Malaysia Election Shock, EMs Under Fire, Japan Surplus: Eco Day

(Bloomberg) -- Good Thursday morning, Europe. Here’s news from Bloomberg Economics to help get your day started:

• Ex-PM Mahathir Mohamad scored a stunning victory in Malaysia’s election, defeating his former mentee, Prime Minister Najib Razak, and jolting markets as investors assess the economic outlook
• Decisions, decisions. Here’s a look at tough monetary policy decisions looming for emerging markets over the next couple of weeks
• India in focus. The South Asian giant is struggling with conflicting market actions to mitigate a global squeeze on emerging-market assets
• On hold. New Zealand’s central bank left interest rates at a record low, as expected, as inflation remains subdued
• Big money. Japan’s current-account surplus grew in March to its largest since 2007 thanks to companies bringing income home before the end of the fiscal year
• Material change. Commodities strength has bolstered Australia’s budget outlook, which could deliver a fiscal surplus by 2020
• Pricing peace. Denuclearizing North Korea could cost $2 trillion over a decade, Eurizon SLJ Capital Ltd. analysts project
• Spook data. The Central Intelligence Agency is looking to team up with industry experts to run a series of open-source intelligence projects using its Amazon cloud

To contact the reporter on this story: Michelle Jamrisko in Singapore at mjamrisko@bloomberg.net.

To contact the editors responsible for this story: Nasreen Seria at nseria@bloomberg.net, Karthikeyan Sundaram, Ashutosh Joshi

©2018 Bloomberg L.P.