02 Sep 2025, 11:30 by Newsquawk Desk
- US Treasury Secretary Bessent said he plans to write a brief for the US Solicitor General to file that defends US President Trump’s tariffs.
- European bourses opened mixed but are now mostly lower; US futures also slip, with underperformance in the RTY.
- GBP and JPY selling helps support DXY into key US data.
- Political and fiscal turmoil drives yields higher, no move to EZ HICP, USTs await ISM.
- Crude edges higher...
02 Sep 2025, 06:50 by Newsquawk Desk
- APAC stocks traded mostly lower with the region cautious amid a lack of fresh drivers and following the holiday lull stateside.
- BoJ Deputy Governor Himino reiterated it is appropriate to continue raising interest rates in accordance with improvements in the economy and prices but noted high uncertainty.
- European equity futures indicate a slightly softer cash market open with Euro Stoxx 50 future down 0.2% after the cash market closed with gains of 0.3% on...
01 Sep 2025, 06:58 by Newsquawk Desk
- US Appeals Court upheld a ruling that most Trump tariffs were illegal but kept them in place as the case proceeds.
- US was reported on Friday to revoke authorisations for Intel (INTC), SK Hynix (000660 KS) and Samsung (005930 KS) to receive American chipmaking equipment in China unless they obtain licenses, according to the Federal Register.
- US judge did not rule on the dismissal of Fed Governor Cook on Friday and asked both parties to submit subsequent court...
29 Aug 2025, 13:54 by Newsquawk Desk
- MON: US Labor Day, South Korean Trade Balance Prelim (Aug), Chinese Caixin Manufacturing PMI (Final), EZ, UK, US Manufacturing PMI (Final), New Zealand Terms of Trade (Q2)
- TUE: South Korean CPI (Aug), EZ Flash HICP (Aug), US ISM Manufacturing PMI (Aug)
- WED: NBP Announcement, Australia Real GDP (Q2), US ADP National Employment (Aug), Chinese Caixin Services PMI (Final), EZ, UK, US Services PMI (Final), US Durable Goods R (Jul)
- THU:...
29 Aug 2025, 11:20 by Newsquawk Desk
- Fed's Waller (voter, dovish dissenter) said the time has come to move policy to a more neutral stance and he would support a 25bps cut at the September meeting and anticipates additional rate cuts over the next 3–6 months.
- European bourses underperform on ongoing political uncertainty, UK banks hit on tax worries; US equity futures are lower into US PCE.
- Choppy trade in the USD as markets await Fed's Cook's hearing; GBP underperforms.
- Bonds...
29 Aug 2025, 07:00 by Kevan Viagas
- Fed's Waller (voter, dovish dissenter) said the time has come to move policy to a more neutral stance and he would support a 25bps cut at the September meeting and anticipates additional rate cuts over the next 3–6 months.
- Fed Governor Cook’s lawyers suggested an unintentional “clerical error” may have been behind the mortgage dispute over which President Trump wants her fired. It was separately reported that the judge in Fed's Cook lawsuit set the hearing for this Friday at...
28 Aug 2025, 11:25 by Newsquawk Desk
- European bourses erase early morning strength; NVIDIA (-1.9% pre-market) post-earnings.
- NVIDIA shares are pressured in pre-market trade despite beating on top and bottom lines, as its revenue guidance was not as strong as some were hoping for and with questions remaining regarding chip sales to China.
- USD is flat in quiet trade as FX majors trade in narrow ranges awaiting the next catalyst.
- Bonds see lacklustre trade in quiet newsflow as...
28 Aug 2025, 06:50 by Newsquawk Desk
- US Treasury Secretary Bessent reiterated that there are 11 strong Fed chair candidates, while he added they will start interviews after Labor Day and present a shortlist to President Trump.
- NVIDIA (-3.1%) shares were pressured post-earnings despite beating on top and bottom lines, as its revenue guidance was not as strong as some were hoping for and with questions remaining regarding chip sales to China.
- White House trade advisor Navarro said India can get 25% off...
27 Aug 2025, 11:15 by Newsquawk Desk
- European bourses opened mostly firmer but now display a mixed picture; NVDA +0.5% into earnings.
