08 Aug 2025, 06:54 by Newsquawk Desk
- POTUS suggested there will be India tariff talks until things are resolved; Bessent said China tariffs can be on the table "at some point".
- Trump appointed CEA Chair Miran as a temporary replacement to fill Kugler's seat at the Fed; BBG reported that Waller is now favourite for Chair.
- European futures point to a firmer cash open, APAC handover mixed amid earnings and into tariff updates.
- DXY firmer with G10s mixed/flat, USTs weak following a...
07 Aug 2025, 11:30 by Newsquawk Desk
- US President Trump said they are going to be putting a very large tariff on chips and semiconductors, which will be at approximately 100%, but added "if you're building in the US, there will be no charge."
- Kremlin Aide Ushakov says an agreement has been reached to hold a meeting with US President Trump and Russian President Putin in the next few days.
- Stocks have been boosted after a Kremlin aide confirmed Trump and Putin are to meet.
- USD is...
07 Aug 2025, 07:00 by Newsquawk Desk
- US President Trump said they are going to be putting a very large tariff on chips and semiconductors, which will be at approximately 100%, but added "if you're building in the US, there will be no charge."
- Crude futures declined yesterday amid Russia/Ukraine optimism following the discussion between the US and Russia which was said to have made progress and with President Trump intending to meet Russian President Putin as soon as next week.
- US President Trump said,...
06 Aug 2025, 11:10 by Newsquawk Desk
- European bourses are modestly higher alongside US futures, RTY outperforms a touch.
- USD is steady as markets ponder Trump's Fed Chair nominee; Antipodeans lead whilst havens lag.
- Gilts hit by the latest assessment of Reeves' fiscal situation, USTs await supply & Fed speak.
- Crude rises as secondary Russian oil sanctions loom alongside US-Russia talks.
- Looking ahead, Fed’s Collins, Cook and Daly, Supply from the...
06 Aug 2025, 06:50 by Newsquawk Desk
- APAC stocks traded somewhat mixed following the subdued handover from Wall St post-ISM services.
- European equity futures indicate a positive cash market open with Euro Stoxx 50 future up 0.3% after the cash market closed with gains of 0.1%.
- DXY is flat, EUR/USD remains on a 1.15 handle and capped by its 200DMA, and antipodeans marginally lead.
- RBI kept the Repurchase Rate unchanged at 5.50%, as expected, and...
05 Aug 2025, 11:00 by Newsquawk Desk
- European and US equity futures are modestly firmer, into a slew of earnings.
- USD is firmer vs. peers but still very much lower post-NFP; havens lag a touch.
- Bonds trade with a marginally bearish bias into a packed afternoon.
- Crude complex is on the backfoot and currently at lows, with XAU pressured by the Dollar.
- Looking ahead, Global Composite and Services Final PMIs, Canadian Trade, US ISM Services, International...
05 Aug 2025, 06:50 by Newsquawk Desk
- APAC stocks were mostly higher following the rally on Wall St where the major indices clawed back post-NFP losses.
- European equity futures indicate a marginally higher cash market open with Euro Stoxx 50 future up 0.3% after the cash market finished with gains of 1.5% on Monday.
- DXY trades higher, but remains below the 99.0 mark, EUR/USD retains its position on a 1.15 handle.
- Fed's Daly (2027 voter) said two rate cuts this year still seems...
04 Aug 2025, 10:50 by Newsquawk Desk
- US President Trump said on Sunday that he will announce a new head of the BLS in the next three or four days.
- US President Trump said he is to announce a replacement for Fed's Kugler in the next couple of days after Kugler resigned on Friday.
- OPEC+ said in a statement that eight members are to raise oil output by 547k bpd in September, citing steady global economic and current healthy market fundamentals; crude slips.
- European bourses are...
04 Aug 2025, 07:00 by Newsquawk Desk
- APAC stocks traded mixed following a quiet weekend of newsflow and last Friday's disappointing Non-Farm Payrolls data.
- US President Trump said on Sunday that he will announce a new head of BLS in the next three or four days.
- US President Trump said he is to announce a replacement for Fed's Kugler in the next couple of days after Kugler resigned on Friday.
- European equity futures indicate a positive cash market open with the Euro Stoxx 50...
01 Aug 2025, 11:20 by Newsquawk Desk
- US President Trump announced tariffs on countries ranging from 10%-41% including a tariff rate of 10% for Brazil, 30% for South Africa, 20% for Taiwan and 25% for India. Canada’s tariff increased from 25% to 35%, while Mexico received a 90-day extension of the current tariff rates.
- Japan eyes a 15% rate for the US chip tariff, on par with EU, with Japan’s trade negotiator stating Japan should be able to secure a 15% rate for the new sectoral tariff the US is planning to impose on chips,...
01 Aug 2025, 06:55 by Newsquawk Desk
- US President Trump announced tariffs on countries ranging from 10%-41% including a tariff rate of 10% for Brazil, 30% for South Africa, 20% for Taiwan and 25% for India. Canada’s tariff increased from 25% to 35%, while Mexico received a 90-day extension of the current tariff rates.
- Japan eyes a 15% rate for the US chip tariff, on par with EU, with Japan’s trade negotiator stating Japan should be able to secure a 15% rate for the new sectoral tariff the US is planning to impose on chips,...
31 Jul 2025, 11:05 by Newsquawk Desk
- BoJ maintained rates as expected, raised growth and inflation outlook. Continued to note uncertainty over trade; Ueda said, no large change to central outlook that growth pace will slow down and underlying inflation stalls.
- US President Trump announced that South Korea will be subject to a 15% tariff and make USD 350bln in investments in the US.
- European bourses opened higher but have waned off best levels, NQ outperforms after stunning earnings from META +12% &...
31 Jul 2025, 06:50 by Newsquawk Desk
- Fed kept rates on hold with dissent from Waller and Bowman. Powell said will not let tariffs become inflationary.
- BoJ maintained rates as expected, raised growth and inflation outlook. Continued to note uncertainty over trade.
- US equity futures rebounded after-hours with strength in tech/AI-related names after Microsoft (+8.3%) and Meta (+11.5%) smashed Q2 earnings.
- US President Trump announced that South Korea will be subject to a 15%...
30 Jul 2025, 11:20 by Newsquawk Desk
- European bourses are mixed amidst a slew of earnings, US futures flat/firmer ahead of a busy data docket and earnings from Meta and Microsoft.
- USD rally pauses for breath as markets await Q2 flash GDP and FOMC.
- USTs contained into numerous US events, Bunds were little moved by national and EZ-wide GDP metrics.
- Crude takes a breather after Tuesday’s rally while gold holds around the unchanged mark.
- Looking ahead, US...
30 Jul 2025, 06:55 by Newsquawk Desk
- US Treasury Secretary Bessent said he will see US President Trump regarding the China tariff pause on Wednesday and some technical details remain on the China tariff pause, while the China tariff extension decision will be up to Trump and if he does not approve tariff pause extension, tariffs on Chinese goods would 'boomerang' back to April 2nd levels, or another level that he chooses.
- US President Trump said Chinese President Xi wants to meet and he thinks it will happen before the end of...
29 Jul 2025, 11:20 by Newsquawk Desk
- European bourses are broadly in the green, alongside strength in US futures ahead of a busy earnings slate.
- USD is firmer, EUR/USD's descent continues as markets digest the EU-US trade agreement.
- USTs await data and a 7yr auction, Bunds are on the backfoot giving back some of the prior day’s upside.
- Crude resumes upside while metals are hampered by the Dollar.
- Looking ahead, highlights include US JOLTS Job Openings,...
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...