Stocks fell with US Treasuries as Donald Trump’s administration prepared for the president to nominate Kevin Warsh to be the next Federal Reserve chair, a choice viewed as more hawkish than other contenders. Gold slid and the dollar gained as a person familiar with the matter said Warsh, one of the four finalists on Trump’s shortlist to be the next central bank leader, visited the White House on Thursday. Still, the selection isn’t final until the president makes an announcement, said a number of people, who requested anonymity to discuss matters not yet public. Earlier, Trump said he plans to announce his pick Friday morning. MSCI’s Asian share benchmark slipped 0.6%, and equity-index futures for the US fell 0.3%. Treasury 10-year yields climbed four basis points, gold dropped 3% and Bitcoin led a selloff in cryptocurrencies. The market moves suggest traders are increasingly pricing in Warsh as the next Fed chief by scaling back their expectations for policy easing. The announcement expected Friday will end months of speculation over who will lead the central bank, after Trump and his administration repeatedly criticized Fed Chair Jerome Powell for not cutting interest rates. Trump was earlier said to be considering four candidates on his shortlist: National Economic Council Director Kevin Hassett, Fed Governor Christopher Waller, Warsh and BlackRock Inc. executive Rick Rieder. The president teased his impending announcement without giving the name away, saying the choice wouldn’t be too surprising and will be someone known to “everyone” in the financial world. Questions will now rise around Warsh’s policy direction. Once known to be more on the hawkish side, he now faces pressure from Trump’s push for lower rates. In recent months, Warsh has aligned himself with the president by arguing publicly for lower borrowing costs, going against his longstanding reputation as an inflation hawk. Powell’s term as Fed chair ends in May. The Trump administration is preparing for the president to nominate Kevin Warsh to be the next Federal Reserve chair, according to people familiar with the matter. Bloomberg’s Mike McKee reports on the latest. Betting odds had been increasingly favoring Warsh, seen as a more hawkish contender, with Polymarket showing his chance of becoming the next Fed chair rising above 80% on Friday, as support faded for Rieder. Trump has openly sought to shape the Fed’s rate policy through his appointments in an effort to find someone broadly acceptable to markets who’ll also share his inclination to cut rates further and faster. Elsewhere, Bitcoin slumped to fresh two-month lows as sentiment continues to sour around the largest cryptocurrency and investors pull money out of exchange-traded funds for the token. Also, Trump and Senate Democrats have reached a tentative deal to avert a disruptive US government shutdown as the White House continues to negotiate with Democrats on placing new limits on immigration raids that have provoked a national outcry. US After Hours SNDK +14.2%, DECK +12.7%, AAPL +1.1% higher on earnings; TSLA +3% on Bloomberg report that SpaceX is considering a merger with Tesla as well as an alternative combination with xAI; USAR +3.8% on insider buy.
Nikkei -0.10% Hang Seng -1.90% CSI -0.82% Shanghai -0.87% Shenzen -0.63%
Eur$ 1.1956 CNH 6.9502 CNY 6.9521 JPY 153.03 GBP 1.3796 CHF 0.7666 RUB 75.2787 TRY 43.4061 WTI$ 65.41 -1.71% Gold 5,333 -3.02% BTC 83,247 - 2.54% ETH 2,757 -2.53%
S&P -0.67% Nasdaq -0.81% EuroStoxx +0.46% FTSE +0.04% Dax +0.51% SMI +0.14%
Macro :
- Trump’s Options for Iran Strike Grow Even With Goals Unclear
- Trump Warns UK on ‘Dangerous’ Moves After Xi-Starmer Talks
- US Issues License for Oil Companies to Work in Venezuela
- US Issues License for Oil Companies to Work in Venezuela
- US Approves Possible $1.7b Foreign Military Sale to Spain
- Bitcoin Slide Below $85,000 Leads to $1 Billion in Liquidations
- Ryan Reynolds’ Wrexham Tied Up in Collapse of FX Broker Argentex
- One in 10 Cars Sold in Europe Is Now Made by a Chinese Brand
- London Stocks Shunned as UK Pensions Pile Into Private Firms
- LME Trading Glitch Caps Wild Week for Global Metals Traders (3)
Keep an eye on :
Keep an eye on :
- ADS GY : Adidas Prelim 4Q Operating Profit Beats Estimates, Adidas Results, Buyback Viewed as ‘Encouraging
