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Trump Wants Truce, Brexit Talks, China's Global Role: Eco Day

Trump Wants Truce, Brexit Talks, China's Global Role: Eco Day

(Bloomberg) -- Happy Friday, Europe. Here’s the latest news from Bloomberg Economics:

  • President Donald Trump wants to reach an agreement on trade with Chinese President Xi Jinping at the Group of 20 nations summit in Argentina later this month and has asked key U.S. officials to begin drafting potential terms, according to four people familiar with the matter
  • Compromise: EU Brexit negotiators are exploring a compromise on Northern Ireland that would give the U.K. stronger guarantees that a customs border wouldn’t be needed along the Irish Sea, the FT reported
  • Unconvincing: Mark Carney’s warning that a no-deal Brexit would mean interest rate hikes isn’t convincing economists
  • Global guardian: China’s rise is posing a challenge to America’s role as global economic guardian
  • Pause: The three Asian central banks leading the region’s tightening cycle have used a spell of relative calm to take a breather on raising interest rates -- but it’s not likely to last
  • Help Forthcoming: A top ally of Indian Prime Minister Narendra Modi has come out in support of central bank Governor Urjit Patel in his current dispute with the government
  • Jobs or hiring lull: Analysts will look to the October jobs report to confirm the September hiring lull was a fluke, argues Carl Riccadonna. Meanwhile, Fed Chairman Jerome Powell said reducing immigration could slow the economy by limiting jobs growth
  • High stakes: Malaysian Prime Minister Mahathir Mohamad is already staring down a possible credit rating downgrade in his government’s first budget
  • Finally, don’t miss the next part of Stephanie Flanders’ New Economy podcast

To contact the reporter on this story: Anirban Nag in Mumbai at anag8@bloomberg.net

To contact the editors responsible for this story: Nasreen Seria at nseria@bloomberg.net, Karthikeyan Sundaram, Unni Krishnan

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