Wall Street in dispersed order before Jerome Powell’s speech

PARIS (Reuters) – Wall Street is expected in dispersed order. Moreover, European scholarships fell on Tuesday in mid -session, between commercial negotiations, fears around the independence of the Fed and business results. However,

Futures in New York indices report an opening of Wall Street with low increase. In addition, downward variations, the Dow Jones taking 0.01% while the Standard & Poor’s-500 The Nasdaq lose 0.10% and 0.24%. In addition,

In Paris, the CAC 40 lost 0.57% to 7,754.34 points around 10:12 GMT. Furthermore, In Frankfurt, the DAX decreases by 0.84% and in London, the FTSE 100 is stable.

The Eurostoxx 50 index is down 0.67%, the FTSEURofirst 300 fell 0.41%and the Stoxx 600 abandons 0.45%.

The president of the American Federal Reserve (Fed). Similarly, Jerome Powell, is due to give a speech on Tuesday that will be scrutinized by the wall street dispersed order before markets.

The monetary policy official is under fire of Donald Trump’s criticism who judges that he should greatly lower the rate where the leader prefers to give himself time to better understand the consequences on the rise in prices. the growth of the American president.

If he denied wanting to dismiss Jerome Powell before the end of his mandate in 2026. Donald Trump accentuates the pressure on the Fed.

US Treasury Secretary Scott Bessent said on Monday that Fed’s independence in monetary policy was threatened by its “mandate shift” in non -political areas. asked the Central Bank to carry out an exhaustive examination of these operations.

“Given the recent attacks on Powell. it seemed quite clear that the independence of central banks is questioned,” Rabobank analysts said in a note published on Tuesday

“Bessent’s criticism of the Fed’s ability to fulfill its basic mission, namely to ensure the wall street dispersed order before stability of the financial markets, regulate the banking system and conduct monetary policy, could suggest that Trump could bypass the question if he has legal authority to send Powell and ‘to make an Andrew Jackson’ by completely abolishing the Central Bank,” they added.

On the commercial front. negotiations continue between the United States and its business partners, including the European Union with the 27 who prepare reprisals.

The results season also continues, Coca-Cola for example, publishing his quarterly accounts before the opening of Wall Street.

The values to follow at Wall Street [L8N3TJ0AU]

Values in Europe

Investors react Tuesday to the numerous corporate results. publications on the old continent.

Sartorius Stedim Perds Ainsi 10.7%, Akzo Nobel 4,55% and Lindt & Spruengli 6,97%.

On the contrary, Julius Baer takes more than 2%.

In France, SEB lost 5.4% after a change in recommendation from Berenberg.

RATE

American returns wall street dispersed order before are stable on Tuesday.

The yield of Treasuries at ten years takes 1.8 base points at 4.3877 % that of the two years 1.1 pb at 3.863 %.

The yield of the German Bund at ten years lost 0.6 pb to 2.612% and that at two years 0.3 pb at 1.807%.

CHANGES

The dollar and euro are rather stable on Tuesday awaiting clarifications on trade relations between the two business partners.

In Asia, the yen advances 0.03% to 147.42 yen for a dollar.

The dollar loses 0.08% against a basket of reference currencies. The euro gains 0.11% at 1.1708dollar.

OIL

Oil prices are down on Tuesday, concerns about global growth with trade tensions weighing on black gold.

Brent barrel fell 0.95% to 68.54 dollars and that of American light crude (WTI) lost 1.04% to 66.5 dollars.

No major indicator at the July 22 agenda

The situation on the markets

(Some wall street dispersed order before data may accuse a slight offset)

(Written by Bertrand de Meyer, edited by Augustin Turpin)