07 Mar 2025, 13:44 by Newsquawk Desk
- MON: Eurogroup Meeting, Norwegian CPI (Feb), EZ Sentix Index (Mar), Japanese GDP (Q4)
- TUE: EIA STEO
- WED: 25% US tariff on all imports of steel and aluminium comes into effect, BoC Announcement, ECB Wage Tracker, OPEC MOMR, US CPI (Feb)
- THU: IEA OMR, EU-South Africa summit, Swedish CPIF (Feb), EZ Industrial Production (Jan), US PPI (Feb)
- FRI: UK GDP Estimate (Jan), University of Michigan Prelim Survey...
07 Mar 2025, 11:50 by Newsquawk Desk
- European indices lower whilst US futures are modestly higher ahead of US NFP.
- USD misery continues as DXY dips to 103.60 as EUR's rally extends into Friday's trade.
- Bunds bounce off worst but remain over 300 ticks lower WTD, USTs await Payrolls & Powell.
- Crude firmer with gas inflating on damaged Ukrainian infrastructure.
- Looking ahead, US NFP, Canadian Jobs, White House Crypto Summit, Speakers including Fed’s...
07 Mar 2025, 06:45 by Newsquawk Desk
- US President Trump signed amendments to the Canada & Mexico tariffs; however, this failed to lift risk sentiment
- Fed's Waller says he does not see the case for a March cut and the median view of two 2025 cuts "remains reasonable"; Bostic said they need to be patient
- US futures attempted to recover off the Wall St. pressure but failed to make much ground into Payrolls, European futures point to a weak open
- DXY pressured and...
06 Mar 2025, 11:45 by Newsquawk Desk
- European bourses are mostly lower, Autos benefit following tariff reprieve; US futures in the red with NQ underperforming.
- DXY remains on the backfoot, EUR underpinned by stimulus hopes as attention turns to ECB.
- Bunds continue to slump on the latest fiscal reports pre-ECB, USTs await data.
- Crude attempts to claw back recent pressure, XAU sits around USD 2.9k/oz.
- Looking ahead, US Initial Jobless Claims, Atlanta Fed...
06 Mar 2025, 06:50 by Newsquawk Desk
- APAC stocks traded mixed albeit with a predominantly positive bias after the constructive handover from Wall St.
- White House said they will give a one-month exemption on any autos coming through USMCA.
- US President Trump is reportedly considering agricultural carve-outs for Mexico and Canada tariffs, according to Bloomberg.
- European equity futures indicate a positive cash market open with Euro Stoxx 50 future up 0.7% after the cash market...
05 Mar 2025, 11:25 by Newsquawk Desk
- Sentiment lifted after the US Commerce Secretary suggested Trump could potentially reduce tariffs on Canada and Mexico, perhaps as soon as Wednesday.
- European bourses at session highs; DAX 40 +3% outperforms; US equity futures broadly higher with the RTY +1.2%.
- EUR surges on German spending plans, DXY around 1.05 after breaking below its 200DMA.
- Bunds battered by Merz's fiscal reform, USTs await data and tariff...
05 Mar 2025, 06:45 by Newsquawk Desk
- US futures gained after the Wall St. close as Lutnick suggested Trump could potentially reduce tariffs on Canada and Mexico, perhaps as soon as Wednesday.
- APAC mixed but with strength in China after data and the Official Growth Report which maintained a growth target of around 5% and pledged measures to boost spending.
- EUR underpinned by German debt brake reform with the DXY under pressure as a result, Cable hit a YTD peak while NZD was unreactive to...
04 Mar 2025, 11:45 by Newsquawk Desk
- Canada said it will impose retaliatory tariffs on US imports from Tuesday. China announced additional tariffs of up to 15% on some US goods from March 10th.
- European bourses hit as the region reacts to the latest Trump tariffs; US futures modestly lower.
- USD remains on the backfoot, EUR digests defence spending pledges, havens firmer.
- Bonds bolstered by growth concerns and tariff updates despite pressure from block trades & EU...
04 Mar 2025, 06:50 by Newsquawk Desk
- White House said Trump proceeded with tariffs on imports from Canada and Mexico; reports also noted the extra 10% duty on Chinese goods took effect.
