Trump urges Fed to cut interest rates faster + Fed Chairman Jerome Powell does not see high recession risks + Tesla attacks increase + Wacker Neuson continues rally
Trump urges Fed to cut interest rates faster
- The US President is dissatisfied with the Fed's latest decision.
- The Fed had rejected an interest rate cut because the tariff policy was fueling inflation.
- However, Trump wants the Fed to change course.US President Donald Trump has once again urged the Fed to lower its key interest rate.
- "Do the right thing," Trump urged the Fed on Wednesday (local time) on his online platform Truth Social.
- In view of the economic uncertainty, the US Federal Reserve had again suspended further interest rate cuts on Wednesday and decided to leave the interest rate unchanged between 4.25 percent and 4.5 percent against the backdrop of Trump's aggressive tariff policy.
- https://www.welt.de/wirtschaft/article255743448/Unzufrieden-Trump-draengt-US-Notenbank-Fed-zu-schnelleren-Zinssenkungen.html
Fed Chairman Jerome Powell sees no high recession risks
- Fed Chairman Jerome Powell sees increased but not high recession risks and describes the latest inflation expectations from the University of Michigan as an outlier.
- The Fed is signaling two possible interest rate cuts of 0.25 percentage points each for the current year and is currently leaving the key interest rate in the range of 4.25-4.50 percent.
- The central bankers anticipate weaker economic development and higher inflation than expected three months ago.
- The Federal Reserve is slowing the pace of balance sheet reduction and is reducing the monthly limit for maturing government bonds from 25 billion dollars to 5 billion dollars from April 1, while the limit for mortgage-backed securities remains at 35 billion dollars.
- US Federal Reserve Chairman Jerome Powell explains that it is still too early to assess the impact of the tariffs on the economy.
Tesla $TSLA (-10,09%)Attacks on the rise
- Trump's judiciary wants to prosecute riots as terrorism
- The US judiciary considers the recent attacks on Tesla property to be "domestic terrorism".
- US Attorney General Pam Bondi stated this on Tuesday and announced tough consequences for the perpetrators.
- "The wave of violent attacks on Tesla property is nothing short of domestic terrorism," Bondi said in a statement.
- "We will continue the investigation and impose severe penalties on all those involved - including those who are coordinating and funding these crimes behind the scenes.
- https://www.fr.de/politik/us-justiz-angriffe-auf-tesla-sind-inlandsterrorismus-zr-93635044.html
Wacker Neuson $WAC (-10,8%)continue rally
- Shares in construction equipment manufacturer Wacker Neuson continued their strong run on Wednesday.
- In the afternoon, they rose around four percent to EUR 22.40, topping the small-cap index SDax.
- Since last Thursday alone, the share price has risen by more than a fifth.
- Since the beginning of the year, Wacker has even gained a good 50 percent.
- Investors are hoping that the company will benefit from the planned infrastructure investments as part of the financial package.
Thursday: Stock market dates, economic data, quarterly figures
Stock market holiday in Japan
- ex-dividend of individual stocks
- Broadcom USD 0.59
- Quarterly figures / company dates USA / Asia
- 12:30 PDD Holdings annual results
- 18:00 Walt Disney AGM
- 21:00 Fedex quarterly figures
- 21:15 Nike quarterly figures
- Untimed: Micron Technology quarterly figures
- Quarterly figures / Company dates Europe
- 07:00 Krones | Lanxess | Nemetschek | RWE | Equinor Annual results
- 07:10 Elmos Semiconductor Annual results and annual report
- 07:30 Deutz | Hapag-Lloyd | SGL Carbon | SAF-Holland Annual results
- 08:00 Verbund | RTL Group Annual results
- 09:00 RTL Group PK
- 10:00 Lanxess | RWE BI-PK
- 10:30 Deutz conference call | Givaudan AGM
- 13:00 Krones | Lanxess | RWE Analyst Conference
- 14:00 SGL Carbon BI-PK
- No time specified: Teamviewer | Deutsche Börse Annual Report
- Economic data
08:00 DE: Producer prices February FORECAST: +0.2% yoy/+1.0% yoy previous: -0.1% yoy/+0.5% yoy
08:00 CH: Trade Balance February
08:00 UK: Labor market data March unemployment benefit recipients Unemployment rate 3 months (ILO) FORECAST: 4.4% previous: 4.4%
09:00 BEECB President Lagarde, hearing in the EP's Economic and Financial Committee
09:30 CH: Swiss National Bank (SNB), outcome of the Monetary Policy Council meeting Key interest rate PROGNOSIS: 0.50% previously: 0.50%
09:30 SE: Sveriges Riksbank, outcome of the Monetary Policy Council meeting FORECAST: n.a. previously: 2.25%
12:00 DE: Bundesbank monthly report,
13:00 UK: BoE, outcome and minutes of the Monetary Policy Council meeting Bank Rate FORECAST: 4.50% previous: 4.50%
13:30 US: Initial jobless claims (week) PROGNOSE: 225,000 PREVIOUS: 220,000
13:30 US: Current Account 4Q FORECAST: -335.1 bn dollars previously: -310.9 bn dollars
13:30 US: Philadelphia Fed Index March FORECAST: 10.0 previous: 18.1
15:00 US: Leading Indicators Index February FORECAST: -0.2% yoy previous: -0.3% yoy
15:00 US: NAR, Existing Home Sales February PROGNOSE: -3.2% yoy previous:
