U.S.-Japan Trade Chat, New World Bank Chief, Fedspeak: Eco Day

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Happy Friday, Europe. Here’s the latest news and analysis from Bloomberg Economics to help get your day started and send you into the weekend:

  • As some heat is taken off the U.S.-China trade war, Europe is bracing as the next front and Japan is readying for its own clash
  • The South African Reserve Bank is steadfast that it wants to see inflation expectations anchored at the 4.5 percent midpoint of its target range, Governor Lesetja Kganyago said
  • Playing nice. New World Bank President David Malpass says he’ll work toward a “constructive” relationship with China
  • Fed talk. Federal Reserve officials are signaling a high hurdle to raising interest rates, especially amid moderating inflation; meanwhile, the White House’s latest pick for the board is in jeopardy
  • Fewer firings. Jobless claims in the U.S. fell to a 49-year low amid further tightening in the labor market
  • Down Under. The Aussie housing market is in trouble, and the central bank is eyeing a further drop in Sydney property prices
  • Eco Week. Here’s all that you might’ve missed in the global economy this week

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