End of Easy Money, ECB Rate Hikes, China’s Covid Toll: Eco Day

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

• The global shift away from easy money is poised to accelerate as a pandemic bond-buying blitz by central banks swings into reverse
• An European Central Bank rate increase in July is possible but not “likely,” Vice President Luis de Guindos said
• Spain faces three significant challenges in coming years to its fiscal outlook, according to Bloomberg Economics: ECB, pensions, election
  • The Spanish government sent a second request to the European Commission to access funds earmarked for a post-pandemic recovery program
• Asia’s factories managed a fitful recovery in April that highlighted their economies’ resilience to the impact on global supply chains of China’s lockdowns and the war in Ukraine
  • European PMI data are due Monday morning
• China’s stringent lockdowns to curb Covid-19 infections are taking a significant toll on the economy and roiling global supply chains
• Finally, here’s what to look out for in the world economy this week

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