The dollar recouped some of Wednesday’s losses and Treasuries slipped after markets had a volatile session on speculation about the future of Federal Reserve Chair Jerome Powell. The greenback gained versus all its Group-of-10 peers, resuming this month’s advance. The yen weakened to 148.51 per dollar as some currency strategists predicted a possible slide past 150. Equity-index futures for the S&P 500 fell 0.2%, following a gain in the US stocks after President Donald Trump played down the prospect he may soon fire Powell. Treasuries dipped with yields on the 10-year rising two basis points to 4.47%. Asian stocks traded in a narrow range. The Aussie declined and government bonds fell as bets the central bank will cut rates in August firmed up. Speculation about Powell whipsawed US markets Wednesday before Trump’s clarifications soothed concerns. Trump wants lower interest rates, the cause of his unhappiness with Powell, just as New York Fed President John Williams defended the central bank’s restrictive stance saying it’s entirely appropriate. In tariff news, Trump dialed down his confrontational tone with China in an effort to secure a summit with counterpart Xi Jinping and a trade deal. Trump also said he would send letters to more than 150 countries notifying them of tariff rates and that the levies imposed could be 10% or 15%. Top bosses at some of Wall Street’s biggest banks emphasized the importance of an independent Fed. Bank of America Corp.’s Chief Executive Officer Brian Moynihan and Goldman Sachs Group Inc.’s David Solomon joined JPMorgan’s CEO Jamie Dimon in stressing how critical the Fed’s autonomy is. Moynihan said in an interview with Bloomberg TV on Wednesday that the Fed was “set up to be independent.” A Trump dismissal of Powell would be an underpriced risk that could trigger a selloff in the dollar and Treasuries, Deutsche Bank AG’s George Saravelos recently said. If Trump were to force Powell out, the subsequent 24 hours would probably see a drop of at least 3% to 4% in the trade-weighted dollar, as well as a 30 to 40 basis point fixed-income selloff, he said. US After Hours SRPT +35.4% higher on restructuring, pipeline prioritization plan; UAL -1.5%lower on earnings; MCRI +15.6%, SPFI +5.3%, AIR +3.7%, REXR +2.2% higher on earnings; STWD -3.3% makes large purchase, offering
Nikkei +0.31% Hang Seng +0.14% CSI +0.40% Shanghai +0.08% Shenzen +0.91%
Eur$ 1.1622 CNH 7.1811 CNY 7.1779 JPY 148.39 GBP 1.3395 CHF 0.8023 RUB 77.9761 TRY 40.2590 WTI$ 66.72 +0.50% Gold 3,338 -0.30% BTC 118,678 -1.10% ETH 3,377 -0.28%
S&P -0.04% Nasdaq +0.08% EuroStoxx +0.90% FTSE +0.55% Dax +0.79% SMI +1,06%
Macro :
- Strategists’ S&P 500 Index Estimates for Year-End 2025 (Table)
- FED BEIGE BOOK: ACTIVITY INCREASED SLIGHTLY FROM MAY TO JULY
- FDA TO REVOKE 52 FOOD REGULATION STANDARDS
- Bank of Ireland Revises Up Economic Outlook on Export Surge
- Slovakia Rejects EU Gas Deal, Vows to Block Russia Sanctions
Keep an eye on :
Keep an eye on :
- ABBN SW : ABB 2Q Operating Ebita Beats Estimates
- AEGN GA : Aegean Air to Serve India Market With Two A321 Neo XLR Aircraft
- AIR FP : Airbus to Provide Another $94 Million to Spirit AeroSystems
- AA US : Alcoa 2Q Adjusted Ebitda Beats Estimates
- AA US : Alcoa Says Trump’s Tariffs Added $115 Million in Aluminum Costs
- ASML NA : Roiled by Tariff Noise, ASML CEO Meets With Dutch Trade Minister
- ASSAB SS : Assa Abloy 2Q Organic Revenue Beats Estimates
- BA/ LN : BAE Says Drone-Fired Rocket Shows Path to Cheap Air Defense
