27 Aug 2025, 11:15 by Newsquawk Desk
- European bourses opened mostly firmer but now display a mixed picture; NVDA +0.5% into earnings.
- DXY rises following prior day's losses and risk aversion; Aussie fails to benefit from earlier upside post-CPI.
- USTs steady, Bunds/Gilts are bid albeit with little newsflow, but as the risk tone dipped a touch.
- Industrials trade softer on risk aversion, gold holds its ground despite Dollar strength.
- Looking ahead,...
27 Aug 2025, 06:50 by Newsquawk Desk
- US President Trump is considering quickly announcing a nominee to replace Fed Governor Cook with Stephen Miran and former World Bank President Malpass potential candidates, according to WSJ citing sources.
- The Trump administration is reviewing options for exerting more influence over the Federal Reserve’s 12 regional banks that would potentially extend its reach beyond personnel appointments in Washington, according to Bloomberg citing sources.
- US President Trump...
26 Aug 2025, 10:50 by Newsquawk Desk
- US President Trump threatened to impose substantial additional tariffs on countries that do not remove discriminatory actions such as digital taxes.
- US President Trump posted a letter removing Fed's Cook from her position with immediate effect; Cook says she will not resign.
- European bourses are on the backfoot, but with clear underperformance in the CAC 40 as French politics take centre stage; US equity futures are slightly lower.
- USD is...
26 Aug 2025, 07:00 by Newsquawk Desk
- APAC stocks traded mostly lower after global markets faded last Friday's post-Powell dovish reaction.
- US President Trump threatened to impose substantial additional tariffs on countries that do not remove discriminatory actions such as digital taxes.
- US President Trump posted a letter removing Fed's Cook from her position with immediate effect; Cook says she will not resign.
- European equity futures indicate a lower cash market open with Euro...
25 Aug 2025, 11:00 by Newsquawk Desk
- European bourses pare some of Friday's gains; US equity futures are mixed, with the RTY holding afloat.
- USD struggles to recoup Friday's lost ground in a quiet start to the week; JPY underperforms despite hawkish-leaning commentary via BoJ’s Ueda.
- USTs pause for breath following Powell-induced upside, whilst Bunds move lower.
- Crude benchmarks are very modestly firmer with focus on geopolitics; XAU is on the...
25 Aug 2025, 07:00 by Newsquawk Desk
- APAC stocks began the week on the front foot as the region took its opportunity to react to the dovish comments by Fed Chair Powell at Jackson Hole on Friday.
- European equity futures indicate a lower cash market open with Euro Stoxx 50 future down 0.3% after the cash market closed with gains of 0.5% on Friday.
- DXY is a touch firmer but unable to recover much of Friday's lost ground. EUR/USD remains on a 1.17 handle.
- Bund futures have faded...
22 Aug 2025, 13:15 by Newsquawk Desk
- MON: PBoC MLF, UK Summer Bank Holiday, German Ifo (Aug), US National Activity (Jul)
- TUE: RBA Minutes, Riksbank Minutes, NBH Announcement, US CaseShiller (Jun)
- WED: Australian CPI (Jul), Swiss Investor Sentiment (Aug)
- THU: ECB Minutes, Swiss GDP (Q2), EZ Sentiment Survey (Aug), US GDP 2nd Estimate (Q2), US PCE (Q2)
- FRI: Japanese Tokyo CPI (Aug), Japanese Activity Data (Jul), German Retail Sales (Jul), French...
22 Aug 2025, 11:15 by Newsquawk Desk
- Chinese President Xi is unlikely to attend ASEAN Leaders' Summit in October, "dashing hopes of a meeting with US President Trump at the summit"; while Premier Li is set to represent China, according to two regional sources cited by Reuters
- European bourses move higher; US equity futures also gain as the RTY +0.4% outperforms; NVIDIA -1% after H20 production halt.
- DXY holds an upward bias post-PMIs on Thursday, whilst fixed income trades steady into Fed Chair...
