Fading: The Bloomberg Open, Europe Edition

Good morning. China’s economy is already fading after a strong start to the year. UBS says a Fed rate hike is becoming more likely, as dollar strength sends emerging-market currencies tumbling. And Liz Truss tells the FT that she almost fired Andrew Bailey.

What’s Happening Now

China’s industrial production and retail sales both missed the mark in March, offsetting better-than-expected GDP in the first quarter. Home prices extended declines in March.

The EU will step up efforts to defend itself against unfair trade practices when leaders meet this week. A draft document highlights that the bloc faces increasingly ...