Global Trade Cracks, PBOC Swap Tool, Draghi Rate Window: Eco Day

(Bloomberg) -- Happy Friday, Asia. Here’s the latest news and analysis from Bloomberg Economics to help get your day started:

• As cracks begin to emerge in global trade data, Commerce Secretary Wilbur Ross says the U.S. and China are eager to end their trade war, but the outcome hinges on whether Beijing will deepen its reforms
• The PBOC is setting up a new facility to encourage banks to replenish capital by issuing perpetual bonds, in a further move aimed at securing financing for China’s flagging economy
• ECB chief Mario Draghi’s opportunity to raise interest rates is starting to slip over the horizon. Meanwhile, Germany’s industrial slump has worsened, dragging the euro-area economy into its worst performance in more than five years
• Google Trends data signal that U.S. retail sales, a key indicator delayed by the government shutdown, probably held up along with household consumption
• There’s a vast police state at the core of China’s Belt and Road

To contact the reporter on this story: Michael Heath in Sydney at mheath1@bloomberg.net

To contact the editors responsible for this story: Nasreen Seria at nseria@bloomberg.net, Chris Bourke

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