The US stock market lows in the premarket after Trump said he would fire a governor of the Federal Reserve, a measure that fed investors’ concerns about the independence of the agency.
Global markets go back on Tuesday, with the attention placed on Wall Street after President of the United States, Donald Trumpannounce the dismissal of Lisa Cook of the Board of Directors of the Federal Reserve (Fed)alleging alleged irregularities in obtaining mortgage loans.
In Asia, the bags closed in red: Shanghai’s square dropped 0.39%, Hang Kong Hang Kong -1.18%and Japanese Nikkei 225 1.10%. In Europe, the trend is similar: The Stoxx euro falls 0.70%, while at the local level the German Dax accompanies 0.27%and the French CAC 1.47%.
Among commodities, oil falls strongly: with WTI (-1.64%) and the Brent (-1.45%) quoting around US $ S63.74 YU $ S67.79, respectively. While, Gold rises 0.18%with the ounce au $ s3.423 and Silver is sold AU $ S38.47, a decrease of 0.59%.
Volatility in Wall Street
In this context, the index Dow Jones de Industriales drops 0.13% in pre -opening; The S&P 500 loses 0.11% and Nasdaq 100 depreciates 0.11%.
At the business level, the main course of the week will be the publication of the Quarterly Nvidia Resultswhich will be informed on Wednesday after the market closure.
Meanwhile, this Tuesday will also know some macroeconomic indicators of the United States. Some of the most important are the requests for durable goods, the Redbook index of sales and the housing price index.
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NYSE
Follow the Trumpist pressure on the Fed
Trump He fired the governor of the Federal Reserve MondayLisa Cookin a marked climbing of his attempt to exercise a greater control over a historically independent institution. In a letter published on its social truth platform, he reported that the decision was due to the accusations of Mortgage fraud against the official.
The accusations had been launched last week by Bill pultedesignated by Trump at the head of the agency that regulates the mortgage giants Fannie Mae and Freddie Mac.
About said that Cook declared two main residences in 2021 – one in Ann Arbor, Michiganand another in Atlanta– To obtain better mortgage conditions, when rates are usually higher for second homes or properties for rent.
The announcement was known a few days after Cook ensured that would not leave his positionalthough Trump had previously claimed his resignation. The Fed Board is made up of seven membersso the presidential measure could have deep economic and political ramifications.
Source: Ambito
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