29 May 2025, 07:00 by Newsquawk Desk
- APAC stocks were mostly higher with sentiment underpinned following NVIDIA's earnings and after the Manhattan-based Court of International Trade blocked President Trump's Liberation Day tariffs.
- NVIDIA (NVDA) shares rose 4.9% after hours following earnings which beat on top and bottom lines despite incurring a USD 4.5bln charge in Q1; Q2 revenue outlook 45.0bln (exp. 46.4bln).
- US President Trump ordered US chip designers to stop selling to China, according to FT; US...
28 May 2025, 11:05 by Newsquawk Desk
- European bourses opened mixed but now in the red, US futures also lower ahead of NVIDIA results.
- USD is fractionally extending on Tuesday’s upside, Kiwi leads after RBNZ delivers a hawkish cut.
- 40yr JGB auction weighs, awaiting US supply & FOMC Minutes.
- Energy markets await JMMC/OPEC+; Metals tread water.
- US President Trump says Canada joining the Golden Dome is free if they are the 51st State, adding "They are...
28 May 2025, 06:50 by Newsquawk Desk
- APAC stocks mostly higher following the Wall St. strength, futures since off best awaiting NVIDIA earnings
- US President Trump says Canada joining the Golden Dome is free if they are the 51st State, adding "They are considering the offer!"
- DXY continues to pick up, EUR/USD tests 1.13 to the downside & Cable lost 1.35, JPY choppy
- RBNZ cut as expected, but refrained from overtly dovish language
- JGBs came under...
27 May 2025, 11:10 by Newsquawk Desk
- The EU set to focus on critical sectors in a bid to avoid US tariffs, according to Bloomberg sources.
- Stocks in the green and generally at session highs; NQ +1.7%.
- USD attempts to atone for recent losses, JPY weighed on by a pullback in domestic yields.
- Bonds bid and yields slump on MOF sources, Gilts outperform on this & reports that the UK will be shifting to shorter-term borrowing in order to lower its interest...
27 May 2025, 06:55 by Newsquawk Desk
- APAC stocks traded mixed with price action contained amid a lack of major fresh catalysts and in the absence of a lead from Wall St.
- European equity futures indicate a slightly softer cash market open with Euro Stoxx 50 futures down 0.2% after the cash market finished with gains of 1.3% on Monday.
- DXY is back above 99.00 and attempting to claw back yesterday's downside, EUR/USD is back on a 1.13 handle.
- US President Trump is said to be...
26 May 2025, 06:50 by Newsquawk Desk
- US President Trump announced a delay to the 50% tariff deadline on EU goods to July 9th.
- APAC stocks traded mixed as the initial uplift following Trump's announcement gradually waned.
- European equity futures indicate a higher cash market open with Euro Stoxx 50 futures up 1.6% after the cash market closed with losses of 1.8% on Friday.
- DXY has started the week on the backfoot and has slipped below the 99 mark, EUR/USD is on a 1.14 handle,...
23 May 2025, 13:57 by Newsquawk Desk
- MON: US Holiday (Memorial Day), UK Holiday (Bank Holiday)
- TUE: NBH Policy Announcement; German GfK (Jun), French Prelim. CPI (May), EZ Consumer Confidence (May), US Durable Goods (Apr), Dallas Fed (May)
- WED: RBNZ Policy Announcement, FOMC Minutes (May), Riksbank Financial Stability Report, OPEC JMMC; Australian CPI (Apr), German Unemployment (May), US MBA (w/e 19th May), Richmond Fed (May), Nvidia (NVDA) earnings
- THU: Swiss &...
23 May 2025, 11:09 by Newsquawk Desk
- US President Trump is pushing the EU to cut tariffs or face extra duties with US negotiators to tell Brussels they expect unilateral concessions, according to FT.
- European and US equity futures are trading mixed and generally reside on either side of the unchanged mark.
- USD shunned once again after Thursday’s attempted bounce; JPY benefits from hot core inflation data overnight; GBP little moved to firmer-than-expected Retail Sales.
- Bonds...
