29 Jul 2025, 06:45 by Newsquawk Desk
- APAC stocks traded with a mostly negative bias after a similar performance among global peers.
- European equity futures indicate a positive cash market open with Euro Stoxx 50 future up 0.2% after the cash market closed with gains of 0.3%.
- FX markets are contained, EUR/USD sits on a 1.15 handle, USD/JPY maintains its footing above the 148 mark.
- Bund futures lacked direction overnight. Crude futures were little changed but held on to most...
28 Jul 2025, 11:20 by Newsquawk Desk
- EU and US agreed on a trade deal with 15% tariffs; EU to buy USD 750bln in US energy, and make USD 600bln in investments.
- EC President von der Leyen later confirmed the 15% rate is for a vast majority of EU exports including cars, semiconductors and pharmaceuticals; 50% tariff on steel and aluminium remains.
- US and China are expected to extend the trade truce by 90 days, according to SCMP. Reuters suggested that talks are to begin in the “afternoon” in...
28 Jul 2025, 06:55 by Newsquawk Desk
- EU and US agreed on a trade deal with 15% tariffs; EU to buy USD 750bln in US energy, and make USD 600bln in investments.
- EC President von der Leyen later confirmed the 15% rate is for a vast majority of EU exports including cars, semiconductors and pharmaceuticals; 50% tariff on steel and aluminium remains.
- US and China are expected to extend the trade truce by 90 days, according to SCMP.
- APAC stocks are mixed...
25 Jul 2025, 10:55 by Newsquawk Desk
- US President Trump said he spoke with Fed Chair Powell on rates and the meeting was productive, while he noted that there was no tension and he repeated several times that he believes Powell will do the right thing.
- European bourses are under pressure but off worst levels, LVMH +4% post-earnings; US futures trade mixed around the unchanged mark.
- DXY is a touch higher, JPY lags, GBP digests retail sales miss.
- USTs essentially flat, Bunds...
25 Jul 2025, 06:55 by Newsquawk Desk
- US President Trump said he spoke with Fed Chair Powell on rates and the meeting was productive, while he noted that there was no tension and he repeated several times that he believes Powell will do the right thing.
- US Treasury Secretary Bessent said the US is in a pretty good place with China on trade, and he will talk to China about them buying sanctioned oil from Russia and Iran.
- Thailand's acting PM said escalation and progression of military exchanges with...
24 Jul 2025, 11:10 by Newsquawk Desk
- US President Trump said they will have straight, simple tariffs of between 15% and 50% on countries, while he added the US is in serious talks with the EU and if they agree to open up to US businesses, US will let them pay lower tariffs.
- European bourses continue to gain, albeit are off best levels; US futures mixed, GOOGL +3%, TSLA -6% in pre-market trade.
- GBP lags on soft PMIs, EUR eyes ECB and potential EU-US breakthrough.
- EGBs hit by...
24 Jul 2025, 06:50 by Newsquawk Desk
- US President Trump said they will have straight, simple tariffs of between 15% and 50% on countries, while he added the US is in serious talks with the EU and if they agree to open up to US businesses, US will let them pay lower tariffs.
- Reports noted that the US and the EU were closing in on a trade deal with a 15% tariff rate, albeit this is yet to be officially confirmed, and White House Trade Adviser Navarro said to take the reports with a pinch of salt.
- EU...
23 Jul 2025, 11:20 by Newsquawk Desk
- US President Trump announced trade deals with the Philippines, Indonesia and Japan, with the latter involving a USD 550bln investment in the US and 15% tariffs for Japanese goods.
- Japanese PM Ishiba is likely to announce resignation as early as this month, according to Yomiuri – reports which he later pushed back on.
- European bourses benefit from the US-Japan trade deal; RTY continues to outperform.
- USD is flat, Antipodeans are the G10...
