U.S.-China Trade Deal, Brazil Retail Sales, Algo Wars: Eco Day

(Bloomberg) --

Welcome to Wednesday, Americas. Here’s the latest news and analysis from Bloomberg Economics to help get your day started:

• President Donald Trump is poised to sign a deal with China on Wednesday that leaves significant tariffs in place and for the first time would punish Beijing if it fails to deliver on pledges related to its currency, intellectual property and the trade balance

  • Existing tariffs on billions of dollars of Chinese goods coming into the U.S. are likely to stay in place until after the American presidential election, people familiar with the matter said
• Financial markets beat to the rhythm of economic reports, so the possibility the U.S. will shake up how that data is released has Wall Street pondering the consequences
• The Trump administration plans to promote Brazil’s bid to join the Organisation for Economic Co-operation and Development, reversing a previous commitment to give priority to Argentina’s candidacy to the world body, according to three people familiar with the situation
• Brazil’s retail sales grew at half the pace expected by analysts in November despite the lure of Black Friday promotions, pouring cold water on rising optimism about the country’s economic recovery
• Germany’s economy made a slight recovery in the fourth quarter, ending a year in which manufacturing took a battering and the country was dragged to the brink of a recession
• The path to a Bank of England interest-rate cut as soon as this month became clearer on Wednesday after inflation unexpectedly slowed to a three-year low

To contact the reporter on this story: Zoe Schneeweiss in London at zschneeweiss@bloomberg.net

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

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