31 Mar 2025, 11:40 by Newsquawk Desk
- US President Trump is said to be pushing senior advisers to go bigger on tariff policy as they prepare for ‘Liberation Day’ on April 2nd; reportedly revived the idea of a flat universal tariff single rate on most imports.
- European bourses and US futures in the red given the above and into month & quarter end, Euro Stoxx 50 -1.5%, ES -1.0%; NQ -1.3% with NVDA pressured.
- DXY has been on either side of the unchanged mark throughout the morning, EUR and GBP...
31 Mar 2025, 06:50 by Newsquawk Desk
- US President Trump is said to be pushing senior advisers to go bigger on tariff policy as they prepare for ‘Liberation Day’ on April 2nd; reportedly revived the idea of a flat universal tariff single rate on most imports.
- APAC stocks were pressured heading into month- and quarter-end amid tariff concerns as Trump's April 2nd Liberation Day drew closer.
- US President Trump threatened to bomb Iran if a nuclear deal can't be reached, while he also warned of secondary...
28 Mar 2025, 11:10 by Newsquawk Desk
- European bourses and US futures approach PCE in the red following the overnight tone and further risk aversion from earthquakes in Myanmar
- Canadian PM to speak with Trump today; EU has mentioned Apple, Meta and PayPal as part of any potential tariff response
- DXY attempts to claw back Thursday's pressure and is firmer vs peers ex-JPY, which is the best performer after Tokyo CPI
- A firmer start for fixed benchmark ahead of US PCE and any...
28 Mar 2025, 06:50 by Newsquawk Desk
- APAC stocks were mostly pressured amid the ongoing themes of tariffs and growth concerns heading closer to next week's 'Liberation Day' and with markets also bracing for the latest US PCE Price Index.
- DXY traded rangebound after weakening yesterday, USD/JPY retreated beneath the 151.00 level amid the underperformance in Japanese stocks and after firmer-than-expected Tokyo CPI data.
- EU reportedly looks to hit big tech in a crackdown on US services exports, according...
27 Mar 2025, 11:05 by Newsquawk Desk
- The US is to impose 25% tariffs on all cars made outside of the US effective on April 2nd
- Trump reiterated that reciprocal tariffs are also set for next week but stated they will be lenient
- Updates which weigh on European equities with Auto names lagging, US futures mixed/firmer
- DXY mixed with GBP outperforming in an attempted recovery from Wednesday's action while JPY lags
- EGBs and USTs diverge as they focus on...
27 Mar 2025, 06:50 by Newsquawk Desk
- APAC stocks were ultimately mixed with cautiousness seen after Trump's latest tariff salvo
- The US is to impose 25% tariffs on all cars made outside of the US effective on April 2nd
- Trump reiterated that reciprocal tariffs are also set for next week but stated they will be lenient
- European equity futures indicate a lower cash market open with Euro Stoxx 50 future down 0.5% after the cash market closed with losses of 1.2% on...
26 Mar 2025, 11:00 by Newsquawk Desk
- Tariffs in focus amid reports that Trump could implement copper tariffs in weeks, elsewhere reports that Canada could find some reprieve
- European bourses opened firmer but have since slumped, US futures are in the red but only modestly so
- GBP lags after UK CPI, EUR/USD attempts to reclaim 1.08, USD/JPY rebounded overnight but is off highs
- Gilts gapped higher on data and extended but have retreated to opening levels into the Spring Statement,...
26 Mar 2025, 06:45 by Newsquawk Desk
- US President Trump said he has April 2nd tariffs set. Separately, reports that copper tariffs could be implemented in weeks.
- US stocks were mixed, European futures point to a mildly positive open. APAC trade mostly firmer but capped.
- DXY posts marginal gains, EUR/USD sub-1.08, USD/JPY gradually rebounded while AUD briefly slipped on CPI.
- USTs continue to pull back from Tuesday's best, Bunds subdued but off post-Ifo...
25 Mar 2025, 11:00 by Newsquawk Desk
- US President Trump sanctioned Venezuelan oil. Elsewhere, India has proposed the removal/reduction of tariffs
- European bourses defied the lead from futures and opened in the green, US futures in the red but only modestly so and hold onto the bulk of Monday's gains
- DXY steady throughout the morning but most recently at a session low to the benefit of peers across the board, EUR also aided by Ifo
- Fixed benchmarks in the red, weighed on by Ifo...
25 Mar 2025, 06:50 by Newsquawk Desk
- APAC stocks trade mixed after the early momentum from tariff-related optimism on Wall St wore thin.
- US President Trump will announce additional tariffs over the next few days on autos, lumber and chips; may give "a lot" of countries breaks on tariffs.
- European equity futures indicate a lower cash market open with Euro Stoxx 50 future down 0.3% after the cash market finished with losses of 0.2% on Monday.
- FX markets are broadly steady with...
