Trade Talks Surprise, Powell Placates, German Factories: Eco Day
(Bloomberg) -- Good morning Americas. Here’s the latest news and analysis from Bloomberg Economics to help get your week started:
- Chinese Vice Premier Liu He unexpectedly attended the first day of talks aimed at resolving the trade dispute between the world’s two biggest economies, according to people familiar with the matter and a photo seen by Bloomberg
- Fed Chairman Jerome Powell has managed to assuage fickle financial markets by muddying the central bank’s monetary message. The question is how long that pacification strategy will work?
- German factory orders fell more than expected in November, though the numbers were distorted by airplane orders that masked signs of underlying momentum
- UBS Group’s Chairman says the sense of pessimism in global markets that’s marked the beginning of 2019 is overdone
- European Central Bank official Ignazio Angeloni sees a possible inversion of the economic cycle that could slow 2019 growth while banking contagion risks may rise, according to an interview published at the weekend
- Our economists reckon the U.S. December jobs report is likely the best of the economic cycle -- it shows evidence of intensifying wage pressures and increasing labor participation
- Finally, here are the key takeaways from this weekend’s American Economic Association annual meeting in Atlanta
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