Clarida's Cut Pushback, Xi's Move, Aussie Coal Addicts: Eco Day

Clarida’s Cut Pushback, Xi’s Move, Aussie Coal Addicts: Eco Day

(Bloomberg) — Welcome to Wednesday, Asia. Here’s the latest news and analysis from Bloomberg Economics to help get your day started:

  • Fed No. 2 Richard Clarida pushed back against speculation on an interest-rate cut to boost inflation to its 2 percent target
  • Colossal coal mines and jobs to support the economy remain pivotal in Australia’s election despite the fuel choking the planet
  • China hawks have the upper hand after President Trump turned the screws on Beijing; Stronger economic data has allowed him to take a tougher stand — but the same is true for Xi Jinping
  • New Zealand’s currency is the most volatile since 2016 ahead of today’s rate decision
  • The European Commission cut its growth forecasts for the euro area and slashed its projection for Germany
  • As growth worries and trade war jitters threaten to spoil any rebound for emerging markets in 2019, property markets are shaping up as a critical element to monitor
  • Russian President Vladimir Putin’s broken promises are beginning to stir discontent in heartlands that have been his bedrock of support
  • Australian central bank chief Philip Lowe yesterday dashed expectations of a rate cut, looking through inflation weakness

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