Global equities are up, led by technology shares, as investors watch for outcomes from the Trump–Xi summit.
- U.S. equity futures and European markets are higher after the S&P 500 and Nasdaq reached new record highs, driven largely by a tech rally led by Nvidia.
- Bitcoin is also trading higher.
- During the U.S. session, demand for tech stocks remains strong, while oil prices edge down amid reports that some shipping flows through the Strait of Hormuz have resumed.
Sources:
marketscreener.com,
lse.co.uk
The U.S. Senate has confirmed Kevin Warsh as the new chair of the Federal Reserve, replacing Jerome Powell.
- The confirmation vote was 54–45, with all Republicans and at least one Democrat in support.
- Critics, including Sen. Elizabeth Warren, warn that Warsh could give the White House greater influence over interest-rate policy.
Source: democracynow.org