'Miles' From Trade Deal, ECB Flags Risks, U.S. Comfort: Eco Day
(Bloomberg) -- Happy Friday, Europe. Here’s the latest news and analysis from Bloomberg Economics to help get your day started and send you into the weekend:
- U.S. Commerce Secretary Wilbur Ross said the U.S. and China were “miles and miles” away on a trade deal, and gave some further detail to Bloomberg Television about what’s needed for a positive outcome
- Stepping back. Here’s the state of play on the U.S.-China talks, and check in on the souring global trade data with our dashboard of key indicators
- Dueling tones. Mario Draghi might have given a bit of a scare with his citation of risks “to the downside,” while Goldman Sachs CEO is among analysts offering a sigh of relief and projecting a low risk of a U.S. recession this year
- Serious flaws. Japanese officials tried to play down the impact of flawed economic data after a government probe found problems in around half of its key data sets.
- Feeling down. Bloomberg’s Consumer Comfort Index slumped to its lowest in almost seven months amid the U.S. government shutdown
- Swift exit. The U.S. has ordered its “non-emergency” employees out of Venezuela, which is now battling a full-blown political crisis on top of its economic one
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