(Bloomberg) -- Welcome to Friday Asia. Here’s the latest news and analysis from Bloomberg Economics to help you start the day and get you into the weekend:

  • President Donald Trump signed off on a phase-one trade deal with China. Deal includes promise by China to buy more U.S. farm goods
  • Boris Johnson is on course to win a decisive victory in the U.K.’s general election, vindicating his gamble on an early vote and putting the country on track to leave the European Union next month
  • Christine Lagarde’s first ECB policy meeting as president was cautiously optimistic, suggesting signs of stabilization in the euro zone economy and that further interest rate cuts are unlikely
  • The Chinese government said it would improve the effectiveness of fiscal policy in 2020, while monetary settings remain “prudent.” The Communist Party’s annual economic planning meeting declared that economic growth next year would be maintained within a “reasonable range”
  • India’s inflation galloped to its highest level in more than three years, giving monetary policy makers reason to keep interest rates on hold despite flagging economic growth
  • Lebanon’s caretaker Prime Minister Saad Hariri said he discussed with the heads of the IMF and the World Bank a possible plan to ease a deepening financial crisis, as Fitch sounds alarm on default
  • U.S. business debt exceeded that of households for the first time since 1991, a potential warning sign for the economy as corporate investment softens
  • Bank of Canada Governor Stephen Poloz said he expects global interest rates to remain low for years to come due to structural forces such as sluggish productivity and population growth
  • The Turkish central bank delivered another interest-rate cut that exceeded forecasts. The key rate was lowered for a fourth straight time to 12% from 14%
  • The Bank of Russia is keeping markets guessing about its plans for its last policy meeting of 2019. Most economists in a Bloomberg survey expect a quarter-point cut to 6.25% on Friday, but some see no change

To contact the reporter on this story: Alexandra Veroude in Sydney at averoude4@bloomberg.net

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

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