ECB warns on Italy, Brexit options, South Africa hikes: Eco Day

US President Donald Trump and China’s Xi Jinping have indicated they’re both ready for a highly anticipated meeting at the G20 summit in Argentina next week. 

The European Central Bank is sounding an alarm for Italy to rein in its expansive budget or risk real long-term damage, and sees “ uncertainties and fragilities” ahead It ain’t over. Almost everyone agrees that Theresa May will probably lose the vote in Parliament on her Brexit plan — what happens next is far less certain Consumer confidence in the euro area flopped in November to the worst level since March 2017. 

The Bank of England may need to increase interest rates at a quicker pace than currently envisaged by markets, according to policy maker Michael Saunders Coming to America. US Commerce Department forecasts are bullish about visitors to the US in the years to come.

South African central bankers raised the benchmark interest rate for the first time in two years with inflation risks lurking.