European markets are set to make a cheerful comeback following the extended Easter break. Anticipation is building as the U.K.’s FTSE 100 index is projected to rise by 60 points, reaching 8,254. Germany’s DAX is expected to surge by 253 points, hitting 21,064, while France’s CAC is forecasted to climb by 81 points to 7,241. Italy’s FTSE MIB is also on track for a significant gain of 441 points, reaching 34,967, according to insights from IG.
Focus on IMF-World Bank Meetings
Although there are no major earnings reports or economic data releases from Europe on Tuesday, traders will closely monitor developments emerging from the IMF-World Bank Spring meetings taking place in Washington this week. A significant topic of discussion is likely to be the implications of U.S. President Donald Trump’s tariffs, which are expected to dominate the agenda.
Asia-Pacific Markets Experience Decline
In the Asia-Pacific region, market activity was relatively muted overnight, largely influenced by a sharp downturn on Wall Street. This decline came as President Trump intensified his campaign against Federal Reserve Chairman Jerome Powell.
On Monday, Trump took to Truth Social to express that the economy could face challenges if the Federal Reserve doesn’t lower interest rates. In a string of recent posts, he targeted Powell directly, labeling him “Mr. Too Late” and a “major loser.”
Speculation Surrounding Powell’s Position
Last week, Trump even hinted at the possibility of Powell’s "termination," a move that would be unprecedented. White House economic advisor Kevin Hassett mentioned that the president’s team is exploring this option. However, Powell has maintained that he cannot be dismissed legally and is committed to fulfilling his term until May 2026.
Overall, the market outlook remains cautiously optimistic as investors navigate these developments. For continued updates, stay tuned to reliable financial news sources.
