Newsquawk

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  • US President Trump threatened to impose 200% tariffs on French wines and Champagne following France's intention to decline the invitation to join his 'Board of Peace'.
  • US President Trump said he had a good phone call with NATO Secretary General Rutte about Greenland, and has agreed to meet various parties in Davos. 
  • Spot XAU extended beyond USD 4700/oz, and DXY eventually dipped below 99.00 amid a continuation of...
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  • US President Trump imposed a 10% tariff on eight European countries, effective February 1st, over Greenland. The tariff will be increased to 25% on June 1st, unless a deal is reached for the purchase of Greenland.
  • The EU is preparing EUR 93bln of tariffs on the US or restrict American companies from the European market, in retaliation to the latest threat by US President Trump, as European leaders meet for an emergency meeting on Thursday, the FT...
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  • MON: US Holiday (MLK Day), Eurogroup Summit; EZ Final HICP (Dec), Canadian CPI (Dec), Chinese GDP (Q4), US Leading index (Oct), Housing Starts/Building Permits (Oct), Philadelphia Fed (Jan), New Home Sales (Nov), Australian Flash PMIs (Jan)
  • TUE: PBoC LPR, EU Economic & Financial Affairs Council, UK Unemployment Rate & Average Earnings (Nov), Swiss Producer Prices (Dec), German ZEW (Jan), French & German Flash PMIs (Jan)
  • WED: IEA OMR; UK CPI...
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  • A White House Official said the chip announcement on Wednesday was 'phase one' action and there could be other announcements, pending ongoing negotiations with other countries and companies.
  • European bourses are mostly lower; US equity futures gain, with mild outperformance in the NQ.
  • DXY is flat/slightly lower, JPY gains on reports of a BoJ hike as soon as April and further jawboning.
  • Bearish start for fixed into data and speakers; OATs...
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  • A White House Official said the chip announcement on Wednesday was 'phase one' action and there could be other announcements, pending ongoing negotiations with other countries and companies.
  • Japanese Finance Minister Katayama said FX intervention is a potential option under the US-Japan agreement and expressed readiness to take decisive action while keeping all options on the table.
  • DXY continued to fall from the 99.40 peak made early in the APAC session; USD/JPY...
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  • European bourses are broadly firmer, with US equity futures also in the green; NQ outperforms after strong earnings from TSMC (+5.7% pre-market).
  • China is said to be drafting purchase rules for NVIDIA's (NVDA) H200 chips, Nikkei reported, as it seeks to balance support for domestic chip development with the needs of Chinese technology firms.
  • DXY is flat; USD/JPY briefly slipped on reports that the BoJ is to keep rates steady in January.
  • USTs...
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  • US President Trump said he has been told the killing in Iran is stopping, no plan for executions. This followed earlier reports that strikes on Iran could take place within the next 24 hours as Trump is said to have decided to intervene in the regime’s crackdown, according to The Telegraph.
  • China is said to be drafting purchase rules for NVIDIA's (NVDA) H200 chips, Nikkei reported, as it seeks to balance support for domestic chip development with the needs of Chinese technology...
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  • Beijing is no longer seeking to make new advances into LatAm in the near term, WSJ sources report; instead, focus shifted towards if the Western Hemisphere belongs to the US, then the Taiwan Strait belongs to China, but this does not mean immediate action.
  • WSJ source reports suggested that incentives under consideration by Chinese officials to woo the US into a strategic retreat from the Taiwan Strait include Beijing potentially agreeing to buy billions of USD in long-term...
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  • US posted a licence review rule for chip exports to China and Macau; US eased the criteria to approve the NVIDIA (NVDA) H200 chip exports to China; NVIDIA H200 chips are covered by the export licence review rule.
  • Beijing is no longer seeking to make new advances into LatAm in the near term, WSJ sources report; instead, focus shifted towards if the Western Hemisphere belongs to the US, then the Taiwan Strait belongs to China, but this does not mean immediate...
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  • European bourses are tentative whilst US equity futures are modestly lower as markets await US CPI.
  • DXY is flat/incrementally firmer, USD/JPY briefly topped 159.00 as Takaichi eyes a snap election; some modest strength in JPY overnight, on Finance Minister Katayama who said US Treasury Secretary Bessent shares the concerns over the weak JPY.
  • Bearish bias from APAC trade, driven by JGBs. Bunds mildly pressured on a weak Bobl outing.
  • Spot gold...
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  • Trump admin nears a deal with Taiwan; trade deal would cut tariffs and include a commitment from TSMC (TSM) to build more manufacturing plants in the US.
  • USD/JPY initially saw weakness following comments by Japan’s FinMin Katayama stating that US Treasury Secretary Bessent shares the concerns over the weak JPY; PM Takaichi confirmed her intent to hold snap elections, Kyodo reports.
  • US President Trump has been briefed on a range of military and covert options against...
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  • US Federal prosecutors have opened a criminal investigation into Fed Chair Powell over the central bank’s renovation of its Washington headquarters, and whether Powell lied to Congress about the scope of the project, NYT reported, citing officials.
  • US President Trump said Iran has proposed negotiations after he threatened action against Tehran for the crackdown on protesters, AP News reported.
  • US President Trump is to be briefed on Tuesday on "some kinetic and many...
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  • US Federal prosecutors have opened a criminal investigation into Fed Chair Powell over the central bank’s renovation of its Washington headquarters, and whether Powell lied to Congress about the scope of the project, NYT reported, citing officials.
