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...
29 May 2025, 11:20 by Newsquawk Desk
- Stocks boosted after NVIDIA's earnings and after the Manhattan-based Court of International Trade blocked President Trump's Liberation Day tariffs.
- NVIDIA (NVDA) shares +6% pre-market following earnings which beat on top and bottom lines despite incurring a USD 4.5bln charge in Q1; Q2 revenue outlook 45.0bln (exp. 46.4bln).
- US President Trump ordered US chip designers to stop selling to China, according to FT; US halts exporting aircraft engine technology and chip...
29 May 2025, 07:00 by Newsquawk Desk
- APAC stocks were mostly higher with sentiment underpinned following NVIDIA's earnings and after the Manhattan-based Court of International Trade blocked President Trump's Liberation Day tariffs.
- NVIDIA (NVDA) shares rose 4.9% after hours following earnings which beat on top and bottom lines despite incurring a USD 4.5bln charge in Q1; Q2 revenue outlook 45.0bln (exp. 46.4bln).
- US President Trump ordered US chip designers to stop selling to China, according to FT; US...
28 May 2025, 11:05 by Newsquawk Desk
- European bourses opened mixed but now in the red, US futures also lower ahead of NVIDIA results.
- USD is fractionally extending on Tuesday’s upside, Kiwi leads after RBNZ delivers a hawkish cut.
- 40yr JGB auction weighs, awaiting US supply & FOMC Minutes.
- Energy markets await JMMC/OPEC+; Metals tread water.
- US President Trump says Canada joining the Golden Dome is free if they are the 51st State, adding "They are...
28 May 2025, 06:50 by Newsquawk Desk
- APAC stocks mostly higher following the Wall St. strength, futures since off best awaiting NVIDIA earnings
- US President Trump says Canada joining the Golden Dome is free if they are the 51st State, adding "They are considering the offer!"
- DXY continues to pick up, EUR/USD tests 1.13 to the downside & Cable lost 1.35, JPY choppy
- RBNZ cut as expected, but refrained from overtly dovish language
- JGBs came under...
27 May 2025, 11:10 by Newsquawk Desk
- The EU set to focus on critical sectors in a bid to avoid US tariffs, according to Bloomberg sources.
- Stocks in the green and generally at session highs; NQ +1.7%.
- USD attempts to atone for recent losses, JPY weighed on by a pullback in domestic yields.
- Bonds bid and yields slump on MOF sources, Gilts outperform on this & reports that the UK will be shifting to shorter-term borrowing in order to lower its interest...
27 May 2025, 06:55 by Newsquawk Desk
- APAC stocks traded mixed with price action contained amid a lack of major fresh catalysts and in the absence of a lead from Wall St.
- European equity futures indicate a slightly softer cash market open with Euro Stoxx 50 futures down 0.2% after the cash market finished with gains of 1.3% on Monday.
- DXY is back above 99.00 and attempting to claw back yesterday's downside, EUR/USD is back on a 1.13 handle.
- US President Trump is said to be...
26 May 2025, 06:50 by Newsquawk Desk
- US President Trump announced a delay to the 50% tariff deadline on EU goods to July 9th.
- APAC stocks traded mixed as the initial uplift following Trump's announcement gradually waned.
- European equity futures indicate a higher cash market open with Euro Stoxx 50 futures up 1.6% after the cash market closed with losses of 1.8% on Friday.
- DXY has started the week on the backfoot and has slipped below the 99 mark, EUR/USD is on a 1.14 handle,...
23 May 2025, 13:57 by Newsquawk Desk
- MON: US Holiday (Memorial Day), UK Holiday (Bank Holiday)
- TUE: NBH Policy Announcement; German GfK (Jun), French Prelim. CPI (May), EZ Consumer Confidence (May), US Durable Goods (Apr), Dallas Fed (May)
- WED: RBNZ Policy Announcement, FOMC Minutes (May), Riksbank Financial Stability Report, OPEC JMMC; Australian CPI (Apr), German Unemployment (May), US MBA (w/e 19th May), Richmond Fed (May), Nvidia (NVDA) earnings
- THU: Swiss &...
23 May 2025, 11:09 by Newsquawk Desk
- US President Trump is pushing the EU to cut tariffs or face extra duties with US negotiators to tell Brussels they expect unilateral concessions, according to FT.
- European and US equity futures are trading mixed and generally reside on either side of the unchanged mark.
