
US Market Open: DXY hit on reports that Trump may name Powell successor early, US equity futures gain slightly into data
26.06.2025
0:00
3:43
- US President Trump may accelerate the announcement of a successor to Fed Chair Powell, according to WSJ sources.
- Chinese state planner official said with policy implementation and introduction, "we are confident and capable of minimising the adverse impacts from external shock", according to Reuters.
- Micron (MU) said there may have been some tariff-related pull-ins by certain customers; customer inventory levels have been healthy overall across end markets.
- European & US indices trade modestly higher, ES +0.3%; Shell has “no intention” of making an offer for BP.
- DXY hammered amid reports Trump is to name a Powell successor early; a report which has also weighed on US yields.
- Crude trims initial gains, metals glean strength from the dovish Fed source report, USD weakness and Chinese commentary.
- Looking ahead, US Durable Goods, GDP Final (Q1), PCE (Q1), Jobless Claims, National Activity Index, Advance Goods Trade Balance, Wholesale Inventories, Banxico Policy Announcement, ECB’s de Guindos, Schnabel, Lagarde; BoE’s Bailey; Fed’s Daly, Barkin, Hammack, Barr, Kashkari, Supply from the US, Earnings from Walgreens, Nike.
Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk
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