Futures edge lower; Trump hits out at Powell; Sintra panel – what’s moving markets

U.S. futures inch down following an upbeat session on Monday that saw global stocks touch a fresh intraday record, with traders eyeing a resumption in trade talks between the U.S. and Canada and a weakening dollar. U.S. President Donald Trump ratchets up his campaign against Federal Reserve Chair Jerome Powell, sending the central bank head a scathing handwritten letter urging him to quickly bring down interest rates. Powell is scheduled to speak at a much-anticipated panel discussion with global central bank heads at the European Central Bank’s annual forum in Portugal. Elsewhere, the White House is reportedly narrowing the scope of its targeted trade deals as an impending expiration to a delay to Trump’s punishing “reciprocal” tariffs looms large.