13 Jun 2025, 14:35 by Newsquawk Desk
- MON: OPEC MOMR, Chinese Activity Data (May), EZ Labour Costs (Q1),
- TUE: BoJ Announcement, IEA OMR, German ZEW Survey (Jun), US Retail Sales (May)
- WED: FOMC Announcement, Riksbank Announcement, Bank of Indonesia Announcement, BCB Announcement, UK Inflation (May), EZ Final CPI (May), New Zealand GDP (Q1)
- THU: BoE Announcement, SNB Announcement, Norges Bank Announcement, CBRT Announcement, Australian Jobs...
13 Jun 2025, 12:00 by Newsquawk Desk
- Israel conducted pre-emptive strikes on Iranian nuclear and military targets; Iran warned that Israel and the US will pay a heavy price.
- Iran's President to speak on the subject soon; US President Trump urged Iran to "make a deal, before there is nothing left".
- Geopolitics driving all price action with crude posting significant gains & equities under pressure; ES -1.2%, Euro Stoxx 50 -1.4%
- FTQ ensued overnight, supporting fixed income...
13 Jun 2025, 06:45 by Newsquawk Desk
- APAC stocks traded lower and US equity futures were pressured amid the worsening geopolitical situation in the Middle East.
- Israel conducted pre-emptive strikes on Iranian nuclear and military targets; Iran warned that Israel and the US will pay a heavy price.
- European equity futures indicate a lower cash market open with Euro Stoxx 50 future down 1.9% after the cash market closed with losses of 0.6% on Thursday.
- DXY has been boosted by...
12 Jun 2025, 12:05 by Newsquawk Desk
- US President Trump said at a certain point, they will send letters out for countries to take or leave and will send those letters out in a week and a half.
- Geopolitics is driving newsflow as Iran was judged to have violated IAEA rules. An update which has sparked increasingly escalatory rhetoric.
- Given the above, equities are in the red with the DXY pressured and havens leading FX while EUR/USD hits a new YTD peak and XAU climbs.
- Crude...
12 Jun 2025, 07:00 by Newsquawk Desk
- APAC stocks traded mixed following the subdued handover from Wall St; Europe primed for a lower open (Eurostoxx 50 future -0.7%)
- US President Trump said he would be willing to extend the trade talks deadline but doesn't think it will be necessary
- US President Trump is planning to send letters in a week and a half for countries to take it or leave it regarding a trade deal.
- US evacuated non-emergency US government personnel from several...
11 Jun 2025, 11:55 by Newsquawk Desk
- US Commerce Secretary Lutnick said they have reached a framework to implement the Geneva consensus; will return to the US to see if Trump approves.
- Chinese Vice Commerce Minister Li Chenggang said the two sides reached a consensus regarding the Geneva meeting; will report on the framework to leaders.
- European bourses are firmer this morning, though with Retail lagging; Stateside, futures are just into the red into CPI.
- DXY choppy but...
11 Jun 2025, 06:00 by Newsquawk Desk
- APAC stocks were mostly higher amid the recent trade-related optimism stemming from the US-China trade talks in London which have now concluded.
- US Commerce Secretary Lutnick said they have reached a framework to implement the Geneva consensus; will return to the US to see if Trump approves.
- Chinese Vice Commerce Minister Li Chenggang said the two sides reached a consensus regarding the Geneva meeting; will report on the framework to...
10 Jun 2025, 11:20 by Newsquawk Desk
- US-China talks in London have commenced.
- US Commerce Secretary Lutnick says discussions with China are "going well"; talks to continue all day Tuesday.
- European stocks move lower ahead of US-China talks, FTSE 100 bid post-jobs data.
- GBP lags after jobs data which saw a slump in HMRC Payrolls and a further cooling in average earnings, USD ekes out mild gains.
- Gilts outperform as the UK labour market cools, USTs await...
10 Jun 2025, 06:55 by Newsquawk Desk
- APAC stocks traded mostly higher with risk sentiment underpinned amid some optimism surrounding US-China talks; to resume 10:00BST.
