US President Trump will call for new form of tax cuts in State of Union, Fox News reports; says Iran is not yet agreeing to no nuclear weapons
Newsquawk Staff ·
US President Trump will call for new form of tax cuts in State of Union, Fox News reports; says Iran is not yet agreeing to no nuclear weapons.
What it means
President Trump's call for new tax cuts in the State of the Union could signal a shift towards a more expansionary fiscal policy, impacting market sentiment positively. Moreover, his comments on Iran suggest ongoing geopolitical tensions that could have ramifications for energy prices, particularly oil, as well as safe-haven assets like gold. The combination of these factors could lead to notable shifts in forex and equities as traders reassess their positions.
- [MARKET ANALYSIS] Crude grinds higher, Dutch TTF remains just under EUR 100/MWh, metals subdued
- Russian Deputy Foreign Minister Ryabkov says Russia remains in the preparatory phase for negotiations on Ukraine, TASS reports
- Ukrainian President Zelensky says Ukraine will not attack Russian ships carrying diesel for the US
- Israeli PM Netanyahu's bloc has 56 seats and opposition has 49 seats after 50.1% of votes were counted, according to Israel's Channel 12
- US President Trump says there will be a meeting with Russian President Putin and Ukrainian President Zelensky set up soon, while Trump says there will be a meeting on disarmament during Asia trip
Related headlines
- Iran's Foreign Minister Araghchi says sustainable regional security requires collective responsibility, mutual respect for sovereignty and cooperation among regional countries without foreign military intervention6 hours ago
- [MARKET ANALYSIS] Contained, but a bearish skew, across fixed income into the UK Budget and FOMC1 hour ago
- Russian Deputy PM Novak says they are open to work with US partners on energy, but there are no current discussions around a return to specific projects1 hour ago
- Ukrainian President Zelensky says Western powers could eventually discuss Russia's demands for security guarantees, but insists Ukraine's own security needs must be addressed first1 hour ago
- [MARKET ANALYSIS] Antipodeans diverge as AUD saw strong CPI and NZD slumped on a surprise RBNZ hold, DXY awaits the Fed2 hours ago
- [MARKET ANALYSIS] DXY takes a breather after recent gains and heading into the FOMC, while NZD slumps on RBNZ's surprise pause8 hours ago
- Notable FX Option Expiries for today's NY cut: 28th October 20263 hours ago
- [MARKET ANALYSIS] A busy morning for EU banking names, with tech stocks supported by upbeat SK Hynix earnings2 hours ago
- Phillips 66 (PSX) Q3 2026 (USD): Adj. EPS 14.08 (exp. 11.73)47 min ago
- [MARKET ANALYSIS] Treasury futures retreat with yields underpinned as oil prices rebounded9 hours ago
- US and Israel have reportedly prepared plans to resume joint attacks on Iran after the US midterm elections to avoid potential economic and electoral consequences, Lebanese newspaper Nidaa al-Watan reports, citing a Western diplomatic source1 hour ago
- GE Healthcare Technologies Inc. (GEHC) Q3 (USD): Adj. EPS 1.34 (exp. 1.20), Revenue 5.5bln (exp. 5.35bln), Adj. EBIT 913mln (exp. 838.8mln)1 hour ago
- Biogen Inc. (BIIB) Q3 2026 (USD): Adj. EPS 2.62 (exp. 1.98), Revenue 2.8bln (exp. 2.63bln). Raises lower end of FY26 diluted EPS guidance to USD 12.20-13.00 (exp. 12.23, prev. 12.00-13.00)1 hour ago
- Etsy Inc. (ETSY) Q3 2026 (USD): EPS 1.00 (exp. 0.77), Revenue 692mln (exp. 668mln)27 min ago
- Garmin Ltd. (GRMN) Q3 2026 (USD): Adj. EPS 2.76 (exp. 2.41), Revenue 1.99bln (exp. 1.99bln)36 min ago