- Canada said it will impose retaliatory tariffs on US imports from Tuesday. China announced additional tariffs of up to 15% on some US goods from March 10th.
- APAC stocks were pressured following the sell-off on Wall St where the S&P suffered its worst day of the year so far.
- European...
03 Mar 2025, 11:45 by Newsquawk Desk
- European indices at session highs, Defence stocks roar on EU spending talks. US futures also gain, with the RTY outperforming.
- USD is on the backfoot as tariff deadline looms; EUR benefits from hotter-than-expected EZ HICP.
- Bonds are weighed on by developments around geopols/defence, currently at session lows.
- Crude clipped from APAC highs, Precious metals continue to benefit from the geopolitical risk-premia and softer...
03 Mar 2025, 06:50 by Newsquawk Desk
- APAC stocks saw a rebound from Friday's Asian session sell-off; participants digested better-than-expected Chinese PMI data.
- US Commerce Secretary Lutnick said there will be tariffs on Canada and Mexico on Tuesday but Trump will decide at what levels.
- China is studying countermeasures in response to the US March 4th tariff threat; will likely include both tariffs and a series of non-tariff measures.
- Ukrainian President Zelensky said Ukraine...
28 Feb 2025, 14:38 by Newsquawk Desk
- MON: Chinese Caixin Manufacturing PMI (Feb), EZ/UK/US Final Manufacturing PMI (Feb), EZ Flash CPI (Feb), US ISM Manufacturing.
- TUE: Tariff deadline, President Trump State of Union, EZ Unemployment Rate (Jan), RBA Minutes.
- WED: China Two-Sessions, Australian GDP (Q4), Chinese Caixin Services PMI (Feb), Swiss CPI (Feb), EZ/UK/US Final Services/Composite PMIs (Feb), EZ PPI (Jan), US ADP (Feb), US ISM Services PMI (Feb).
- THU: China Two...
28 Feb 2025, 11:20 by Newsquawk Desk
- European bourses are in the red, but with sentiment off lows; ES/NQ gain ahead of US PCE.
- USD remains underpinned by trade angst; Antipodeans lag given the risk-tone.
- Bonds bid after Trump's latest on tariffs & tech pressure, though benchmarks are off highs.
- Commodities lower on month end and ahead of weekend uncertainty.
- Looking ahead, German CPI US PCE & Dallas Fed, Canadian GDP. Credit Reviews for Germany...
28 Feb 2025, 06:50 by Newsquawk Desk
- US President Trump clarified that there will be a 10+10 tariff on China for a total of 20% additional tariffs and that the proposed tariffs on Canada and Mexico are scheduled to go into effect on March 4th.
- US stocks closed notably in the red with the Nasdaq 100 (-2.8%) the clear laggard as the Technology sector was heavily pressured alongside significant losses in NVIDIA (-8.6%).
- APAC stocks declined with heavy pressure seen at month-end following the sell-off on...
27 Feb 2025, 11:30 by Newsquawk Desk
- NVIDIA +1.1% in US pre-market after headline beats whilst Q1 gross margins are seen easing.
- European bourses on the backfoot with sentiment hit in Europe amid Trump’s EU tariff threats; US futures gain.
- Pick-up in US yields provides reprieve for USD, USD/JPY eyes a test of 150.
- Crude trims recent losses but metals pressured by a firmer Dollar.
- Looking ahead, US Durable Goods, GDP 2nd Estimate (Q4), Core PCE Prices...
27 Feb 2025, 06:52 by Newsquawk Desk
- APAC stocks followed suit to the mixed performance stateside for most of the session after tariff-related confusion and NVIDIA's earnings.
- US equity futures eked slight gains in predominantly uneventful trade but were indecisive and immediately fluctuated post-NVIDIA (-1.5% aftermarket) earnings despite the AI darling beating on top and bottom lines.
- White House still plans to implement 25% tariffs on imports from Canada and Mexico next week, at least for now —...
26 Feb 2025, 11:15 by Newsquawk Desk
- European bourses gain and currently reside at highs; US futures also stronger with NQ outperforming ahead of key NVIDIA results.
- DXY attempts to claw back recent losses, EUR/USD lingers around 1.05.
