Global Growth Slip, China Trade Dip, Fed Funding Stress: Eco Day

(Bloomberg) -- Welcome to Friday, Asia. Here’s the latest news and analysis from Bloomberg Economics to take you through to the weekend:

• Intensifying trade conflicts have sent global growth momentum tumbling toward lows last seen during the financial crisis, the OECD said in its latest outlook
• Leading indicators of China’s trade performance are pointing to a bad situation becoming worse, while China traders disappointed by a lack of policy rate cuts this week are now shifting focus to a new gauge of borrowing costs
• Signs of stress in U.S. funding markets are rebuilding ramped up pressure on the Fed to permanently increase reserves. What exactly is the repo market?
• Trade negotiators from the U.S. and China resumed face-to-face talks in Washington, as the Trump administration said a Chinese delegation will visit American farmlands next week
• Hong Kong’s Mr. Risk is struggling to meet demand as protests roll
• India’s central bank Governor Shaktikanta Das said there’s room for interest-rate cuts to spur economic growth given stable and below-target inflation
• The SNB offered banks additional relief from its negative rates, a move that could give it leeway to cut them further if needed
• Argentina’s recession is set to linger after the second-quarter contraction, writes Adriana Dupita
• When it comes to Japan’s economy, there’s actually two of them -- and it’s a cautionary lesson for the world

To contact the reporter on this story: Michael Heath in Sydney at mheath1@bloomberg.net

To contact the editors responsible for this story: Nasreen Seria at nseria@bloomberg.net, Chris Bourke

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