ECB Policy Clash, Central Banks’ Wild Year, U.S. Jobs: Eco Day

(Bloomberg) — Welcome to Monday, Europe. Here’s the latest news and analysis from Bloomberg Economics to help you start the day and week:

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European Central Bank officials are lining up in a policy clash over whether to add monetary support soon to head off any economic slowdown, or wait for stronger evidence that it’s neededThe ECB should keep up significant monetary stimulus, Governing Council member Pablo Hernandez de Cos saidThe U.K. and European Union are starting a key week of Brexit talks, with the bloc stiffening its demands over how any trade deal will be enforced after losing trust in Boris Johnson because of his attempt to rewrite last year’s divorce agreementCentral bankers who used to help bail out financial institutions in crisis have given almost $9 trillion this year to a motley crew amid the pandemicChina’s central bankers may need to pump more than 1 trillion yuan

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Final Jobs Report Before U.S. Election in Store: Eco Week Ahead

(Bloomberg) — The last U.S. jobs report before the November election will probably show the labor market’s rebound continued in September, though losing some steam.

Employers probably added 850,000 workers in September, a step down from the 1.37 million a month earlier, according to the Bloomberg survey median. The unemployment rate is seen easing to 8.2% from 8.4%, smaller than the 1.8 percentage-point drop in August.



graphical user interface, chart: Recovery in U.S. job market continuing, though pace is off the boil


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Recovery in U.S. job market continuing, though pace is off the boil

The monthly jobs report on Friday will follow the first presidential debate between President Donald Trump and Democratic challenger Joe Biden on Tuesday. The report will also wrap up a busy week on the U.S. economic calendar, which includes figures on income and spending, manufacturing and consumer confidence.

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Personal spending on goods and services, which accounts for about two-thirds of gross domestic product, is projected to rise 0.8%

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Jobs Day in U.S. and Canada, Currency War, ECB Preview: Eco Day

(Bloomberg) — Welcome to Friday, Americas. Here’s the latest news and analysis from Bloomberg Economics to help you start the day:

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It’s U.S. jobs day — here’s what to expect and how to read the dataThe U.S. is in crisis: A closer look at how income inequality, partisanship, health disparities, the recession, racism and climate change are affecting the countryCanada also reports employment numbers today — read our previewGrowing unease among global central banks about the slumping U.S. dollar has ignited speculation that a fresh currency war might be on the horizonImport restrictions aimed at protecting the Argentinian central bank’s falling reserves of dollars are hindering the country’s key farm industry, according to a trade groupThe U.K. is one of the first countries in Europe to start withdrawing the emergency measures it extended to help the economy through the coronavirus, a move that could imperil millions of jobsThe

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