Japanese stock markets rose more than 2%, South Korea and Australia stock markets recovered all lost ground since April 2, and gold turned higher and rebounded from the daily low of $70

Source: Wall Street News

The optimistic expectations that US President Trump will undoubtedly fire Federal Reserve Chairman Powell and that trade tensions may ease have led to a rise in risk sentiment in global markets. Stock index futures in Europe and the US have risen, and the Japanese stock market has soared. The US dollar index has rebounded across the board, the Japanese yen and the Swiss franc have fallen, and gold has turned up during the day. Bitcoin has broken through $90,000 for the first time since early March.

Trump's comments on the Federal Reserve Chairman on Tuesday, local time, retracted the remarks that had raised market concerns about the independence of the US central bank earlier this week. He said that although he was dissatisfied with the Federal Reserve's failure to cut interest rates more quickly, he had no intention of firing Federal Reserve Chairman Powell.

In addition, it is reported that US Treasury Secretary Bessent said at a closed - door investors' meeting on April 22 that the tariff deadlock was unsustainable and that the situation was expected to ease in the near future. US Treasury Secretary Bessent said that he would speak about the state of the global financial system at 10:00 am EST on Wednesday. At that time, the market will closely monitor Bessent's comments on the financial market.

Chris Weston, the head of research at Pepperstone, said that although it was still in the early stages, market sentiment was clearly changing. Stuart Kaiser, the head of stock trading strategy at Citigroup, also pointed out that focusing on the tariff negotiations between the US and its key trade allies, good progress would be seen, which was beneficial to the market.

**Stock market**: S&P 500 index futures rose 1.8%; European Stoxx 50 index futures rose 1.7%. The Nikkei 225 index rose about 2.5%. The stock markets of South Korea and Australia rose more than 1%, recovering all the ground lost since the US tariff policy on April 2.

**Foreign exchange market**: The US dollar index turned down 0.36%; the euro - dollar rose 0.33% to 1.1410; the Japanese yen - dollar rose 0.44% to 141.73.

**Cryptocurrency**: Bitcoin rose 2.1% to above $93,000; Ethereum rose 3.3% to $1752.73.

**Commodities**: WTI crude oil futures rose 1.1% to $64.34/barrel; spot gold turned up during the day, now quoted at $3384.76/ounce, rebounding about $70 from the daily low.

**[09:47]**

The US dollar index gave up its intraday gains and further declined, approaching the 99 - mark, quoted at 99.07.

Spot gold turned up during the day, now quoted at $3384.76/ounce, rebounding about $70 from the daily low.

**[08:26]**

European Stoxx 50 index futures rose 1.7%.

The Nikkei 225 index rose about 2.5%.

The stock markets of South Korea and Australia rose more than 1%, recovering all the ground lost since the US tariff policy on April 2. Overnight, Trump and Bessent dominated the market's "change of face", and US stocks soared.

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