Author: Kai Ryssdal, Sean McHenry

STORY: From Europe’s plans to increase defense spending to key U.S. inflation numbers, these are the stories to watch in business and finance in the coming week.:: Europe’s plans for defense spendingFaced with Russia’s war in Ukraine and fears of U.S. isolationism, European leaders have backed plans for more defense spending.The significance is not lost on markets. The euro and shares are surging; so are German bond yields as investors bet more spending means more borrowing.Suddenly, the U.S. lead in long-term trend growth is no longer a given and investors are re-rating European assets.:: The ‘R’ wordGlobal growth concerns have…

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