Trump's Trade Demands, China's Slowdown, BOE's Gold: Eco Day
(Bloomberg) -- Welcome to Tuesday, Europe. Here’s the latest news and analysis from Bloomberg Economics to help get your day started:
- The Trump administration will press China to show it can live up to its promises in trade talks this week, says Treasury Secretary Steven Mnuchin.
- Those talks come as China’s economy slowed for an eighth straight month as weaker global demand and decelerating factory inflation undercut growth, early data show
- In Europe, Mario Draghi said that while the euro area is looking bleaker than anticipated, it’s not bad enough to warrant additional monetary support
- Hungary’s central bank is on the verge of abandoning ultra-loose monetary policy just as its peers are putting the brakes on tightening
- The U.K. government said it is up to the Bank of England to decide what to do with the “significant amount” of gold it is holding under contract for the embattled Venezuelan regime of Nicolas Maduro
- Meanwhile, pressure is building on India’s central bank to pay part of its profits to the government to fund spending before a crucial election
- On those fluctuating oil prices, Bloomberg Economics examines how central banks respond to oil shocks
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