28 Jan 2025, 10:45 by Newsquawk Desk
- European bourses are on a firmer footing; NQ outperforms with NVIDIA +5% in pre-market trade.
- USD bounces back following punchy Trump tariff rhetoric; G10s broadly in the red.
- Bonds continue to pullback from Monday's largely tech-driven highs, supply in focus.
- Energy is firmer but base metals are mixed amid tariff threats.
- Looking ahead, US Durable Goods, Richmond Fed Index, NBH Policy Announcement & US Senate...
28 Jan 2025, 06:40 by Newsquawk Desk
- APAC stocks were mixed amid holiday-thinned conditions on Chinese New Year's Eve and after the recent US tech sell-off.
- US President Trump said he wants universal tariffs much larger than a 2.5% monthly increase and has a tariff level in mind but has not set it yet.
- European equity futures indicate a marginally positive open with Euro Stoxx 50 futures up 0.1% after the cash market fell 0.6% on Monday.
- USD is firmer vs. peers following...
27 Jan 2025, 11:20 by Newsquawk Desk
- Risk sentiment hit by DeepSeek threatening US AI dominance, NQ -4.8% & ES -2.7%; NVDA -13.5% in premarket trade
- European bourses are also mostly in the red, Tech lags with ASML -10.6% while Energy names are hit on this and numerous other factors
- Additionally, disappointing Chinese PMI data overnight, Trump's tariff announcement on Colombia and reports around MXN & CAD also weigh on the risk tone.
- DXY is at session lows with 107.00...
27 Jan 2025, 07:30 by Newsquawk Desk
- APAC stocks traded mixed in a holiday-thinned start to the week, with markets in Australia, South Korea and Taiwan closed overnight, and ahead of Mainland China’s week-long holiday starting Tuesday.
- Hang Seng and Shanghai Comp were kept afloat despite the disappointing PMI data which showed headline Chinese Manufacturing PMI back in contraction territory.
- US President Trump announced the US will impose emergency 25% tariffs on all Colombian goods coming into the US...
24 Jan 2025, 13:49 by Newsquawk Desk
- MON: Chinese Industrial Profit (Dec), German Ifo (Jan), US New Home Sales (Dec)
- TUE: ECB BLS (Q1); US Durable Goods (Dec), Richmond Fed (Jan), Tech Earnings
- WED: FOMC, Riksbank, BoC & BCB Policy Announcements; Australian CPI (Dec), German GfK (Feb), EZ M3 (Dec)
- THU: ECB & SARB Policy Announcements, CBRT Minutes (Jan), RBA Bulletin; EZ Flash Prelim. GDP (Q4), US Jobless Claims (w/e 25th), US PCE/GDP (Q4), Japanese...
24 Jan 2025, 11:15 by Newsquawk Desk
- European bourses mostly firmer, whilst US futures tilt a little lower; Burberry +15% post-results.
- DXY in the doldrums as Trump waters down tariff rhetoric and calls for lower interest rates.
- USTs a little firmer, Bunds pressured by EZ PMIs and BoJ Governor Ueda spurs JGB action.
- Base metals soar amid Trump's China commentary and a weaker dollar.
- BoJ hiked rates by 25bps to 0.50%, as expected via an 8-1 vote with...
23 Jan 2025, 11:40 by Newsquawk Desk
- European bourses are mixed, tech-heavy NQ slightly underperforms after SK Hynix highlights demand concerns.
- USD flat with price action contained in quiet trade; markets await US President Trump at Davos.
- Bonds hold a bearish bias into Trump though benchmarks bounced briefly on strong UK & French supply, but returned to session lows.
- Crude a little firmer, Base metals continue to be subdued by Trump tariff...
23 Jan 2025, 06:50 by Newsquawk Desk
- APAC stocks traded with a mostly positive bias after gains on Wall St where the S&P 500 printed a fresh record high.
- European equity futures indicate a slightly lower cash open with Euro Stoxx 50 future down 0.2% after the cash market finished with gains of 0.8% on Wednesday.
- DXY is rangebound, EUR/USD and Cable sit just above 1.04 and 1.23 respectively, JPY lacks direction ahead of the BoJ tomorrow.
- Looking ahead, highlights...
22 Jan 2025, 11:15 by Newsquawk Desk
- European bourses trade at best levels, Stoxx 600 makes a record high; NQ outperforms as President Trump announces a USD 500bln AI investment.
