Trump Dents China Hopes, Nafta 2.0, May's Brexit Shrug: Eco Day

(Bloomberg) -- Welcome to Tuesday, Europe. Here’s the latest news from Bloomberg Economics:

  • President Trump says it’s not the right time for trade negotiations with China, denting expectations for a near-term deal after a breakthrough agreement between the U.S. and Mexico; here’s how a new Nafta would be different
  • No deal? No big deal. U.K. Prime Minister Theresa May says the nation can still make a success of Brexit if it crashes out of the European Union
  • Bank of Portugal Vice Governor Elisa Ferreira hasn’t applied to be the euro area’s next top bank supervisor, despite support from some countries
  • The earliest indicators for China’s economy show the pace of expansion slowed for a fourth month in August
  • South Korea is planning the biggest budget increase in 10 years, just as consumer confidence there tumbled to the lowest in 17 months
  • Japan’s finance minister will travel to Beijing later this week for a meeting with his Chinese counterpart in a sign of warming relations between the second- and third-largest economies
  • India is shrugging off global trade wars and is on course to become the fastest-growing major economy this year
  • For Australia’s new Treasurer, managing the economy is likely a welcome relief from the poisonous infighting that lead to his unexpected promotion
  • Is this time really different? San Francisco’s Fed has bad news for those declaring an inverted yield curve is no longer a recession predictor

©2018 Bloomberg L.P.