22 Jan 2025, 06:55 by Newsquawk Desk
- APAC stocks traded mixed as most major indices took impetus from the gains on Wall St after President Trump's first full day back in office although Chinese markets lagged after Trump suggested 10% tariffs on China.
- US President Trump said they are talking about a 10% tariff on China from 1st February for them sending fentanyl to Canada and Mexico, while he added that the European Union treats the US badly and that the EU will be in for tariffs.
- US President Trump...
21 Jan 2025, 11:30 by Newsquawk Desk
- European bourses are modestly firmer, US futures edge higher with the RTY outperforming ahead of the first full day of trade as Trump returns to office.
- USD bounces back from Monday's selling as tariff threats loom; the Loonie underperforms as Trump signals tariffs on Canada & Mexico.
- Benchmarks have pared initial early morning upside, with USTs a little firmer whilst Bunds dip into the red.
- Crude and base metals on the backfoot amid...
21 Jan 2025, 06:50 by Newsquawk Desk
- APAC stocks were mixed as the initial risk-on sentiment after US President Trump refrained from imposing tariffs on day one faded.
- US President Trump said he is thinking of 25% tariffs on Mexico and Canada and thinks that they will do it on February 1st.
- European equity futures indicate a lower cash open with Euro Stoxx 50 future down 0.4% after the cash market closed with gains of 0.3% on Monday.
- DXY is attempting to recoup some of its...
20 Jan 2025, 06:50 by Newsquawk Desk
- APAC stocks were mostly higher following last Friday's gains on Wall St; markets look ahead to Trump's inauguration.
- Trump provided reprieve for TikTok from the US ban; also said he is set to sign dozens of executive orders within hours of taking office.
- European equity futures indicate a steady cash market open with the Euro Stoxx 50 future flat after the cash market closed higher by 0.8% on Friday.
- DXY is softer but holding above the...
17 Jan 2025, 11:00 by Newsquawk Desk
- European bourses grind higher, US futures modestly in the green.
- USD marginally firmer, JPY softer and GBP knocked lower by disappointing retail sales.
- JGBs lag slightly on further BoJ reports, Gilts gapped higher on Retail Sales.
- Mixed trade in the base metal complex but crude stays firm.
- Looking ahead, US Industrial Production, CBO Budget and Economic Outlook, Comments from ECB’s Cipollone, Earnings from SLB,...
17 Jan 2025, 06:50 by Newsquawk Desk
- APAC stocks were mixed in mostly rangebound trade after the uninspiring handover from Wall St and despite encouraging Chinese GDP and activity data.
- Hang Seng and Shanghai Comp were choppy with only mild support seen after GDP, Industrial Production & Retail Sales beat expectations with China's economy growing 5.4% Y/Y (exp. 5.0%) in Q4 and by 5.0% (exp. 4.9%) for 2024.
- DXY lacked conviction following the headwinds from a dovish Fed Waller; USD/JPY initially...
16 Jan 2025, 11:10 by Newsquawk Desk
- European bourses opened on a strong footing and remain at highs, with Tech and Luxury among top performers; US futures mixed whilst NQ leads.
- USD mixed vs. peers, JPY leads as BoJ hike bets mount after reports noted that BoJ is said to see a good chance of a January rate hike barring a major market rout, following Trump’s inauguration.
- Gilts gap lower despite soft GDP, USTs await data and Treasury Secretary nominee Bessent’s confirmation...
16 Jan 2025, 06:55 by Newsquawk Desk
- APAC stocks traded mostly higher as the region took impetus from the rally on Wall St in the aftermath of the soft-leaning US CPI data which boosted Fed rate cut bets and saw money market pricing of cuts for this year return to around pre-NFP levels.
- US official said a Gaza hostage and ceasefire deal was reached and will take effect on 19th January; the deal outlines a six-week initial ceasefire phase that includes a gradual withdrawal of Israeli forces from central Gaza and the return of...
15 Jan 2025, 11:15 by Newsquawk Desk
- Stocks hold modest gains, FTSE 100 outperforms post-CPI; US bank earnings due.