- DXY rises following prior day's losses and risk aversion; Aussie fails to benefit from earlier upside post-CPI.
- USTs steady, Bunds/Gilts are bid albeit with little newsflow, but as the risk tone dipped a touch.
- Industrials trade softer on risk aversion, gold holds its ground despite Dollar strength.
- Looking ahead,...
27 Aug 2025, 06:50 by Newsquawk Desk
- US President Trump is considering quickly announcing a nominee to replace Fed Governor Cook with Stephen Miran and former World Bank President Malpass potential candidates, according to WSJ citing sources.
- The Trump administration is reviewing options for exerting more influence over the Federal Reserve’s 12 regional banks that would potentially extend its reach beyond personnel appointments in Washington, according to Bloomberg citing sources.
- US President Trump...
26 Aug 2025, 10:50 by Newsquawk Desk
- US President Trump threatened to impose substantial additional tariffs on countries that do not remove discriminatory actions such as digital taxes.
- US President Trump posted a letter removing Fed's Cook from her position with immediate effect; Cook says she will not resign.
- European bourses are on the backfoot, but with clear underperformance in the CAC 40 as French politics take centre stage; US equity futures are slightly lower.
- USD is...
26 Aug 2025, 07:00 by Newsquawk Desk
- APAC stocks traded mostly lower after global markets faded last Friday's post-Powell dovish reaction.
- US President Trump threatened to impose substantial additional tariffs on countries that do not remove discriminatory actions such as digital taxes.
- US President Trump posted a letter removing Fed's Cook from her position with immediate effect; Cook says she will not resign.
- European equity futures indicate a lower cash market open with Euro...
25 Aug 2025, 11:00 by Newsquawk Desk
- European bourses pare some of Friday's gains; US equity futures are mixed, with the RTY holding afloat.
- USD struggles to recoup Friday's lost ground in a quiet start to the week; JPY underperforms despite hawkish-leaning commentary via BoJ’s Ueda.
- USTs pause for breath following Powell-induced upside, whilst Bunds move lower.
- Crude benchmarks are very modestly firmer with focus on geopolitics; XAU is on the...
25 Aug 2025, 07:00 by Newsquawk Desk
- APAC stocks began the week on the front foot as the region took its opportunity to react to the dovish comments by Fed Chair Powell at Jackson Hole on Friday.
- European equity futures indicate a lower cash market open with Euro Stoxx 50 future down 0.3% after the cash market closed with gains of 0.5% on Friday.
- DXY is a touch firmer but unable to recover much of Friday's lost ground. EUR/USD remains on a 1.17 handle.
- Bund futures have faded...
22 Aug 2025, 13:15 by Newsquawk Desk
- MON: PBoC MLF, UK Summer Bank Holiday, German Ifo (Aug), US National Activity (Jul)
- TUE: RBA Minutes, Riksbank Minutes, NBH Announcement, US CaseShiller (Jun)
- WED: Australian CPI (Jul), Swiss Investor Sentiment (Aug)
- THU: ECB Minutes, Swiss GDP (Q2), EZ Sentiment Survey (Aug), US GDP 2nd Estimate (Q2), US PCE (Q2)
- FRI: Japanese Tokyo CPI (Aug), Japanese Activity Data (Jul), German Retail Sales (Jul), French...
22 Aug 2025, 11:15 by Newsquawk Desk
- Chinese President Xi is unlikely to attend ASEAN Leaders' Summit in October, "dashing hopes of a meeting with US President Trump at the summit"; while Premier Li is set to represent China, according to two regional sources cited by Reuters
- European bourses move higher; US equity futures also gain as the RTY +0.4% outperforms; NVIDIA -1% after H20 production halt.
- DXY holds an upward bias post-PMIs on Thursday, whilst fixed income trades steady into Fed Chair...
22 Aug 2025, 07:00 by Newsquawk Desk
- APAC stocks traded mixed amid cautiousness heading into Fed Chair Powell's remarks at Jackson Hole and following the subdued handover from Wall St, where participants digested a slew of data and mostly hawkish Fed comments.
