New York future rates operate on the rise on Thursday, after report by The Wall Street Journal indicates that US President Donald Trump is considering naming the next Federal President reserve between September and October-which reinforced an early cut in interest rates by the Central Bank.
The possible substitution would occur well before the end of the current mandate of Jerome Powellscheduled for May 2026, breaking the tradition of a closer transition, usually made three or four months before the end of the term.
Trump has been a constant Powell critic for his resistance to cutting interest, classifying him as “terrible” in his latest statement on Wednesday, which raised the concern of the markets about the independence of the Fed. Earlier this month, the president even publicly considered Powell’s resignation and, in a provocative tone, considered taking his own command of the Central Bank-an idea of which he eventually recovered.
United States
The main highlight for Wall Street at the end of the week will be the disclosure, on Friday, of the Personal Consumer Expenses Index (PCE), a preferred inflation indicator by the Federal Reserve. Prior to that, investors are keeping an eye on the weekly data on unemployment allowances, whose disclosure is scheduled for Thursday at 9:30 am.
See the performance of future markets:
- Dow Jones Future: +0.26%
- S&P 500 Future: +0.35%
- NASDAQ FUTURE: +0.49%
Asia-Pacific
Asia-Pacific markets closed mixed on Thursday, especially Japanese actions, which reached a maximum of 5 months, while investors continued to evaluate the ongoing ceasefire between Israel and Iran.
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- Shanghai Se (China), -0.22%
- Nikkei (Japan): +1.65%
- Hang Seng Index (Hong Kong): -0.61%
- Kospini (South Korea): -0.92%
- ASX 200 (Australia): -0.10%
Europe
European markets operate on the rise, while the sterling pound has strengthened the US dollar and reached $ 1.3735, its highest level since October 2021.
- Stoxx 600: +0.14%
- DAX (Germany): +0.56%
- FTSE 100 (UK): +0.07%
- CAC 40 (France): +0.08%
- FTSE MIB (Italy): +0.03%
Commodities
Petroleum prices advanced slightly, extending the earnings of the previous session, after a drop in US Gross Oil Inventories above expected to indicate heated demand. Still, investors maintain caution in the face of ceasefire between Iran and Israel and uncertainties about stability in the Middle East.
Iron ore quotations in China closed on the rise, with weakness of the US dollar and hopes of Beijing’s stimulus.
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- WTI oil, +0.05%, at $ 64.95 the barrel
- Brent oil, +0.01%, at US $ 67.69 the barrel
- Iron ore negotiated on the Dalian Stock Exchange, +0.64%, to 705.50 Iuanes (US $ 98.30)
Bitcoin
- Bitcoin (BTC), +0.13% to US $ 107,919.93 (in relation to the quotation of 24 hours ago)
(With Reuters and Bloomberg)