Kashkari Delta Alert, China Activity Eases, RBA U-Turn: Eco Day

Michael Heath
·1 min read

(Bloomberg) -- Welcome to Monday, Asia. Here’s the latest news and analysis from Bloomberg Economics to help you start the week.

Minneapolis Fed President Neel Kashkari said the spread of the delta variant of Covid-19 could keep some Americans from looking for work, potentially harming the U.S. recoveryChina’s economic activity continued to ease, implying a more steady recovery into the second half of the year as growth risks mountAustralia’s central bank faces the awkward prospect of having to walk back a taper announcement made only a month agoCall it progressive authoritarianism. From exhausted couriers to stressed parents struggling with ever-rising housing prices and tuition fees, to small businesses battling tech monopolies, Xi Jinping is swinging the cudgel of state power to support the middle classSouth Korea’s exports of chips, computers and other technology products helped boost overseas sales to a record in JulyThe U.S. debt ceiling officially became operative again on Sunday after a two-year suspensionMassive stimulus looks here to stay as the Bank of England seems set to echo the Fed this weekGovernor Lael Brainard staked out some different ground from Chair Jerome Powell as the policy makers await a presidential decision on who should lead the central bank in the coming four yearsIndia is likely to see a rise in Covid-19 infections building into a new virus wave that may peak in October, according to a mathematical model by researchers who accurately predicted recent moves

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