The stock gain after Trump calmed independence fears

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Global stocks gathered on Wednesday after Donald Trump said he had no plans to shoot at Federal Reserve Speaker Jay Powell, which reduced concerns about the independence of the US Central Bank that shook the markets this week.

S&P futures increased by 2.3 percent before the New York Open Championship, while Shares It also gained.

The moves that were built in a recovery on Tuesday for the decline of Wall Street, which increased by 2.5 percent as Trump pointed to a possible reduction in commercial tensions with Beijing, saying that the customs tariff for Chinese goods “will drop significantly.”

The President also reiterated his repeated complaint that the Federal Reserve needs to reduce borrowing costs, but he added: “I do not want to talk about it because I have no intention to shoot (Powell).”

“The markets will welcome the vote of confidence (increasing), but the damage caused to the independence of the Federal Reserve has occurred,” Dario Perkins said, from TS Lombard consultations, in a note to the clients. “Trump wants price cuts, but his evil attacks on Powell made it difficult for the central bank to deliver it.”

The Broad Stoxx EUROPE 600 has increased by 1.7 percent in the morning on Wednesday, and the DAX index in Germany extends recent gains with a rise of 2.6 percent.

The US Treasury’s return for 10 years fell 0.06 percentage points to 4.33 percent, and continued to decrease the latter after sharp increases earlier this month. The bond returns are inversely transmitted to prices.

The US dollar has gained 0.2 percent against a basket of their peers, although the currency is still hovering around its lowest levels after more than 8.5 percent decreased this year so far.

Wednesday’s movements come after a volatile month for financial markets after the so -called “Tahrir Day” ads, which are called “Liberation Day”, which led to a sharp decline in American stocks. S&P 500 is still less than 10 percent so far this year despite its recovery this week.

Technology shares have been hit more difficult, as the nasdaq pointer has thrown more than 15 percent since the beginning of the year. The future NASDAC rose by 2.7 percent on Wednesday.

The markets were shook last week after Trump, who was a continuous critic of Powell, indicated that he believed that he could reject the Federal Reserve Chair before the end of his term in May 2026.

Salman Ahmed, the global president to allocate total assets and the allocation of strategic assets in Fidelity International, described the confrontation between the White House and FED as a “manifestation of basic tension” in the economy.

He said that Trump’s tariff policies had “pressured the double mandate” by increasing inflationary pressures with growth damage as well.

Ahmed said: “This tension will not disappear mainly until we know where the definitions will stabilize.” “The daily flow of news will lead to high fluctuations.”