24 Feb 2025, 11:20 by Newsquawk Desk
- European bourses mostly firmer with clear outperformance in the DAX 40 after CDU/CSU wins the German election; US futures gain.
- EUR firmer post-German election, but off best levels, USD mixed vs. peers.
- Two-way action in Bunds as Merz secures the Chancellery but a blocking minority exists, Gilts await BoE speak.
- Crude flat, precious metals mixed, and base metals mostly lower amid tariff woes.
- Looking ahead, US...
24 Feb 2025, 06:55 by Newsquawk Desk
- APAC stocks began the week mixed after last Friday's sell-off on Wall St and amid holiday-quietened trade with Japanese markets closed for the Emperor's Birthday, while participants also reflected on the results from Sunday's German election.
- DAX futures rallied by 1%, Bund futures marginally softened, EUR/USD outperformed and reclaimed the 1.0500 handle as Germany’s CDU/CSU won the election on Sunday with a Grand coalition possible; far-right AfD came second.
- US...
21 Feb 2025, 11:20 by Newsquawk Desk
- European bourses are mostly higher after paring initial pressure following dire French PMIs; US futures are modestly mixed.
- DXY attempts to recoup lost ground, EUR weighed on by PMIs, JPY hit by Ueda remarks.
- BoJ Governor Ueda said if markets make abnormal moves, the BoJ stands ready to respond nimbly, such as through market operations, to smooth market moves.
- Bunds bolstered by soft PMI metrics; Commodities are pressured by the firmer...
21 Feb 2025, 06:50 by Newsquawk Desk
- APAC stocks traded mostly higher albeit with mixed price action seen following the subdued handover from Wall St where stocks declined amid geopolitical uncertainty, disappointing data and weak Walmart guidance, while participants in the region digested earnings releases and central bank commentary.
- Fed's Kugler (voter) said she believes the Fed should hold the policy rate in place for some time and noted there is currently a lot of uncertainty about the potential effect of President...
20 Feb 2025, 11:45 by Newsquawk Desk
- US President Trump remarked that a new trade deal with China is possible; EU's Sefcovic says they are prepared to talk about reducing the 10% US auto tariff.
- European bourses opened mixed but have gradually edged higher; US futures modestly lower.
- USD is softer vs. peers, JPY benefits from yield dynamics, AUD boosted post-jobs.
- USTs inch higher continuing post-FOMC price action while EGBs remain in the red.
- Crude and...
20 Feb 2025, 07:00 by Newsquawk Desk
- US President Trump remarked that a new trade deal with China is possible; EU's Sefcovic says they are prepared to talk about reducing the 10% US auto tariff
- FOMC Minutes showed various participants believed it might be appropriate to pause/slow balance sheet runoff given debt ceiling dynamics, supporting USTs.
- Fed's Jefferson said they can take their time weighing the next move and Goolsbee said inflation is too high, once it comes down rates...
19 Feb 2025, 11:50 by Newsquawk Desk
- Sentiment hit across markets after Ukrainian President Zelensky pushes back against US-Russian talks, with equities at fresh lows.
- USD a little firmer, NZD leads post-RBNZ, GBP contained after mixed inflation metrics.
- Crude firmer while aluminium spikes on EU's 16th sanctions package on Russia.
- Gilts lag after UK CPI, USTs await 20yr supply & FOMC Minutes, Bunds hit by hawkish ECB Schnabel comments.
- Looking...
19 Feb 2025, 06:50 by Newsquawk Desk
- APAC stocks traded mixed following the somewhat choppy performance stateside.
- President Trump stated he will impose 25% tariffs on autos, pharmaceuticals and chips.
- European equity futures indicate a slightly lower open with Euro Stoxx 50 futures down 0.1% after the cash market closed with gains of 0.3% on Tuesday.
- The RBNZ delivered a third consecutive 50bps rate cut and signalled further cuts ahead; likely to step down to 25bps...
18 Feb 2025, 11:30 by Newsquawk Desk
- European bourses are mixed with price action choppy; US futures gain a touch awaiting geopolitical updates as US and Russia begin Ukraine peace talks.
