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Squawk Box anchors discuss the U.S. Federal Reserve's dovish interest rate hold for June but the central bank signals more cuts could be on the way, as Chairman Jerome Powell flags concerns about the health of the U.S. economy. The decision boosts U.S. equity markets while the 10-year treasury bill slides below 2 per cent for the first time in three years. Renewed positivity regarding a U.S.-China trade deal boosts Chinese markets and we speak exclusively to Huawei CEO Ren Zhengfei who has shrugged off concerns of a U.S. ban on his company. We are live in front of the Bank of England, as the BOE is also widely expected to hold rates later today while reaffirming the potential for a hike in the coming months. And in Brussels, European Council President Donald Tusk says he is hopeful of an imminent summit decision on who will fill the bloc’s leadership positions.