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US Market Open: RTY outperforms, USD attempting to rebound with focus on the House and tier-1 data
European bourses in the green, shrugging off a mixed APAC lead. US futures post modest gains, RTY outperformsUSD attempts to atone for recent pressure. DXY eyes 97.00 to the upside, JPY lags, EUR and GBP both hitFixed in the red, Gilts lag after the UK Welfare Reform u-turn. USTs await data and fisc
READ STORYEurope Market Open: Trump threatens 35% tariff on Japan; US Senate passes Trump tax bill
APAC stocks were mixed following a similar handover from the US where participants digested data, trade commentary and a slew of central bank rhetoric.US President Trump said he doubts the US will have a deal with Japan but will possibly have an agreement with India.US Senate narrowly passed Preside
READ STORYUS Market Open: Markets await Powell and US Senate vote-a-rama which Thune suggests is "getting to the end"
US Senate vote-a-rama is still ongoing, Thune suggests we are "getting to the end", unclear if he has enough votesEU reportedly wants immediate relief in any US deal, said to be accepting universal tariffs but is seeking key exemptionsRisk tone began firmer after strong Chinese data; thereafter, det
READ STORYEurope Market Open: Europe primed for a quiet open with the EU to accept Trump’s universal tariff while seeking sectoral exemptions
APAC stocks began the new quarter mostly higher, albeit with gains tentative; Wall Street closed higher.The Senate vote-a-rama process is ongoing before a final version is sent back to the House to approve the bill, before then sending it to Trump's desk.EU is to accept Trump’s universal tariff but
READ STORYUS Market Open: US futures bolstered as Reconciliation Bill progresses, however July tariff deadline looms
A firmer start to the week Stateside, ES +0.4%, as markets focus on the progress of Trump's Bill; however, Europe is more contained, Stoxx 600 +0.1%, as the reciprocal deadline nears.US Senate voted to begin debating the Reconciliation Bill; vote-a-rama not expected to start until 09:
READ STORYEurope Market Open: Canada resumes trade negotiations with the US & Senate set to vote on tax bill
APAC stocks began the week mostly in the green following last Friday's record highs on Wall St; participants digested a slew of data including mixed Chinese PMIs.US and Canada agreed to resume negotiations with a view towards reaching a deal by July 21st after Canada rescinded the Digital Servi
READ STORYWeek Ahead: Highlights include US NFP, ISMs, EZ CPI, Japanese Tankan, China PMIs and Swiss CPI
MON: Japanese Industrial Output (May), Chinese Official PMIs (Jun), German Retail Sales (May), German/Italian Prelim CPI (Jun)TUE: Japanese Tankan (Q2), Chinese Caixin Manufacturing PMI Final (Jun) EZ, UK & US Final Manufacturing PMI (Jun), German Unemployment (Jun), EZ HICP Flash (Jun), US ISM
READ STORYUS Market Open: European bourses benefit on US-EU trade optimism, DXY lower & US equity futures gain into PCE
US Commerce Secretary Lutnick stated that several deals will be announced in the coming week, with the Europe deal expected at the end.Punchbowl reports that Republican Senators say voting on the Reconciliation Bill will not begin until Saturday at the absolute earliest.European bourses benefit from
READ STORYEurope Market Open: EU receives latest US trade proposal, European indices set to open higher
US President Trump said he just signed a deal with China on Wednesday; it was later clarified that the US and China have agreed to an additional understanding to implement the Geneva agreement.US Commerce Secretary Lutnick stated that several deals will be announced in the coming week, with the Euro
READ STORYUS Market Open: DXY hit on reports that Trump may name Powell successor early, US equity futures gain slightly into data
US President Trump may accelerate the announcement of a successor to Fed Chair Powell, according to WSJ sources.Chinese state planner official said with policy implementation and introduction, "we are confident and capable of minimising the adverse impacts from external shock", according to Reuters.
