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Stocks down with eyes on Mideast, dollar hit by Trump Fed comment
- Most global stocks fell and oil prices rose on June 26 as investors watched the Iran-Israel ceasefire and market fundamentals.
- This cautious market stance followed JPMorgan's warning that tariffs could slow US growth, raise inflation, and create a 40% recession risk.
- Meanwhile, Nvidia's shares surged over 4% to a record valuation near $3.76 trillion, leading the Nasdaq despite broader market weakness.
- Trump criticized Fed Chair Powell as "terrible," "average mentally," and with "low IQ for what he does," signaling intentions to replace him before May 2026.
- This political pressure increased speculation of a rate cut and a shadow Fed chair emerging before Powell's term ends, adding to dollar selling pressure.
44 Articles
44 Articles
Investing.com
The Economic TimesDollar hits fresh lows as Trump attacks threaten Fed credibility
Peso rises further as Fed independence concerns weigh on dollar - BusinessWorld Online
THE PESO rose further on Thursday as the dollar was weighed down by market concerns over the US Federal Reserve’s credibility after US President Donald J. Trump said he wants to replace Fed Chair Jerome H. Powell. The local unit closed at P56.605 versus the greenback on Thursday, appreciating by 10.6 centavos from its P56.711 finish on Wednesday, Bankers Association of the Philippines data showed. The peso opened the session stronger at P56.65 a…
InsideNoVA.com
Stocks mixed with eyes on Mideast, dollar hit by Trump Fed comment
Stocks were mixed Thursday and oil rose as traders kept a nervous eye on the Iran-Israel ceasefire, while the dollar dropped after Donald Trump said he had a handful of candidates to succeed Federal Reserve boss Jerome Powell, fuelling rate…
Stocks down with eyes on Middle East, dollar hit by Trump Fed comment
HONG KONG: Most stocks fell Thursday (June 26) and oil rose as traders kept a nervous eye on the Iran-Israel ceasefire, while the dollar dropped after Donald Trump said he had a handful of candidates to succeed Federal Reserve boss Jerome Powell, fuelling rate cut bets.
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