- Boris Johnson during 24 hours present a new plan Brexit
- RBA reduced rate from 1.00% to 0.75%
- The index of large industrial companies of Japan sentiment dropped to a 6-year low
- The Turkish government expects a sharp recovery in 2020
According to The Telegraph, Boris Johnson in the next 24 hours will give EU leaders a new detailed plan Brexit. It is expected that the plan will be based on the idea of creating an "economic zone" throughout Ireland. This solution would avoid the imposition of any customs restrictions after the official release of the UK from the EU.
The Reserve Bank of Australia today decided to reduce the interest rate from 1.00% to 0.75% in order to maintain inflation pressure. The final statement said that if necessary, the regulator may continue easing monetary policy and low interest rates will persist long enough period of time.
Against the backdrop of growing tension in international trade and the slowdown in the economies of China and other countries in the Asia-Pacific region sentiment indicator large manufacturing companies in Japan dropped to its lowest level since the 2nd quarter of 2013. Reducing this figure may increase pressure on the Bank of Japan in the direction of further easing of monetary policy.
Turkey's Ministry of Finance expects a sharp economic recovery in 2020. Pending GDP at 5% and lower inflation from 15% to 8.5%. Last year, Turkey's GDP growth was 2.6%, and this year, the IMF predicts a decrease of 0.25%. Experts believe that almost sounded government plans are not realizable, because at the moment the country has enough of its own resources to provide such a quick recovery. Turkey maintains a very strong dependence on external sources of financing, which will be reduced.
News, which you should pay attention today:
7:55 GMT. Germany: PMI in the manufacturing sector (PMI) for September
8:30 GMT. United Kingdom: PMI in the manufacturing sector (PMI) for September
9:00 GMT. EU: preliminary data on consumer price index in September
12:30 GMT. Canada: data on GDP growth for July
14:30 GMT. USA: index of business activity in the manufacturing sector (PMI) from ISM for September
16:45 GMT. EU: ECB President Mario Draghi
News → DAILY NEWS - US and China may sign a trade agreement before the presidential elections 2020