Real Vision: Finance & Investing Fed Turmoil, Shell-BP Merger Rumors, and U.S. GDP Contraction: PALvatar Market Recap, June 26 2025
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Jun 26, 2025 Concerns are rising about the Fed's independence amid Trumpâs potential plans to replace Powell, impacting the dollar's value. There's buzz around a rumored merger between Shell and BP, while surprising data shows a contraction in U.S. GDP. Mixed signals emerge from the labor market and rising factory orders, contrasting with a drop in German consumer sentiment despite better wages. Stay informed with data-driven insights into these significant market movements.
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Fed Independence Concerns Impact Dollar
- The US dollar dropped to a three-year low amid concerns over the Federal Reserve's independence due to President Trump's criticism of Fed Chair Powell.
- Trump's possible early announcement of Powell's successor triggered fears impacting the dollar's strength.
Shell-BP Merger Rumors Emerge
- Rumors suggest Shell is in early talks to acquire BP, potentially the biggest oil deal in decades.
- Shell officially denied these talks, leaving the deal's possibility uncertain.
Mixed US Economic Indicators
- The U.S. GDP contracted 0.5% in Q1, worse than the prior estimate of a 0.2% decline.
- US factory orders surged 16.4% in May, the largest monthly gain since 2014, indicating mixed economic signals.