23 May 2025, 06:44 by Newsquawk Desk
- APAC stocks were mostly in the green albeit with gains in the region capped following the indecisive performance stateside.
- US President Trump and Chinese President Xi have not spoken since the Geneva agreement, according to CNN.
- US President Trump is pushing the EU to cut tariffs or face extra duties with US negotiators to tell Brussels they expect unilateral concessions, according to FT.
- European equity futures indicate a mildly positive...
22 May 2025, 11:22 by Newsquawk Desk
- US President Trump's Tax/Spending bill is currently being debated in the US House (passed the Rules Committee overnight), the debate has formally hit the two-hour minimum as of the time of publication; vote time TBC.
- European stocks trade lower following the Wall Street and APAC losses; US equity futures attempt to recover recent losses.
- USD mixed vs. peers, EUR and GBP digest PMI metrics, JPY narrowly leads.
- USTs a little firmer finding...
22 May 2025, 06:50 by Newsquawk Desk
- APAC stocks were on the back foot following the sell-off on Wall St where stocks, treasuries and the dollar were pressured amid deficit concerns and a weak 20-year auction.
- US President Trump said he was feeling very good about the bill in Congress; US House Speaker Johnson said on Wednesday that they were yet to decide on a vote on the tax bill that night or on Thursday but added that the Trump tax bill is moving forward.
- Bitcoin extended on gains and printed a...
21 May 2025, 11:14 by Newsquawk Desk
- US House Speaker Johnson said a Thursday tax bill floor vote is still realistic.
- China’s Commerce Ministry said US measures on China's advanced chips are typical of unilateral bullying and protectionism.
- Europe opened mostly lower but now trade mixed, US equity futures are in the red.
- USD remains out of love, GBP digests hot CPI data, EUR/USD back above 1.13.
- Bearish bias in play, Gilts lag after hot CPI, USTs await...
21 May 2025, 06:40 by Newsquawk Desk
- APAC stocks traded with a mild positive bias as the region mostly shrugged off the lacklustre lead from Wall St.
- US House Speaker Johnson said a Thursday tax bill floor vote is still realistic.
- European equity futures indicate a quiet cash market open with Euro Stoxx 50 future flat after the cash market closed with gains of 0.5% on Tuesday.
- DXY is extending its losing streak for a third session, EUR/USD is back above 1.13, Cable sits above...
20 May 2025, 11:00 by Newsquawk Desk
- European bourses are modestly firmer whilst US equity futures sit in negative territory.
- USD remains out of favour, AUD weighed on after the RBA delivered a 25bps cut (as expected) and amid discussion of a 50bps cut.
- JGBs briefly hit by a poor auction, fixed recovery continues into numerous Fed speakers.
- Crude choppy on mixed geopolitics regarding Russia/Ukraine and Iranian nuclear talks.
- Iranian Supreme Leader...
20 May 2025, 06:50 by Newsquawk Desk
- APAC stocks were marginally higher as the region took impetus from the rebound stateside; S&P 500 and Dow notched six-day win streaks
- European equity futures indicate a positive cash market open with Euro Stoxx 50 future up 0.5% after the cash market closed flat on Monday.
- FX markets are broadly steady. AUD lags after the RBA delivered a 25bps cut and cut its inflation outlook.
- US President Trump stated that Russia and Ukraine are...
19 May 2025, 10:55 by Newsquawk Desk
- Moody’s lowered the US’s sovereign rating from AAA to Aa1; Outlook Revised to Stable from Negative and warned of rising government debt and a widening budget deficit.
- US Treasury Secretary Bessent said countries will get a letter with a US tariff rate if they are not negotiating in good faith and he thinks that rate would be the April 2nd level.
- The House Budget Committee approved President Trump's tax cut bill to set up a possible vote as soon as this...
19 May 2025, 07:00 by Newsquawk Desk
- APAC stocks were mostly subdued following the US sovereign rating downgrade by Moody's which spurred a mild 'sell America' impulse (ES -1.1%).
- US Treasury Secretary Bessent said countries will get a letter with a US tariff rate if they are not negotiating in good faith and he thinks that rate would be the April 2nd level.
