(Bloomberg) -- Welcome to Tuesday, Asia. Here’s the latest news and analysis from Bloomberg Economics to help get your day started:
- China’s holdings of Treasury securities rose for a third month amid signs its trade war with the U.S. could be coming to a conclusion. China’s economy likely stabilized in the first quarter, but a closer look will be needed to tell whether that’s temporary or the start of a rebound. The central bank has shifted tone on the economy and started re-emphasizing it will control excessive money supply
- The U.S. may need to cut interest rates if inflation falls, said Chicago Fed President Charles Evans, a sentiment broadly echoed by former Treasury Secretary Lawrence Summers. Deutsche Bank (DE:DBKGn) reckons the U.S. expansion will extend well past the 2020 election. And it turns out most Americans didn’t even notice President Trump’s tax cut
- Diplomatic efforts to end a global trade war are expanding to multiple fronts as the EU and Japan begin talks soon with the Trump administration just as the U.S. looks to seal a deal with China
- Francois Villeroy de Galhau, the ECB Governing Council member who pressed hardest for a review of negative interest-rate policy, acknowledged that the benefits still outweigh the drawbacks
- Policy makers should give the same priority to reducing inequality as they do to boosting growth, the World Bank’s chief economist says
- Japan needs a vision for eventually unwinding its massive asset purchases if it eases policy further, a former BOJ official says
- India cut its trade deficit with China by the most in over a decade, according to people familiar with the data, as it boosted exports amid a Beijing-Washington trade war
- Paris’s Notre Dame cathedral took more than 200 years to build and just a few hours to burn. Here’s a look at the treasures that could be lost forever in the inferno