Global Soft Landing, Trump Bashes Fed, Argentina's Wine: Eco Day

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

  • Global finance chiefs ended talks in Washington mixing concern toward the current state of the world economy with confidence that it will soon rebound
  • Much of the main concerns center around U.S. trade policy as an economic drag
  • Trump, renewing his attack on the Federal Reserve, claimed the stock market would be “5000 to 10,000” points higher if not for the central bank. ECB chief Mario Draghi took the rare step of weighing in on the debate over Fed independence
  • Trump enjoys a “narrow advantage” over rival candidates heading into the 2020 election given the outlook for the U.S. economy, Goldman Sachs analysts say
  • China’s economy will draw the eyes of investors this week amid hope that its expansion has stabilized
  • Dubai’s $108 billion economy is still eking out growth, but distress is increasingly felt far beyond its bellwether property industry
  • Meantime, Argentina’s wine industry is riding out the country’s recession on a rise in tourism and exports stemming in part from a cheaper currency

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