15 Jul 2025, 11:20 by Newsquawk Desk
- EU draws up retaliatory tariffs for US goods in case a trade deal is not reached, including aircraft and booze, according to WSJ.
- European bourses are modestly firmer, US futures also gain with clear outperformance in the NQ boosted by NVIDIA.
- NVIDIA (+5% pre-market) to resume H20 sales to China and announces new, fully compliant GPU for China.
- USD a little lower into US CPI, Antipodeans top the G10 pile given the risk...
15 Jul 2025, 06:40 by Newsquawk Desk
- APAC stocks were ultimately mixed with the region indecisive in the aftermath of the latest Chinese GDP and activity data.
- European equity futures indicate a marginally higher cash market open with Euro Stoxx 50 future up 0.3% after the cash market closed with losses of 0.2% on Monday.
- DXY has given back some of yesterday's gains, EUR/USD remains on a 1.16 handle, other majors are contained.
- EU draws up retaliatory tariffs for US goods in...
14 Jul 2025, 11:30 by Newsquawk Desk
- US President Trump sent trade letters to the EU and Mexico announcing 30% tariffs from August 1st (separate from sectoral tariffs).
- The EU is planning to "step up engagement" with other nations impacted by US President Trump's tariffs, according to Bloomberg sources.
- European bourses hampered by US-EU trade developments, US futures also in the red but off worst levels.
- FX & Fixed markets contained as traders continue to look through...
14 Jul 2025, 06:50 by Newsquawk Desk
- US President Trump sent trade letters to the EU and Mexico announcing 30% tariffs from August 1st (separate from sectoral tariffs).
- The EU is planning to "step up engagement" with other nations impacted by US President Trump's tariffs, according to Bloomberg sources.
- APAC stocks were mostly positive but with some cautiousness seen following US President Trump's tariff letters, while the region also reflected on mixed Chinese trade...
11 Jul 2025, 12:47 by Newsquawk Desk
- MON: EU 90-Day Retaliatory Pause Ends; Indian WPI (Jun), Chinese Trade Balance (Jun)
- TUE: OPEC MOMR; Chinese House Prices (Jun), Retail Sales (Jun), GDP (Q2), German WPI (Jun), EZ Industrial Production (May), German ZEW (Jun), US CPI (Jun), NY Fed Manufacturing (Jul), Canadian CPI (Jun)
- WED: UK CPI (Jun), EZ Trade (May), US PPI (Jun), Industrial Production (Jun)
- THU: Japanese Trade Balance (Jun), Australian Unemployment (Jun), UK...
11 Jul 2025, 11:20 by Newsquawk Desk
- US President Trump announced a 35% tariff for Canada and flagged a potential 20% blanket tariff for other countries; US is set to keep the tariff exemption for USMCA goods, according to a US official.
- Trump also noted the EU will receive a letter by Friday. Ahead of this, European bourses are in the red with sectors (ex-energy, post-BP) following suit.
- Stateside, futures are lower into a docket headlined by potential trade developments, ES...
11 Jul 2025, 06:50 by Newsquawk Desk
- US President Trump announced a 35% tariff for Canada and flagged a potential 20% blanket tariffs for other countries; US is set to keep the tariff exemption for USMCA goods, according to a US official.
- Brazil's President Lula said the main thing is the reciprocity law, and if US charges 50%, they will charge him 50%.
- US President Trump noted the EU will receive a letter notifying them of new tariff rates by Friday.
- APAC stocks were...
10 Jul 2025, 11:40 by Newsquawk Desk
- European bourses began with modest gains and have gradually increased, largely led by reports of Chinese housing support.
- US futures are contained as newsflow has been limited, ex-China, since the overnight tariff developments.
- DXY is marginally firmer but well within Wednesday's band, G10s flat aside from Antipodeans benefiting from metals action and China support; BRL lags on 50% tariffs
- Fixed benchmarks have been gradually drifting from...
10 Jul 2025, 07:00 by Newsquawk Desk
- US President Trump announced tariff rates for seven countries and later announced a 50% tariff for Brazil; President Trump also announced the US is to impose a 50% tariff on copper, effective August 1st.
