(Bloomberg) -- Go inside the global economy with Stephanie Flanders in her new podcast, Stephanomics. Subscribe via Pocket Cast or iTunes.

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

  • European industry is in trouble and there’s a risk it will infect other parts of the economy and deepen the region’s slowdown
  • Is Brexit Britain ready to hear some uncomfortable economic truths from another foreign governor?
  • The Swiss National Bank is again at the mercy of its bigger neighbors and will have to lean in a more dovish direction
  • Meanwhile, the dovish turn by global central banks could tempt Turkey to follow suit
  • China’s inflation pressure continued rising in May, as supply shocks pushed up food costs
  • Chief economists at two Wall Street houses are questioning the conventional wisdom that the Fed is about to start cutting rates
  • Xi Jinping’s response to Trump’s latest ultimatum could have far-reaching consequences for his political future, while Trump now says he’s personally holding up their trade deal
  • Central banks increased their holdings of equities beyond $1 trillion last year as they sought to diversify their reserves
  • Trump told reporters that he reached a secret pact with Mexico -- despite the country’s insistence to the contrary

To contact the reporter on this story: Anirban Nag in Mumbai at anag8@bloomberg.net

To contact the editors responsible for this story: Nasreen Seria at nseria@bloomberg.net, Chris Bourke

©2019 Bloomberg L.P.

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