(Bloomberg) Chinese businesses from electric vehicles to infrastructure have much at stake from President Xi Jinping’s visit to Europe this week as trade tensions simmer. Most Read from BloombergIsrael Says a Cease-Fire Plan Backed by Hamas Falls ShortJack Dorsey Leaves Bluesky Board, Calls X ‘Freedom Technology’At $2 Million Per Minute, Treasuries Mint Cash Like Never BeforeEx-Trump Controller Says Cohen Repaid From Personal AccountS&P 500 Extends Gains in Final Minutes of Trading: Markets W
Europe faces a dilemma over China trade tariffs as investment and export needs weigh against cheap EV fears fortune.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fortune.com Daily Mail and Mail on Sunday newspapers.
Xi s Big Adventure To Keep Europe Open And Onside menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
A higher-than-expected consumer price inflation (CPI) print for March in the US has dashed hopes of an interest rate cut by the US Federal Reserve (US Fed) in June.
Analysts now expect the US central bank to start cutting rates in September, provided inflation remains in check and oil prices remain supportive.
The markets, analysts believe, partially factored in this possibility.