End of Easy Money, ECB Rate Hikes, China’s Covid Toll: Eco Day
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Welcome to Monday, Europe. Here's the latest news and analysis from Bloomberg Economics to help you start the day:
- The global shift away from easy money is poised to accelerate as a pandemic bond-buying blitz by central banks swings into reverse
- An European Central Bank rate increase in July is possible but not “likely,” Vice President Luis de Guindos said
- Spain faces three significant challenges in coming years to its fiscal outlook, according to Bloomberg Economics: ECB, pensions, election
- The Spanish government sent a second request to the European Commission to access funds earmarked for a post-pandemic recovery program
- Asia's factories managed a fitful recovery in April that highlighted their economies' resilience to the impact on global supply chains of China's lockdowns and the war in Ukraine
- European PMI data are due Monday morning
- China's stringent lockdowns to curb Covid-19 infections are taking a significant toll on the economy and roiling global supply chains
- Finally, here's what to look out for in the world economy this week
©2022 Bloomberg L.P.
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