Stock Markets Today: EU, China, Wall Street warnings, Credit Suisse, Covid curbs – Bloomberg

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Bloomberg: Balance of Power focuses on the politics and policies being shaped by the agenda of President Biden’s administration.
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Good morning. Trade dispute between EU and China, tough new year ahead and Credit Suisse is going all out on rich clients. Here’s what people are talking about. 
The European Union will proceed with two cases against China at the World Trade Organization on Thursday after talks to resolve the issues with its largest trading partner failed to yield results. The cases relate to China’s restrictions on Lithuanian exports and Beijing’s coercive practices to limit patent holders from exercising their rights to protect their innovations before a court, said Valdis Dombroskis, the European Commission vice-president responsible for trade. The escalation in the trade dispute with China comes as the EU bloc is reassessing its relationship with the country, increasingly seen as a competitor and a rival on issues ranging from market openness to human rights.

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