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Welcome to Wednesday, Europe. Here’s the latest news and analysis from Bloomberg Economics to help you start the day:
- Even as delta risks loom, early signs from the third quarter show global growth accelerating and inflation peaking after its recent jump, a reassuring sign for policy makers and investors
- In Asia, though, real-time indicators are already showing a hit as consumers stay home and airplanes idle on the tarmac
- U.S. consumer prices probably jumped again in July, with little sign that households are balking at paying more for goods and services
- The Senate passed a $550 billion infrastructure plan that represents the biggest burst of spending on U.S. public works in decades
- Bitcoin is staging a comeback that has taken it up more than 50% from recent lows, reviving animal spirits and coaxing out sky-high price targets that emerge when the asset is rallying
- Germany will expand Covid-19 testing requirements for non-vaccinated people and end free tests to prod more residents to roll up their sleeves
- Singapore’s economy is set to expand at a faster clip than the government previously expected as the city-state shakes off an uptick in virus cases and looks to re-open more sectors
- South Korea’s unemployment rate fell to the lowest level in one year in July before a surge in virus infections triggered tighter restrictions nationwide
- Indian companies are running out of room to absorb rising raw material costs, which could force the central bank to unwind stimulus faster than expected
More stories like this are available on bloomberg.com
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