- DXY lower ahead of US CPI, GBP resilient in the wake of soft inflation metrics, JPY leads.
- Gilts inflated by CPI, JGBs dented by Ueda & USTs await CPI.
- Choppy trade in crude while precious metals tilt higher and base metals trade mixed.
- Looking ahead, US CPI, OPEC MOMR, Fed Beige Book, Speakers including BoE's Taylor, Fed’s Barkin,...
15 Jan 2025, 06:55 by Newsquawk Desk
- APAC stocks were choppy after a similar performance stateside where PPI data printed cooler-than-expected ahead of the incoming US CPI report.
- European equity futures indicate a mildly positive open with Euro Stoxx 50 futures up 0.1% after the cash market closed with gains of 0.5% on Tuesday.
- DXY is flat, EUR/USD rests just below 1.03, Cable is pivoting around the 1.22 mark, JPY leads.
- BoJ Governor Ueda said he wants to discuss and decide...
14 Jan 2025, 11:25 by Newsquawk Desk
- Stocks grind higher as sentiment is lifted on reports that the Trump team is looking at gradual tariff hikes month-by-month of 2-5%.
- DXY is a touch higher, antipodeans lead, JPY gives back Monday's gains.
- Fixed Income is off best levels ahead of US PPI.
- Crude under increasing pressure as a Gaza ceasefire looms; based metals mixed, but precious metals eke mild gains.
- Looking ahead, US PPI, EIA STEO, Fed Discount Rate...
14 Jan 2025, 06:45 by Newsquawk Desk
- APAC stocks traded mixed following the similar performance stateside; Japanese stocks heavily pressured on return from the long weekend.
- US President-elect Trump's team reportedly studies month-by-month tariff hikes of 2%-5%, according to Bloomberg.
- European equity futures indicate a higher open with Euro Stoxx 50 future up 0.8% after the cash market closed with losses of 0.5% on Monday.
- DXY is higher but back on a 109 handle, NZD marginally...
13 Jan 2025, 11:10 by Newsquawk Desk
- Equities continue to slip in a continuation of the downside seen following the strong NFP report.
- DXY is stronger and briefly topped 110.00, GBP remains the underperformer.
- Fixed benchmarks weighed on in a continuation of the post-NFP trade, Gilts hit another incremental contract low.
- Crude surges on US-Russia oil sanctions, with some choppiness surrounding Gaza ceasefire talks.
- Looking ahead, US NY Fed...
13 Jan 2025, 06:45 by Newsquawk Desk
- APAC stocks were mostly negative in reaction to the hot NFP report, while risk sentiment failed to benefit from Chinese trade data.
- European equity futures indicate a lower cash open with Euro Stoxx 50 futures down 0.3% after the cash market finished with losses of 0.8% on Friday.
- DXY is on the front foot and eyeing 110, JPY is marginally firmer vs. the USD, GBP is once again on the backfoot.
- Crude futures gained from the open amid...
10 Jan 2025, 10:55 by Newsquawk Desk
- European bourses trade choppy, US futures edge lower ahead of the US NFP report.
- USD eyes NFP, JPY boosted by BoJ source report, GBP unable to recoup lost ground.
- Fixed income a touch lower ahead of US jobs data, Gilts continue to underperform.
- Crude soars on geopolitical updates, Industrial commodities bolstered by Chinese commentary.
- Looking ahead, US & Canadian Jobs, US UoM Survey, Chinese M2 Money Supply,...
10 Jan 2025, 06:31 by Newsquawk Desk
- APAC stocks were mostly subdued in the absence of a lead from Wall St owing to the National Day of Mourning.
- US President-elect Trump said Russian President Putin wants to meet and 'we' are setting it up.
- Fed’s Bowman (voter) said she supported the December rate cut as a final step in policy calibration.
- European equity futures indicate an uneventful cash market open with Euro Stoxx 50 future -0.1% after the cash market closed with gains of...
09 Jan 2025, 11:10 by Newsquawk Desk
- European bourses are mixed whilst US is away amid the National Day of Mourning in honour of President Jimmy Carter.