24 Mar 2025, 11:10 by Newsquawk Desk
- US President Trump reportedly plans his tariff 'Liberation Day' with a more targeted push, according to Bloomberg over the weekend.
- STOXX 600 began the week on a firmer footing before trimming opening gains after a mixed APAC handover; EZ Flash PMIs were mixed and largely highlighted trade uncertainty.
- DXY is lower after some choppy price action in early European trade. The macro narrative for the US has kicked the week off with a focus on the trade...
24 Mar 2025, 06:50 by Newsquawk Desk
- APAC stocks traded mixed and in a rangebound fashion amid trade-related uncertainty, while weekend newsflow was mostly centred around geopolitics.
- US President Trump reportedly plans his tariff 'Liberation Day' with a more targeted push, according to Bloomberg.
- European equity futures indicate a mildly positive cash market open with Euro Stoxx 50 futures up 0.3% after the cash market closed with losses of 0.5% on Friday.
- USD is mixed vs...
21 Mar 2025, 10:50 by Newsquawk Desk
- European indices hold a negative bias, airliners on the backfoot with Heathrow closed; US futures are also lower.
- USD is broadly firmer vs. peers with macro newsflow on the light side, but ahead of Trump-Hegseth meeting at 15:00GMT.
- Gilts underperform on more unfavourable developments for Reeves, Bunds bid.
- TTF ignites on Sudzha damage, base metals dented by the risk tone.
- Looking ahead, Canadian Retail Sales, EZ...
21 Mar 2025, 06:50 by Newsquawk Desk
- A mixed session of APAC trade, US futures in-fitting after Thursday’s swings while European futures point to a softer open.
- DXY extended past the 104.00 mark, EUR remained subdued and GBP continued to slip, USD/JPY above 149.00
- Fixed benchmarks contained and lacked direction while crude extended on the prior sessions sanctions driven gains
- US President Trump signed an order to increase the production of critical minerals; POTUS to speak with...
20 Mar 2025, 11:05 by Newsquawk Desk
- European risk tone deteriorates with US futures also slumping into the red, potentially driven by EU fiscal focus, post-FOMC pullback and attention returning to tariffs/trade.
- USD up vs. peers, Antipodeans lags, EUR slides and GBP eyes BoE.
- Bonds are bid post FOMC & as the tone deteriorates, Gilts lead on data & reports around the Spring Statement.
- Crude succumbs to the risk-off sentiment, with base metals also heading...
20 Mar 2025, 06:45 by Newsquawk Desk
- Fed maintained rates & dots, cut growth & lifted inflation projections. To slow the balance sheet runoff. Powell emphasized uncertainty, a wait-and-see approach.
- Trump posted "The Fed would be MUCH better off CUTTING RATES as U.S.Tariffs start to transition... into the economy"
- APAC stocks mixed, US futures saw a dovish reaction to the FOMC
- DXY pulled back, EUR/USD & GBP/USD briefly above 1.09 and 1.30...
19 Mar 2025, 11:10 by Newsquawk Desk
- European bourses began the session on the backfoot with the risk tone dented as a few potential factors influenced, US futures modestly firmer pre-Fed
- USD firmer, EUR and GBP hit by JPY-action on Ueda's press conference; BoJ itself was as expected, Ueda began balanced but had some hawkish points in his presser
- Fixed income initially benefited on the slip in the risk tone but has since eased off best with USTs now slightly softer into the...
19 Mar 2025, 06:45 by Newsquawk Desk
- APAC stocks traded mixed as the region lacked firm conviction following the negative handover from Wall St.
- BoJ left rates unchanged as expected; Japan's economy is recovering moderately, albeit with some weak signs.
- European equity futures indicate a steady open with Euro Stoxx 50 future flat after the cash market closed with gains of 0.7%.
- DXY is a touch firmer, EUR/USD is lower but holding above 1.09, JPY is weaker...
18 Mar 2025, 11:10 by Newsquawk Desk
- European bourses are in the green ahead of German fiscal reform while US futures languish near the unchanged mark into data.
- Presidents Trump & Putin to hold a call between 13:00-15:00GMT, which the Kremlin says will last for as long as it takes.
- USD broadly on the backfoot, EUR/USD and GBP/USD both hit fresh YTD peaks while JPY hands back recent gains.
- Bunds softer into the Bundestag vote, USTs essentially flat with yields mixed...
18 Mar 2025, 06:50 by Newsquawk Desk
- APAC stocks were mostly higher after the advances on Wall Street with light catalysts otherwise light.
- Israel's military said it conducted extensive strikes and targets belonging to Hamas in Gaza.
- European equity futures indicate a positive cash market open with Euro Stoxx 50 futures up 0.4% after the cash market closed with gains of 0.8% on Monday.
- DXY is steady above the 103.50 mark, EUR/USD is back on a 1.09 handle, JPY lags again, Cable...
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, 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...