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Newsquawk

Blog

Original insights into market moving news

US Market Open: Crude under pressure as a Gaza ceasefire nears & stocks grind higher on “gradual” Trump tariff reports

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...
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Europe Market Open: Japan pressured on its return, further US tariff reports, US PPI ahead

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...
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US Market Open: DXY tops 110, Gilts hit another contract low & crude in focus amid Gaza ceasefire reports

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...
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Europe Market Open: DXY eyes 110 & crude futures gain following toughened sanctions on Russia's energy sector

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...
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Newsquawk Week Ahead: Highlights include US CPI & Retail Sales, China Activity & Trade Data, UK CPI, GDP & Retail Sales, Aussie jobs, ECB Minutes

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...
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US Market Open: USTs and futures subdued ahead of US NFP; JPY boosted by BoJ source report

10 Jan 2025, 10:55 by Newsquawk Desk

  • European bourses trade choppy, US futures edge lower ahead of the US NFP report.
  • USD eyes NFP, JPY boosted by BoJ source report, GBP unable to recoup lost ground.
  • Fixed income a touch lower ahead of US jobs data, Gilts continue to underperform.
  • Crude soars on geopolitical updates, Industrial commodities bolstered by Chinese commentary.
  • Looking ahead, US & Canadian Jobs, US UoM Survey, Chinese M2 Money Supply,...
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Europe Market Open: APAC stocks pressured but downside capped by a PBoC briefing, US NFP ahead

10 Jan 2025, 06:31 by Newsquawk Desk

  • APAC stocks were mostly subdued in the absence of a lead from Wall St owing to the National Day of Mourning.
  • US President-elect Trump said Russian President Putin wants to meet and 'we' are setting it up.
  • Fed’s Bowman (voter) said she supported the December rate cut as a final step in policy calibration.
  • European equity futures indicate an uneventful cash market open with Euro Stoxx 50 future -0.1% after the cash market closed with gains of...
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US Market Open: USD maintains strength ahead of Fed speak, Gilts briefly touched 89.00 but quickly pared

09 Jan 2025, 11:10 by Newsquawk Desk

  • European bourses are mixed whilst US is away amid the National Day of Mourning in honour of President Jimmy Carter.
  • Pound under pressure as Cable hangs by a thread; DXY broadly firmer vs peers (ex-JPY).
  • Gilts gap lower and hit 89.00 but have since pared into an imminent parliamentary question, hefty European supply well received.
  • Subdued trade in energy but base metals tilt higher.
  • Looking ahead, Fed's Harker,...
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Europe Market Open: FOMC minutes indicated they were at/near an appropriate point to slow the pace of easing

09 Jan 2025, 06:50 by Newsquawk Desk

  • APAC stocks were mostly negative following the cautious mood in global counterparts amid the recent UK bond market turmoil and Trump tariff reports.
  • FOMC Minutes stated that participants indicated the Fed was at or near a point at which it would be appropriate to slow the pace of easing.
  • European equity futures indicate a flat cash market open with Euro Stoxx 50 futures unchanged after the cash market closed with losses of 0.3% on...
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US Market Open: DXY rebounds & futures gain ahead of front-loaded US data and FOMC minutes

08 Jan 2025, 11:22 by Newsquawk Desk

  • European bourses climb modestly into the green after opening around flat, US futures gain.
  • DXY continues its rebound ahead of front-loaded US data, currently eyeing 109.00 to the upside.
  • Fixed benchmarks contained into a packed US session and 30yr supply.
  • Upside in crude, precious metals, and copper, despite a firmer Dollar.
  • Looking ahead, Highlights include US Jobless Claims, Wholesale Inventory and EIA Nat Gas...
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Europe Market Open: APAC traded mixed following the subdued US handover, ADP & Jobless Claims ahead

08 Jan 2025, 06:50 by Newsquawk Desk

  • APAC stocks traded mixed following the weak handover from Wall St where tech underperformed as yields climbed after the hot ISM Services and strong JOLTS data.
  • Hang Seng and Shanghai Comp were pressured with market participants underwhelmed by the latest NDRC press briefing in Beijing.
  • AUD/USD choppy following the latest monthly inflation data from Australia in which the Weighted CPI printed firmer than expected but the annual trimmed mean CPI softened from...
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US Market Open: US futures gain modestly, USTs contained into data & supply

