U.S. Jobs Day, Europe's Worsening Downturn, Corbynomics: Eco Day

(Bloomberg) --

Good morning Americas. Here’s the latest news and analysis from Bloomberg Economics to help get send you into the weekend:

• The most-anticipated economic report of the week, on U.S. jobs, could nudge the Federal Reserve to an interest-rate cut at the end of the month; here’s what economists are saying ahead of the release
• German factory orders slumped in May in the latest sign that global trade uncertainty is turning Europe’s temporary slowdown into a more serious downturn.
  • It costs little, if any, for the German government to borrow, so it’s a bit of a worry that they are keeping purse strings so tight
• China continues to demand that the U.S. lift all tariffs; meanwhile, Vietnam is trying to satisfy the U.S. through a renewed trans-shipment crackdown and greater caution around currency intervention
• All the match-ups in the global trade fight club, plus how central banks are managing headwinds and personnel changes in top posts, feature in our wrap of the week
• Finally, here’s how Corbynomics is stalking the race for Britain’s next prime minister

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, Fergal O'Brien

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