- USD tilts lower as markets await further developments from the Trump administration.
- USTs are a little firmer, Bunds bounce on ECB Lagarde remarks, who is seemingly not too concerned about US tariffs at this point in time.
- A softer dollar supports oil and precious metals, but base metals trade mixed on...
22 Jan 2025, 06:55 by Newsquawk Desk
- APAC stocks traded mixed as most major indices took impetus from the gains on Wall St after President Trump's first full day back in office although Chinese markets lagged after Trump suggested 10% tariffs on China.
- US President Trump said they are talking about a 10% tariff on China from 1st February for them sending fentanyl to Canada and Mexico, while he added that the European Union treats the US badly and that the EU will be in for tariffs.
- US President Trump...
21 Jan 2025, 11:30 by Newsquawk Desk
- European bourses are modestly firmer, US futures edge higher with the RTY outperforming ahead of the first full day of trade as Trump returns to office.
- USD bounces back from Monday's selling as tariff threats loom; the Loonie underperforms as Trump signals tariffs on Canada & Mexico.
- Benchmarks have pared initial early morning upside, with USTs a little firmer whilst Bunds dip into the red.
- Crude and base metals on the backfoot amid...
21 Jan 2025, 06:50 by Newsquawk Desk
- APAC stocks were mixed as the initial risk-on sentiment after US President Trump refrained from imposing tariffs on day one faded.
- US President Trump said he is thinking of 25% tariffs on Mexico and Canada and thinks that they will do it on February 1st.
- European equity futures indicate a lower cash open with Euro Stoxx 50 future down 0.4% after the cash market closed with gains of 0.3% on Monday.
- DXY is attempting to recoup some of its...
20 Jan 2025, 06:50 by Newsquawk Desk
- APAC stocks were mostly higher following last Friday's gains on Wall St; markets look ahead to Trump's inauguration.
- Trump provided reprieve for TikTok from the US ban; also said he is set to sign dozens of executive orders within hours of taking office.
- European equity futures indicate a steady cash market open with the Euro Stoxx 50 future flat after the cash market closed higher by 0.8% on Friday.
- DXY is softer but holding above the...
17 Jan 2025, 13:44 by Newsquawk Desk
- MON: US Presidential Inauguration, PBoC LPR, Eurogroup Meeting; German Producer Prices (Dec)
- TUE: UK Unemployment/Wages (Nov), German ZEW (Jan), Canadian CPI (Dec), New Zealand CPI (Q4)
- WED: South African CPI (Dec), Japanese Trade Balance (Dec)
- THU: Norges Bank & CBRT Policy Announcements; US Jobless Claims (w/e 18th), Canadian Retail Sales (Nov), Japanese CPI (Dec), Swiss KOF (Jan)
- FRI: BoJ Policy...
17 Jan 2025, 11:00 by Newsquawk Desk
- European bourses grind higher, US futures modestly in the green.
- USD marginally firmer, JPY softer and GBP knocked lower by disappointing retail sales.
- JGBs lag slightly on further BoJ reports, Gilts gapped higher on Retail Sales.
- Mixed trade in the base metal complex but crude stays firm.
- Looking ahead, US Industrial Production, CBO Budget and Economic Outlook, Comments from ECB’s Cipollone, Earnings from SLB,...
17 Jan 2025, 06:50 by Newsquawk Desk
- APAC stocks were mixed in mostly rangebound trade after the uninspiring handover from Wall St and despite encouraging Chinese GDP and activity data.
- Hang Seng and Shanghai Comp were choppy with only mild support seen after GDP, Industrial Production & Retail Sales beat expectations with China's economy growing 5.4% Y/Y (exp. 5.0%) in Q4 and by 5.0% (exp. 4.9%) for 2024.
- DXY lacked conviction following the headwinds from a dovish Fed Waller; USD/JPY initially...
16 Jan 2025, 11:10 by Newsquawk Desk
- European bourses opened on a strong footing and remain at highs, with Tech and Luxury among top performers; US futures mixed whilst NQ leads.
- USD mixed vs. peers, JPY leads as BoJ hike bets mount after reports noted that BoJ is said to see a good chance of a January rate hike barring a major market rout, following Trump’s inauguration.
