Euro Area Bounceback, New BOE Powers, China Holding Up: Eco Day

(Bloomberg) -- Good morning Americas. Here’s news from Bloomberg Economics to help get your Friday started:

  • The much awaited rebound in euro-area growth momentum may have finally begun, with a gauge measuring private-sector activity unexpectedly increasing in June, suggesting the economy is gathering pace after a slow start to the year
  • Mark Carney’s Bank of England has been granted new powers that allow it to raise a war chest of more than 750 billion pounds ($1 trillion) -- without permission or protection from the government
  • Some White House officials are trying to restart talks with China to avoid a trade war before U.S. tariffs on Chinese products take effect July 6, three people familiar with the plans said
  • Malaysia named Nor Shamsiah Mohd Yunus, who investigated the scandal-plagued state fund 1MDB, as governor of its central bank
  • China’s growth this year shows no signs of slowing, despite rising tensions with the U.S. over trade and disappointing economic data in May, according to a Bloomberg survey
  • Finally, here’s everything you need to know about the global economy this week

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