Kiwis Cut, ECB’s Succession, China Trade, Krona Plunge: Eco Day
Welcome to Wednesday, Europe. Here’s the latest news and analysis from Bloomberg Economics to help get your day started:
- New Zealand’s central bank cut interest rates to a fresh record low and signaled the chance of one further reduction amid slowing global growth and weak inflation
- China’s exports fell in April and imports rose, before the abrupt turn in the trade talks that has led to a re-escalation of the dispute with the U.S.
- Here’s how those trade talks could play out
- The appointment of the next European Central Bank head could potentially be delayed until just weeks before President Mario Draghi’s term expires amid a swathe of top European Union vacancies
- German industrial output unexpectedly advanced for a second month in March, bolstering confidence that Europe’s largest economy may soon start climbing out of its rut
- Fed No. 2 Richard Clarida pushed back against speculation of an interest-rate cut to boost inflation to its 2% target
- A decade ago, Sweden did better than most as the global financial crisis ripped through markets everywhere. But its strength back then may actually be hurting it now
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