- US Treasury Secretary Bessent said it was a 'good meeting' with China, Commerce Secretary Lutnick said talks were "fruitful".
- European equity futures indicate a marginally negative cash market open with Euro Stoxx 50 future down 0.2% after the cash market closed with losses of 0.2% on Monday.
- USD is net positive...
09 Jun 2025, 11:15 by Newsquawk Desk
- US President Trump said they are very far advanced on a China deal ahead of high-level talks in London on Monday.
- US President Trump said he is thinking about the next Fed Chair and it is coming out very soon.
- European bourses are modestly lower in holiday-thinned trade; ES/NQ trade around the unchanged mark whilst the RTY outperforms.
- USD is on the backfoot, giving back some of Friday’s NFP induced gains, Antipodeans...
09 Jun 2025, 06:50 by Newsquawk Desk
- APAC stocks traded mostly higher following last Friday's gains on Wall St; participants also digested mixed Chinese data.
- Chinese Y/Y CPI remained in deflationary territory, trade data saw imports and exports fall short of expectations.
- US President Trump said they are very far advanced on a China deal ahead of high-level talks in London on Monday.
- US President Trump said he is thinking about the next Fed Chair and it is coming out very...
06 Jun 2025, 13:08 by Newsquawk Desk
- MON: Japanese GDP R (Q1), Chinese Inflation (May), Chinese Trade Balance (May), EZ Sentix Index (Jun), US Employment Trends (May)
- TUE: EIA STEO, UK Jobs Report (Apr), Swedish GDP (Apr), Norwegian CPI (May)
- WED: ECB Wage Tracker, US CPI (May), UK Spending Review
- THU: UK GDP (Apr), US PPI (May)
- FRI: French/Spanish Final CPI (May), EZ Trade Balance (Apr), University of Michigan Survey (Jun), Quad...
06 Jun 2025, 11:00 by Newsquawk Desk
- European bourses trade flat/lower following the fallout of the dramatic Trump-Musk spat, but with traders setting their sights on the US jobs report.
- USD is slightly firmer in what has ultimately been a week of losses for DXY. EUR is trivially softer vs. the USD. JPY is the laggard across the majors.
- USTs are a touch higher ahead of the US jobs report and following yesterday's ECB-led losses. Bunds are attempting to atone for yesterday's downside. Gilts are being...
06 Jun 2025, 06:55 by Newsquawk Desk
- APAC stocks traded mixed following the subdued handover from the US amid a stunning online bust-up between US President Trump and Elon Musk.
- US President Trump said that trade talks with China have never been off track and straightened out the complexity.
- European equity futures indicate a slightly lower cash market open with Euro Stoxx 50 future down 0.1% after the cash market finished with gains of 0.1% on Thursday.
- DXY is a touch higher,...
05 Jun 2025, 11:25 by Newsquawk Desk
- US President Trump is to meet with German Chancellor Merz at 11:45EDT/16:45BST today.
- European bourses opened flat before climbing, which supported US futures, but are now off best.
- FX markets broadly contained as EUR awaits the upcoming ECB rate announcement.
- Bonds broadly trading near session highs, Bunds benefit after strong auctions from Spain/France.
- Crude prices stabilise after sinking post-Saudi report,...
05 Jun 2025, 07:00 by Newsquawk Desk
- US President Trump is to meet with German Chancellor Merz at 11:45EDT/16:45BST today.
- US President Trump said the "debt limit should be entirely scrapped..."; separately, he banned travel from certain nations
- APAC trade was mixed, European futures point to a flat open
- DXY saw a slight reprieve, EUR/USD took a breather and GBP was rangebound
- Fixed benchmarks held onto recent gains, JGBs were briefly knocked by...
04 Jun 2025, 11:20 by Newsquawk Desk
- EU Trade Commissioner Sefcovic says he had constructive talks with USTR Greer; are advancing in the correct direction at "pace".
- US President Trump's order to increase steel and aluminium tariffs to 50% has taken effect, aside from the UK. The UK is still subject to 25% tariffs on steel, with the UK failing to get the 0% tariffs promised in the US ‘deal’ implemented in time.