- AAF LN : Airtel Africa 3Q Adjusted Ebitda $836M Vs. $594M Y/y
- ATRLJB SS : Atrium Ljungberg 4Q Rental Income Beats Estimates
- AMZN US : Amazon in Talks to Invest $50 Billion in OpenAI, Expand Ties
- AAPL US : Apple Buys Q.AI at Close to $2b Valuation: Financial Times
- AAPL US : Apple Jumps After Revenue, EPS Beat Estimates; Apple’s Upbeat Forecast Clouded by Fears About Rising Costs
- AZN LN : AstraZeneca, CSPC Pharmaceutical Sign Pact on Peptide Medicines
- ATE FP : Alten 4Q Revenue Matches Estimates
- AOF GY : Atoss Software Sees 2026 Ebit Margin at Least 32%
- AVIO IM : Avio Raises 2025 Guidance on Backlog and Revenue
- BTG GY : Bertelsmann Is Said to Consider Buying Concord Music
- BILL SS : Billerud 4Q Adjusted Ebitda Misses Estimates
- BMAX SS : Byggmax FY Dividend per Share Beats Estimates
- CBK SM : CaixaBank 4Q Net Income Beats Estimates, CaixaBank Raises 2025-2027 Targets
- 1 HK : Panama Strikes Down CK Hutchison Port Contract, Shares Slide
- DECK US : Deckers Outdoor Rises on Higher Fiscal Year Net Sales Forecasts
- DVN US : Coterra, Devon Are Said to Be in Advanced Talks on Combination
- ELIS FP : Elis Organic Growth Solid, Limited Estimate Changes
- EMN US : Eastman Chemical 4Q Sales Revenue Miss Estimates
- SATS US : SpaceX-xAI merger 'not what EchoStar investors signed up for', TD Cowen says
- ELUXB SS : Electrolux 4Q Operating Profit Beats Estimates
- ELIS FP : Elis 4Q Organic Revenue Beats Estimates
- ELISA FH : Elisa 4Q Comparable Ebitda Meets Estimates
- LIFE US : Sequoia-Backed Ethos Technologies Shares Sink 18% in US IPO
- ENX FP : Euronext Completes €250M Share Repurchase Program
- ENX FP : Euronext Completes €250M Share Repurchase Program
- ETL FP : Eutelsat Won’t Proceed With Infrastructure Assets Sale to EQT
- GME US : GameStop CEO Says He Is Eyeing Major Public Company Acquisition -- WSJ
- GOOGL US : Waymo to Start Pick-Ups, Drop-Offs Near SFO Airport
- HAL NA : HAL Holding to Propose Cash Dividend of €3.50/SHR
- HIG US : Hartford Insurance Group 4Q Book Value/Shr Misses Estimates
- 6305 JP : Hitachi Is Said to Seek Buyer for $1.3 Billion Data-Storage Unit
- HOLX US : Hologic 1Q Adjusted EPS Misses Estimates
- LIFCOB SS : Lifco 4Q Net Sales Meet Estimates
- MDM FP : Maisons du Monde 4Q Sales Miss Estimates
- MBG GY : Mercedes Seeks to Regain China Luxury Lead With S-Class Revamp
- MBG GY : Mercedes-Benz boss says Howard Lutnick urged carmaker to move its HQ to US - FT
- META US : US Has Investigated Claims WhatsApp Chats Aren’t Private
- NDX1 GY : Nordex Holder SKion Offers About 7m Shares: Terms
- NOVOB DC : Novo Nordisk Obesity Pill Spurs Rebound From Stock’s Worst Year
- NVDA US : Nvidia Worked to ‘Co-Design’ DeepSeek Model, US Lawmaker Says
- ORIT LN : UK’s Octopus Energy Announces China JV With PCG Power
- Open AI : OpenAI Queried by Warren on Spending Plans, Bailout Requests
- Open AI : OpenAI Plans Fourth Quarter IPO in Race to Beat Anthropic to Market -- WSJ
- PCG US : PG&E CEO Sees Data Center Demand Paying for Grid Upgrades
- PINE LN : Pinewood Tech in Talks With Apax on 500p/Share Possible Offer
- PIRC IM : Pirelli’s Chinese Investor Shuns Blind Trust Option for Stake
- RBI AV : Raiffeisen FY Dividend per Share Beats Estimates
- REC IM : Moderna Partners With Recordati To Advance PA Therapy
- RIO LN : Chinalco and Miner Rio Tinto Buy Brazilian Aluminum Firm CBA
- SAF FP : Safran to Expand Le Creusot Site for Rafale, 777 Engines
- 006400 KS : Samsung SDI Says It Signs Battery Supply Contract
- SNDK US : Kioxia Shares Surge After Extending Sandisk Flash Memory Venture
- SCATC NO : Scatec 4Q Consolidated Ebitda Misses Estimates
- LIGHT NA : Signify 4Q Comp. Sales Miss Estimates, Starts Strategic Review
- SKFB SS : SKF 4Q Adjusted Operating Profit Meets Estimates
- Space X : Elon Musk’s SpaceX Is Said to Consider Merger With Tesla or xAI
- SpyGlass IPO : Eye Care-Focused Firm SpyGlass Seeks $159.4 Million in US IPO
- STAN LN : Standard Chartered CEO Says Bank Will Never Move HQ to Asia
' SRAD LN : Stelrad Group Sees Earnings in Line With Market Expectations
- UHR SW : Swatch FY Operating Profit Misses Estimates
- TEF SM : Telefonica Chile to Vote on CLP168B Onnet Stake Sale
- V US : Visa 1Q Adjusted EPS Beats Estimates: Snapshot
- WBD US : Filmmakers, Small Theaters Urge States to Block Warner Sale
- WDP BB : WDP Sees 2030 Adjusted EPS at Least EU2