- USD is broadly firmer vs. peers, AUD bucks the trend after the RBA delivered a cautious cut.
- Gilts underperform on wage data though Bailey has pared some of this, EU joint issuance in focus.
- Crude and gold remain underpinned by geopolitics despite the firmer...
18 Feb 2025, 06:50 by Newsquawk Desk
- APAC stocks traded somewhat mixed in the absence of a lead from Wall St owing to the Presidents' Day holiday.
- Fed's Waller (voter) said the Fed cannot let uncertainty about policy paralyse action but it is appropriate to keep rates on hold for now.
- RBA delivered a widely expected 25bps rate cut but also noted the board remains cautious on prospects for further policy easing.
- European equity futures indicate a marginally softer cash...
17 Feb 2025, 06:45 by Newsquawk Desk
- APAC stocks began the week mixed after a lack of major macro drivers from over the weekend aside from stronger-than-expected Japanese GDP.
- US President Trump said his meeting with Putin could happen very soon, according to Reuters.
- US Secretary of State Rubio, National Security Adviser Waltz and Special Envoy Witkoff are to travel to Saudi Arabia to start Ukraine-Russia peace talks.
- European equity futures indicate an uneventful cash market...
14 Feb 2025, 11:25 by Newsquawk Desk
- European bourses & US futures began the session mixed but have deteriorated on geopols; Luxury lifted by Hermes post-earnings.
- USD remains pressured post-Trump tariff announcement, Antipodeans lead.
- Bonds retain a bearish bias but are off lows as geopolitics drives recent price action
- Gas continues to deflate, crude rangebound & metals advance.
- Russia has said its officials are not attending the Munich...
14 Feb 2025, 06:40 by Newsquawk Desk
- US President Trump signed a memorandum to introduce a reciprocal tariff plan; delayed implementation provided optimism regarding negotiations.
- APAC stocks were mostly higher following the positive handover from Wall St; S&P 500 and Nasdaq closed with gains of over 1%.
- European equity futures indicate a negative cash market open with Euro Stoxx 50 future down 0.4% after the cash market closed with gains of 1.8% on Thursday.
- USD is...
13 Feb 2025, 11:35 by Newsquawk Desk
- US President Trump did not sign reciprocal tariffs order on Wednesday after stating that he may, while the White House schedule showed President Trump is to sign executive orders on Thursday at 13:00EST/18:00GMT.
- Stocks mostly firmer on constructive geopolitical updates; US futures are mixed ahead of PPI.
- USD softer as markets weigh potential Ukraine peace deal and lack of reciprocal tariffs (so far).
- Bonds attempt to recoup CPI-driven...
13 Feb 2025, 06:55 by Newsquawk Desk
- APAC stocks traded somewhat mixed albeit with a mostly positive bias among the major indices following the two-way price action across global markets owing to hot US CPI data and geopolitical optimism.
- US President Trump posted on Truth that he had a lengthy and highly productive phone call with Russian President Putin, and they agreed to have their respective teams start negotiations immediately. Trump then said he spoke to Ukrainian President Zelensky and the conversation went very...
12 Feb 2025, 11:35 by Newsquawk Desk
- US President Trump responded "We'll see" when asked if reciprocal tariffs are still coming on Wednesday.
- European bourses hold an upward tilt pre-US CPI and with tariffs capping optimism; US futures are mixed.
- USD steady ahead of CPI, JPY is on the backfoot given the yield environment.
- USTs trade steady ahead of CPI, German yields continue their march higher.
- Crude slips on inventories which saw a surprise build in...
12 Feb 2025, 06:55 by Newsquawk Desk
- APAC stocks were ultimately mixed with price action somewhat choppy following the similar performance stateside.
- US President Trump responded "We'll see" when asked if reciprocal tariffs are still coming on Wednesday.
- European equity futures indicate a marginally positive cash market open with Euro Stoxx 50 future up 0.2% after the cash market closed with gains of 0.6% on Tuesday.
