Goldman's Growth Concerns, U.K. Services, Xi's Speech: Eco Day

(Bloomberg) -- Good morning Americas. Here’s the latest news from Bloomberg Economics to help kick off your week.

  • Goldman Sachs says global economic growth should be somewhat softer next year as tighter financial conditions bite.
  • The U.K. economy began the fourth quarter on a disappointing note as Brexit concerns pushed growth in services to a seven-month low.
  • Euro-zone companies are increasingly running into capacity constraints that will boost inflation, the European Central Bank said in a report.
    • Euro-area finance ministers gathering in Brussels on Monday will discuss Italy’s escalating budget standoff with the EU
  • If Chinese President Xi Jinping is getting ready to make big concessions to the U.S., his much-anticipated speech at a Shanghai trade fair didn’t show it. Meanwhile, China intends to cut import taxes further and spend more on goods from abroad.
  • Bank of Japan Governor Haruhiko Kuroda dropped a heavy hint Monday that he wants to normalize monetary policy once the BOJ gets closer to its price goal.
  • Finally, here’s a look at how dominant companies can be a drag on American economic growth.

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