12 Sep 2025, 10:58 by Newsquawk Desk
- US Treasury Secretary Bessent will meet with Chinese Vice Premier He and other senior Chinese officials next week in Madrid, while Bessent and He are to discuss key US-China national security, economic and trade issues.
- US equity futures are lower across the board, RTY lags. European bourses began marginally firmer, but have since waned.
- USD attempts to recover from the pressure seen on Thursday's data, DXY at highs, while the JPY...
12 Sep 2025, 07:06 by Newsquawk Desk
- US Treasury Secretary Bessent will meet with Chinese Vice Premier He and other senior Chinese officials next week in Madrid, while Bessent and He are to discuss key US-China national security, economic and trade issues.
- US President Trump's administration asked the US appeals court to pause a ruling that blocked the removal of Fed's Cook.
- ECB rate cut debate is said to not be over, but October is seen as too soon, and the next real discussion is more likely in...
11 Sep 2025, 11:00 by Newsquawk Desk
- European bourses are modestly firmer, whilst US equity futures are mixed ahead of the ECB and US CPI.
- DXY is firmer and towards session highs; JPY underperforms, with USD/JPY rising to just shy of the 148.00 mark.
- USTs and Bunds are a touch softer into ECB/US CPI and a 30-year auction following a strong 3- and 10-year outing earlier this week.
- Industrial commodities and gold are subdued, awaiting key risk events; some modest upticks seen on...
11 Sep 2025, 06:44 by Newsquawk Desk
- APAC stocks followed suit to the mixed performance stateside, where the S&P 500 and Nasdaq printed fresh record highs.
- US President Trump's administration appealed the court ruling blocking the removal of Fed Governor Cook.
- US Senate Republicans are aiming to confirm President Trump’s temporary Federal Reserve pick Stephen Miran as soon as Monday, according to Politico, citing two sources
- EU is reportedly very unlikely to impose...
10 Sep 2025, 11:26 by Newsquawk Desk
- Poland said its airspace was repeatedly violated by drones during today's attack by Russia on Ukraine; Poland shot down Russian drones after 'unprecedented airspace violation'. Polish PM Tusk says Poland asked to evoke Article 4 of NATO treaty.
- US President Trump reportedly asked the EU to hit China and India with 100% tariffs to pressure Russian President Putin to end the war.
- US judge temporarily blocked President Trump from removing Federal Reserve Governor...
10 Sep 2025, 06:59 by Newsquawk Desk
- Poland said its airspace was repeatedly violated by drones during today's attack by Russia on Ukraine; Poland shot down Russian drones after 'unprecedented airspace violation'.
- US President Trump reportedly asked the EU to hit China and India with 100% tariffs to pressure Russian President Putin to end the war.
- US judge temporarily blocked President Trump from removing Federal Reserve Governor Cook.
- French President Macron appointed...
09 Sep 2025, 11:27 by Newsquawk Desk
- Global equity futures are modestly mixed; Anglo American & Teck merge to create a USD 50bln mining giant.
- USD is a little lower whilst JPY soars amid hawkish BoJ reports.
- OAT-Bund 10yr spread a little wider in the aftermath of French PM Bayrou’s removal, JGBs hit by BoJ sources.
- BoJ reportedly sees some chance of hiking this year, despite the political situation, via Bloomberg citing sources; likely to keep rates unchanged on September...
09 Sep 2025, 06:45 by Newsquawk Desk
- French PM Bayrou lost the confidence vote in the National Assembly, as expected; French President Macron said he will name a new PM in the coming days.
- UK Chancellor Reeves is to tell ministers to prioritise the fight against inflation in a Cabinet meeting today, according to FT.
- US Senate Banking panel to vote on Miran's Fed nomination on September 10th, according to Bloomberg.
- European equity futures indicate a marginally lower cash market...
08 Sep 2025, 10:45 by Newsquawk Desk
- Japanese PM Ishiba said he has decided to resign as LDP president and gave instructions to hold an emergency LDP leadership election; LDP is making final arrangements for a leadership vote on October 4th, according to TBS.
- US President Trump said Waller, Warsh and Hassett are the three finalists for the Fed chair nomination.
- US-China trade talks have reportedly made little progress towards a deal, and an impasse was hit on the fentanyl issue, according to...
08 Sep 2025, 06:50 by Newsquawk Desk
- Japanese PM Ishiba said he has decided to resign as LDP president and gave instructions to hold an emergency LDP leadership election; LDP is making final arrangements for a leadership vote on October 4th, according to TBS.
- US President Trump said Waller, Warsh and Hassett are the three finalists for the Fed chair nomination.
- US-China trade talks have reportedly made little progress towards a deal, and an impasse was hit on the fentanyl issue, according to...
05 Sep 2025, 10:35 by Newsquawk Desk
- US President Trump said he would be placing chip tariffs “very shortly,” which will be “fairly substantial”, but signalled Apple (AAPL) and others will be safe during his dinner with tech CEOs at the White House on Thursday, according to CNBC.
- US President Trump said they are going to get the war in Ukraine settled; US Defense Department said two Venezuelan military aircraft flew near a US Navy vessel in international waters.
- European bourses are mostly firmer but...
05 Sep 2025, 06:50 by Newsquawk Desk
- US President Trump said he would be placing chip tariffs “very shortly,” which will be “fairly substantial”, but signalled Apple (AAPL) and others will be safe during his dinner with tech CEOs at the White House on Thursday, according to CNBC.
