Brexit May-hem, Dynamic Trade Front, Asean Tightens: 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:

• What a mess Theresa May is in as she fights to preserve a Brexit deal that has prompted insurrection across political lines; negotiators dread the thought of starting over, and here’s what no deal could mean for U.K. trade relations
• Lowering the bar. U.S. Commerce Secretary Wilbur Ross says not to expect too much from a Trump-Xi meeting centered on a trade deal; meanwhile Singapore doesn’t want Asean to have to choose between two friends
• Signing up. Europe is dealing across Asia on trade amid the U.S.-China tensions, including a free-trade agreement between Indonesia and the EU
• Busy week. Central banks in Indonesia and the Philippines raised interest rates this week in an unexpected pair of developments
• New Year’s resolution. The Federal Reserve is planning a 2019 review on how it tries to achieve its twin goals of full employment and price stability
• Change of plans. Prime Minister Shinzo Abe is dialing it back a bit on the recently unveiled foreign-worker proposal, even as Japan suffers from a wide labor shortage
• Bright side. The ECB’s chief economist sees a silver lining for Europe amid slumping energy prices
• Week in review. For a rundown of all you might have missed in the global economy this week, check out the regular roundup

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, Ashutosh Joshi

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