US Treasury Secretary Bessent on new Fed chair says they have four excellent candidates and that an announcement could come as imminent as next week

The mention by Treasury Secretary Bessent of four strong candidates for the new Fed chair and the potential for an imminent announcement indicates heightened market anticipation around future monetary policy direction.

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Japan's Trade Minister Akazawa says Japan remains a buy with PM Takachi's policy

[MARKET UPDATE] USD hit as Bessent talks, to the benefit of the GBP and EUR. Bessent essentially called for calm and some patience on relations re. Europe & Greenland, saying he is confident it will all work out and leaders won't escalate

US Treasury Secretary Bessent on new Fed chair says they have four excellent candidates and that an announcement could come as imminent as next week

US Treasury Secretary Bessent says the US is experiencing a capex boom, which always leads to an employment boom. The narrative of EU nations discussing selling USTs is false; there is no talk of this, it is mis-reporting.

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This news could shift market positioning, particularly in fixed income and USD, as traders reassess the rate path depending on who is ultimately chosen and their policy stance. Be mindful of how this could affect risk sentiment leading into next week, especially if the announcement aligns with broader economic expectations or adjustments.

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