- Fed’s Williams (voter) reiterated that he expects gradual interest rate cuts over time, while he declined to comment if the market's September rate cut view is correct.
- US President Trump said they are going to get the war in...
04 Sep 2025, 11:10 by Newsquawk Desk
- European bourses and US equity futures are modestly firmer ahead of US data.
- USD awaits a data deluge, Antipodeans lag and JPY digests potential US/Japan auto tariff reduction.
- EGBs and Gilts bounce while USTs remain flat into data; Spanish auction was well received, whilst some short-lived pressure was seen on the French outing.
- Oil pulls back as traders brace ahead of this weekend's OPEC meeting; some upside in the complex seen after...
04 Sep 2025, 06:50 by Newsquawk Desk
- APAC stocks followed suit to the mixed performance stateside, where tech and communications outperformed following the Google antitrust ruling, and participants digested dovish data and Fed rhetoric.
- US President Trump said it is possible that someday tariffs will replace income tax.
- UK Chancellor Reeves dismissed forecasts of a GBP 50bln "black hole" in the public finances, despite higher borrowing costs and expected tax rises piling pressure on the chancellor...
03 Sep 2025, 11:09 by Newsquawk Desk
- European bourses are broadly in the green; US equity futures are mixed, with clear outperformance in the NQ, boosted by Google (+5.7% pre-market).
- A US judge ruled Google will not have to sell Chrome or Android in the monopoly case but must share search data with rivals and stop exclusive distribution contracts.
- Contained trade in FX as an early pick-up in the USD fizzled out ahead of JOLTS.
- Early rise in yields have since reversed with...
03 Sep 2025, 06:45 by Newsquawk Desk
- APAC stocks were predominantly lower following the weak handover from Wall St; sentiment dampened by global debt concerns.
- European equity futures indicate a higher cash market open with Euro Stoxx 50 future up 0.3% after the cash market closed with losses of 1.4% on Tuesday.
- DXY is holding onto yesterday's gains, JPY and GBP remain softer vs. the USD after a bruising session on Tuesday.
- USTs lack direction following...
02 Sep 2025, 11:30 by Newsquawk Desk
- US Treasury Secretary Bessent said he plans to write a brief for the US Solicitor General to file that defends US President Trump’s tariffs.
- European bourses opened mixed but are now mostly lower; US futures also slip, with underperformance in the RTY.
- GBP and JPY selling helps support DXY into key US data.
- Political and fiscal turmoil drives yields higher, no move to EZ HICP, USTs await ISM.
- Crude edges higher...
02 Sep 2025, 06:50 by Newsquawk Desk
- APAC stocks traded mostly lower with the region cautious amid a lack of fresh drivers and following the holiday lull stateside.
- BoJ Deputy Governor Himino reiterated it is appropriate to continue raising interest rates in accordance with improvements in the economy and prices but noted high uncertainty.
- European equity futures indicate a slightly softer cash market open with Euro Stoxx 50 future down 0.2% after the cash market closed with gains of 0.3% on...
01 Sep 2025, 06:58 by Newsquawk Desk
- US Appeals Court upheld a ruling that most Trump tariffs were illegal but kept them in place as the case proceeds.
- US was reported on Friday to revoke authorisations for Intel (INTC), SK Hynix (000660 KS) and Samsung (005930 KS) to receive American chipmaking equipment in China unless they obtain licenses, according to the Federal Register.
- US judge did not rule on the dismissal of Fed Governor Cook on Friday and asked both parties to submit subsequent court...
29 Aug 2025, 11:20 by Newsquawk Desk
- Fed's Waller (voter, dovish dissenter) said the time has come to move policy to a more neutral stance and he would support a 25bps cut at the September meeting and anticipates additional rate cuts over the next 3–6 months.
- European bourses underperform on ongoing political uncertainty, UK banks hit on tax worries; US equity futures are lower into US PCE.
- Choppy trade in the USD as markets await Fed's Cook's hearing; GBP underperforms.
- Bonds...
29 Aug 2025, 07:00 by Kevan Viagas
- Fed's Waller (voter, dovish dissenter) said the time has come to move policy to a more neutral stance and he would support a 25bps cut at the September meeting and anticipates additional rate cuts over the next 3–6 months.
- Fed Governor Cook’s lawyers suggested an unintentional “clerical error” may have been behind the mortgage dispute over which President Trump wants her fired. It was separately reported that the judge in Fed's Cook lawsuit set the hearing for this Friday at...
28 Aug 2025, 11:25 by Newsquawk Desk
- European bourses erase early morning strength; NVIDIA (-1.9% pre-market) post-earnings.
- NVIDIA shares are pressured in pre-market trade despite beating on top and bottom lines, as its revenue guidance was not as strong as some were hoping for and with questions remaining regarding chip sales to China.
- USD is flat in quiet trade as FX majors trade in narrow ranges awaiting the next catalyst.
- Bonds see lacklustre trade in quiet newsflow as...
28 Aug 2025, 06:50 by Newsquawk Desk
- US Treasury Secretary Bessent reiterated that there are 11 strong Fed chair candidates, while he added they will start interviews after Labor Day and present a shortlist to President Trump.
- NVIDIA (-3.1%) shares were pressured post-earnings despite beating on top and bottom lines, as its revenue guidance was not as strong as some were hoping for and with questions remaining regarding chip sales to China.
- White House trade advisor Navarro said India can get 25% off...
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...