- Gilts gap lower despite soft GDP, USTs await data and Treasury Secretary nominee Bessent’s confirmation...
16 Jan 2025, 06:55 by Newsquawk Desk
- APAC stocks traded mostly higher as the region took impetus from the rally on Wall St in the aftermath of the soft-leaning US CPI data which boosted Fed rate cut bets and saw money market pricing of cuts for this year return to around pre-NFP levels.
- US official said a Gaza hostage and ceasefire deal was reached and will take effect on 19th January; the deal outlines a six-week initial ceasefire phase that includes a gradual withdrawal of Israeli forces from central Gaza and the return of...
15 Jan 2025, 11:15 by Newsquawk Desk
- Stocks hold modest gains, FTSE 100 outperforms post-CPI; US bank earnings due.
- DXY lower ahead of US CPI, GBP resilient in the wake of soft inflation metrics, JPY leads.
- Gilts inflated by CPI, JGBs dented by Ueda & USTs await CPI.
- Choppy trade in crude while precious metals tilt higher and base metals trade mixed.
- Looking ahead, US CPI, OPEC MOMR, Fed Beige Book, Speakers including BoE's Taylor, Fed’s Barkin,...
15 Jan 2025, 06:55 by Newsquawk Desk
- APAC stocks were choppy after a similar performance stateside where PPI data printed cooler-than-expected ahead of the incoming US CPI report.
- European equity futures indicate a mildly positive open with Euro Stoxx 50 futures up 0.1% after the cash market closed with gains of 0.5% on Tuesday.
- DXY is flat, EUR/USD rests just below 1.03, Cable is pivoting around the 1.22 mark, JPY leads.
- BoJ Governor Ueda said he wants to discuss and decide...
14 Jan 2025, 11:25 by Newsquawk Desk
- Stocks grind higher as sentiment is lifted on reports that the Trump team is looking at gradual tariff hikes month-by-month of 2-5%.
- DXY is a touch higher, antipodeans lead, JPY gives back Monday's gains.
- Fixed Income is off best levels ahead of US PPI.
- Crude under increasing pressure as a Gaza ceasefire looms; based metals mixed, but precious metals eke mild gains.
- Looking ahead, US PPI, EIA STEO, Fed Discount Rate...
14 Jan 2025, 06:45 by Newsquawk Desk
- APAC stocks traded mixed following the similar performance stateside; Japanese stocks heavily pressured on return from the long weekend.
- US President-elect Trump's team reportedly studies month-by-month tariff hikes of 2%-5%, according to Bloomberg.
- European equity futures indicate a higher open with Euro Stoxx 50 future up 0.8% after the cash market closed with losses of 0.5% on Monday.
- DXY is higher but back on a 109 handle, NZD marginally...
13 Jan 2025, 11:10 by Newsquawk Desk
- Equities continue to slip in a continuation of the downside seen following the strong NFP report.
- DXY is stronger and briefly topped 110.00, GBP remains the underperformer.
- Fixed benchmarks weighed on in a continuation of the post-NFP trade, Gilts hit another incremental contract low.
- Crude surges on US-Russia oil sanctions, with some choppiness surrounding Gaza ceasefire talks.
- Looking ahead, US NY Fed...
13 Jan 2025, 06:45 by Newsquawk Desk
- APAC stocks were mostly negative in reaction to the hot NFP report, while risk sentiment failed to benefit from Chinese trade data.
- European equity futures indicate a lower cash open with Euro Stoxx 50 futures down 0.3% after the cash market finished with losses of 0.8% on Friday.
- DXY is on the front foot and eyeing 110, JPY is marginally firmer vs. the USD, GBP is once again on the backfoot.
- Crude futures gained from the open amid...
10 Jan 2025, 12:55 by Newsquawk Desk
- MON: N/A
- TUE: EIA STEO; CBR Policy Announcement; Indian WPI (Dec), US PPI (Dec)
- WED: IEA OMR, UK CPI (Dec), EZ Industrial Production (Nov), US CPI (Dec), NY Fed Manufacturing (Jan)
- THU: ECB Minutes (Dec), BoK Policy Announcement; Australian Employment (Dec), UK GDP (Nov), EZ Trade Balance (Nov), US Import/Export Prices (Dec), Jobless Claims (w/e 11th), Retail Sales (Dec)
- FRI: UK Retail Sales (Dec), US...