22 Aug 2025, 07:00 by Newsquawk Desk
- APAC stocks traded mixed amid cautiousness heading into Fed Chair Powell's remarks at Jackson Hole and following the subdued handover from Wall St, where participants digested a slew of data and mostly hawkish Fed comments.
- US President Trump said we will know in about two weeks regarding Russia-Ukraine. Ukrainian President Zelensky said Russia's overnight attacks show that Moscow is trying to avoid the need for meetings aimed at ending the war.
- Chinese President Xi...
21 Aug 2025, 11:30 by Newsquawk Desk
- 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. peers, GBP is top of the G10 leaderboard post-PMI.
- Bonds are pressured after PMIs, lower UK borrowing fails to lift spirits ahead of the Autumn...
21 Aug 2025, 07:20 by Newsquawk Desk
- 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 the upside risk to inflation was the greater risk compared with the labour market, although the meeting was conducted prior to the release of the latest NFP report with hefty downward...
20 Aug 2025, 11:20 by Newsquawk Desk
- 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 voted on the options of either a 25bps or 50bps reduction.
- USTs underperform into 20yr auction, Bunds bid on German Producer Prices, Gilts...
20 Aug 2025, 06:31 by Newsquawk Desk
- 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 negative cash market open with Euro Stoxx 50 futures down 0.7% after the cash market closed with gains of 0.9% on Tuesday.
- DXY is marginally higher...
19 Aug 2025, 11:19 by Newsquawk Desk
- 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 coordination with the US. In the aftermath, crude trades lower.
- Russia's Kremlin said US President Trump and Russian President Putin held a phone call in which they discussed the idea of...
19 Aug 2025, 06:50 by Newsquawk Desk
- 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 held a phone call in which they discussed the idea of exploring the possibility of raising the level of Russian and Ukrainian representatives in the negotiations.
- S&P...
18 Aug 2025, 11:20 by Newsquawk Desk
- 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 discussed yet and there is no date set for another Trump-Putin meeting.
- European bourses are modestly lower in the aftermath of the Trump-Putin...
18 Aug 2025, 06:45 by Newsquawk Desk
- 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 discussed yet and there is no date set for another Trump-Putin meeting.
- APAC stocks began the week mostly higher following the recent...
15 Aug 2025, 11:56 by Newsquawk Desk
- 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 PMIs (Aug), EZ Consumer Confidence (Aug).
- FRI: Fed Jackson Hole Economic Policy Symposium, Japanese CPI...
15 Aug 2025, 11:25 by Newsquawk Desk
- 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 European morning, ES +0.1%; UNH +12% and INTC +4.5% in the pre-market.
- USD gives back some of its PPI-inspired gains, JPY tops the G10 leaderboard...
15 Aug 2025, 06:50 by Newsquawk Desk
- 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 17:45 (21:45/02:45BST), according to the White House.
- Potential Fed Chair pick Zervos backed aggressive interest rate cuts, according to CNBC; Fed Chair Powell is to speak...
14 Aug 2025, 11:25 by Newsquawk Desk
- 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 to Bessent, USTs await PPI.
- Crude ekes mild gains as attention turns to Trump/Putin.
- Looking...
14 Aug 2025, 07:05 by Newsquawk Desk
- 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-committing on rates.
- Trump said he would like to do a second meeting with Russian President Putin almost immediately which would include Zelensky if the first meeting...
13 Aug 2025, 11:15 by Newsquawk Desk
- 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 kept afloat, and base metals flat; focus on Trump/Putin on Friday.
- Looking ahead, BoC Minutes, US President Trump is to...
13 Aug 2025, 06:55 by Newsquawk Desk
- 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 Bessent stated that the Fed should think about a 50bp cut in September.
- European equity futures indicate a positive cash market open with...
12 Aug 2025, 11:15 by Newsquawk Desk
- 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 with Zelensky flagging a fresh Russian offensive ahead of Friday talks.
- Looking ahead, US CPI (Jul), EIA STEO, OPEC...