Europe's Factory Woes, Rajan in BOE Running, Dovish SNB: Eco Day

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

• European industry is in trouble and there’s a risk it will infect other parts of the economy and deepen the region’s slowdown
• Is Brexit Britain ready to hear some uncomfortable economic truths from another foreign governor?
• The Swiss National Bank is again at the mercy of its bigger neighbors and will have to lean in a more dovish direction
• Meanwhile, the dovish turn by global central banks could tempt Turkey to follow suit
• China’s inflation pressure continued rising in May, as supply shocks pushed up food costs
• Chief economists at two Wall Street houses are questioning the conventional wisdom that the Fed is about to start cutting rates
• Xi Jinping’s response to Trump’s latest ultimatum could have far-reaching consequences for his political future, while Trump now says he’s personally holding up their trade deal
• Central banks increased their holdings of equities beyond $1 trillion last year as they sought to diversify their reserves
• Trump told reporters that he reached a secret pact with Mexico -- despite the country’s insistence to the contrary

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