28 Feb 2025, 06:50 by Newsquawk Desk
- US President Trump clarified that there will be a 10+10 tariff on China for a total of 20% additional tariffs and that the proposed tariffs on Canada and Mexico are scheduled to go into effect on March 4th.
- US stocks closed notably in the red with the Nasdaq 100 (-2.8%) the clear laggard as the Technology sector was heavily pressured alongside significant losses in NVIDIA (-8.6%).
- APAC stocks declined with heavy pressure seen at month-end following the sell-off on...
27 Feb 2025, 11:30 by Newsquawk Desk
- NVIDIA +1.1% in US pre-market after headline beats whilst Q1 gross margins are seen easing.
- European bourses on the backfoot with sentiment hit in Europe amid Trump’s EU tariff threats; US futures gain.
- Pick-up in US yields provides reprieve for USD, USD/JPY eyes a test of 150.
- Crude trims recent losses but metals pressured by a firmer Dollar.
- Looking ahead, US Durable Goods, GDP 2nd Estimate (Q4), Core PCE Prices...
27 Feb 2025, 06:52 by Newsquawk Desk
- APAC stocks followed suit to the mixed performance stateside for most of the session after tariff-related confusion and NVIDIA's earnings.
- US equity futures eked slight gains in predominantly uneventful trade but were indecisive and immediately fluctuated post-NVIDIA (-1.5% aftermarket) earnings despite the AI darling beating on top and bottom lines.
- White House still plans to implement 25% tariffs on imports from Canada and Mexico next week, at least for now —...
26 Feb 2025, 11:15 by Newsquawk Desk
- European bourses gain and currently reside at highs; US futures also stronger with NQ outperforming ahead of key NVIDIA results.
- DXY attempts to claw back recent losses, EUR/USD lingers around 1.05.
- USTs are off lows but remain in the red while EGBs inch higher.
- Crude choppy, gas subdued, but metals hold a positive bias as the complex digests Trump tariff investigations into copper.
- Looking ahead, US New Homes Sales,...
26 Feb 2025, 06:25 by Newsquawk Desk
- APAC stocks traded mixed as a tech rally in China offset the weak handover from Wall St where the Nasdaq led the declines once again.
- US Commerce Secretary Lutnick said they will investigate the possible imposition of tariffs to rebuild the US copper industry.
- European equity futures indicate a positive cash market open with Euro Stoxx 50 future up 0.7% after the cash market closed with losses of 0.1% on Tuesday.
- DXY is attempting to claw...
25 Feb 2025, 11:20 by Newsquawk Desk
- European bourses are mostly firmer after opening entirely in the red following a negative APAC handover; though US futures remain in the red.
- DXY is a touch lower, EUR/USD stuck on a 1.04 handle, Antipodeans lag.
- Diverging performance with USTs higher whilst Bunds are lower awaiting coalition and/or spending updates.
- Choppy trade in crude with metals subdued despite the softer Dollar.
- Looking ahead, US Consumer...
25 Feb 2025, 06:50 by Newsquawk Desk
- APAC stocks traded lower following the weak handover from the US where the tech sector led the declines.
- US President Trump said they are on time with tariffs and tariffs are going forward; also reportedly looking to tighten chip controls on China.
- EU and UK are to discuss a Europe-wide defence fund amid fear of US pullback, according to FT.
- European equity futures indicate a marginally lower cash open with Euro Stoxx 50 future...
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, 13:25 by Newsquawk Desk
- SUN: German National Election
- MON: Bank of Israel Announcement, German Ifo (Feb), EZ HICP Final (Jan)
- TUE: PBoC MLF, NBH Announcement, BoK Announcement, German GDP Detailed (Q4), US CaseShiller (Dec), US Richmond Fed (Feb)
- WED: Australian CPI (Jan)
- THU: ECB Minutes, Spanish Flash CPI (Feb), Swiss GDP (Q4), German Unemployment (Feb), EZ Sentiment Survey (Feb), US GDP 2nd Estimate (Q4), Japanese Tokyo CPI...
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, 14:09 by Newsquawk Desk
- MON: N/A
- TUE: RBA Announcement & SoMP, UK Jobs (Dec), Swedish CPIF (Jan), German ZEW (Feb), Canadian CPI (Jan), Japanese Trade Balance (Jan)
- WED: FOMC Minutes, RBNZ Announcement, Bank of Indonesia Announcement, Chinese House Prices (Jan), UK CPI (Jan)
- THU: PBoC LPR, Australian Jobs (Jan), EZ Consumer Confidence (Feb), Japanese CPI (Jan)
- FRI: UK Retail Sales (Jan), EZ/UK/US Flash PMIs (Feb), Canadian...
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...