23 Jul 2025, 06:55 by Newsquawk Desk
- US President Trump announced trade deals with the Philippines, Indonesia and Japan, with the latter involving a USD 550bln investment in the US and 15% tariffs for Japanese goods.
- US stocks closed mixed with underperformance in tech, APAC stocks were mostly higher; Nikkei 225 outperformed.
- Japanese PM Ishiba is likely to announce resignation as early as this month, according to Yomiuri. Other reports suggest...
22 Jul 2025, 11:00 by Newsquawk Desk
- White House Press Secretary Leavitt said they could see more tariff letters for August 1st.
- European bourses are in the red and currently trade at session troughs, US equity futures also incrementally lower.
- DXY is flat awaiting fresh catalysts, whilst Antipodeans lag given the risk-tone.
- JGBs react to the election, bonds elsewhere have a bearish bias, Gilts lag.
- Crude moves in lockstep with risk while base metals...
22 Jul 2025, 06:45 by Newsquawk Desk
- APAC stocks traded mixed after failing to sustain the early upward momentum seen at the open following the fresh record intraday highs on Wall St.
- White House Press Secretary Leavitt said they could see more tariff letters for August 1st.
- European equity futures indicate a lower cash market open with Euro Stoxx 50 future down 0.4% after the cash market finished with losses of 0.3% on Monday.
- DXY is steady, JPY is the marginal laggard as...
21 Jul 2025, 10:50 by Newsquawk Desk
- Japanese PM Ishiba vowed to stay on despite exit polls from the election showing that the ruling coalition lost its majority.
- EU envoys are set to meet as early as this week to formalise a retaliation plan in the event of a possible no-deal scenario with the US, according to Bloomberg.
- European bourses are modestly lower, US equity futures are higher with outperformance in the RTY.
- JPY leads post-election, DXY trundles lower, EUR awaits...
21 Jul 2025, 06:55 by Newsquawk Desk
- Japanese PM Ishiba vowed to stay on despite exit polls from the election showing that the ruling coalition lost its majority.
- APAC stocks began the week mostly in the green, markets in Japan were shut for a holiday.
- EU envoys are set to meet as early as this week to formalise a retaliation plan in the event of a possible no-deal scenario with the US, Bloomberg.
- European equity futures indicate a lower cash market open with Euro Stoxx 50...
18 Jul 2025, 11:00 by Newsquawk Desk
- Fed's Waller says they should cut by 25bps at the July meeting and thereafter adjust meeting-by-meeting.
- European bourses are modestly higher whilst US futures take a breather following recent strength.
- USD a touch softer but still very much up on the week; Antipodeans benefit from the risk tone.
- USTs are firmer whilst Bunds underperform given the positive risk tone.
- Base metals bolstered by the risk tone, precious...
18 Jul 2025, 06:40 by Newsquawk Desk
- S&P 500 and Nasdaq 100 hit record highs, Russell 2000 outperformed for the second consecutive day.
- Fed's Waller says they should cut by 25bps at the July meeting and thereafter adjust meeting-by-meeting.
- APAC stocks predominantly higher, China shrugged off a 93.5% tariff on graphite; European futures point to a firmer open.
- DXY rangebound, EUR/USD reclaimed the 1.16 handle, Antipodeans outperformed after Thursday's AUD...
17 Jul 2025, 11:25 by Newsquawk Desk
- US President Trump said they are very close to an India deal, could possibly make one with Europe & it is too soon to say re. Canada.
- European bourses broadly in the green, whilst US equity futures are mixed; TSMC +4% in pre-market trade after Q2 results.
- USD attempts to recover from Wednesday’s Powell/Trump drama; AUD underperforms post jobs data.
- Fixed benchmarks weighed on by the TSMC-driven risk tone, Gilts underperform after the...
17 Jul 2025, 06:40 by Newsquawk Desk
- US President Trump said they are very close to an India deal, could possibly make one with Europe & it is too soon to say re. Canada.
- US stocks finished higher but with volatile trade amid reports that Trump had drafted a letter to fire Powell; later, Trump denied this.