- The EU is discussing car import quotas and export credits with the US in trade talks, according to sources cited by Reuters.
- A muted reaction was seen across markets following the FOMC minutes; FOMC Minutes stated that most saw some reduction in the Fed funds rate...
09 Jul 2025, 11:50 by Newsquawk Desk
- US President Trump flagged the release of at least 7 tariff letters today. Reports that the EU is closing in on a temporary "framework" agreement, via FT.
- European bourses began modestly firmer and have been grinding higher since, Euro Stoxx 50 +1.1%; German autos bid on trade nuances, Basic Resources hit by non-US copper performance, Media lags after WPP
- Stateside, futures are in the green and directionally in-fitting with Europe but gains are much more muted, ES...
09 Jul 2025, 06:45 by Newsquawk Desk
- APAC stocks traded mixed following the similar performance stateside where tariff updates remained in focus.
- US President Trump said he will announce something on pharmaceuticals very soon and will be announcing semiconductor tariffs, believes the copper tariff will be 50%.
- President Trump said the US is probably two days off from sending the EU a letter, which means a deal.
- European equity futures indicate a slightly higher cash...
08 Jul 2025, 11:40 by Newsquawk Desk
- US President Trump said the August 1st tariff deadline is firm, but he is open to other ideas.
- European bourses began on the front foot, digesting the deadline pushback and reports that the US offered the EU a 10% tariff deal, via Politico.
- Since, benchmarks have eased off best with the tone now mixed, Euro Stoxx 50 +0.1%. Stateside, non-tariff updates limited, ES +0.1%.
- DXY is giving back some of Monday's gains. AUD outperforms on a...
08 Jul 2025, 06:50 by Newsquawk Desk
- US President Trump sent tariff letters to 14 countries, including Japan, South Korea, South Africa, and Thailand, with tariff rates ranging between 25%-40%.
- Trump also warned against retaliation, although he also delayed the tariff deadline to August 1st - leaving room for negotiation.
- APAC stocks mostly traded with cautious gains as participants digested the Trump letters; Wall Street closed lower.
- RBA defied the broad consensus and instead...
07 Jul 2025, 11:25 by Newsquawk Desk
- US President Trump said 12 nations will receive tariff letters on Monday (deliveries to start from 17:00BST). Also, threatened 10% additional tariff for those aligned with BRICS.
- US Treasury Secretary Bessent said letters to trading partners will notify them that if no deal is reached, they will revert to April 2nd tariff levels; tariffs to take effect on August 1st.
- European bourses began the day with modest gains but action is tentative, Euro Stoxx 50 +0.3%; ES...
07 Jul 2025, 06:50 by Newsquawk Desk
- APAC stocks were mostly subdued with the region cautious ahead of upcoming key events, including central bank announcements and the July 9th tariff deadline.
- US President Trump said 12 nations will receive tariff letters on Monday (deliveries to start from 17:00BST). Also, threatened 10% additional tariff for those aligned with BRICS.
- US Treasury Secretary Bessent said letters to trading partners will notify them that if no deal is reached, they will revert to April...
04 Jul 2025, 12:46 by Newsquawk Desk
- SAT: OPEC MEETING
- MON: German Industrial Output (May), Swedish CPIF Flash (Jun), EZ Sentix (Jul), Retail Sales (May), US Employment Trends (Jun)
- TUE: RBA & RBNZ Policy Announcements, EIA STEO; German TradeBalance (May), US NFIB (Jun)
- WED: "Liberation Day" Tariffs take effect (end of 90-day suspension), EU-US Tariff Negotiation Deadline (50% duty on all EU imports), FOMC Minutes (Jun); Chinese CPI (Jun), PPI (Jun), US Wholesale...
04 Jul 2025, 06:55 by Newsquawk Desk
- US President Trump said they will start sending letters regarding tariffs and 10 to 12 countries will get a letter on Friday, with tariffs to range from 10%-20% and 60%-70%, while countries are to start paying the new tariff on August 1st.