- FX markets are broadly steady asides from JPY which is the...
11 Feb 2025, 11:05 by Newsquawk Desk
- US President Trump signed proclamations to reimpose a 25% tariff on steel and aluminium imports and declared there are no exceptions or exemptions, effective March 12th.
- US President Trump said they are looking at tariffs on cars, pharmaceuticals and chips and will hold meetings over the next four weeks, while they will do reciprocal tariffs over the next two days; Trump also commented that tariffs on metals could go higher and he does not mind if other countries...
11 Feb 2025, 07:00 by Newsquawk Desk
- US President Trump signed proclamations to reimpose a 25% tariff on steel and aluminium imports and declared there are no exceptions or exemptions, effective March 12th.
- US President Trump said they are looking at tariffs on cars, pharmaceuticals and chips and will hold meetings over the next four weeks, while they will do reciprocal tariffs over the next two days; Trump also commented that tariffs on metals could go higher and he does not mind if other countries...
10 Feb 2025, 11:25 by Newsquawk Desk
- US President Trump said he will announce 25% tariffs on all steel and aluminium coming into the US on Monday and unveil reciprocal tariffs on Tuesday or Wednesday which will go into effect almost immediately.
- Stocks hold a positive bias despite tariff updates from Trump; NQ outperforms, whilst US steel names surge.
- USD is mixed vs. peers as tariff updates dominate newsflow; JPY underperforms.
- USTs are flat, Bunds are a touch higher as tariff...
10 Feb 2025, 06:50 by Newsquawk Desk
- APAC stocks saw mixed price action as participants reflected on last Friday's NFP print and President Trump's latest tariff remarks.
- US President Trump said he will announce 25% tariffs on all steel and aluminium coming into the US on Monday and unveil reciprocal tariffs on Tuesday or Wednesday which will go into effect almost immediately.
- European equity futures indicate a mildly positive cash market open with Euro Stoxx 50 future up 0.3% after the cash market...
07 Feb 2025, 11:10 by Newsquawk Desk
- Stocks and bonds trade tentatively ahead of US NFP and ECB Natural Interest Rate.
- AMZN -2.6% pre-market after it beat expectations but issued weak Q1 guidance.
- USD mixed vs. peers ahead of NFP, GBP is attempting to recoup lost ground, havens narrowly lag.
- Upward bias in industrial commodities while precious metals await US jobs.
- Looking ahead, ECB Staff Revision of Natural Interest Rate, US NFP, Payrolls Benchmark...
07 Feb 2025, 07:00 by Newsquawk Desk
- APAC stocks traded mixed following the similar performance stateside where price action was choppy amid soft data and as participants looked ahead to the latest key US jobs report.
- Amazon (AMZN) shares slipped 4.1% after-market as Q1 net sales guidance fell notably short of analysts' expectations.
- RBI cut the Repurchase Rate by 25bps to 6.25%, as expected, via a unanimous vote and unanimously decided to maintain a neutral policy stance; Mexican Interest Rate 9.5%...
06 Feb 2025, 11:25 by Newsquawk Desk
- European bourses at highs; US futures edge higher ahead of a slew of earnings.
- USD attempts to recoup lost ground, EUR/USD back below 1.04, GBP awaits BoE.
- Bonds in the red but off lows via a strong French auction & stagflationary UK data amid reports of a UK Cabinet reshuffle.
- Metals trade mixed amid the Dollar but crude holds an upward bias.
- Looking ahead, US Jobless Claims, BoE, CNB & Banxico Policy...
06 Feb 2025, 06:50 by Newsquawk Desk
- APAC stocks followed suit to the gains on Wall St where sentiment was underpinned amid a softer yield environment and the lack of trade war escalation.
- US Treasury Secretary Bessent said Trump wants lower 10-year yields; is not calling for the Fed to lower rates.
- European equity futures indicate a positive cash open with Euro Stoxx 50 future up 0.5% after the cash market closed with gains of 0.1% on Wednesday.
- DXY is sub-108,...