New York future rates operate on Wednesday after US President Donald Trump said he “has no intention” of dismissing Federal Reserve President Jerome Powell, relieving fears that Central Bank independence is threatened.
On Tuesday, in an interview with the Oval Hall, Trump said he “never had” the intention of dismissing Jerome Powell, although he reiterated his desire for the Fed President to cut interest rates. “I would like to see him be a little more active about his idea of reducing interest rates,” said the president. “This is the perfect time to lower interest rates.”
The comment marks a change of stance by the president, who had harshly criticized Powell on Monday, calling him a “big loser” and requiring a reduction in interest rates.
United States
In the corporate field, Tesla released its quarterly results after the closing of the market on Tuesday. Although the electric vehicle manufacturer did not exceed Wall Street estimates, his actions went up after CEO Elon Musk announced that he would “significantly” the time dedicated to Doge.
This Wednesday, the corporate results season continues to release the figures of companies such as Boeing, Chipotle, IBM and AT&T.
See the performance of future markets:
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- Dow Jones Future: +1.57%
- S&P 500 Future: +2.01%
- NASDAQ FUTURE: +2.36%
Asia-Pacific
Asia-Pacific markets have closed mostly high due to the optimism that commercial tensions between US and China could decrease. This happened after Trump indicated that the final rates on Chinese exports to the US ”will not even be close to 145%. However, he added that the rates “will not be 0%.”
Meanwhile, Treasury Secretary Scott Bessent has implied the possibility of a “broken” in Trump’s trade war with China. “No one thinks the current status quo is sustainable,” Bessent said when talking to a group of investors on Tuesday.
- Shanghai Se (China), -0.10%
- Nikkei (Japan): +1.89%
- Hang Seng Index (Hong Kong): +2.37%
- Kospini (South Korea): +1.57%
- ASX 200 (Australia): +1.33%
Europe
European markets operate on the rise, with the recovery of global optimism amid reducing concerns with a trade war between the US and China.
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On the corporate side, the German SAP Software Giant recorded a 58% increase in the annual currency operating profit in the first quarter of 2025, with an increase of 11% in revenue. The company’s results exceeded expectations.
- Stoxx 600: +1.82%
- DAX (Germany): +2.63%
- FTSE 100 (UK): +1.54%
- CAC 40 (France): +2.10%
- FTSE MIB (Italy): +1.21%
Commodities
Oil prices rise, expanding the earnings of the previous day, while investors evaluated a new round of sanctions to Iran, a drop in Donald Trump’s gross oil and a softer tone in relation to the Fed.
Iron ore quotations in China closed near the maximum of three weeks due to seasonal demand and hope for commercial negotiations between US and China.
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- WTI oil, +1.30%, at $ 64.50 the barrel
- Brent oil, +1.23%, at $ 68.27 the barrel
- Iron ore negotiated on the Dalian Stock Exchange, +2.11%, to 727.5 iuanes (US $ 99.49)
Bitcoin
- Bitcoin (BTC), +2.99% to US $ 94,218.37 (compared to the 24 -hour quote)
(With Reuters and Bloomberg)
