Fed Chairman Powell is causing uncertainty - mixed signals from the Federal Reserve

Fed Chairman Powell is causing uncertainty - mixed signals from the Federal Reserve

Wall Street suffered a slump, driven by mixed news from the Federal Reserve. Fed Chairman Jerome Powell presented a mix of good and bad news that did not provide a clear course. While the stock markets reacted mixedly to the statements, eBay disappointed investors with a weak sales forecast for the current quarter. The company's sales missed the stock market's expectations, which led to a decline in stock prices.

In contrast, Rational reported a jump in first-quarter profits despite flat sales. Earnings before interest and taxes increased by 7%, which also led to an increase in earnings per share. The kitchen appliance specialist also confirmed its annual forecast and plans to propose a dividend of 13.50 euros per share. This positive result from Rational contrasted with the disappointments in the stock markets due to the Fed news and the eBay forecast.

The impact of the news from the US on stock trading in Asia was also felt, with the Hang Seng Index rising more than 2.3% at one point. Nevertheless, investor optimism is waning given the vague prospects of a rate cut in the US dollar. Trading in Frankfurt was closed due to public holidays, while the European pre-market remained indifferent before the futures market opened. The impact of the Fed's decisions will continue to be closely monitored as markets prepare for possible future rate moves.