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Kiwis Cut, ECB’s Succession, China Trade, Krona Plunge: Eco Day

Kiwis Cut, ECB’s Succession, China Trade, Krona Plunge: Eco Day

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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

To contact the reporter on this story: Enda Curran in Hong Kong at ecurran8@bloomberg.net

To contact the editors responsible for this story: Jeffrey Black at jblack25@bloomberg.net, James Mayger

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