ECB Emboldened, Xi Labeled ‘Zealot’, Flying Pork Prices: Eco Day

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

• Christine Lagarde may this week get a sense of things to come under her presidency of the European Central Bank, as her forerunner in the role encounters resistance to his final stimulus push
• China’s swine fever outbreak is causing havoc for consumers in the form of runaway price gains for pork, but less of a headache for the central bank; deflation is still the risk regardless, writes David Qu
• Germany’s worship of fiscal discipline is being challenged by a looming recession and tantalizingly cheap credit
• The U.S. Agriculture Department’s top trade official called Chinese President Xi Jinping a “communist zealot,” as he warned farmers the Asian leader is a tough adversary in negotiations
• A new index by the International Monetary Fund shows current trade uncertainties are about 10 times the peaks seen in previous decades
• Federal Reserve officials worried about sliding inflation expectations won’t take much comfort in readings from the New York Fed’s latest monthly survey of U.S. households

To contact the reporter on this story: Jiyeun Lee in Hong Kong at jlee1029@bloomberg.net

To contact the editors responsible for this story: Malcolm Scott at mscott23@bloomberg.net, Chris Bourke

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