#MarketRebound 📈 Key Factors Driving Market Growth
• Trump's Statements on the Fed and Tariffs: President Trump stated that he does not plan to fire Fed Chairman Jerome Powell and expressed willingness to lower tariffs as part of a potential trade deal with China. This strengthened investor confidence and led to a rise in stock markets.
• Rise in Stock Indices: Global stock markets showed significant growth. The French CAC 40 rose by 2.1%, the German DAX by 2.5%, and the British FTSE 100 by 1.6%. In Asia, the Japanese Nikkei 225 increased by 1.9%, while the Hong Kong Hang Seng rose by 2.4%.
• Strengthening of the Dollar: The US dollar strengthened against major currencies, including the yen and the Swiss franc, recovering from recent declines.
• Positive Corporate Reports: Despite a decline in quarterly profit for Tesla from $1.39 billion to $409 million, the company's stock rose by 5.5% following Elon Musk's announcement of reducing involvement in projects related to Dogecoin and focusing on Tesla, X, and SpaceX.