Black Friday, Trade-War Profiteering, Euro-Area Blow: Eco Day

(Bloomberg) -- Welcome to Friday, Americas. Here’s the latest news and analysis from Bloomberg Economics to take you into the weekend:

  • U.S. 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
  • It’s Black Friday -- retailers’ favorite time of year. Follow our coverage here
  • The euro-area economy stumbled again this month, with a key indicator falling to the lowest in four years, denting expectations for an economic pickup after a summer slowdown
    • The weakness of underlying euro-zone inflation will continue until well beyond next year, according to Goldman Sachs
    • 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
  • 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
  • The South African Reserve Bank will aim to keep its policy rate on hold next year to support a recovery in economic growth. But this goal may be thwarted by tighter global financial conditions
  • Nigeria’s base interest rate is becoming more and more irrelevant
  • China says it won’t allow reform of the World Trade Organization to include stripping it of its status as a developing nation, a move that would challenge its state-led development model
  • There are fresh signs that Taiwan is benefiting from the U.S.-China trade war as officials attribute a jump in industrial production partly to technology companies shifting production back to the island economy
  • Week in review: Here’s all that you might have missed in the global economy, in our weekly roundup

©2018 Bloomberg L.P.