Iran and Oil, Asia Central Banks Tested, Argentina Woe: Eco Day

(Bloomberg) -- Welcome to Wednesday, Europe. Here’s news from Bloomberg Economics to help get your day started:

• The U.S. exit from the Iran deal might only provide half the oil story as a price shock threatens to rattle economies across the world, Bloomberg Economics analysis shows; President Trump’s pullout risks fallout for the U.S. economy
• Central banks across the world might so far seem patient amid Fed tightening, but higher U.S. Treasury yields are testing economies in Asia
• Tough talks. U.S. Commerce Secretary Wilbur Ross said U.S. and China are “pretty far apart” on trade discussions even as the nations’ two leaders spoke by phone Tuesday
• Help wanted. Argentina, in a world of hurt amid a five-month rout in the peso, is asking the IMF for a $30 billion credit line to keep its economic recovery on track
• Japan’s wage growth rose in March at the fastest pace in two decades, giving hope to policy makers looking for a boost to inflation
• Central bank watch: Australia’s budget could push forward its monetary policy tightening, while you shouldn’t count on an Indonesia rate hike, says Bloomberg Economics
• New boss in town. New Zealand’s central bank might offer little in the way of policy excitement in its rate decision Thursday, but there’ll be plenty to watch with a new chief at the helm

To contact the reporter on this story: Michelle Jamrisko in Singapore at mjamrisko@bloomberg.net.

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

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