14 Aug 2025, 11:25 by Newsquawk Desk
- Russian Kremlin's Ushakov says Alaska summit will begin at 11:30 local time on Friday (20:30 BST/15:30 EDT)
- European bourses are modestly firmer, US futures hold around the unchanged mark into PPI.
- USD sell-off pauses for breath ahead of PPI, Yen rises on Bessent BoJ comments.
- JGBs lag as Japan reacts to Bessent, USTs await PPI.
- Crude ekes mild gains as attention turns to Trump/Putin.
- Looking...
14 Aug 2025, 07:05 by Newsquawk Desk
- US President Trump said interest rates should be three or four points lower, while he thinks he will name a new Fed chairman "a little bit early" and noted that he is down to three or four names.
- Fed's Goolsbee (2025 voter) said that Fed meetings coming up are live but added that he doesn’t like pre-committing on rates.
- Trump said he would like to do a second meeting with Russian President Putin almost immediately which would include Zelensky if the first meeting...
13 Aug 2025, 11:15 by Newsquawk Desk
- European bourses are firmer across the board; US futures are also higher, but with outperformance in the RTY.
- Dollar extends its post-CPI decline, leading to broad strength across G10s; Kiwi outperforms.
- Bonds are bid and approaching Tuesday's highs, as focus turns to geopols.
- Crude is subdued, gold kept afloat, and base metals flat; focus on Trump/Putin on Friday.
- Looking ahead, BoC Minutes, US President Trump is to...
13 Aug 2025, 06:55 by Newsquawk Desk
- APAC stocks were mostly higher as the region took impetus from the gains stateside where the S&P 500 and Nasdaq closed at record highs.
- US Treasury Secretary Bessent said will need to see months, if not a year, of progress on fentanyl flows before Chinese tariffs come down.
- US Treasury Secretary Bessent stated that the Fed should think about a 50bp cut in September.
- European equity futures indicate a positive cash market open with...
12 Aug 2025, 11:15 by Newsquawk Desk
- European bourses are modestly firmer, whilst US futures trade on either side of the unchanged mark into US CPI.
- DXY flat, GBP rises post-data, EUR choppy, and AUD narrowly lag post RBA.
- USTs/Bunds rangebound into US CPI, whilst Gilts lag after jobs data.
- Crude is choppy with focus on Russia-Ukraine with Zelensky flagging a fresh Russian offensive ahead of Friday talks.
- Looking ahead, US CPI (Jul), EIA STEO, OPEC...
12 Aug 2025, 06:45 by Newsquawk Desk
- US President Trump signed an Executive Order that will extend the tariff suspension on China for another 90 days.
- US President Trump announced on Truth Social that gold will not be tariffed.
- Fed Governor Bowman, Fed Vice Chair Jefferson, and Dallas Fed President Logan are reportedly under consideration for Fed Chair, according to Bloomberg.
- APAC stocks traded mostly higher (Japan outperformed post-holiday), Europe expected to open...
11 Aug 2025, 11:55 by Newsquawk Desk
- US President Trump said he will meet with Russian President Putin on August 15th in Alaska; White House is considering inviting Ukrainian President Zelensky.
- Fed’s Bowman (voter) said that the latest job market data reinforces her forecast for three rate cuts this year.
- Fed Chair list now said to include former St. Louis Fed President Bullard and former George W. Bush adviser Sumerlin, according to WSJ.
- European bourses opened firmer but...
11 Aug 2025, 06:45 by Newsquawk Desk
- APAC stocks were mostly in the green but with gains limited in the absence of notable catalysts from over the weekend and Japan away from market.
- US President Trump said he will meet with Russian President Putin on August 15th in Alaska; White House is considering inviting Zelensky.
- Fed’s Bowman (voter) said that the latest job market data reinforces her forecast for three rate cuts this year.
- Fed Chair list now said to...
08 Aug 2025, 11:03 by Newsquawk Desk
- POTUS suggested there will be no India tariff talks until things are resolved; Bessent said China tariffs can be on the table "at some point".
