Adds graphic no changes to text A look at the day ahead in European and global markets from Gregor Stuart Hunter Stocks and commodities are down the dollar and bond yields are up and markets have turned firmly risk-off after US President Donald Trump said he has decided who he will nominate to lead the Federal Reserve Kevin Warshs name has rocketed to the top of the prediction markets after the two met at the White House While Warsh a former Fed governor is seen as an advocate of lower interest rates he is also considered to be one of the less radical choices among the various candidates that have been raised and perhaps more cautious on heavy monetary stimulus than others SP 500 e-mini futures slid 04 and Nasdaq e-mini futures were off 05 after Reuters reported Warsh visited the White House for a meeting on Thursday citing sources familiar with the matter Bloomberg News later reported the Trump administration was preparing to nominate Warsh as the next Fed chair
Read Full ArticleThis article was originally published on devdiscourse. Click the button above to read the complete article.