Page 4 - Bund Summit News Today

The European Union has no intention of decoupling from China but needs to protect itself when its openness is abused, the blocs Executive Vice President Valdis Dombrovskis said, as both sides look to cool rising tensions over geopolitics and trade.

China’s role in the global supply chain will become even more crucial in the coming years, as it garners a bigger market share in intermediate products, says HKMA CEO Eddie Yue.

Some Western officials and media outlets continue to claim that China is “uninvestable” and that there is widespread “foreign capital flight” out of the country, but global businesses, including those from the West, continue to come to China in droves.

Spot gold rose 0.2% to $1 924.32 an ounce.

Spot gold fell 0.1% to $1 928.35 an ounce.

TODAY’S GAME PLAN: from the trading desk, this is not research DATA/HEADLINES 8:30ET Weekly Jobless Claims, Current Acct Balance, Philly Fed; 10:00ET Existing Home Sales, Leading Index; 1:00ET $15 Billion 10-Year TIPS Reopening Friday - China’s Bund Summit, Japan CPI, PMIs, Bank of Japan rate decision, Eurozone S&P Global Eurozone PMIs, US S&P Global Manufacturing

Valdis Dombrovskis makes his first trip to China as EU economics commissioner, a four-day tour of Beijing, Shanghai and Suzhou.

Bitcoin fell 0.3% to $27 111.61.

(Bloomberg) -- Asian stocks opened mixed, reflecting Wall Street’s cautious start to a week with rate decisions by major central banks that will likely set the tone for global markets for the rest of the year.Most Read from BloombergHow Auto Executives Misread the UAW Ahead of Historic StrikeVegas’ Newest Resort Is a $3.7 Billion Palace, 23 Years in the MakingDebris Spotted in Search for Missing US F-35 Fighter JetXi’s Missing Defense Chief Opens Door for US Military TalksTr...

Bitcoin rose 0.3% to $26 853.33.