09 May 2025, 10:40 by Newsquawk Desk
- European stocks are firmer across the board, whilst US equity futures trade cautiously ahead of US-China talks on the weekend.
- USD recovery pauses for breath, JPY outperforms whilst the Kiwi lags a touch.
- Marked divergence as EGBs & Gilts react in full to trade updates. USTs await a barrage of Fed speak.
- Softer intraday Dollar keeps commodities afloat for now.
- Looking ahead, Canadian Jobs, Speakers including...
09 May 2025, 06:40 by Newsquawk Desk
- US weighs a plan to slash China tariffs to as low as 50% from 145% as soon as next week, according to the New York Post citing sources. US President Trump said China tariffs can't get any higher than 145% and know it's coming down.
- US President Trump said, "Better go out and buy stocks now" and commented that the stock market will really rally now.
- US stocks closed off today's best levels amid reports that President Trump is pushing for a new top tax rate on the...
08 May 2025, 10:35 by Newsquawk Desk
- Equities complex broadly positive in anticipation of US President Trump’s deal announcement; NQ +1.3%.
- DXY back above 100, EUR/USD slips onto a 1.12 handle, GBP eyes UK-US trade deal and BoE.
- Gilts edge higher into the BoE and Trump's announcement, USTs & Bunds slip slightly.
- USD pickup weighs on gold whilst crude remains focused on geopolitical developments.
- Looking ahead, US Jobless Claims, Wholesale Sales...
08 May 2025, 06:40 by Newsquawk Desk
- Fed kept rates unchanged; noted that risks to the economic outlook increased further and risks to both sides of the mandate have risen.
- President Trump said he is unwilling to lower tariffs to get China to the table; also reported that Trump is to rescind global chip curbs.
- APAC stocks were mostly higher following the mildly positive handover from Wall St; European stocks are set to open higher.
- DXY is steady with the USD mixed vs....
07 May 2025, 10:52 by Newsquawk Desk
- China's Ministry of Commerce confirmed US-China trade talks with Vice Premier He Lifeng to visit Switzerland from May 9th-12th and will visit France from May 12th-16th for economic and financial dialogue.
- PBoC Governor Pan announced to cut RRR by 50bps effective May 15th and to cut the policy interest rate by 10bps effective on May 8th with the 7-day reverse repo rate lowered to 1.40% and interest rates on Standing Lending Facility across all tenors lowered by 10bps. Pan stated that the...
07 May 2025, 06:50 by Newsquawk Desk
- China's Ministry of Commerce confirmed US-China trade talks with Vice Premier He Lifeng to visit Switzerland from May 9th-12th and will visit France from May 12th-16th for economic and financial dialogue.
- PBoC Governor Pan announced to cut RRR by 50bps effective May 15th and to cut the policy interest rate by 10bps effective on May 8th with the 7-day reverse repo rate lowered to 1.40% and interest rates on Standing Lending Facility across all tenors lowered by 10bps. Pan stated that the...
06 May 2025, 11:04 by Newsquawk Desk
- Sentiment in the equities complex hit after HKMA said it has been lowering its duration in US treasury holdings; the exchange fund has been diversifying into non-US assets; ES -0.7%, NQ -1%.
- Germany's CDU leader Merz fails to be elected as Chancellor, a decision which has sparked pressure in European bourses leading to underperformance in the DAX 40.
- USD on the backfoot, JPY leads the majors, EUR upside stalled in reaction to Merz...
06 May 2025, 06:40 by Newsquawk Desk
- APAC stocks were mostly higher but with gains capped following disappointing Chinese Caixin Services PMI.
- European equity futures indicate a slightly lower open with Euro Stoxx 50 future down 0.1% after the cash market finished flat on Monday.
- DXY failed to hold above the 100 mark, EUR/USD sits on a 1.13 handle, USD/JPY was unable to maintain its footing above 144.
- Crude futures have clawed back nearly all the losses seen in reaction to the...
