Asia stocks subdued amid Trump's Fed comments and broad tariff letter; U.S. futures drop slightly
2025-07-17 06:23:46
Main Idea
Asian stocks traded flat-to-low following Wall Street's positive session after US President Trump indicated no plans to remove Fed Chair Powell, alleviating central bank concerns.
Key Points
1. Asian stocks showed flat-to-low movement on Thursday.
2. Wall Street had an upbeat session overnight.
3. US President Trump signaled no intention to remove Fed Chair Powell.
4. This eased concerns over the central bank.
Description
Asian stocks moved in a flat-to-low range on Thursday, following an upbeat session on Wall Street overnight after US President Trump signaled no intention to remove Fed Chair Powell, easing concerns over central bank independence. On the trade front, Trump said he would send a single letter to over 150 countries, outlining the tariff rates they would face and describing most as “not big countries” with limited U.S. trade ties. Bitcoin ( BTC-USD ) hovered around $118,000 on Thursday, moving sidew...
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