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

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