U.K. Snap Election, Trump’s 2020 Threat, U.S. Factories: Eco Day

Michael Heath

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

Prime Minister Boris Johnson put the U.K. on course for a snap general election after suffering a humiliating defeat for his Brexit strategy in ParliamentPresident Donald Trump sought to prod China into doing a trade deal before the U.S. presidential election in November 2020, or face even more difficult negotiations Meantime, economists are downgrading their forecasts for economic growth in China again, to below a level necessary for the Communist Party to meet its own goals in time for its centenary in 2021A key U.S. factory gauge unexpectedly contracted for the first time since 2016. Carl Riccadonna looks at the falloutFrench central bank Governor Francois Villeroy de Galhau signaled skepticism over the need for renewed asset purchases by the ECBA decade on, has low interest-rates panacea turned poison? Carl Riccadonna and Yelena Shulyatyeva sift the evidenceBoston Fed chief Eric Rosengren said the U.S. economy remains “relatively strong” despite clearly heightened risks, leaving him unconvinced on the need for an interest-rate cut. Here’s a summary of recent remarks by Fed policy makersIndonesia plans to cut tax on corporates and scrap a levy on dividends to help attract foreign investmentThe Bank of Canada is expected to open the door further to rate cuts at a decision Wednesday, amid worries U.S.-China tensions will curb a relatively robust expansionVenezuela Socialist Party Vice President Diosdado Cabello called former Vietnamese leader Ho Chi Minh “an example,” at a ceremony in Caracas commemorating the 50th anniversary of his death

To contact the reporter on this story: Michael Heath in Sydney at mheath1@bloomberg.net

To contact the editors responsible for this story: Nasreen Seria at nseria@bloomberg.net, Chris Bourke

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