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Bloomberg Daybreak: Europe Edition
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The US President's Comments on China's Spy Balloon Floated Over the United States
The head of the Bank of France says the European Central Bank has completed most of its interest rate increases. The comments add caution to a heated debate at the ECB over the outlook for interest rates ahead of their next meeting in July. US President Joe Biden said his Chinese counterpart Xi Jinping was unaware that the alleged spy balloon had floated over the continental United States until it became an international incident. Meanwhile, the European Union has set out plans to align itself more closely with US policy on China.
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