- Pound under pressure as Cable hangs by a thread; DXY broadly firmer vs peers (ex-JPY).
- Gilts gap lower and hit 89.00 but have since pared into an imminent parliamentary question, hefty European supply well received.
- Subdued trade in energy but base metals tilt higher.
- Looking ahead, Fed's Harker,...
09 Jan 2025, 06:50 by Newsquawk Desk
- APAC stocks were mostly negative following the cautious mood in global counterparts amid the recent UK bond market turmoil and Trump tariff reports.
- FOMC Minutes stated that participants indicated the Fed was at or near a point at which it would be appropriate to slow the pace of easing.
- European equity futures indicate a flat cash market open with Euro Stoxx 50 futures unchanged after the cash market closed with losses of 0.3% on...
08 Jan 2025, 11:22 by Newsquawk Desk
- European bourses climb modestly into the green after opening around flat, US futures gain.
- DXY continues its rebound ahead of front-loaded US data, currently eyeing 109.00 to the upside.
- Fixed benchmarks contained into a packed US session and 30yr supply.
- Upside in crude, precious metals, and copper, despite a firmer Dollar.
- Looking ahead, Highlights include US Jobless Claims, Wholesale Inventory and EIA Nat Gas...
08 Jan 2025, 06:50 by Newsquawk Desk
- APAC stocks traded mixed following the weak handover from Wall St where tech underperformed as yields climbed after the hot ISM Services and strong JOLTS data.
- Hang Seng and Shanghai Comp were pressured with market participants underwhelmed by the latest NDRC press briefing in Beijing.
- AUD/USD choppy following the latest monthly inflation data from Australia in which the Weighted CPI printed firmer than expected but the annual trimmed mean CPI softened from...
07 Jan 2025, 11:20 by Newsquawk Desk
- European bourses are mixed, US futures gain slightly.
- USD remains soggy vs. peers, EUR digests CPI metrics, Antipodeans lead.
- USTs are contained into data, EGBs lift slightly on HICP, Gilts lag.
- A choppy start for crude while spot gold benefits from the broadly softer Dollar.
- Looking ahead, US ISM Services PMI, JOLTS Job Openings, International Trade, Canadian Imports/Exports, Comments from Fed's Barkin, Supply from...
07 Jan 2025, 06:40 by Newsquawk Desk
- APAC stocks were mostly higher following the tech strength stateside where Nvidia briefly reclaimed the largest market cap title and closed at a fresh record.
- DXY felt some slight reprieve from the prior day's selling pressure, EUR/USD held on to most of yesterday's gains, USD/JPY briefly breached the 158.00 level to the upside.
- Canada reportedly considers an early release of retaliatory tariffs against the US, according to The Globe and...
06 Jan 2025, 11:05 by Newsquawk Desk
- European bourses are generally in the green; the NQ outperforms, with Tech lifted after Foxconn reported record Q4 revenue.
- USD is on the backfoot which has helped to lift G10 peers, JPY underperforms.
- USTs are pressured ahead of 3yr supply; Gilts underperform after a survey showed that 55% of UK businesses intend to lift prices in the next three months (prev. 39%).
- Crude and gold are on the backfoot despite the softer...
06 Jan 2025, 06:49 by Newsquawk Desk
- APAC stocks traded mostly subdued following the lack of macro catalysts over the weekend and as participants digested the mixed signals from Chinese Caixin PMI data, while Japanese markets underperformed in their first trading session of 2025.
- Hang Seng and Shanghai Comp were choppy following the somewhat mixed PMI data in which Chinese Caixin Services PMI data beat expectations, but the Caixin Composite PMI figure slowed.
- US Republican Mike Johnson was re-elected...
03 Jan 2025, 10:55 by Newsquawk Desk
- European bourses are generally lower whilst US futures gain modestly.
- USD is a little lower, holding around the 109.00 mark.
- Mild divergence in fixed income, USTs a little higher whilst EGBs are pressured
- Commodities fail to benefit from a softer Dollar as crude gives back recent strength.
- Looking ahead, US ISM Manufacturing PMI, US House Speaker Vote, Fed’s Barkin & ECB's Lane.