ECB Emboldened, Xi Labeled ‘Zealot’, Flying Pork Prices: Eco Day

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

• Christine Lagarde may this week get a sense of things to come under her presidency of the European Central Bank, as her forerunner in the role encounters resistance to his final stimulus push
• China’s swine fever outbreak is causing havoc for consumers in the form of runaway price gains for pork, but less of a headache for the central bank; deflation is still the risk regardless, writes David Qu
• Germany’s worship of fiscal discipline is being challenged by a looming recession and tantalizingly cheap credit
• The U.S. Agriculture Department’s top trade official called Chinese President Xi Jinping a “communist zealot,” as he warned farmers the Asian leader is a tough adversary in negotiations
• A new index by the International Monetary Fund shows current trade uncertainties are about 10 times the peaks seen in previous decades
• Federal Reserve officials worried about sliding inflation expectations won’t take much comfort in readings from the New York Fed’s latest monthly survey of U.S. households

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