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This Article is From Jul 03, 2019

Lagarde's New Gig, Fed Nominees, Trade-War Tallies: Eco Day

Lagarde's New Gig, Fed Nominees, Trade-War Tallies: Eco Day

(Bloomberg) --

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

  • Christine Lagarde is set to take on a new venture as the first woman to run euro-area monetary policy, while her exit raises questions on why Europe always leads the IMF; the IMF chief could bring a whole different style of leadership
  • It's rate decision day in Sweden and Poland
  • Switzerland's standoff with the EU belies the country's deep economic dependence on the bloc
  • You're hired. President Donald Trump has picked two nominees to the Federal Reserve that hew to his preference for easier monetary policy
  • Winner-loser. Vietnam, which has been cited as a relative trade-war winner amid supply chain diversions, is now in Trump's crosshairs as the U.S. applies tariffs as high as 456.23% on imports from the Southeast Asian economy
  • Consolation prizes. The trade war is winning over some in a key Trump constituency in the U.S. who are receiving aid to offset tariff damage
  • Stale issues. India's first woman finance minister in almost five decades faces several challenges that have been around for at least that long
  • New era. The fresh junta-led coalition government in Thailand faces a critical test with legislation battles ahead

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, Tuhin Kar

©2019 Bloomberg L.P.

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