US stock futures fell and the dollar weakened on concern over the Federal Reserve’s independence after Chair Jerome Powell said threats of a criminal indictment were a consequence of the central bank’s interest-rate policies.
Futures on the S&P 500 slipped as much as 0.6% after Powell said the Fed had been served grand jury subpoenas from the Justice Department threatening a criminal indictment over renovations of its headquarters. Gold gained as much as 2% to a record, while the Swiss franc, seen as a haven, strengthened as much as 0.5%. The threat of a criminal indictment by the Trump administration marks an escalation of the president’s feud with the Fed over the pace of rate cuts. Trump has long called for aggressive reductions while discussing the possibility of firing Powell. He has also sought to fire another governor at the central bank. Fed officials have signaled they need more economic data before deciding on further rate cuts, after a third consecutive quarter-point reduction last month. Morgan Stanley, Barclays and Citigroup all pushed back their forecasts of further easing to later in 2026 after monthly jobs data published Friday. Bloomberg’s dollar index dropped as much as 0.2% before trimming declines. The US currency fell the most against the Swiss franc, Swedish krona and New Zealand dollar. US Treasury futures were little changed in Asia after initially gaining on the news about the Fed. The benchmark 10-year yield ended virtually flat on Friday, when US jobs data left expectations for additional Fed rate cuts intact. Meanwhile, most Asian equities rose after the US payrolls numbers boosted American stocks on Friday, with the S&P 500 Index rising 0.6% to close a new record high. The employment data showed fewer workers were added to the economy than economists forecast, while the jobless rate edged down to 4.4%. Shares rose across the region with some of the biggest gains in Taiwan, China and Hong Kong. Japanese financial markets were shut Monday for a holiday, which means there will be no trading of cash US Treasuries in Asia. The stocks of China’s biggest food delivery firms jumped on optimism a regulator’s investigation will help put an end to a price war that’s been hurting their margins. Industry leader Meituan, which has been defending market share as its rivals expanded in the industry, surged as much as 8%. Alibaba Group Holding Ltd., the biggest challenger to Meituan, rise as much as 5.4% in Hong Kong, while JD.com Inc added as much as 2%. Oil held its biggest two-day gain since October, as escalating protests in Iran threatened supply from OPEC’s fourth-biggest producer. Brent climbed above $63 a barrel after jumping almost 6% over Thursday and Friday, while West Texas Intermediate was near $59. Trump said that the US is closely monitoring the protests in Iran and is mulling potential options as the Islamic Republic faces its third week of nationwide protests, the largest since 2022. Separately, the US Supreme Court on Friday failed to weigh in on Trump’s tariffs. The court’s next opinion day will be on Wednesday. Elsewhere, Group-of-Seven finance ministers meet in Washington to discuss rare earths Monday, while New York Fed President John Williams and Atlanta Fed President Raphael Bostic are set to speak.
Nikkei Closed Hang Seng +1.21% CSI +0.58% Shanghai +1.04% Shenzen +2%
Eur$ 1.1654 CNH 6.9711 CNY 6.9752 JPY 158.14 GBP 1.3417 CHF 0.7991 RUB 78.9930 TRY 43.1398 WTI$ 59.18 +0.07% Gold 4,567 +1.28% XAG 83.30 +3.50% BTC 92,066 +1.61% ETH 3,158 +1.27% SOL 142.75 +4.16%
S&P -0.56% Nasdaq -0.85% EuroStoxx 0.00% FTSE -0.12% Dax -0.07% SMI +0.02%
Macro :
- Bessent: Some Sanctions on Venezuela Could Lift Next Week: Rtrs
- Hedge Funds Turn More Bullish on Oil Amid Venezuela, Iran Unrest
