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This Article is From Oct 07, 2019

China’s Trade Scope, Fed Hawks Speak, Brexit War Games: Eco Day

China’s Trade Scope, Fed Hawks Speak, Brexit War Games: Eco Day

(Bloomberg) --

Good morning Americas. Here's the latest news and analysis from Bloomberg Economics to help get your week started:

  • Chinese officials are signaling they're reluctant to agree to a broad trade deal pursued by President Donald Trump, ahead of negotiations this week that have raised hopes of a potential truce
  • The U.S. economy's loss of momentum isn't severe enough to warrant a further reduction to interest rates, two hawkish Federal Reserve board members said
  • Trump lauded a tight labor market Friday as the unemployment rate hit a 50-year low. He didn't mention job losses appearing in manufacturing, a key industry for his base of supporters
  • German factory orders declined further in August, aggravating an industrial slump that has pushed Europe's largest economy to the brink of recession
  • As the Brexit clock ticks down, here's how the Bank of England is getting ready
  • The Bank of Israel is widely expected to hold its benchmark rate at 0.25% on Monday, leaving official borrowing costs just above their all-time low
  • How much lower can India's central bank drive interest rates after five back-to-back cuts? By as much as 65 basis points, say some economists
  • Finally, here's our preview of the world economy this week

To contact the reporter on this story: David Goodman in London at dgoodman28@bloomberg.net

To contact the editors responsible for this story: Paul Gordon at pgordon6@bloomberg.net, Lucy Meakin

©2019 Bloomberg L.P.

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