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...
10 Jul 2025, 11:40 by Newsquawk Desk
- European bourses began with modest gains and have gradually increased, largely led by reports of Chinese housing support.
- US futures are contained as newsflow has been limited, ex-China, since the overnight tariff developments.
- DXY is marginally firmer but well within Wednesday's band, G10s flat aside from Antipodeans benefiting from metals action and China support; BRL lags on 50% tariffs
- Fixed benchmarks have been gradually drifting from...
10 Jul 2025, 07:00 by Newsquawk Desk
- US President Trump announced tariff rates for seven countries and later announced a 50% tariff for Brazil; President Trump also announced the US is to impose a 50% tariff on copper, effective August 1st.
- The EU is discussing car import quotas and export credits with the US in trade talks, according to sources cited by Reuters.
- A muted reaction was seen across markets following the FOMC minutes; FOMC Minutes stated that most saw some reduction in the Fed funds rate...
09 Jul 2025, 11:50 by Newsquawk Desk
- US President Trump flagged the release of at least 7 tariff letters today. Reports that the EU is closing in on a temporary "framework" agreement, via FT.
- European bourses began modestly firmer and have been grinding higher since, Euro Stoxx 50 +1.1%; German autos bid on trade nuances, Basic Resources hit by non-US copper performance, Media lags after WPP
- Stateside, futures are in the green and directionally in-fitting with Europe but gains are much more muted, ES...
09 Jul 2025, 06:45 by Newsquawk Desk
- APAC stocks traded mixed following the similar performance stateside where tariff updates remained in focus.
- US President Trump said he will announce something on pharmaceuticals very soon and will be announcing semiconductor tariffs, believes the copper tariff will be 50%.
- President Trump said the US is probably two days off from sending the EU a letter, which means a deal.
- European equity futures indicate a slightly higher cash...
08 Jul 2025, 11:40 by Newsquawk Desk
- US President Trump said the August 1st tariff deadline is firm, but he is open to other ideas.
- European bourses began on the front foot, digesting the deadline pushback and reports that the US offered the EU a 10% tariff deal, via Politico.
- Since, benchmarks have eased off best with the tone now mixed, Euro Stoxx 50 +0.1%. Stateside, non-tariff updates limited, ES +0.1%.
- DXY is giving back some of Monday's gains. AUD outperforms on a...
08 Jul 2025, 06:50 by Newsquawk Desk
- US President Trump sent tariff letters to 14 countries, including Japan, South Korea, South Africa, and Thailand, with tariff rates ranging between 25%-40%.
- Trump also warned against retaliation, although he also delayed the tariff deadline to August 1st - leaving room for negotiation.
- APAC stocks mostly traded with cautious gains as participants digested the Trump letters; Wall Street closed lower.
- RBA defied the broad consensus and instead...
07 Jul 2025, 11:25 by Newsquawk Desk
- US President Trump said 12 nations will receive tariff letters on Monday (deliveries to start from 17:00BST). Also, threatened 10% additional tariff for those aligned with BRICS.
- US Treasury Secretary Bessent said letters to trading partners will notify them that if no deal is reached, they will revert to April 2nd tariff levels; tariffs to take effect on August 1st.
- European bourses began the day with modest gains but action is tentative, Euro Stoxx 50 +0.3%; ES...
07 Jul 2025, 06:50 by Newsquawk Desk
- APAC stocks were mostly subdued with the region cautious ahead of upcoming key events, including central bank announcements and the July 9th tariff deadline.
- US President Trump said 12 nations will receive tariff letters on Monday (deliveries to start from 17:00BST). Also, threatened 10% additional tariff for those aligned with BRICS.
- US Treasury Secretary Bessent said letters to trading partners will notify them that if no deal is reached, they will revert to April...
04 Jul 2025, 06:55 by Newsquawk Desk
- US President Trump said they will start sending letters regarding tariffs and 10 to 12 countries will get a letter on Friday, with tariffs to range from 10%-20% and 60%-70%, while countries are to start paying the new tariff on August 1st.
- US Treasury Secretary Bessent said to expect a flurry of trade deals before July 9th and expect to see about 100 countries get a minimum 10% reciprocal tariff, while he added they are going to be announcing several deals.
- US House...