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Welcome to Tuesday, Europe. Here’s the latest news and analysis from Bloomberg Economics to help you start the day.
- European Central Bank policy makers have all the evidence they need to keep their ultra-loose monetary stimulus in place when they meet Thursday, thanks in part to their opposite numbers at the Federal Reserve
- As President Joe Biden pushes ahead with plans to spend trillions of dollars on infrastructure and the U.S. social safety net, White House advisers are counting on his personal touch with Congress to win over skeptics in both parties
- U.K. consumers opened their wallets in May as the economy continued to emerge from coronavirus restrictions. Meanwhile, the country’s hospitality industry warned it may lose 500,000 jobs when the government’s furlough program to support wages ends
- European businesses are increasing investment in China and moving supply chains onshore after China’s quick recovery from the pandemic made it an even more important source of growth…
