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Trump in No Rush, Sub-Zero Critics, U.K. Retail Woes: Eco Day
Trump in No Rush, Sub-Zero Critics, U.K. Retail Woes: Eco Day
04 Dec 2019, 12:09 AM IST
(Bloomberg) --
Good morning Americas. Here’s the latest news and analysis from Bloomberg Economics to help get your day started:
- President Donald Trump signaled he would be willing to wait for another year before striking a trade agreement with China, casting doubt on the likelihood of a phase-one accord within weeks between Washington and Beijing
- It’s about to get harder for U.S.’s miners to ship their coal to Asia: The city of Richmond, California, is expected to approve a ban on coal at a terminal that accounts for almost a quarter of exports from the West Coast
- Bond powerhouse Pacific Investment Management Co. has become the latest high-profile critic of negative interest rates, warning that one of the key central-bank tools in economically beleaguered Europe and Japan may do more harm than good
- In Europe, the ECB is said to be facing particular, and increasing, pushback against its negative interest-rate policy in private engagements with the region’s finance ministers
- For years, low inflation looked like a classic rich-world problem. Plenty of developing economies now have it too
- China’s PMI spread some cheer as the end of year approaches, but the pain is far from over, writes Bloomberg Economics’s Chang Shu
- South Africa’s economy contracted for a second quarter this year in the three months through September as farming, mining and factory output slumped
- Finally, here’s how the death of the U.K. high street is hitting women the hardest
To contact the reporter on this story: David Goodman in London at dgoodman28@bloomberg.net
To contact the editors responsible for this story: Paul Gordon at pgordon6@bloomberg.net, Andrew Atkinson
©2019 Bloomberg L.P.
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