- DXY has regained some composure after getting hit on Fed independence concerns, G10s softer with AUD lagging after soft jobs data.
- USTs ease after Wednesday's upside,...
16 Jul 2025, 11:00 by Newsquawk Desk
- US President Trump says he is working on five to six trade deals and there will probably be two to three deals by August 1st. Also notes that pharma tariffs will probably begin at month-end and initial tariffs on pharmaceuticals will be low
- European bourses are mixed having clambered off early morning lows, Autos/Tech lags following results from Renault and ASML.
- US equity futures trade on either side of the unchanged mark, NQ lags as it digests ASML’s results where...
16 Jul 2025, 06:50 by Newsquawk Desk
- APAC stocks were mostly subdued following the lacklustre handover from Wall St.
- US President Trump says he is working on five to six trade deals and there will probably be two to three deals by August 1st.
- European equity futures indicate a marginally softer cash market open with Euro Stoxx 50 futures down 0.2% after the cash market closed with losses of 0.3% on Tuesday.
- DXY is fractionally softer after gaining again yesterday, EUR/USD...
15 Jul 2025, 11:20 by Newsquawk Desk
- EU draws up retaliatory tariffs for US goods in case a trade deal is not reached, including aircraft and booze, according to WSJ.
- European bourses are modestly firmer, US futures also gain with clear outperformance in the NQ boosted by NVIDIA.
- NVIDIA (+5% pre-market) to resume H20 sales to China and announces new, fully compliant GPU for China.
- USD a little lower into US CPI, Antipodeans top the G10 pile given the risk...
15 Jul 2025, 06:40 by Newsquawk Desk
- APAC stocks were ultimately mixed with the region indecisive in the aftermath of the latest Chinese GDP and activity data.
- European equity futures indicate a marginally higher cash market open with Euro Stoxx 50 future up 0.3% after the cash market closed with losses of 0.2% on Monday.
- DXY has given back some of yesterday's gains, EUR/USD remains on a 1.16 handle, other majors are contained.
- EU draws up retaliatory tariffs for US goods in...
14 Jul 2025, 11:30 by Newsquawk Desk
- US President Trump sent trade letters to the EU and Mexico announcing 30% tariffs from August 1st (separate from sectoral tariffs).
- The EU is planning to "step up engagement" with other nations impacted by US President Trump's tariffs, according to Bloomberg sources.
- European bourses hampered by US-EU trade developments, US futures also in the red but off worst levels.
- FX & Fixed markets contained as traders continue to look through...
14 Jul 2025, 06:50 by Newsquawk Desk
- US President Trump sent trade letters to the EU and Mexico announcing 30% tariffs from August 1st (separate from sectoral tariffs).
- The EU is planning to "step up engagement" with other nations impacted by US President Trump's tariffs, according to Bloomberg sources.
- APAC stocks were mostly positive but with some cautiousness seen following US President Trump's tariff letters, while the region also reflected on mixed Chinese trade...
11 Jul 2025, 11:20 by Newsquawk Desk
- US President Trump announced a 35% tariff for Canada and flagged a potential 20% blanket tariff for other countries; US is set to keep the tariff exemption for USMCA goods, according to a US official.
- Trump also noted the EU will receive a letter by Friday. Ahead of this, European bourses are in the red with sectors (ex-energy, post-BP) following suit.
- Stateside, futures are lower into a docket headlined by potential trade developments, ES...
11 Jul 2025, 06:50 by Newsquawk Desk
- US President Trump announced a 35% tariff for Canada and flagged a potential 20% blanket tariffs for other countries; US is set to keep the tariff exemption for USMCA goods, according to a US official.
- Brazil's President Lula said the main thing is the reciprocity law, and if US charges 50%, they will charge him 50%.
- US President Trump noted the EU will receive a letter notifying them of new tariff rates by Friday.
- APAC stocks were...