'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

©2019 Bloomberg L.P.