- BAYN GY : Bayer Granted FDA Orphan Drug Status for Emodepside
- BA US : Trump’s Trade Deal Pushes Garuda to Learn to Love 737 Max Again
- BONAVA SS : Bonava 2Q Operating Profit SEK78M
- CAMX SS : Camurus 2Q Revenue Beats Estimates
- CLAB SS : Cloetta 2Q Operating Profit SEK188M
- COA LN : Coats to Acquire Ortholite at Initial Enterprise Value of $770MDKSH
- ATD CN : *SEVEN & I SHARES FALL 9% AFTER COUCHE-TARD WITHDRAWS OFFER
- DKSH SW : DKSH 1H Operating Profit Meets Estimates
- EQT SS : EQT 1H Adjusted Ebitda Beats Estimates
- ESSITYA SS : Essity 2Q Revenue Misses Estimates
- EVO SS : Evolution Maintains FY Ebitda Margin Forecast
- RF FP : Eurazeo Growth Fund Gets €650 Million in First Close
- FSKRS FH : Fiskars 2Q Revenue Misses Estimates
- GPI IM : KKR Said to Mull Acquisition of Health-Care Technology Firm GPI
- GXI GY : Gerresheimer Ends Talks With Private Equity on Takeover Offer
- GXI GY : Gerresheimer Ends Talks With Private Equity on Takeover Offer
- GSF NO : Grieg Seafood Sells Units to Cermaq for NOK10.2b: M&A Snapshot
- HNSA SS : Hansa Biopharma 2Q Net Revenue Misses Estimates
- IPN FP : Ipsen Granted FDA Orphan Drug Status for Elafibranor
- LR FP : Legrand Raises FY Sales Growth Guidance, Legrand Boosts FY Targets as AI Rush Fuels Data Center Demand
- EMG LN : Man Group to Buy Bardin Hill in US Private Credit Expansion
- MED SW : Medartis Sees KeriMedical Stake Purchase as Earnings Positive
- NCC LN : NCC Group Weighs Sale of Cybersecurity Arm: Sky
- NEX FP : US to Ban Any Chinese Technology in Submarine Cables, FT Says
- NEX FP : US to Ban Any Chinese Technology in Submarine Cables, FT Says
- ALCOX FP : Nicox, Kowa in Deal for Glaucoma Treatment NCX 470 Rights
- NDA FH : Nordea Earnings Meet Estimates as Lending Income Drop Continues
- NOVN SW : Novartis Raises 2025 Core Operating Income Guidance
- NOVN SW : Novartis Names Mukul Mehta as CFO From March 16, 2026
- PUB FP : Publicis FY Organic Revenue Forecast Beats Estimates
- PUIG SM : Puig 2Q Fragrances and Fashion Revenue Misses Estimates
- RATOB SS : Ratos 2Q Operating Profit From Continuing Ops Misses Estimates
- SAN FP : Sanofi Extends Blueprint Tender Offer to July 17
- SRPT US : Sarepta Slashes Workforce After Patient Deaths on Gene Therapy
- SCANFL FH : Scanfil 2Q Turnover Misses Estimates
- 3382 JP : Seven & i Bond Spreads Seen Narrowing After Takeover Bid Pulled
- SFSN SW : SFS 1H Sales CHF1.54B Vs. CHF1.54B Y/y
- UHR SW : Swatch 1H Operating Profit Misses Estimates
- SWEDA SS : Swedbank 2Q Net Income Beats Estimates
- TEL2B SS : Tele2 2Q Adjusted Ebitda Beats Estimates
- TEL NO : Viaplay Buys Telenor’s 50% Stake in Allente Group for SEK1.1b
- TSLA US : Brussels stalls probe into Elon Musk’s X amid US trade talks
- TSLA US : Tesla Readies a Six-Seat Version of Its Model Y SUV (Correct)
- 2330 TT : TSMC : TSMC Profit Surges Again After AI Drives Big Jump in Sales
- TGS NO : TGS 2Q Pretax Loss $44.7M, Est. Profit $16.2M
- TOM NO : Tomra 2Q Revenue EU325M
- UBI FP : Ubisoft Names Derennes, Guillemot as New Subsidiary Co-CEOs
-UCG IM : UniCredit May Ask to Postpone BPM Takeover Bid Deadline: Sole
- VERK FH : Verkkokauppa.com 2Q Revenue Beats Estimates
- VPLAYB SS : Viaplay 2Q Ebit SEK88M Vs. SEK7M Y/y
- VIRP FP : Virbac 2Q Organic Revenue at Constant FX, Scope +6.4%
- VOLCARB SS : Volvo Car 2Q Revenue Beats Estimates
- VOLVB SS : Volvo AB Earnings Beat Estimates on Firmer Europe Market
- WISE LN : Wise 1Q Volume Misses Estimates