(Bloomberg) --
Welcome to Tuesday, Europe. Here's the latest news and analysis from Bloomberg Economics to help get your day started:
- Ceasefire here, firing up there: The U.S. has readied a fresh batch of potential tariffs, this time for $4 billion in EU goods; meanwhile, President Donald Trump says trade talks between the U.S. and China already have restarted
- Doves prevail. The Australian central bank just issued a second straight interest-rate cut for the first back-to-back easing in seven years; this adds more dovishness to the week after euro zone policy makers signaled stimulus is ahead
- Still stark. Bloomberg's global Trade Tracker shows just how hard it is for a Trump-Xi handshake to change much about the broader outlook, especially with a widespread PMI slump
- No bottom. Japanese inflation expectations haven't found a floor, with the latest Bank of Japan survey showing that firms see price growth slipping to 1% over three years
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
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