- European bourses climb higher and currently at session highs; US futures are modestly higher...
04 Jun 2025, 06:55 by Newsquawk Desk
- US President Trump is reportedly set to speak with Chinese President Xi on Friday, according to sources. It was also reported that White House Press Secretary said the Trump-Xi call will be held very soon.
- White House said the Wednesday trade offer deadline letter was authentic and they are on track for good deals.
- APAC stocks traded mostly higher following the gains on Wall St where sentiment was lifted by better-than-expected JOLTS data and with some slight...
03 Jun 2025, 11:40 by Newsquawk Desk
- The EU did not receive a US letter demanding best trade negotiations offers by Wednesday, according to Reuters sources.
- European bourses opened higher but tilted lower as the Dutch Government collapsed; US futures also in the red.
- USD attempts to claw back recent losses, EUR/USD digests soft inflation data.
- 10yr JGB sale bolsters bonds and Bunds see some modest action on EZ HICP; Fed speak ahead.
- Crude continues to...
03 Jun 2025, 06:45 by Newsquawk Desk
- APAC stocks traded mostly higher as the region took impetus from the rebound on Wall St; gains capped by disappointing Chinese Caixin Manufacturing data.
- US President Trump's administration wants countries' "best offer" by Wednesday in tariff talks, according to Reuters.
- White House Press Secretary said US President Trump and Chinese President Xi will likely talk this week.
- European equity futures indicate a slightly positive cash market...
02 Jun 2025, 11:40 by Newsquawk Desk
- US President Trump said he will double US steel and aluminum tariffs from 25% to 50%, effective June 4th.
- US Treasury Secretary Bessent said China is holding back products essential to the industrial supply chain and he believes President Trump will talk to Chinese President Xi very soon, according to a CBS interview.
- Crude soars on OPEC+. OPEC+ members that voluntarily restricted output agreed to a 411k BPD oil production increase in July, as expected, which could...
02 Jun 2025, 07:00 by Newsquawk Desk
- US President Trump said he will double US steel and aluminium tariffs from 25% to 50%, effective June 4th.
- US Treasury Secretary Bessent said China is holding back products essential to the industrial supply chain and he believes President Trump will talk to Chinese President Xi very soon, according to a CBS interview.
- OPEC+ members that voluntarily restricted output agreed to a 411k BPD oil production increase in July, as expected, which could be paused or reversed...
30 May 2025, 14:16 by Newsquawk Desk
- MON: Swiss GDP (Q1), EZ/UK/US Final Manufacturing PMI (May), US ISM Manufacturing PMI (May)
- TUE: RBA Minutes, South Korean Election, South Korean CPI (May), Swiss CPI (May), EZ Flash CPI (May), US Durable Goods (Apr)
- WED: BoC Announcement, Australian GDP (Q1), EZ/UK/US Final Services and Composite PMI (May), ISM Services PMI (May)
- THU: ECB Announcement, Swiss Unemployment (May), Swedish CPIF (May), EZ PPI (Apr), Canadian Trade...
30 May 2025, 11:05 by Newsquawk Desk
- US President Trump's advisers are considering a stopgap tariff regime if the court appeal against the tariff block fails, while the effort that the Trump administration is considering would allow tariffs of up to 15% for 100 days, according to WSJ.
- US Treasury Secretary Bessent said a couple of large deals are close. Furthermore, he said China talks are a bit stalled but believes they will have more talks in a few weeks and noted the EU's deal is in motion.
- European...
30 May 2025, 06:55 by Newsquawk Desk
- APAC stocks were subdued heading into month-end as participants digested a slew of data and amid trade uncertainty; Euro Stoxx 50 futures indicate a flat open.
- DXY little moved after US President Trump-Fed Chair Powell meeting, JPY benefits after mostly-firmer than expected Tokyo CPI.
- US appeals court temporarily reinstated US President Trump’s tariffs during the appeal and said it needs time to consider filings.
- US President Trump's...