Federal Reserve Chair Kevin Warsh takes questions from reporters during his first news conference since taking the helm at the central bank on June 17, 2026 in Washington, DC.
Chip Somodevilla | Getty Images
Hello, this is Leonie Kidd writing to you from London. Welcome to today’s edition of the Daily Open newsletter.
If markets could talk, they would sound cautiously optimistic.
There are two competing forces feeding into today’s session. First, the hangover from the first Fed meeting chaired by Kevin Warsh, which spooked stocks and bonds with its hawkish tone.
Second, the signing of the memorandum of understanding by President Donald Trump and Iran’s president, which is driving risk-on sentiment.
Another interesting session ahead for Thursday’s trade.
What you need to know today
And finally…
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