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Leading US equity indices reached new record highs on Thursday, as strong earnings boosted investor confidence in corporate resilience amid tariffs and evolving trade policies. Better-than-expected economic data also helped stocks and the $ trade firmer while benchmark bond yields were little changed. Crude oil rose over 1.5% after drones struck Iraqi Kurdistan oil fields for the 4th consecutive day, highlighting ongoing supply risks.
Trump isn’t giving up on a leadership change at the Fed and suggested he might attempt to remove Jerome Powell for cause, claiming the central bank overspent on building renovation projects.
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