Global equity markets reached fresh highs as Middle East tensions stabilized and Kevin Warsh was confirmed as the new Fed Chair. Despite a significant upside surprise in US producer prices, bond markets remained relatively steady while the USD and AUD showed strength.
Key Takeaways
- 1.Kevin Warsh confirmed as Federal Reserve Chair in a record narrow 54-45 Senate vote.
- 2.US equity markets reached new highs, supported by positive sentiment surrounding President Trump's China visit.
- 3.US producer prices (PPI) came in significantly higher than expected, rising 1.4% in April.
Table of Contents
- Key themes
- Data snapshot
- Financial Markets
- Today's key data and events
- International Data
- Domestic Data
- Corporate Directory
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Authors
Luka Belobrajdic
Securities
S&P 500S&P/ASX 200AUDUSDBrent Crude OilUSD Index (DXY)
Themes
Fed Leadership TransitionGeopolitical StabilizationStubborn Inflationary Pressure
Regions
Asia PacificNorth AmericaEuropeAustraliaUnited StatesChina