Draghi Racing, Turkey Turmoil, Indonesia Rate Decision: Eco Day

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

• The race to replace Mario Draghi could become a bit clearer with the ECB’s next appointment
• iPhone ban. Erdogan’s boycotting U.S. electronics as a dispute with Trump heats up and amid the plunge in the lira
• Brace yourselves. Turkey’s just a test case for the real reckoning during the quantitative tightening to come
• Heat is on. Russia’s already feeling the suffering, with the Turkey-led turmoil adding to pressures, including U.S. sanctions
• And in Delhi. Rupee woes are mounting as India’s trade deficit widened in July to the biggest in more than five years
• Decision time. Indonesia’s interest-rate decision Wednesday afternoon in Jakarta is a close call, especially as the Turkey-led rout spreads
• Fire sale. U.S. farm-export prices dropped last month by the most in more than six years as trade tensions with China escalated
• Eastern European economies are starting to fade after a four-year-old boom, amid labor shortages and trade tensions
• Happy thought. After all that bad news, at least the smallest share of U.S. borrowers on record are falling into delinquency

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, Henry Hoenig

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