Chinese economy resilient against U.S. tariffs, but domestic demand weak and global trade risks loom. U.S. threatens 30% tariff on European goods, potentially disrupting transatlantic commerce. Tesla launches Model Y in India at $70,000. China’s commodity imports fluctuate, sensitive to prices. U.S. on track for record corn crop.

Nvidia plans to resume sales of H2O AI chips in China, stock rises 4%. Concerns over Chinese military use of AI chips. U.S. stock futures up after positive Wall Street close. Chinese GDP growth slows less than expected, economy expands by 5.2%. Mixed data with industrial production up, retail sales down.

U.S. inflation update crucial for Fed policy. Trump pressures Fed to cut rates by more than 3%. CPI expected to show core inflation at 3.0%. U.S. Treasury yields slip ahead of report. Japanese bond yields rise due to upcoming elections. U.S. banks set to report strong profits, aided by trading revenues.

Oil prices fall as Trump extends deadline for Russia to avoid sanctions. European stocks rise despite U.S. tariff threat. European Commission proposes tariffs on U.S. goods. German investor morale increases. Britain focuses on financial services initiatives. Bitcoin drops below $120,000 after hitting record high.

Read more at Yahoo Finance: CPI, banks and Nvidia, oh my!