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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
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