05 May 2025, 11:35 by Newsquawk Desk
- US President Trump said he is willing to lower tariffs on China at some point. He answered no when asked if he plans to speak with Chinese President Xi this week.
- US President Trump reiterated that the Fed should lower interest rates and said he won’t remove Fed Chair Powell.
- European bourses are mixed but with price action fairly rangebound; FTSE 100 closed, with the UK on holiday; US futures entirely in the green.
- USD kicks the week off on...
05 May 2025, 06:45 by Newsquawk Desk
- APAC stocks were ultimately mixed in holiday-thinned trade with most major markets in the region shut.
- US President Trump said he is willing to lower tariffs on China at some point. He answered no when asked if he plans to speak with Chinese President Xi this week.
- US President Trump reiterated that the Fed should lower interest and said he won’t remove Fed Chair Powell.
- European equity futures indicate a slightly lower cash market open...
02 May 2025, 13:42 by Newsquawk Desk
- SAT: Australian Election
- MON: Hong Kong Holiday (Buddha's Birth), Japanese Holiday (Children's Day), UK Holiday (Bank Holiday); Swiss CPI (Apr), EZ Sentix (May), US ISM Services PMI (Apr), Turkish CPI (Apr)
- TUE: Chinese Caixin Services PMI (Apr), EZ Composite/Services Final PMI (Apr), Producer Prices (Mar), US International Trade (Mar), New Zealand Unemployment (Q1)
- WED: FOMC, BCB & CNB Policy Announcements, RBNZ Financial...
02 May 2025, 10:57 by Newsquawk Desk
- China is said to be conducting an assessment on US trade negotiations and urged the US to demonstrate sincerity for trade talks, while it urged the US to correct mistakes regarding tariffs and noted it is currently evaluating possible US trade talks.
- US Secretary of State Rubio said the Chinese want to meet and talk, while he added those talks will come up soon and there's a broader question about how much we should buy from China going forward
- Japanese Finance...
02 May 2025, 06:45 by Newsquawk Desk
- China is said to be conducting an assessment on US trade negotiations and urged the US to demonstrate sincerity for trade talks, while it urged the US to correct mistakes regarding tariffs and noted it is currently evaluating possible US trade talks.
- US Secretary of State Rubio said the Chinese want to meet and talk, while he added those talks will come up soon and there's a broader question about how much we should buy from China going forward
- Japanese Finance...
01 May 2025, 10:54 by Newsquawk Desk
- Europe on holiday, US equity futures entirely in the green with sentiment boosted after strong META/MSFT results.
- DXY is a little firmer ahead of US data, JPY hit post-BoJ/Ueda.
- JGBs lead post BoJ/Ueda, USTs await Tier 1 data points.
- Crude continues to decline, XAU hit by the USD while base peers welcome the US tone post-Mag7.
- Looking ahead, US Challenger Layoffs, Jobless Claims & ISM...
01 May 2025, 06:35 by Newsquawk Desk
- APAC stocks traded higher but with gains capped in severely thinned conditions owing to mass holiday closures across the region and in Europe for Labour Day.
- BoJ kept rates unchanged at 0.50% and provided some dovish rhetoric despite maintaining its rate hike signal.
- US is said to have reached out to China recently for tariff talks, according to Bloomberg citing an influential social media account.
- US stocks were boosted heading into the...
30 Apr 2025, 11:20 by Newsquawk Desk
- US President Trump said he is going to make a fair deal with China on trade; predicts that China will eat the tariffs.
- Stocks trade tentatively ahead of a slew of key risk events, including US GDP/PCE and earnings from Microsoft & Meta.
- USD looks to build on Tuesday’s advances, EUR overlooks strong GDP, AUD is supported by hot CPI.
- USTs are contained into data & refunding, EGBs firmer but largely unaffected by a data...
30 Apr 2025, 06:55 by Newsquawk Desk
- US President Trump said he is going to make a fair deal with China on trade; predicts that China will eat the tariffs.
- APAC stocks failed to sustain the positive handover from Wall St and traded mixed; Chinese official PMIs disappointed.
