New Trade Talk, BOE Governor Search, Epic Era Closing: 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:

• Trade negotiators led by U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin will travel to Beijing next week, the White House said, as both sides work to reach a draft agreement by next month
• The People’s Bank of China offered $39.8 billion of targeted medium-term loans on Wednesday, a step that funnels money to some lenders while avoiding broad easing
• The U.K. formally kick-started its search for Mark Carney’s successor as governor of the Bank of England, which becomes available early in 2020
• The Swiss National Bank is walking a tightrope with its trove of foreign equities valued at an estimated 144 billion francs
• Turkish investors are revising down their pre-March expectations, Ziad Daoud found on a recent trip there
• President Donald Trump is unhappy that his pick for Fed chief Jerome Powell has raised interest rates. But he can’t do much about it. That doesn’t mean Trump isn’t trying
• As Japan’s epic three-decade Heisei era draws to a close, here’s a look at the economy through a period that opened near the zenith of a massive stock-price bubble, suffered a triple-trauma of earthquake, tsunami and nuclear meltdown, and witnessed creeping social change
• Investment and consumption waned in India, the latest high-frequency indicators show, putting a brake on growth in the world’s fastest-growing major economy
• Patience, bluster or escalation? Here’s how Iran might respond to Trump’s tightening of oil sanctions

To contact Bloomberg News staff for this story: Xiaoqing Pi in Beijing at xpi1@bloomberg.net

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

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