Investors care about Fed independence as actions increase in China and Japan

• The S&P 500 closed 0.64% Monday and S&P Futures It was 0.69% pre-opening in New York. A monthly survey of China’s service sector fell at its lowest level, excluding Covid pandemic, suggesting that President Donald Trump’s trade war struck the second largest economy in the world, but the actions of the Sse Composed increased by 1.1%. Investors seem to be waiting nervously before the Fed Wednesday’s Wednesday rate decision and Trump’s reaction.

Markets in Asia and Europe have increased largely this morning, while S&P Futures has dropped around 0.7%, and established the United States index for a second day of loss after a nine -day winning streak, as investors are nervously waiting for the FED’s interest decision, and the reaction of President Donald Trump.

Wall Street is almost certain that the Fed will maintain constant interest rates in the range of 4.25-4.50%, but analysts expect Trump to succeed their attacks on the Fed chair, Jerome Powell, so as not to lower rates.

“The attacks on Powell are going to climb a lot”, he said During a CNBC interview Monday. “Trump, I think, will increase the climb.”

Any climb could scare the Skittish investors, says the chief economist in Parthenon, Gregory Daco.

“We even cover the perception of political influence on monetary policy could highlight markets,” he wrote in a note. “A sustained loss of confidence in the FED’s autonomy risks inflation expectations, raising long -term returns, increasing debt service costs, and damaging dollar assets.”

The fact that markets may begin to take into account the uncertainty about the FED leadership future can be seen in the recent increase in the risk of north -American assets, Daco wrote.

Despite the concerns of the Fed leadership, investors can achieve the resilience of the world economy, so far. “The data sends a simple message that global growth is still solid,” writes Bruce Kasman and his team at Jpmorgan chase. “Despite a noisy stop in the United States, global GDP grew up to 2.4%tending to 1T25. Available April readings show an impulse as we become the current quarter.”

Here is a snapshot of today’s action:

• The S&P 500 Yesterday decreased 0.64% after nine days in a row.
• President Trump’s announcement of 100% tax to the production of American films in foreign countries sent Netflix 2%by bottom, Emphasized down 1.6%and Disney lower 0.4%.
• S&P Futures Today it was more sad: contracts were reduced to 0.8% in previous negotiation.
• It Vix The fear index has increased by 9% today.
• Only Asian markets Rose this morning: SSE composite of China It increased by 1.1% (and increased by 1.64% YTD). Nikkei Japan 225 increased by 1%.
• The Stoxx Europe 600 dropped by 0.7% in early negotiation.

This story originally presented to Fortune.com