- European equity futures indicate a contained cash market open with Euro Stoxx 50 future flat after the cash market closed with losses of 0.2% on Tuesday.
- DXY is a touch higher and building on...
29 Apr 2025, 11:15 by Newsquawk Desk
- US President Trump is expected to soften the impact of his automotive tariffs, according to WSJ citing sources.
- European bourses are mixed, whilst US equity futures trade incrementally higher, ahead of a slew of earnings.
- USD attempts to claw back some of Monday’s losses, CHF & JPY lags whilst the Loonie fares better post-election.
- Canada's ruling Liberals, led by Mark Carney, won the national election but will need to form a minority...
29 Apr 2025, 06:45 by Newsquawk Desk
- US President Trump is expected to soften the impact of his automotive tariffs, according to WSJ citing sources.
- Canada's ruling Liberals, led by Mark Carney, won the national election but will need to form a minority government.
- APAC stocks were mostly in the green but with gains capped following the choppy performance stateside.
- European equity futures indicate a slightly positive open with Euro Stoxx 50...
28 Apr 2025, 10:50 by Newsquawk Desk
- USTR’s office was reported on Friday to have prepared a framework for staggered reciprocal trade negotiations aimed at streamlining talks with 18 partners on a rolling basis over the next 2 months until the US’s July 8th deadline, according to WSJ.
- US Treasury Secretary Bessent said he had interaction with his Chinese counterpart in Washington last week and thinks the Chinese will see the tariff level as unsustainable and he also thinks there is a path to an agreement with China on tariffs,...
28 Apr 2025, 06:50 by Newsquawk Desk
- USTR’s office was reported on Friday to have prepared a framework for staggered reciprocal trade negotiations aimed at streamlining talks with 18 partners on a rolling basis over the next 2 months until the US’s July 8th deadline, according to WSJ.
- US Treasury Secretary Bessent said he had interaction with his Chinese counterpart in Washington last week and thinks the Chinese will see the tariff level as unsustainable and he also thinks there is a path to an agreement with China on tariffs,...
25 Apr 2025, 13:49 by Newsquawk Desk
- MON: Canada Election
- TUE: NBH Announcement, German GfK Consumer Sentiment (May), Spanish Flash CPI (Apr), Swedish GDP (Q1), EZ Sentiment Survey (Apr)
- WED: Japanese Activity Data (Mar), Chinese Official PMI (Apr), Australian CPI (Mar), Chinese Caixin Manufacturing PMI Final (Apr), German Retail Sales and Import Prices (Mar), French Prelim CPI (Apr), Swiss KOF Indicator (Mar), German Flash GDP (Q1) and CPI (Apr), EZ Prelim GDP (Q1), US ADP (Apr), US GDP and...
25 Apr 2025, 11:10 by Newsquawk Desk
- China is said to consider exempting some US goods from tariffs as costs increase with Chinese authorities considering removing additional levies for medical equipment and some industrial chemicals like ethane, according to Bloomberg citing sources familiar with the matter.
- China's Foreign Ministry says it is not having any consultations or negotiations with the US on tariffs; on tariff exemptions, says not familiar with specifics.
- European bourses edge higher on...
25 Apr 2025, 06:55 by Newsquawk Desk
- China is said to consider exempting some US goods from tariffs as costs increase with Chinese authorities considering removing additional levies for medical equipment and some industrial chemicals like ethane, according to Bloomberg citing sources familiar with the matter.
- US President Trump said either countries negotiate a deal or they will set a deal and some will be tariffed, at some point, while they will set prices for deals.
- US President Trump reiterated that...
24 Apr 2025, 11:25 by Newsquawk Desk
- US President Trump said it depends on China how soon tariffs can come down and they have spoken to 90 countries regarding tariffs already.
- US President Trump said if they don't have a deal, they will set tariffs and could set the tariff for China over the next two or three weeks, while he suggested that there is daily direct contact between US and China.
- European bourses are in the red amid the negative risk-tone; US futures also edge lower ahead of Alphabet...