Market close: NZ sharemarket rises as Trump backs down on Fed chair

Market close: NZ sharemarket rises as Trump backs down on Fed chair

The New Zealand sharemarket rose today after US President Donald Trump backed down on his previously stated desires to forcibly remove the Federal Reserve...

Gold falls as Trump backs down from threat to fire Fed chief

Gold prices fell on Wednesday as U.S. President Trump retracted his threats to dismiss Fed Chair and expressed optimism for a trade deal with China.

Trump steps back from threat to fire Fed's Powell, market jumps

Meanwhile, the US President is optimistic that a trade deal with China could "substantially" cut tariffs.

The US President said he would reduce the 145% tax he imposed on China. He then said he would not dismiss the Fed President, with whom he had an argument. Elon Musk also announced that he would be more interested in Tesla than in his government jobs after the decline in profits.

Following the flow of the foreign market, the Ibovespa advanced 1.32% this Wednesday (23) and closed at 132,216.07 points, a gain of 1,751.69 points. Like the New York stock exchanges, the Ibovespa echoed the speech of the President of the United States, Donald Trump, who backtracked the statement made on Monday (21) that he would fire the [...]

Both positions gave relief to world markets, affected on Monday by investors' decision to abandon US assets.