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

  • The U.S. is weighing blacklisting up to five Chinese surveillance firms, widening its efforts to cut off supplies of technology to Chinese companies. Meanwhile China’s Xi Jinping called for a new "Long March" as the dispute worsens
  • Fed minutes are published today, here’s what to expect
  • U.S. policy makers may have “slightly overdone it” by hiking in December, though it’s premature to talk about a rate cut, said Federal Reserve Bank of St. Louis President James Bullard
    • If you thought the Fed was done with quantitative easing, you might only be half right
  • Poland’s central bank is throwing its weight behind the government’s bid to keep the country out of the euro
  • Turkey is paying the price for its pre-election efforts to tinker with markets, with the economy starved of investment, fueling demand for foreign currency among households and businesses and further undermining the lira
  • Japanese exports fell for a fifth straight month in April, offering the latest sign that China’s slowdown and its trade conflict with the U.S. are continuing to weigh on Japan’s economy
  • India’s economy showed nascent signs of a recovery in April as a general election got underway, helping to somewhat lift the political uncertainty holding back investments
  • China’s currency is showing a striking change in trading behavior -- it’s now trading more like a riskier currency, says Yuki Masujima
  • How channeling the Ivy League helped a Maori tribe earn $1.3 billion
  • Finally, ten years after the financial crisis, economists and investors are questioning all of their old assumptions

To contact Bloomberg News staff for this story: James Mayger in Beijing at jmayger@bloomberg.net

To contact the editors responsible for this story: Jeffrey Black at jblack25@bloomberg.net, James Mayger

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