U.S. futures fall and world shares are mixed as markets await Trump’s word on replacing Fed chief
BNN Bloomberg
U.S. futures dropped while European shares opened higher on Friday after markets retreated in Asia ahead of a possible announcement by U.S. President Donald Trump on his nominee to replace Jerome Powell as chair of the Federal Reserve.
Oil prices dropped and the prices of gold and silver weakened.
The future for the S&P 500 sank 0.8 per cent while that for the Dow Jones Industrial Average was 0.7 per cent lower.
Trump chose Powell to led the U.S. central bank in 2017 but has relentlessly assailed him for not cutting interest rates quickly as quickly as the president would like. The appointment to replace him must be confirmed by the Senate.
In early European trading, Germany’s DAX picked up 0.8 per cent to 24,506.41, while the CAC 40 in Paris advanced 0.4 per cent to 8,107.50. Britain’s FTSE 100 edged 0.2 per cent higher, to 10,189.05.
The CEO of Indonesia’s stock market, Imam Rachman, resigned Friday “As part of a commitment toward recent market conditions,” the exchange said in an announcement.
