Morning Report 17 Jul 25: Talk of sacking Powell spooks markets

Wall Street rebounded after mid-session volatility, buoyed by reports that President Trump has discussed replacing Fed Chair Jerome Powell. In corporate news, Johnson & Johnson shares surged after the company posted better-than-expected earnings, while bank stocks were mixed despite also reporting strong results. On the data front, producer inflation came in below market expectations, prompting a dip in interest rates as investors priced in a more dovish outlook. Back home, ASX 200 futures point to a positive open, with investors awaiting key employment figures due later this week. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.

There are no comments yet.

Please log in to write the first comment.