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U.S. `Wile E. Coyote' Moment, Xi's Dream, Aussie Pickup: Eco Day

Published 06/07/2018, 08:14 PM
Updated 06/07/2018, 08:20 PM
© Bloomberg. Mario Draghi, president of the European Central Bank (ECB), speaks during a news conference following the bank's interest rate decision at the ECB headquarters in Frankfurt, Germany.

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

  • Meep-meep! The U.S. could face a “Wile E. Coyote” moment in 2020 as the Trump administration’s fiscal stimulus fades, ex-Fed Chairman Ben Bernanke says
  • The nation’s current roaring economy is also having its problems as suppliers struggle with bottlenecks. Trump meantime says he’s working with Prime Minister Abe to improve U.S.-Japan trade
  • A slow start. Two hours south of Beijing, an empty lots stands where a year ago President Xi Jinping designated a glittering new high-tech city
  • Could the June 12 summit help turn North Korea from corporate graveyard to tiger?
  • Australia has a new barometer for its economic health -- a pickup truck that doubles as a national cultural icon
  • Turkey surprised markets by tightening policy for the third time in less than two months, joining Brazil in efforts to protect its currency. Argentina meanwhile secured a $50 billion deal from the IMF
  • Thailand looks an oasis of monetary policy stability in emerging markets
  • Mario Draghi is ready to end the ECB’s bond-buying program even if he puts off the decision for one more meeting, economists say. BOE policy maker Dave Ramsden says early signs are the U.K. is bouncing back
  • British PM Theresa May urged her EU counterparts to show restraint when retaliating against U.S. tariffs. Canada’s Justin Trudeau is scrambling to save the G-7 summit as the six leaders square up to Trump

© Bloomberg. Mario Draghi, president of the European Central Bank (ECB), speaks during a news conference following the bank's interest rate decision at the ECB headquarters in Frankfurt, Germany.

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