- The House Budget Committee approved President Trump's tax cut bill to set up a possible vote as soon as this...
16 May 2025, 13:38 by Newsquawk Desk
- MON: Canadian Holiday (Victoria Day), EU-UK Summit; Chinese Industrial Output (Apr), Retail Sales (Apr), House Prices (Apr), EZ HICP Final (Apr)
- TUE: PBoC LPR, RBA Policy Announcement, Norges Bank Financial Stability Report; EZ Current Account (Mar), Consumer Confidence Flash (May), Canadian CPI (Apr), German PPI (Apr), New Zealand Trade (Apr)
- WED: Japanese Trade Balance (Apr),UK CPI (Apr), US MBA (w/e 12th May)
- THU: ECB Minutes...
16 May 2025, 10:50 by Newsquawk Desk
- Stocks are broadly in positive territory; US equity futures are modestly higher ES +0.3%.
- USD on the backfoot but only marginally so, EUR & GBP pivot 1.12 & 1.33 vs the USD.
- Bonds are firmer but are currently set to end a tumultuous week back where they started.
- Crude is awaiting geopolitical updates from numerous regions/conflicts, XAU dips.
- Looking ahead, US Export/Import Prices, UoM Sentiment Survey, BoC...
16 May 2025, 06:40 by Newsquawk Desk
- Mixed APAC trade, US futures range bound while European futures point to a marginally firmer open.
- DXY remains lower after Thursday's data, EUR/USD marginally reclaimed 1.12, USD/JPY found support at 145.00.
- Fixed benchmarks extended/held on to recent gains.
- Crude benchmarks remain underpinned by the latest on US-Iran, metals marginally softer.
- Looking ahead, highlights include US Export/Import Prices,...
15 May 2025, 10:55 by Newsquawk Desk
- European equities are subdued awaiting US data and Fed Chair Powell; US equity futures also tilt lower (ES -0.6%).
- DXY is subdued and contained whilst havens seen some inflows amid the broader risk tone.
- Fixed income benchmarks trade slightly firmer into US data and Fed Chair Powell's speech.
- Crude futures are curtailed by Trump suggesting the US is getting close to a deal with Iran, while metals await data &...
15 May 2025, 06:45 by Newsquawk Desk
- APAC stocks were predominantly lower following the mixed handover from Wall St, where the major indices were somewhat choppy and small caps underperformed as yields edged higher.
- US equity futures were lacklustre with participants awaiting comments from Fed Chair Powell and a slew of US data releases.
- European equity futures indicate a slightly lower cash market open with Euro Stoxx 50 futures down 0.3% after the cash market finished with losses of 0.2% on...
14 May 2025, 11:20 by Newsquawk Desk
- White House economic adviser Hassett says the administration has more than 20-25 deals on the table and when President Trump returns, he will announce the next deal, according to a Fox interview.
- Stocks opened mixed but now hold a downward bias as the risk tone dips; US futures flat/modestly lower.
- DXY is hit and makes a fresh WTD low, JPY leads.
- Bonds hold an upward bias as risk appetite deteriorates, Bunds see modest upside on a...
14 May 2025, 07:00 by Newsquawk Desk
- White House economic adviser Hassett said the administration has more than 20-25 deals on the table with deals close to being finalised and when President Trump returns, he will announce the next deal, according to a Fox interview.
- US President Trump said his relationship with China is good and he could see himself dealing with Chinese President Xi on a deal, according to a Fox News interview.
- US President Trump said the market will go higher and it is amazing what...
13 May 2025, 11:05 by Newsquawk Desk
- White House Executive Order said US will cut the minimum tariff on China shipments from 120% to 54%, and a minimum flat fee of USD 100 is to remain.
- European bourses are modestly firmer while US futures dip into the red. Focus this morning has been on Bloomberg reporting, which suggests China is to lift its ban on Boeing deliveries after the US-China tariff pause.
- DXY takes a breather to the benefit of other G10s; Antipodeans lead.
- EGBs and...