READ STORYEuropean Market Open: USD briefly dips on reports that Trump may name Powell successor early, APAC stocks traded mixed
APAC stocks traded mixed in choppy fashion following a similar session on Wall Street, with overnight newsflow relatively light as Israel and Iran seemingly continued to observe the ceasefire.US President Trump may accelerate the announcement of a successor to Fed Chair Powell, according to WSJ sour
READ STORYUS Market Open: ES flat and DXY firmer into Powell Part 2, NATO summit and US supply in focus
Fox's Gasparino posted that Team Trump said it was close to announcing a handful of trade deals. The major ones the White House claimed progress on involved Japan, South Korea, and Vietnam.European bourses are mixed in quiet newsflow whilst US futures hold around the unchanged mark.USD looks to claw
READ STORYEurope Market Open: Europe set for a modestly firmer open as Middle-East tensions cool, ahead of NATO summit
APAC stocks traded stronger following the firm lead from Wall Street, with gains capped as traders were cautious amid the fragility of the Israel-Iran ceasefire.Geopolitical newsflow was relatively light in APAC hours, with no hostile incidents seen between Israel and Iran; “There have been no
READ STORYUS Market Open: Sentiment bolstered after Israel-Iran ceasefire comes into effect; Israel claims Iran violated agreement
Sentiment bolstered after US President Trump announced a ceasefire agreement between Iran and Israel, effective 05:00 BST / 00:00 EDT.Though Israel claimed Iran had launched ballistic missiles and violated the agreement, which Iran has denied.USD softer as geopolitical premium recedes, attention now
READ STORYEurope Market Open: Sentiment boosted as Trump announces Israel-Iran ceasefire, now formally in effect
Risk was supported on Wall Street following Iran's "symbolic" strike on a US base in Qatar—de-escalatory in nature, given the clear effort to minimise casualties and collateral damage.Sentiment was further bolstered at the resumption of futures trading after US President Trump announced a ceasefire
READ STORYUS Market Open: Crude pares initial gap higher & USD firmer after US strikes, focus on potential Iranian retaliation
US President Trump confirmed the launch of “Operation Midnight Hammer”, which involved targeted strikes on Iranʼs nuclear facilities at Fordow, Natanz, and Isfahan.US President Trump warned that “many targets remain,” emphasising that the US had no desire for regime change but threatened larger futu
READ STORYEurope Market Open: US strikes Iran's nuclear sites; now awaiting Iranian response - Hormuz in focus
US President Trump confirmed the launch of “Operation Midnight Hammer”, which involved targeted strikes on Iranʼs nuclear facilities at Fordow, Natanz, and Isfahan.US President Trump warned that “many targets remain,” emphasising that the US had no desire for regime change but threatened larger futu
READ STORYWeek Ahead Preview 23-27th June 2025; Highlights include inflation data from the US, Canada, Aus; Global PMIs; BoJ Summary of Opinions
MON: EZ/UK/US Flash PMIs (Jun).TUE: NBH Announcement, German Ifo (Jun), Canadian CPI (May), US Richmond Fed (Jun).WED: BoJ Summary of Opinions, CNB Announcement, PBoC MLF, Australian CPI (May).THU: Banxico Announcement, German GfK Consumer Sentiment (Jul), US Durable Goods (May), US GDP Final (Q1),
READ STORYUS Market Open: Oil pushed lower after Trump gives two weeks to decide on Iran strikes
US President Trump offered Iran a two-week window to monitor negotiations before deciding on military action.European stocks benefit from geopolitical optimism whilst US futures are slightly lower.DXY flat, JPY mildly boosted by Y/Y Core CPI beat.Two-way action for JGBs after reports suggest Japan p
READ STORYEurope Market Open: Crude Slips and European equity futures shine as Trump gives two weeks to decide on Iran strikes
APAC stocks initially saw directionless trade following a non-existent lead from Wall Street amid the Juneteenth market holiday.US President Trump offered Iran a two-week window to monitor negotiations before deciding on military action.APAC sentiment eventually turned mostly firmer with notable Isr
READ STORYEurope Market Open: Fed's dot plot composition saw hawkish shift; US reportedly eyes Iran strike in the coming days
APAC stocks traded subdued following the mixed close on Wall Street, where traders juggled the FOMC alongside geopolitics, with markets apprehensive as US President Trump keeps participants in the dark about his touted move on Iran.The Federal Reserve left rates unchanged at 4.25-4.5%, as was w
READ STORYUS Market Open: Sentiment improves as US refrains from any Middle-East involvement, FOMC ahead
Firing between Israel and Iran continued overnight. Iran used a hypersonic missile, while no attacks were seen from the US. Risk recovered and oil waned off highs.US officials signalled that the next 24 to 48 hours would be critical in determining whether a diplomatic solution with Iran is possible
READ STORYEurope Market Open: Stocks spooked by worries of potential US involvement in Israel-Iran conflict
Stocks in the US were spooked by what seemed like an imminent US involvement in Israel's offensive against Iran.Firing between Israel and Iran continued overnight. Iran used a hypersonic missile, while no attacks were seen from the US. Risk recovered and oil waned off highs.US officials signalled th
READ STORYUS Market Open: Crude bid and stocks hit after Trump comments & continued strikes, DXY flat into Retail Sales
US President Trump says he wants "a real end," with Iran "giving up entirely" on nukes”, via CBS’s Jacobs.US President Trump says the EU is not yet offering a fair deal, there is a chance of a deal with Japan but they are "tough". Pharma tariffs coming soon.Stocks hit as Iran-Israel strikes continue
READ STORYEurope Market Open: Trump tells “everyone” to evacuate Tehran, leaves G7 for something “bigger than” brokering a ceasefire; BoJ’s Ueda up next
APAC stocks traded mixed/mostly lower with the region failing to coattail on Wall Street's gains, as geopolitical angst kept risk subdued.US President Trump posted that "Everyone should immediately evacuate Tehran!" before cutting his G7 trip short, stoking fears of a US military offensive. Sen
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