'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

To contact the reporter on this story: Michelle Jamrisko in Singapore at mjamrisko@bloomberg.net

To contact the editors responsible for this story: Nasreen Seria at nseria@bloomberg.net, Karthikeyan Sundaram, Devidutta Tripathy

©2019 Bloomberg L.P.