(Bloomberg) -- Welcome to Tuesday, Asia. Here’s the latest news from Bloomberg Economics:
- Despite a slump in equities and gains in the dollar, few economists are concerned that broad financial conditions will strangle the second longest U.S. expansion on record
- China announced fresh measures to ease the funding strains of private companies, as top officials seek to restore confidence in the world’s second-largest economy
- President Donald Trump said Congress will vote on a new tax cut for middle-class Americans after the midterm elections, even though Republican lawmakers say they have no such legislation in the works
- Italy’s populist government told the EU that it’s willing to temper its budget for next year, but needs to break deficit rules to help out its poorest citizens
- Indonesia’s central bank may be ready to hit the pause button after five interest-rate hikes and measures to curb the current-account deficit start to pay off
- The opening of the world’s longest bridge is another step in China’s project to bring Hong Kong back into its bosom
