Unlucky Coeure, Trump Readies More Duties, Fed Cuts: Eco Day

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

  • Benoit Coeure is possibly the best-qualified candidate to be the next European Central Bank president, but that may not be enough
  • The European Union’s ex-communist contingent probably weathered a lackluster economic performance by the euro area last quarter
  • Britain risks following the U.S. on declining life expectancy and stagnant wages for the less-educated portion of the population if the causes of inequality go unchecked
  • The U.S. prepared to hit China with new tariffs even as Donald Trump said he’ll meet Xi Jinping next month; Trump also warned China against excessive retaliation
  • Boston Fed chief Eric Rosengren said it’s too early to tell if the U.S. economy will be hurt and monetary policy altered by the trade war. Here’s why China’s Treasury holdings are a double-edged sword and a refresher on how we got to where we are
  • Economists expect the trade war between the world’s two largest economies to get worse before it gets better -- culminating in a deal by year-end
  • Three 2019 rate cuts? Options trading suggests there’s appetite for bets on an even more dovish Fed. Here’s a chart of what’s priced in
  • A gauge of Australian employment slumped to the lowest level in more than three years, according to a closely watched survey of businesses sentiment, in a possible harbinger of interest-rate cuts ahead
  • U.S. households continued to moderate their expectations for future inflation rates, according to a new Fed survey. Meanwhile, Goldman says a further escalation of tariffs will have an even greater impact on prices as well as economic growth

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