Warm and Fuzzy, Draghi's Cards, Lagarde's Fears: Eco Day

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

• Bloomberg’s Tom Orlik looks at the economics of switching from fire and fury to warm and fuzzy as U.S President Donald Trump meets North Korean leader Kim Jong Un. In Seoul, the Bank of Korea expects a bigger role as the two Koreas come closer
• Meanwhile, Trump’s top economic adviser, Larry Kudlow, was “doing well” after suffering a "very mild heart attack," a White House spokeswoman said
• Whatever Mario Draghi says about the European Central Bank’s bond-buying program this week, he’s not likely to provide much more clarity about his plans for interest rates
• IMF Managing Director Christine Lagarde said the risks to the global economy are rising as major industrial nations sharpen threats of a trade war
• Brazil’s 2018 growth forecasts fell to the lowest since May 2016 and inflation estimates rose for the fourth straight week as economists accounted for the impact of a nationwide trucker strike that paralyzed the nation
• Australia’s east-coast property bubble is showing signs of deflating at a faster clip as home-lending data recorded the longest losing streak in almost a decade

To contact the reporter on this story: Enda Curran in Hong Kong at ecurran8@bloomberg.net

To contact the editors responsible for this story: Malcolm Scott at mscott23@bloomberg.net, Brett Miller

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