Final hours! Save up to 50% OFF InvestingProCLAIM SALE

BOJ vs Market Frenzy, U.S. Borrowing Binge, U.K. Rates: Eco Day

Published 2018-07-30, 07:18 p/m
BOJ vs Market Frenzy, U.S. Borrowing Binge, U.K. Rates: Eco Day

(Bloomberg) -- Welcome to Tuesday, Asia. Here’s news from Bloomberg Economics to help get your day started:

  • The Bank of Japan concludes a two-day policy meeting amid intense speculation that it may adjust its massive monetary stimulus program. But former currency chief Tatsuo Yamasaki reckons that’s unlikely so there shouldn’t be much impact on the yen
  • The Treasury Department predicted the U.S. government’s borrowing needs will jump to the most since the financial crisis as the nation’s fiscal health deteriorates despite a booming economy
  • Money markets reckon the U.K. will raise interest rates this week, though there are still plenty of reasons the central bank might hold fire. Mark Carney revealed in an interview he spends half his time preparing the financial system and economy for Brexit
  • Italian Prime Minister Giuseppe Conte took his cues from Donald Trump at their first meeting, setting himself up as the U.S.’s man in Europe
  • Canadians are feeling beaten down after months of wrangling over U.S. trade, with pessimism about the economy reaching the highest since the last recession
  • Singapore’s luxury real estate market is likely to be hardest hit by the government’s most recent property curbs

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.