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US Market Open: US equity futures are modestly lower into Fed speak, Bunds pressured post-PMI
Fed Governor Cook said she has no intention of being bullied to step down from her position because of some questions raised in a tweet by FHFA Director Pulte.European bourses tilt lower with the region unable to benefit from better-than-feared PMIs; US equity futures are mixed.USD is mixed vs. peer
READ STORYEurope Market Open: European equity futures are indicative of a firmer open into Global Flash PMIs, DXY is flat
APAC stocks traded mixed, albeit with a mildly positive bias as the region attempted to shrug off the lacklustre lead from Wall St, where sentiment was dampened amid continued tech weakness and hawkish-leaning FOMC Minutes.FOMC Minutes from the July meeting noted a majority of participants judged th
READ STORYUS Market Open: US equity futures are modestly lower into FOMC Minutes & Fed speak, Kiwi lags post-RBNZ
European bourses opened lower but have clambered back to the unchanged mark; US futures remain on the backfoot.DXY is flat, GBP digests hot UK CPI, NZD lags after the RBNZ delivered a dovish 25bps cut.RBNZ lowered the OCR by 25bps as expected, cut its OCR forecasts across the projection horizon and
READ STORYEurope Market Open: Kiwi weakened sharply following a dovish RBNZ rate cut; European equity futures indicate a negative cash open; UK CPI ahead
APAC stocks traded mixed after a lacklustre performance stateside, where mega-cap tech led the declines.RBNZ lowered the OCR by 25bps as expected, cut its OCR forecasts across the projection horizon and voted on the options of either a 25bps or 50bps reduction.European equity futures indicate a nega
READ STORYUS Market Open: Cautious optimism following the Zelensky/Trump meeting into Fed speak
US President Trump posted that he had a very good meeting with Ukrainian President Zelensky and European leaders, which ended in a further meeting in the Oval Office and during the meeting, they discussed security guarantees for Ukraine, which would be provided by the various European countries with
READ STORYEurope Market Open: Mixed trade awaiting fresh geopolitical updates & looking to Jackson Hole
APAC stocks traded mixed following the ultimately flat performance stateside amid a lack of fresh macro catalysts, as focus centred on geopolitical updates and amid cautiousness ahead of Powell's speech at Jackson Hole on Friday.Russia's Kremlin said US President Trump and Russian President Putin he
READ STORYUS Market Open: Risk tone slips in the aftermath of the Trump-Putin summit; European leaders set to join Zelensky/Trump today
Trump hailed great progress at Putin meeting, but one or two significant items; no ceasefire was achieved.Trump to meet with European leaders and Zelensky later today; Zelensky supports trilateral meeting between Ukraine, the US and Russia.Kremlin said a trilateral summit with Ukraine was not discus
READ STORYEurope Market Open: Alaska summit did not achieve a ceasefire, Trump meeting Zelensky today
Trump hailed great progress at Putin meeting, but one or two significant items; no ceasefire was achieved.Trump to meet with European leaders and Zelensky later today; Zelensky supports trilateral meeting between Ukraine, the US and Russia.Kremlin said a trilateral summit with Ukraine
READ STORYWeek Ahead - Highlights include Jackson Hole, FOMC minutes; Japan & Canada CPI; PBoC, RBNZ, Riksbank
MON: N/A.TUE: US Building Permits (Jul), Canadian CPI (Jul).WED: RBNZ Announcement, Riksbank Announcement, FOMC Minutes, Bank of Indonesia Announcement, PBoC LPR, UK Inflation (Jul), EZ Final CPI (Jul), New Zealand Trade Balance (Jul).THU: Fed Jackson Hole Economic Policy Symposium, EZ/UK/US Flash P
READ STORYUS Market Open: Modestly firmer risk tone into Tier 1 US data points & Alaska summit
Trump and Putin will meet in Alaska at 20:00BST/15:00ET, Trump will then depart just under seven hours later.European bourses began with gains, Euro Stoxx 50 +0.4%; follows a mostly higher APAC handover as soft Chinese data was shrugged off.US futures firmer, but have drifted off best in the Europea
READ STORYEurope Market Open: Mostly firmer APAC trade into the Alaska summit
APAC stocks predominantly traded in the green after the region mostly shrugged off the indecisive performance seen on Wall St.US President Trump will participate in a bilateral program with the President of the Russian Federation in Alaska at 11:00 AM (15:00EDT/20:00BST) and will depart Alaska at 17
READ STORYUS Market Open: JPY reacts late to Bessent comments; Trump-Putin to hold joint presser on Friday
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
READ STORYEurope Market Open: Nikkei slumps and JPY firmer on Bessent; sentiment indecisive into US PPI and Jobless Claims
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-
READ STORYUS Market Open: Stocks firmer, RTY outperforms & DXY extends post-CPI decline
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 ke
READ STORYEurope Market Open: Stocks entirely in the green & Crude flat into Trump & Zelensky
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 B
READ STORYUS Market Open: GBP firmer on jobs data; DXY flat into US CPI and Fed speak
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 wit
READ STORYEurope Market Open: AUD little changed post-RBA & Trump extends China tariff suspension
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 conside
READ STORYUS Market Open: Fixed bid & stocks mixed in thin August trade ahead of Trump-Putin summit on Friday
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 incl
READ STORYEurope Market Open: Stocks posting mild gains with NVIDIA & AMD to pay 15% of China chip revenues to US Govt.
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
READ STORYWeek Ahead: Highlights include US CPI and Retail Sales, China Inflation and Activity Data, RBA, Aussie Jobs, UK Jobs & GDP, Potential Trump-Putin Meeting, US/China Truce Deadline
MON: Norwegian CPI (Jul), Japanese Mountain Day HolidayTUE: US-China truce deadline (likely to be extended), RBA Announcement (Aug), UK Jobs Report (Jun), German ZEW Survey (Aug), US CPI (Jul), EIA STEO, OPEC MOMRWED: German Final CPI (Jul), Spanish Final CPI (Jul)THU: Norges Bank Announcement, Aust
READ STORYUS Market Open: US equity futures marginally gain; USD is firmer paring some the pressure seen on Trump naming Miran to the Fed
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 mod
READ STORYEurope Market Open: European bourses set to open higher, Trump temporarily names Miran to the Fed
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
READ STORYUS Market Open: Sentiment bolstered with US-Russia meeting expected; BoE, Trump orders & Speech ahead
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 Tru
READ STORYEurope Market Open: Sentiment resilient to tariff threats on geopolitical optimism; BoE ahead
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
READ STORYUS Market Open: Stocks firmer whilst USTs dip into 10yr supply & a Trump announcement at 16:30 EDT
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
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