Trump-Xi Optimism, Inflation Checkup, BOE's Carney: Eco Day

(Bloomberg) -- Good morning Americas. Here’s the latest news and analysis from Bloomberg Economics to help get your Tuesday started:

• The Trump administration said the U.S. president still wants to meet China’s Xi Jinping in an effort to end the trade war, a sign of optimism as negotiators from the world’s two-biggest economies start their latest round of talks this week.
  • As talks continue, Donald Trump is facing a tough time selling his policy to car dealers back home.
• Meanwhile, the U.S. labor market’s strength is masking some areas of weakness. Over the past 12 months, the share of unemployed people out of work for 52 weeks or longer has averaged 13.2 percent -- higher than at almost any point in data from 1976 to 2008.
• The world economy is set to get fresh insight into whether inflation is turning sluggish again as the U.S. and China publish price data.
• Mark Carney may give some color later today on what lies ahead after enduring the worst year of growth since he arrived at the Bank of England
• European Central Bank officials warned against overreacting to individual points of incoming data when setting monetary policy as the current environment is highly uncertain.
• Finally, a look at how a small and fairly ordinary-looking Baltic town toward the eastern limit of the euro area can help explain a lot about the region’s migration shifts.

To contact the reporter on this story: David Goodman in London at dgoodman28@bloomberg.net

To contact the editors responsible for this story: Fergal O'Brien at fobrien@bloomberg.net, Brian Swint

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