- USTs are off lows but remain in the red while EGBs inch higher.
- Crude choppy, gas subdued, but metals hold a positive bias as the complex digests Trump tariff investigations into copper.
- Looking ahead, US New Homes Sales,...
26 Feb 2025, 06:25 by Newsquawk Desk
- APAC stocks traded mixed as a tech rally in China offset the weak handover from Wall St where the Nasdaq led the declines once again.
- US Commerce Secretary Lutnick said they will investigate the possible imposition of tariffs to rebuild the US copper industry.
- European equity futures indicate a positive cash market open with Euro Stoxx 50 future up 0.7% after the cash market closed with losses of 0.1% on Tuesday.
- DXY is attempting to claw...
25 Feb 2025, 11:20 by Newsquawk Desk
- European bourses are mostly firmer after opening entirely in the red following a negative APAC handover; though US futures remain in the red.
- DXY is a touch lower, EUR/USD stuck on a 1.04 handle, Antipodeans lag.
- Diverging performance with USTs higher whilst Bunds are lower awaiting coalition and/or spending updates.
- Choppy trade in crude with metals subdued despite the softer Dollar.
- Looking ahead, US Consumer...
25 Feb 2025, 06:50 by Newsquawk Desk
- APAC stocks traded lower following the weak handover from the US where the tech sector led the declines.
- US President Trump said they are on time with tariffs and tariffs are going forward; also reportedly looking to tighten chip controls on China.
- EU and UK are to discuss a Europe-wide defence fund amid fear of US pullback, according to FT.
- European equity futures indicate a marginally lower cash open with Euro Stoxx 50 future...
24 Feb 2025, 11:20 by Newsquawk Desk
- European bourses mostly firmer with clear outperformance in the DAX 40 after CDU/CSU wins the German election; US futures gain.
- EUR firmer post-German election, but off best levels, USD mixed vs. peers.
- Two-way action in Bunds as Merz secures the Chancellery but a blocking minority exists, Gilts await BoE speak.
- Crude flat, precious metals mixed, and base metals mostly lower amid tariff woes.
- Looking ahead, US...
24 Feb 2025, 06:55 by Newsquawk Desk
- APAC stocks began the week mixed after last Friday's sell-off on Wall St and amid holiday-quietened trade with Japanese markets closed for the Emperor's Birthday, while participants also reflected on the results from Sunday's German election.
- DAX futures rallied by 1%, Bund futures marginally softened, EUR/USD outperformed and reclaimed the 1.0500 handle as Germany’s CDU/CSU won the election on Sunday with a Grand coalition possible; far-right AfD came second.
- US...
21 Feb 2025, 13:25 by Newsquawk Desk
- SUN: German National Election
- MON: Bank of Israel Announcement, German Ifo (Feb), EZ HICP Final (Jan)
- TUE: PBoC MLF, NBH Announcement, BoK Announcement, German GDP Detailed (Q4), US CaseShiller (Dec), US Richmond Fed (Feb)
- WED: Australian CPI (Jan)
- THU: ECB Minutes, Spanish Flash CPI (Feb), Swiss GDP (Q4), German Unemployment (Feb), EZ Sentiment Survey (Feb), US GDP 2nd Estimate (Q4), Japanese Tokyo CPI...
21 Feb 2025, 11:20 by Newsquawk Desk
- European bourses are mostly higher after paring initial pressure following dire French PMIs; US futures are modestly mixed.
- DXY attempts to recoup lost ground, EUR weighed on by PMIs, JPY hit by Ueda remarks.
- BoJ Governor Ueda said if markets make abnormal moves, the BoJ stands ready to respond nimbly, such as through market operations, to smooth market moves.
- Bunds bolstered by soft PMI metrics; Commodities are pressured by the firmer...
21 Feb 2025, 06:50 by Newsquawk Desk
- APAC stocks traded mostly higher albeit with mixed price action seen following the subdued handover from Wall St where stocks declined amid geopolitical uncertainty, disappointing data and weak Walmart guidance, while participants in the region digested earnings releases and central bank commentary.
- Fed's Kugler (voter) said she believes the Fed should hold the policy rate in place for some time and noted there is currently a lot of uncertainty about the potential effect of President...