  • Fed Chair Powell said the DoJ served the Fed with subpoenas, threatening indictment; Powell said he will continue to do the job.
  • US President Trump said Iran has proposed negotiations...
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  • MON: Japanese Holiday (Coming of Age Day); M2 & New Yuan Loans (Dec)
  • TUE: EIA STEO; US NFIB (Dec), CPI (Dec)
  • WED: NBP Policy Announcement; US PPI (Nov; Oct-cancelled), US Retail Sales (Nov)
  • THU: UK GDP Estimate (Nov), EZ Trade (Nov), US Export/Import Prices (Dec; Nov-cancelled), NY Fed Mfg survey (Jan), Weekly Claims (w/e 3rd Jan), Chinese House Prices (Dec)
  • FRI: US Industrial Production...
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  • US President Trump cancels a second attack on Venezuela, suggesting the two countries “are working well together”.
  • US President Trump said companies will spend at least USD 100bln in Venezuela, and he will be meeting oil executives today.
  • European equities open firmer; Rio Tinto (-2%) & Glencore (+8%) resume merger talks; US equity futures trade tentatively ahead of NFP.
  • DXY moves higher whilst USTs trade steady ahead of key US data; JPY...
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  • APAC stocks followed suit to the mixed performance on Wall Street with the regional bourses predominantly in the green, albeit with traders bracing for the US Non-Farm Payrolls report and a potential Supreme Court's ruling on tariffs.
  • US President Trump warned that the US will hit Iran hard if they kill rioters.
  • US President Trump said companies will spend at least USD 100bln in Venezuela, and he will be meeting oil executives today.
  • Big...
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  • US President Trump's team is working up a sweeping plan to control Venezuelan oil for years to come, according to WSJ.
  • US President Trump posted that Venezuela is going to be purchasing only American-made products with the money received from the new oil deal with the US.
  • European and US equity futures are broadly on the backfoot; China is to reportedly approve some NVIDIA H200 purchases as soon as this quarter.
  • DXY incrementally firmer...
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  • APAC stocks eventually traded mostly negative following a similar handover from Wall Street, where the S&P 500 and DJIA pulled back from record highs.
  • USD/JPY saw two-way trade with early upside as Japanese yields ticked lower following softer-than-expected wage data from Japan, but then reversed course as the negative risk tone in Japan spurred some mild haven currency flows.
  • US President Trump's team is working up a sweeping plan to control Venezuelan oil for...
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  • Crude pressured after US President Trump announced that Venezuelan authorities will be turning over 30mln-50mln barrels of oil to the US.
  • China's Commerce Ministry announced an anti-dumping probe into Japan Dichlorosilane imports; a key material used during chip manufacturing.
  • European and US equity futures are mixed; NVIDIA (NVDA) CEO says Chinese demand for its AI chips is quite high.
  • Choppy but contained FX trade as markets await economic...
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  • APAC stocks traded somewhat mixed as momentum began to wane despite the fresh record levels on Wall Street.
  • Nikkei 225 lagged amid Japan's frictions with China after the latter imposed export controls on dual-use items to Japan.
  • Spot gold pulled back from resistance at the USD 4,500/oz level, with some mild selling pressure seen across the commodities complex.
  • US President Trump announced that Venezuelan authorities will be turning over...
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  • US President Trump is scheduled to deliver remarks at a GOP member retreat at 10:00EST/15:00GMT on Tuesday and will participate in a meeting at 14.30EST/19:30GMT on Tuesday.
  • China Commerce Ministry imposes export controls on dual-use items to Japan, effective immediately.
  • European bourses are mostly firmer; US equity futures are mixed, with the RTY under slight pressure.
  • Mostly uneventful trade across G10s but EUR subdued post-PMI &...
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  • APAC stocks were mostly higher following the positive handover from Wall Street, where all major indices gained amid outperformance in energy and a softer yield environment.
  • US President Trump is scheduled to deliver remarks at a GOP member retreat at 10:00EST/15:00GMT on Tuesday and will participate in a meeting at 14.30EST/19:30GMT on Tuesday.
  • Witnesses reportedly heard loud blasts near the Presidential Palace in Caracas, Venezuela, according to Bloomberg's Erik...
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  • US President Trump announced on Saturday that the US successfully carried out a large-scale strike against Venezuela, while he added that President Maduro and his wife were captured and flown out of Venezuela.
  • US President Trump said they are ready to stage a second strike if necessary and had assumed a second wave was needed, but now probably not.
  • US President Trump signalled the US could widen its focus in the region to Cuba, and he will be meeting with House...
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  • US President Trump announced on Saturday that the US successfully carried out a large-scale strike against Venezuela, while he added that President Maduro and his wife were captured and flown out of Venezuela.
  • US President Trump said they are ready to stage a second strike if necessary and had assumed a second wave was needed, but now probably not.
  • US President Trump signalled the US could widen its focus in the region to Cuba, and he will be meeting with House...
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  • SUN: OPEC+
  • MON: European Epiphany holiday (No After-Hours Trading in Italy); UK Mortgage Approvals/Lending (Nov), US ISM Manufacturing PMI (Dec), Final PMIs (Dec)
  • TUE: European Epiphany holiday (No After-Hours Trading in Italy); French & German Prelim HICP (Dec), EZ Final PMIs (Dec), UK Final PMIs (Dec)
  • WED: Australian CPI (Nov), German Retail Sales (Nov), Unemployment (Dec), Chinese FX Reserves (Dec), EZ Flash HICP (Dec), US...
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