- US Treasury Secretary Bessent said to expect a flurry of trade deals before July 9th and expect to see about 100 countries get a minimum 10% reciprocal tariff, while he added they are going to be announcing several deals.
- US House...
03 Jul 2025, 11:40 by Newsquawk Desk
- European bourses began the session firmer, but that strength has waned to more mixed trade; US futures similar into a packed agenda
- DXY broadly flat intraday but with a marginal upward bias. G10s contained, but generally softer. GBP outperforms after Wednesday's post-PMQs pressure.
- Similarly, Gilts lead fixed income. USTs await data. Bunds unreactive to Final PMIs.
- Crude benchmarks softer, despite limited newsflow. Metals mixed, XAU off...
03 Jul 2025, 06:50 by Newsquawk Desk
- APAC stocks failed to sustain the mostly constructive handover from Wall St counterparts with sentiment in the region cautious as participants braced for the key US jobs data and digested Chinese Caixin Services and Composite PMIs.
- Siemens confirmed it has been notified by the US Commerce Department that export control restrictions on EDA software and technology to customers in China are no longer in place.
- US House Republicans were reportedly stuck and didn't have...
02 Jul 2025, 11:40 by Newsquawk Desk
- European bourses in the green, shrugging off a mixed APAC lead. US futures post modest gains, RTY outperforms
- USD attempts to atone for recent pressure. DXY eyes 97.00 to the upside, JPY lags, EUR and GBP both hit
- Fixed in the red, Gilts lag after the UK Welfare Reform u-turn. USTs await data and fiscal updates
- US House set to convene at 09:00ET, Punchbowl reports several sources expressing alarm at the number of no's from...
02 Jul 2025, 06:50 by Newsquawk Desk
- APAC stocks were mixed following a similar handover from the US where participants digested data, trade commentary and a slew of central bank rhetoric.
- US President Trump said he doubts the US will have a deal with Japan but will possibly have an agreement with India.
- US Senate narrowly passed President Trump's sweeping tax and spending bill; House to vote by Thursday "at the latest".
- European equity futures indicate a positive cash market...
01 Jul 2025, 11:55 by Newsquawk Desk
- US Senate vote-a-rama is still ongoing, Thune suggests we are "getting to the end", unclear if he has enough votes
- EU reportedly wants immediate relief in any US deal, said to be accepting universal tariffs but is seeking key exemptions
- Risk tone began firmer after strong Chinese data; thereafter, deteriorated into and through the European morning
- US futures in the red, ES -0.2%, awaiting updates on the Reconciliation Bill, Chair Powell and...
01 Jul 2025, 06:50 by Newsquawk Desk
- APAC stocks began the new quarter mostly higher, albeit with gains tentative; Wall Street closed higher.
- The Senate vote-a-rama process is ongoing before a final version is sent back to the House to approve the bill, before then sending it to Trump's desk.
- EU is to accept Trump’s universal tariff but seeks key exemptions and wants the US to commit to lower rates on key sectors, according to Bloomberg.
- European equity futures indicate an...
30 Jun 2025, 11:55 by Newsquawk Desk
- A firmer start to the week Stateside, ES +0.4%, as markets focus on the progress of Trump's Bill; however, Europe is more contained, Stoxx 600 +0.1%, as the reciprocal deadline nears.
- US Senate voted to begin debating the Reconciliation Bill; vote-a-rama not expected to start until 09:00ET today, as such the House will not vote until Wednesday at the earliest, via Fox's Pergram.
- DXY has kicked off week-, month-, quarter- & H1-end on a mildly...
30 Jun 2025, 06:50 by Newsquawk Desk
- APAC stocks began the week mostly in the green following last Friday's record highs on Wall St; participants digested a slew of data including mixed Chinese PMIs.
- US and Canada agreed to resume negotiations with a view towards reaching a deal by July 21st after Canada rescinded the Digital Services Tax.
- The Senate is set to vote on Trump's sweeping tax cut and spending bill on Monday following a 51-49 vote to open the debate on the...