Italy's Promises, Trade Dark Clouds, Japan Wage Pickup: Eco Day

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

• Italy’s promising small budget improvements as the finance minister meets with counterparts from the EU
• Trade update. China’s economic outlook is getting more dark clouds as President Donald Trump is raising the stakes on tariffs from the U.S.; Bob Woodward’s reporting outlines two officials’ campaigns to moderate Trump’s trade strategy
• Corporate persuasion. Trump’s push to get Apple and Ford to bring jobs home from China is unlikely to be successful
• Bright spots. Long-elusive, Japanese wage inflation is finally coming into view for Governor Haruhiko Kuroda, and Japan can thank a business-spending pickup for lifting economic growth
• Two-faced. China got a mixed picture from inflation reports Monday, with producer prices easing while consumer prices rose for a third month
• More trouble. That inflation dip in India shouldn’t bring much comfort for tortured bond investors
• No rocking the boat. China’s calling for measured “tweaks” to its monetary policy

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, Henry Hoenig

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