17 Mar 2025, 10:55 by Newsquawk Desk
- US Senate voted 54-46 to pass the stopgap funding bill to keep the government funded through September 30th.
- European bourses modestly firmer whilst US futures are in negative territory.
- USD is a touch softer ahead of a risk-packed week; Antipodeans benefit from Chinese data and as China unveiled a plan to boost weak consumption.
- EGBs bid with OATs leading after Fitch while Bunds await fiscal updates.
- Gas deflates...
17 Mar 2025, 06:50 by Newsquawk Desk
- APAC stocks began the week on the front foot following last Friday's resurgence on Wall St and amid encouraging Chinese activity data.
- US Senate voted 54-46 to pass the stopgap funding bill to keep the government funded through September 30th.
- DXY is steady, EUR/USD remains on a 1.08 handle, JPY marginally lags, the rest of G10 FX is contained.
- Crude futures advanced at the open after the US conducted strikes against Houthi militant sites in...
14 Mar 2025, 12:58 by Newsquawk Desk
- MON: Chinese Activity Data (Feb), US Retail Sales (Feb)
- TUE: EZ Trade Balance (Jan), German ZEW Survey (Mar), Canadian CPI (Feb), Japanese Trade Balance (Feb), NVIDIA (NVDA) CEO to speak at GTC
- WED: FOMC Announcement, BoJ Announcement, EZ Final CPI (Feb), New Zealand GDP (Q4)
- THU: BoE Announcement, SNB Announcement, Riksbank Announcement, PBoC LPR Setting, Australian Jobs (Feb), UK Jobs (Jan), Japanese CPI...
14 Mar 2025, 10:50 by Newsquawk Desk
- Stocks gain with sentiment lifted after a strong Chinese session overnight and after the recent market turmoil.
- USD mixed vs. peers, GBP soft post-GDP, JPY weighed on by Rengo data, which showed average wage hike less than demands.
- Gilts gap higher on soft growth data while JGBs lift on Rengo.
- Spot gold makes a fresh record high above USD 3,000/oz; crude oil and base metals benefit from the risk tone.
- Looking...
14 Mar 2025, 06:50 by Newsquawk Desk
- APAC stocks were mostly positive as risk sentiment gradually improved following the negative lead from Wall St where the S&P 500 slipped into a technical correction amid tariff concerns after President Trump threatened 200% tariffs on EU wine and champagne.
- US President Trump said he is not going to change his mind on April 2nd tariffs and won't bend on Canada metals or April 2nd tariffs, while he added they don't need Canada's cars, energy or lumber.
- Russian...
13 Mar 2025, 10:55 by Newsquawk Desk
- European bourses opened lower but have gradually picked up; US futures are modestly lower/flat.
- USD is steady ahead of PPI metrics, fleeting EUR softness as German political tensions mount.
- Bunds are modestly lower awaiting the Bundestag debate while USTs look to PPI and shutdown developments.
- Industrial commodities softer on tariff woes; spot gold inches closer to all-time-highs.
- Looking ahead, US Initial Jobless...
13 Mar 2025, 06:50 by Newsquawk Desk
- White House Press Secretary said the CPI report is welcome news, and the Trump administration is focused on driving down costs; White House Economic Adviser Hassett said he expects US GDP growth to be 2.0%-2.5% in Q1, according to a Fox News interview.
- US Senate Democratic Leader Schumer said Senate Republicans do not have the votes to approve the House-passed government spending bill without amendments.
- APAC stocks were subdued as risk appetite soured despite the...
12 Mar 2025, 11:10 by Newsquawk Desk
- European bourses are in the green as sentiment in the complex improves; US futures are also higher with the NQ slightly outperforming.
- USD is a little firmer ahead of US CPI data, JPY lags peers.
- Bonds are bearish overall amid supply, inflation updates & German fiscal developments.
- Oil and base metals firmer, gold trades sideways ahead of US CPI.
- Looking ahead, US CPI, BoC & NBP Policy Announcements, OPEC...
12 Mar 2025, 06:55 by Newsquawk Desk
- APAC stocks traded mixed following the choppy performance stateside where the focus was centred on tariff rhetoric and Ukraine ceasefire talks.
- US President Trump's 25% tariffs on steel and aluminium took effect with no exemptions; cancelled 50% tariff on Canada.
- Ukraine expressed readiness to accept the US proposal to enact an immediate and interim 30-day ceasefire.
- European equity futures indicate a positive cash market open with Euro...
11 Mar 2025, 10:50 by Newsquawk Desk
- European bourses are mixed; US futures are firmer attempting to consolidate following the prior day’s hefty losses.
- DXY hits a fresh YTD low as EUR/USD reclaimed 1.09 on German defence spending optimism.
- USTs hold near unchanged while Bunds slump on the latest fiscal updates.
- Commodities broadly supported by a diving Dollar; XAU back above USD 2.9k.
- Looking ahead, US JOLTS, EIA STEO Speakers including ECB’s Lagarde,...
11 Mar 2025, 06:50 by Newsquawk Desk
- APAC stocks took their cues from the tech-led sell-off stateside after the Nasdaq suffered its worst day since 2022.
- European equity futures indicate a positive cash market open with Euro Stoxx 50 futures up 0.4% after the cash market finished with losses of 1.5% on Monday.
- US equity futures (ES +0.2%, NQ +0.1%) regained some composure after the prior day's sell-off which saw the S&P 500 fall to a six-month low.
- DXY is steady after a...
10 Mar 2025, 11:00 by Newsquawk Desk
- European bourses opened higher but quickly succumbed to selling pressure as sentiment took a hit; US futures are in the red, NQ -1.2%.
- A choppy start to the week with USD failing to bounce back from last week's selling; JPY leads.
- Bonds are propped up by a deterioration in sentiment, offsetting initial Bund pressure on fiscal-related developments.
- Crude consolidates, precious metals are cushioned, and base metals are hit after Chinese...
10 Mar 2025, 06:50 by Newsquawk Desk
- APAC stocks began the week mixed amid tariff-related concerns and as participants digested the softer-than-expected Chinese inflation data.
- US House Republicans unveiled a stopgap funding bill to keep the government funded through September 30th.
- US President Trump said on Friday regarding Canada that he may do reciprocal tariffs as early as Friday or Monday; added the EU has been a terrible abuser.
- European equity futures indicate a...
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...