Trade Alarms at G-20, Gauging Fallout, Indonesia Rates: Eco Day

(Bloomberg) -- Welcome to Thursday, Europe. Here’s news and analysis from Bloomberg Economics to help get your day started:

  • Trade alarms are ringing louder for G-20 economic officials gathering this week, where Argentina will play an awkward host as it struggles to shake off a protectionist history
  • American prospects. The Fed chief said he thinks the U.S. might still be short of full employment, but growth is holding up even as trade worries spread
  • Finger-pointing. Trump’s top economic aide says China’s Xi doesn’t want a trade deal
  • Tokyo’s take. Slower Japanese export growth is a warning sign amid heightened trade tensions, while Japan’s trade minister is talking tough on auto tariffs
  • Slow groundbreaking. U.S. housing starts plunged to a nine-month low as higher mortgage rates and labor and materials costs weighed on the market; the news was worse in Australia, where economists see a housing slump lasting two more years
  • Timeout. Bank Indonesia is set to hold policy Thursday afternoon in Jakarta, following three interest-rate hikes and some stabilization in the rupiah
  • Lower bar. Singapore’s future is good, not great, say economists
  • Smells like revolutionary spirit. Kim Jong Un is berating party officials and factory workers as he carries out industrial inspections across North Korea

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