- NASA, SpaceX Set Date For Medical Evacuation From ISS
- NASA, SpaceX Set Date For Medical Evacuation From ISS
- Senate Confirms Markup on Crypto Market Structure Bill
- *FCC APPROVES NEXT-GEN SATELLITE CONSTELLATION FOR SPACEX
- German Stockholders Want a Right to Invest Good Money After Bad
- Trump Says Credit Card Firms Would Break Law If Rates Not Capped
- Trump Says US is ‘Going to Have Greenland’ Despite NATO Response
- Goldman Sees Strong US Growth, Tame Inflation With Two Fed Cuts
- Former F1 Champ Nico Rosberg Raises $100 Million For VC Firm
Keep an eye on :
Keep an eye on :
- ABVX FP : Eli Lilly is still considering a takeover of the French biotech Abivax - La Lettre
- AKTS US : Eli Lilly-Backed Aktis Jumps 24% After $318 Million US IPO
- Altice : Billionaire Drahi Revives Sale of 50% Stake in OXG Glasfaser: FT
- ARGX BB : Argenx Prelim 4Q Vyvgart Sales About $1.29B, Est. $1.2B
- AZN LN : Walmart To Join Nasdaq 100 Jan 20 as AstraZeneca Exits
- AZN LN : Walmart To Join Nasdaq 100 Jan 20 as AstraZeneca Exits
- BAMI IM : ECB to Clear Credit Agricole Stake Increase in Banco BPM: Ansa
- CPRI US : Nike, Capri Should See Big EPS Lift From Duty Ruling: Bernstein
- CO FP : Casino Group Receives Consents From Creditors
- ACA FP : ECB to Clear Credit Agricole Stake Increase in Banco BPM: Ansa
- DTG GY : Infosys Risks Losing $150m/Yr as Daimler Seeks New Vendor: Mint
- DBK GY : Deutsche Bank’s $2.5 Billion India Retail Assets Draw Final Bids
- DTE GY : Macquarie’s Latest Data Center Bet is a Tiny German Startup
- Eikon Therapeutics IPO : Eikon Therapeutics Files for IPO Led By Merck Veterans
- EQT SS : EQT Life Sciences Exits Vivasure Via Sale to Haemonetics
- XOM US : Maduro’s Fall Defuses Border-Conflict Risk for Oil-Rich Guyana
- XOM US : Trump Says He’s Inclined to Exclude Exxon From Venezuela
- MAERSKB DC : Maersk Mulls Ethanol Use as Green Fuel to Rely Less on China: FT
- META US : Meta Shuts 550,000 Accounts on Australia’s Kids Social Media Ban
- 035420 KS : Naver : Naver Is Pitching Cloud Services to Middle East, SE Asia: FT
- NESN SW : Nestlé Hong Kong recalls another baby milk formula batch as tests get all clear - SCMP
- NESN SW :HK Says Nestlé to Recall Another Batch of Baby Formula (Jan. 10)
- NKE US : Nike, Capri Should See Big EPS Lift From Duty Ruling: Bernstein
- OPen AI : OpenAI, SoftBank Invest $1 Billion in Stargate Partner SB Energy
- ORCL US : Investor Michael Burry Reveals Options Bet Against Oracle
- ORSTED DC : Billions at Stake in the Ocean as Trump Throttles Offshore Wind Farms
- ONT LN : Oxford Nanopore Gets Diagnostic Device Approval in UK, Europe
- PIRC IM : Pirelli Likely to End Pact With Chinese Investor: Messaggero
- RIO LN : SEC Dismisses Action Against Rio Tinto Ex-CFO Guy Elliott
- 9984 JP : OpenAI, SoftBank Invest $1 Billion in Stargate Partner SB Energy
- RTX US : After Trump Attack, RTX Decides That Winning Move Is Not to Play
- SAN FP : Sanofi’s Teizeild Wins EU Approval for Type 1 Diabetes
- SCATC NO : Scatec Signs Egypt PPA for 1.95 GW Solar, 3.9 GWH BESS Capacity
- StarLink IPO : FCC approves SpaceX plan to deploy an additional 7,500 Starlink satellites https://t.co/z8XqemJI5M https
- STLA IM : Stellantis phasing out plug‑in hybrid auto programs in North America
- 4XO GY : Steyr Motors Signs Framework Contract, Launches China Production
- TTE FP : SOCAR and TotalEnergies discussed full-scale development of the field
- VK FP : Vallourec Wins ‘Significant’ Contract With Shell in Brazil
- Veradermics IPO : Hair-Restoration Pill Maker Veradermics Files for IPO in US
- VIRI FP : Viridien Sees FY Segment Revenue Above $1.15B
- WMT US : Walmart To Join Nasdaq 100 Jan 20 as AstraZeneca Exits
- WKL NA : Wolters Kluwer N.V.: Wolters Kluwer Buys Standardfusion