- US President Trump said we will know in about two weeks regarding Russia-Ukraine. Ukrainian President Zelensky said Russia's overnight attacks show that Moscow is trying to avoid the need for meetings aimed at ending the war.
- Chinese President Xi...
21 Aug 2025, 11:30 by Newsquawk Desk
- Fed Governor Cook said she has no intention of being bullied to step down from her position because of some questions raised in a tweet by FHFA Director Pulte.
- European bourses tilt lower with the region unable to benefit from better-than-feared PMIs; US equity futures are mixed.
- USD is mixed vs. peers, GBP is top of the G10 leaderboard post-PMI.
- Bonds are pressured after PMIs, lower UK borrowing fails to lift spirits ahead of the Autumn...
21 Aug 2025, 07:20 by Newsquawk Desk
- APAC stocks traded mixed, albeit with a mildly positive bias as the region attempted to shrug off the lacklustre lead from Wall St, where sentiment was dampened amid continued tech weakness and hawkish-leaning FOMC Minutes.
- FOMC Minutes from the July meeting noted a majority of participants judged the upside risk to inflation was the greater risk compared with the labour market, although the meeting was conducted prior to the release of the latest NFP report with hefty downward...
20 Aug 2025, 11:20 by Newsquawk Desk
- European bourses opened lower but have clambered back to the unchanged mark; US futures remain on the backfoot.
- DXY is flat, GBP digests hot UK CPI, NZD lags after the RBNZ delivered a dovish 25bps cut.
- RBNZ lowered the OCR by 25bps as expected, cut its OCR forecasts across the projection horizon and voted on the options of either a 25bps or 50bps reduction.
- USTs underperform into 20yr auction, Bunds bid on German Producer Prices, Gilts...
20 Aug 2025, 06:31 by Newsquawk Desk
- APAC stocks traded mixed after a lacklustre performance stateside, where mega-cap tech led the declines.
- RBNZ lowered the OCR by 25bps as expected, cut its OCR forecasts across the projection horizon and voted on the options of either a 25bps or 50bps reduction.
- European equity futures indicate a negative cash market open with Euro Stoxx 50 futures down 0.7% after the cash market closed with gains of 0.9% on Tuesday.
- DXY is marginally higher...
19 Aug 2025, 11:19 by Newsquawk Desk
- US President Trump posted that he had a very good meeting with Ukrainian President Zelensky and European leaders, which ended in a further meeting in the Oval Office and during the meeting, they discussed security guarantees for Ukraine, which would be provided by the various European countries with coordination with the US. In the aftermath, crude trades lower.
- Russia's Kremlin said US President Trump and Russian President Putin held a phone call in which they discussed the idea of...
19 Aug 2025, 06:50 by Newsquawk Desk
- APAC stocks traded mixed following the ultimately flat performance stateside amid a lack of fresh macro catalysts, as focus centred on geopolitical updates and amid cautiousness ahead of Powell's speech at Jackson Hole on Friday.
- Russia's Kremlin said US President Trump and Russian President Putin held a phone call in which they discussed the idea of exploring the possibility of raising the level of Russian and Ukrainian representatives in the negotiations.
- S&P...
18 Aug 2025, 11:20 by Newsquawk Desk
- Trump hailed great progress at Putin meeting, but one or two significant items; no ceasefire was achieved.
- Trump to meet with European leaders and Zelensky later today; Zelensky supports trilateral meeting between Ukraine, the US and Russia.
- Kremlin said a trilateral summit with Ukraine was not discussed yet and there is no date set for another Trump-Putin meeting.
- European bourses are modestly lower in the aftermath of the Trump-Putin...
18 Aug 2025, 06:45 by Newsquawk Desk
- Trump hailed great progress at Putin meeting, but one or two significant items; no ceasefire was achieved.
- Trump to meet with European leaders and Zelensky later today; Zelensky supports trilateral meeting between Ukraine, the US and Russia.
- Kremlin said a trilateral summit with Ukraine was not discussed yet and there is no date set for another Trump-Putin meeting.
- APAC stocks began the week mostly higher following the recent...