ECB Review, China’s U.S. Catchup, U.K. Reopening: Eco Day


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Welcome to Tuesday, Europe. Here’s the latest news and analysis from Bloomberg Economics to help you start the day.

  • The European Central Bank is entering the final stretch of its biggest strategy review in almost two decades, with officials looking to hammer out key differences over future monetary policy
  • When will China overtake the U.S. to become the world’s biggest economy? Few questions are more consequential
  • Businesses have been been clamoring for the government to finally re-open the U.K. economy. Now that face masks and social distancing will be all but dropped, they have a new set of worries
  • OPEC+ was plunged into crisis as a worsening fight between Saudi Arabia and the United Arab Emirates blocked an oil-supply increase
  • German Chancellor Angela Merkel and French President Emmanuel Macron pressed Xi Jinping in a video summit to allow more flights from Europe as they sought to repair ties with Beijing
  • Bank of Japan Governor Haruhiko Kuroda and his board are likely to offer incentives for lending in the battle against climate change when they meet later this month, according to economists
  • The Danish central bank’s defense of the krone’s peg to the euro has prompted speculation that it may have to cut rates, at a time when most of the world moves closer to the end of easy money
  • Calls are growing louder for China’s government to boost fiscal stimulus regardless of high debt levels in the economy, an approach that’s drawn comparisons with an unconventional economic theory gaining popularity in the U.S.
  • For all the worries of emerging markets staring down a repeat of the 2013 Taper Tantrum, policy makers in Asia should be considerably more calm

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