London CNN Business —  

1. Paris Air Show: All eyes are on Boeing as the Paris Air Show kicks off Monday.

Policing the contents of packages “is a virtually impossible task, logistically, economically, and in many cases, legally,” the company said.

The lawsuit comes after FedEx mishandled deliveries for Chinese smartphone and telecom equipment company Huawei.

Beijing launched an investigation into FedEx as a result — a warning sign for multinational companies as the trade fight between the United States and China drags on.

China is in the process of drawing up a blacklist of foreign companies, individuals and organizations. Investors are worried FedEx will be included.

The show is typically an opportunity for Boeing (BA) and Airbus (EADSF) to announce orders for hundreds of aircraft. That will be harder this year for the US jetmaker, which has halted deliveries of its 737 Max following two deadly crashes.

2. Tariff hearings begin: Companies and trade groups are about to get their say on the wisdom of US tariffs on an additional $300 billion worth of Chinese exports.

Markets are certain that the Fed will soon cut rates. But the magnitude and timing of the cuts remains unclear, which means Powell’s comments on the economy and monetary policy will be closely scrutinized.

The central bank held rates at its meeting last week but left the door open for a move lower in July.

Wall Street’s expectation could box in the central bank.

Failing to cut rates would create a “hawkish shock” in financial markets that could send the S&P 500 plunging 7%, boost the US dollar and roil the bond market, Goldman Sachs has predicted.

3. Markets rise: Global stocks are starting off the week on a positive note.

President Donald Trump on Monday announced new sanctions on Iran, with the punitive measures set to target the country’s supreme leader, military officials and its top diplomat.

The Dow is set to fall 30 points, or 0.1%, when markets open. The S&P 500 is tracking down 0.2% and the Nasdaq could drop 0.3%.

European markets opened lower, following a day of negative trading in Asia.

Britain’s FTSE 100 fell 0.3% in early trading, while France’s CAC 40 dipped 0.2% and Germany’s DAX fell 0.1%. Shares of French digital consulting firm Capgemini (CAPMF) jumped roughly 7% after the company said it would buy competitor Altran for €3.6 billion ($4.1 billion).

In Asia, Hong Kong’s Hang Seng climbed 0.4% and the Shanghai Composite gained 0.2%. Japan’s Nikkei was flat. In Europe, Britain’s FTSE 100 jumped 0.2% in early trading, while France’s CAC 40 inched up 0.1%.

The Dow and the S&P 500 both closed down 2.1% on Monday. The Nasdaq dropped 2.3%. The small-cap Russell 2000 tumbled into a bear market.

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4. Coming this week:
Monday: Paris Air Show, US Treasury foreign ownership report
Tuesday: Adobe earnings, US housing starts, US Senate hearing on tariffs
Wednesday: Fed decision and press conference, earnings from Oracle (ORCL) and Barnes & Noble (BKS)
Thursday: US leading indicators, Bank of England rate decision, earnings from Kroger (KR) and Red Hat (RHT)
Friday: US existing home sales, Markit flash US manufacturing PMI