- USD shunned once again after Thursday’s attempted bounce; JPY benefits from hot core inflation data overnight; GBP little moved to firmer-than-expected Retail Sales.
- Bonds...
23 May 2025, 06:44 by Newsquawk Desk
- APAC stocks were mostly in the green albeit with gains in the region capped following the indecisive performance stateside.
- US President Trump and Chinese President Xi have not spoken since the Geneva agreement, according to CNN.
- US President Trump is pushing the EU to cut tariffs or face extra duties with US negotiators to tell Brussels they expect unilateral concessions, according to FT.
- European equity futures indicate a mildly positive...
22 May 2025, 11:22 by Newsquawk Desk
- US President Trump's Tax/Spending bill is currently being debated in the US House (passed the Rules Committee overnight), the debate has formally hit the two-hour minimum as of the time of publication; vote time TBC.
- European stocks trade lower following the Wall Street and APAC losses; US equity futures attempt to recover recent losses.
- USD mixed vs. peers, EUR and GBP digest PMI metrics, JPY narrowly leads.
- USTs a little firmer finding...
22 May 2025, 06:50 by Newsquawk Desk
- APAC stocks were on the back foot following the sell-off on Wall St where stocks, treasuries and the dollar were pressured amid deficit concerns and a weak 20-year auction.
- US President Trump said he was feeling very good about the bill in Congress; US House Speaker Johnson said on Wednesday that they were yet to decide on a vote on the tax bill that night or on Thursday but added that the Trump tax bill is moving forward.
- Bitcoin extended on gains and printed a...
21 May 2025, 11:14 by Newsquawk Desk
- US House Speaker Johnson said a Thursday tax bill floor vote is still realistic.
- China’s Commerce Ministry said US measures on China's advanced chips are typical of unilateral bullying and protectionism.
- Europe opened mostly lower but now trade mixed, US equity futures are in the red.
- USD remains out of love, GBP digests hot CPI data, EUR/USD back above 1.13.
- Bearish bias in play, Gilts lag after hot CPI, USTs await...
21 May 2025, 06:40 by Newsquawk Desk
- APAC stocks traded with a mild positive bias as the region mostly shrugged off the lacklustre lead from Wall St.
- US House Speaker Johnson said a Thursday tax bill floor vote is still realistic.
- European equity futures indicate a quiet cash market open with Euro Stoxx 50 future flat after the cash market closed with gains of 0.5% on Tuesday.
- DXY is extending its losing streak for a third session, EUR/USD is back above 1.13, Cable sits above...
20 May 2025, 11:00 by Newsquawk Desk
- European bourses are modestly firmer whilst US equity futures sit in negative territory.
- USD remains out of favour, AUD weighed on after the RBA delivered a 25bps cut (as expected) and amid discussion of a 50bps cut.
- JGBs briefly hit by a poor auction, fixed recovery continues into numerous Fed speakers.
- Crude choppy on mixed geopolitics regarding Russia/Ukraine and Iranian nuclear talks.
- Iranian Supreme Leader...
20 May 2025, 06:50 by Newsquawk Desk
- APAC stocks were marginally higher as the region took impetus from the rebound stateside; S&P 500 and Dow notched six-day win streaks
- European equity futures indicate a positive cash market open with Euro Stoxx 50 future up 0.5% after the cash market closed flat on Monday.
- FX markets are broadly steady. AUD lags after the RBA delivered a 25bps cut and cut its inflation outlook.
- US President Trump stated that Russia and Ukraine are...
19 May 2025, 10:55 by Newsquawk Desk
- Moody’s lowered the US’s sovereign rating from AAA to Aa1; Outlook Revised to Stable from Negative and warned of rising government debt and a widening budget deficit.
- US Treasury Secretary Bessent said countries will get a letter with a US tariff rate if they are not negotiating in good faith and he thinks that rate would be the April 2nd level.
- The House Budget Committee approved President Trump's tax cut bill to set up a possible vote as soon as this...
19 May 2025, 07:00 by Newsquawk Desk
- APAC stocks were mostly subdued following the US sovereign rating downgrade by Moody's which spurred a mild 'sell America' impulse (ES -1.1%).
- US Treasury Secretary Bessent said countries will get a letter with a US tariff rate if they are not negotiating in good faith and he thinks that rate would be the April 2nd level.
- The House Budget Committee approved President Trump's tax cut bill to set up a possible vote as soon as this...