Broken Trade Talks, Rajan's BOE Job Odds, Norway Rates: Eco Day

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

  • President Donald Trump declared China’s leaders "broke the deal" he was negotiating with them on trade, ratcheting up his rhetoric ahead of fresh talks that were already clouded by imminent tariff increases and China’s threats of retaliation
    • China’s consumer inflation accelerated to the fastest pace in six months, driven by surging food prices, while producer prices escaped from near the deflation zone on a recovering economy
  • Norway and Serbia have central bank decision days today; track what’s worth looking out for here and here
  • Former Reserve Bank of India chief Raghuram Rajan is moving up in the race to be the next Bank of England governor
  • House price growth in the U.K. remained weak in April as the slump in southeast England and London depressed the market
  • Fed Governor Lael Brainard wants to "hear more" about targeting the yield curve as the central bank reviews its policy framework
  • The Philippine economy grew at the slowest pace in four years in the first quarter

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