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

  • The U.K. housing market steadied in May as the delay to the nation’s Brexit process helped arrest a decline in new-buyer interest
  • It’s rate decision day in Switzerland -- here’s what to expect
  • President Donald Trump said he had no deadline for China to return to trade talks, other than the one in his head
  • The People’s Bank of China has offered up a peek behind the central bank’s curtain. Meantime, a surge in pork prices is having less of an effect on inflation than it once would have, helping the central bank keep policy supportive
  • U.S. Commerce Secretary Wilbur Ross said the Fed’s December rate hike was “at best premature” and urged it to reconsider whether that move was necessary. Meantime, a closely watched measure of U.S. inflation trailed forecasts in May
  • The Federal Reserve is being outgunned on Twitter by critic President Donald Trump even as it leads the way among central banks in embracing social media in a bid to better inform the public about its decision-making
  • A new survey shows confidence among U.S. executives continues to erode because of the trade war. That’s as the budget deficit ballooned to $738.6 billion in the first eight months of the fiscal year despite a revenue boost from tariffs
  • Australia’s jobless rate held above 5% in May despite a surge in hiring, underscoring the Reserve Bank’s challenge to drive down unemployment and stoke inflation
  • Investment is languishing in Thailand as political uncertainty continues to grip the coup-prone Southeast Asian nation
  • With Indonesia’s sovereign debt now rated the same by all three major credit-rating companies, authorities will need to look for new ways it can be improved

To contact the reporter on this story: Anirban Nag in Mumbai at anag8@bloomberg.net

To contact the editors responsible for this story: Nasreen Seria at nseria@bloomberg.net, Henry Hoenig

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