- European bourses are mostly incrementally firmer in quiet newsflow; US futures are also marginally higher, with some mild outperformance in the RTY.
- DXY is modestly higher, paring some of the downside seen in the prior day; JPY underperforms.
- Bonds hold a slight bearish bias, Gilts in focus and...
08 Aug 2025, 06:54 by Newsquawk Desk
- POTUS suggested there will be India tariff talks until things are resolved; Bessent said China tariffs can be on the table "at some point".
- Trump appointed CEA Chair Miran as a temporary replacement to fill Kugler's seat at the Fed; BBG reported that Waller is now favourite for Chair.
- European futures point to a firmer cash open, APAC handover mixed amid earnings and into tariff updates.
- DXY firmer with G10s mixed/flat, USTs weak following a...
07 Aug 2025, 11:30 by Newsquawk Desk
- US President Trump said they are going to be putting a very large tariff on chips and semiconductors, which will be at approximately 100%, but added "if you're building in the US, there will be no charge."
- Kremlin Aide Ushakov says an agreement has been reached to hold a meeting with US President Trump and Russian President Putin in the next few days.
- Stocks have been boosted after a Kremlin aide confirmed Trump and Putin are to meet.
- USD is...
07 Aug 2025, 07:00 by Newsquawk Desk
- US President Trump said they are going to be putting a very large tariff on chips and semiconductors, which will be at approximately 100%, but added "if you're building in the US, there will be no charge."
- Crude futures declined yesterday amid Russia/Ukraine optimism following the discussion between the US and Russia which was said to have made progress and with President Trump intending to meet Russian President Putin as soon as next week.
- US President Trump said,...
06 Aug 2025, 11:10 by Newsquawk Desk
- European bourses are modestly higher alongside US futures, RTY outperforms a touch.
- USD is steady as markets ponder Trump's Fed Chair nominee; Antipodeans lead whilst havens lag.
- Gilts hit by the latest assessment of Reeves' fiscal situation, USTs await supply & Fed speak.
- Crude rises as secondary Russian oil sanctions loom alongside US-Russia talks.
- Looking ahead, Fed’s Collins, Cook and Daly, Supply from the...
06 Aug 2025, 06:50 by Newsquawk Desk
- APAC stocks traded somewhat mixed following the subdued handover from Wall St post-ISM services.
- European equity futures indicate a positive cash market open with Euro Stoxx 50 future up 0.3% after the cash market closed with gains of 0.1%.
- DXY is flat, EUR/USD remains on a 1.15 handle and capped by its 200DMA, and antipodeans marginally lead.
- RBI kept the Repurchase Rate unchanged at 5.50%, as expected, and...
05 Aug 2025, 11:00 by Newsquawk Desk
- European and US equity futures are modestly firmer, into a slew of earnings.
- USD is firmer vs. peers but still very much lower post-NFP; havens lag a touch.
- Bonds trade with a marginally bearish bias into a packed afternoon.
- Crude complex is on the backfoot and currently at lows, with XAU pressured by the Dollar.
- Looking ahead, Global Composite and Services Final PMIs, Canadian Trade, US ISM Services, International...
05 Aug 2025, 06:50 by Newsquawk Desk
- APAC stocks were mostly higher following the rally on Wall St where the major indices clawed back post-NFP losses.
- European equity futures indicate a marginally higher cash market open with Euro Stoxx 50 future up 0.3% after the cash market finished with gains of 1.5% on Monday.
- DXY trades higher, but remains below the 99.0 mark, EUR/USD retains its position on a 1.15 handle.
- Fed's Daly (2027 voter) said two rate cuts this year still seems...
04 Aug 2025, 10:50 by Newsquawk Desk
- US President Trump said on Sunday that he will announce a new head of the BLS in the next three or four days.
- US President Trump said he is to announce a replacement for Fed's Kugler in the next couple of days after Kugler resigned on Friday.
- OPEC+ said in a statement that eight members are to raise oil output by 547k bpd in September, citing steady global economic and current healthy market fundamentals; crude slips.
