Morning Bid: Inflation test focuses Fed row

By Mike Dolan

Jan 13 -

What matters successful U.S. and planetary markets today

By Mike Dolan, Editor-At-Large, Finance and Markets

The market’s comparatively humble absorption to caller threats to Federal Reserve independency this week owes overmuch to the torrent of further accusation hitting investors. Inflation and firm net updates are coming down the pike connected Tuesday.

A frenetic quality overload since the commencement of the twelvemonth has failed to shingle Wall Street stocks from grounds highs, portion overseas attraction connected Iran tensions saw crude lipid prices deed their highest successful astir 2 months. Japan's ​yen and bonds besides slid anew connected speculation astir drawback elections there.

I'll get into each the market-moving quality below, but archetypal cheque retired my latest column, wherever I look astatine President Trump's forceful efforts to chopped the outgo of recognition further.

And perceive to the latest ‌episode of the Morning Bid regular podcast. Subscribe to perceive Reuters journalists sermon the biggest quality successful markets and concern 7 days a week.

Today's Market Minute

* Global cardinal slope officials are readying to merchandise a coordinated connection of enactment for U.S. ​Federal Reserve Chair Jerome Powell connected Tuesday, stressing the request for autarkic cardinal banking, according to 2 sources.

* UBS CEO Sergio Ermotti, ‌who oversaw the Swiss bank's exigency takeover of erstwhile rival Credit Suisse, plans to measurement down successful April 2027, the Financial Times reported connected Tuesday.

* U.S. President Donald Trump said that immoderate countries that does concern with Iran volition look a tariff complaint of 25% connected immoderate commercialized with the U.S.

* If record-high U.S. banal prices accurately bespeak investors' appraisal of Trump 2.0, past it's a glowing scorecard for the astir interventionist authorities successful decades. But ROI Finance Columnist Jamie McGeever asks however agelong Wall Street tin support looking the different way.

* The post-war strategy of planetary laws and norms is connected the ropes, but that does not mean the planetary bid is wholly dead, argues Hugo Dixon for Reuters Breakingviews. Other countries, particularly successful Europe, tin salvage thing of it, peculiarly if they musculus up.

Inflation trial focuses Fed row

A comparatively humble marketplace absorption to caller threats connected Federal Reserve independency this week owes overmuch to the torrent ⁠of further accusation hitting investors, with ostentation and firm net updates coming down the pike connected Tuesday.

A ‌frenetic quality overload since the commencement of the twelvemonth has failed to shingle Wall Street stocks from grounds highs, portion overseas attraction connected Iran tensions saw crude lipid prices deed their highest successful astir 2 months and Japan's yen and bonds slid anew connected drawback predetermination speculation there.