What Poll Says on ECB, Trump's Warning, China Economy: Eco Day

(Bloomberg) --

Welcome to Thursday, Europe. Here’s the latest news and analysis from Bloomberg Economics to help get your day started:

• The European Central Bank will flag next month that it’s ready to reduce interest rates and then deliver a cut in September, economists predict
• Mr. Right or not. Andrew Bailey should be the perfect candidate to lead the Bank of England. But some of the very qualities that have marked him as a frontrunner to replace Mark Carney as governor may trip him up before he reaches the finish line
• Battle fronts. President Donald Trump said substantial additional U.S. tariffs would be placed on goods from China if there’s no progress on a trade deal after his planned meeting with Chinese counterpart Xi Jinping in Japan. He also said India’s recent increase in tariffs on U.S. goods is “unacceptable” and should be withdrawn
• Strong case. China’s economy continued to weaken in June, with the slowdown underscoring how important it will be for President Xi to push forward talks with Trump this week and avoid additional tariffs. Separately, China’s May industrial profits showed a surprise reprieve from downward pressure from the trade war, writes Qian Wan
• Domino effect. Singapore’s economic growth will probably be weaker than previously forecast as the U.S.-China trade war spreads to the technology sector, a central bank official said

To contact the reporter on this story: Jiyeun Lee in Hong Kong at jlee1029@bloomberg.net

To contact the editors responsible for this story: Malcolm Scott at mscott23@bloomberg.net, Karthikeyan Sundaram, Devidutta Tripathy

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