Italy Migration Win, U.K. Sentiment Slips, EM Pressure: Eco Day

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

• Italy’s rookie prime minister, Giuseppe Conte, negotiated a package of measures at his first EU summit to stem the flow of migrants
• U.K. confidence took a turn for the worse in June as businesses and consumers became more pessimistic on the economic outlook
• Central banks in emerging economies are losing the battle with markets as their efforts to shield their currencies struggle for traction
• Everything you need to know about the increasingly likely trade war
• China’s central bank said it’ll keep economic development steady and stabilize market expectations. Meanwhile, a key economic release Saturday will give one of the earliest signs of how China’s economy is faring as a wave of higher tariffs on trade with the U.S. approaches
• The Bank of Japan reduced debt purchases for a third time in June, taking advantage of the recent stability in bond yields and the yen, while data showed the jobless rate fell to the lowest level in a quarter century
• A wall? What happens at the Irish border if there’s no Brexit deal?

To contact the reporter on this story: Michael Heath in Sydney at mheath1@bloomberg.net

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

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