- European bourses are...
04 Aug 2025, 07:00 by Newsquawk Desk
- APAC stocks traded mixed following a quiet weekend of newsflow and last Friday's disappointing Non-Farm Payrolls data.
- US President Trump said on Sunday that he will announce a new head of BLS in the next three or four days.
- US President Trump said he is to announce a replacement for Fed's Kugler in the next couple of days after Kugler resigned on Friday.
- European equity futures indicate a positive cash market open with the Euro Stoxx 50...
01 Aug 2025, 11:20 by Newsquawk Desk
- US President Trump announced tariffs on countries ranging from 10%-41% including a tariff rate of 10% for Brazil, 30% for South Africa, 20% for Taiwan and 25% for India. Canada’s tariff increased from 25% to 35%, while Mexico received a 90-day extension of the current tariff rates.
- Japan eyes a 15% rate for the US chip tariff, on par with EU, with Japan’s trade negotiator stating Japan should be able to secure a 15% rate for the new sectoral tariff the US is planning to impose on chips,...
01 Aug 2025, 06:55 by Newsquawk Desk
- US President Trump announced tariffs on countries ranging from 10%-41% including a tariff rate of 10% for Brazil, 30% for South Africa, 20% for Taiwan and 25% for India. Canada’s tariff increased from 25% to 35%, while Mexico received a 90-day extension of the current tariff rates.
- Japan eyes a 15% rate for the US chip tariff, on par with EU, with Japan’s trade negotiator stating Japan should be able to secure a 15% rate for the new sectoral tariff the US is planning to impose on chips,...
31 Jul 2025, 11:05 by Newsquawk Desk
- BoJ maintained rates as expected, raised growth and inflation outlook. Continued to note uncertainty over trade; Ueda said, no large change to central outlook that growth pace will slow down and underlying inflation stalls.
- US President Trump announced that South Korea will be subject to a 15% tariff and make USD 350bln in investments in the US.
- European bourses opened higher but have waned off best levels, NQ outperforms after stunning earnings from META +12% &...
31 Jul 2025, 06:50 by Newsquawk Desk
- Fed kept rates on hold with dissent from Waller and Bowman. Powell said will not let tariffs become inflationary.
- BoJ maintained rates as expected, raised growth and inflation outlook. Continued to note uncertainty over trade.
- US equity futures rebounded after-hours with strength in tech/AI-related names after Microsoft (+8.3%) and Meta (+11.5%) smashed Q2 earnings.
- US President Trump announced that South Korea will be subject to a 15%...
30 Jul 2025, 11:20 by Newsquawk Desk
- European bourses are mixed amidst a slew of earnings, US futures flat/firmer ahead of a busy data docket and earnings from Meta and Microsoft.
- USD rally pauses for breath as markets await Q2 flash GDP and FOMC.
- USTs contained into numerous US events, Bunds were little moved by national and EZ-wide GDP metrics.
- Crude takes a breather after Tuesday’s rally while gold holds around the unchanged mark.
- Looking ahead, US...
30 Jul 2025, 06:55 by Newsquawk Desk
- US Treasury Secretary Bessent said he will see US President Trump regarding the China tariff pause on Wednesday and some technical details remain on the China tariff pause, while the China tariff extension decision will be up to Trump and if he does not approve tariff pause extension, tariffs on Chinese goods would 'boomerang' back to April 2nd levels, or another level that he chooses.
- US President Trump said Chinese President Xi wants to meet and he thinks it will happen before the end of...
29 Jul 2025, 11:20 by Newsquawk Desk
- European bourses are broadly in the green, alongside strength in US futures ahead of a busy earnings slate.
- USD is firmer, EUR/USD's descent continues as markets digest the EU-US trade agreement.
- USTs await data and a 7yr auction, Bunds are on the backfoot giving back some of the prior day’s upside.
- Crude resumes upside while metals are hampered by the Dollar.
- Looking ahead, highlights include US JOLTS Job Openings,...