07 Jan 2025, 11:20 by Newsquawk Desk

  • European bourses are mixed, US futures gain slightly.
  • USD remains soggy vs. peers, EUR digests CPI metrics, Antipodeans lead.
  • USTs are contained into data, EGBs lift slightly on HICP, Gilts lag.
  • A choppy start for crude while spot gold benefits from the broadly softer Dollar.
  • Looking ahead, US ISM Services PMI, JOLTS Job Openings, International Trade, Canadian Imports/Exports, Comments from Fed's Barkin, Supply from...
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Europe Market Open: APAC mostly higher amid tech strength, EZ HICP & US ISM Services ahead

07 Jan 2025, 06:40 by Newsquawk Desk

  • APAC stocks were mostly higher following the tech strength stateside where Nvidia briefly reclaimed the largest market cap title and closed at a fresh record.
  • DXY felt some slight reprieve from the prior day's selling pressure, EUR/USD held on to most of yesterday's gains, USD/JPY briefly breached the 158.00 level to the upside.
  • Canada reportedly considers an early release of retaliatory tariffs against the US, according to The Globe and...
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US Market Open: European tech lifted after Foxconn posts record Q4 revenue, USD dips lower

06 Jan 2025, 11:05 by Newsquawk Desk

  • European bourses are generally in the green; the NQ outperforms, with Tech lifted after Foxconn reported record Q4 revenue.
  • USD is on the backfoot which has helped to lift G10 peers, JPY underperforms.
  • USTs are pressured ahead of 3yr supply; Gilts underperform after a survey showed that 55% of UK businesses intend to lift prices in the next three months (prev. 39%).
  • Crude and gold are on the backfoot despite the softer...
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Europe Market Open: APAC Stocks mostly subdued amid mixed Caixin PMI, German CPI ahead

06 Jan 2025, 06:49 by Newsquawk Desk

  • APAC stocks traded mostly subdued following the lack of macro catalysts over the weekend and as participants digested the mixed signals from Chinese Caixin PMI data, while Japanese markets underperformed in their first trading session of 2025.
  • Hang Seng and Shanghai Comp were choppy following the somewhat mixed PMI data in which Chinese Caixin Services PMI data beat expectations, but the Caixin Composite PMI figure slowed.
  • US Republican Mike Johnson was re-elected...
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Week Ahead 6-10th January 2025: Highlights include US NFP, FOMC Minutes, ISM Services PMI, Inflation data from China, EZ and Australia

03 Jan 2025, 12:59 by Newsquawk Desk

  • MON: EZ, UK & US Final Composite & Services PMIs (Dec), German Prelim. CPI (Dec), US Factory Orders (Nov)
  • TUE: Swiss CPI (Dec), EZ Flash HICP (Dec), Canadian Trade Balance (Nov),US ISM Services PMI (Dec), JOLTS (Nov)
  • WED: FOMC Minutes (Dec); German Retail Sales (Nov), Swedish CPIF (Dec), Australian CPI (Nov), US ADP (Dec)
  • THU: German Trade Balance (Nov), EZ Retail Sales (Nov), US Jobless Claims (w/e...
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US Market Open: US equity futures gain, USD is a little lower ahead of US ISM Manufacturing

03 Jan 2025, 10:55 by Newsquawk Desk

  • European bourses are generally lower whilst US futures gain modestly.
  • USD is a little lower, holding around the 109.00 mark.
  • Mild divergence in fixed income, USTs a little higher whilst EGBs are pressured
  • Commodities fail to benefit from a softer Dollar as crude gives back recent strength.
  • Looking ahead, US ISM Manufacturing PMI, US House Speaker Vote, Fed’s Barkin & ECB's Lane.
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Europe Market Open: APAC stocks mixed & PBoC reportedly plans policy overhaul

03 Jan 2025, 06:50 by Newsquawk Desk

  • APAC stocks were ultimately mixed with most major indices higher although the gains were capped following the negative handover from the US.
  • PBoC is reportedly to plan a policy overhaul as pressure mounts on the economy; likely it would cut interest rates at an appropriate time.
  • European equity futures indicate a slightly softer cash open with Euro Stoxx 50 futures down 0.1% after the cash market closed higher by 0.5% on Thursday.
  • USD is a...
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US Market Open: US equity futures gain & USD flat; sub-par China Manufacturing PMIs hit sentiment in the region

02 Jan 2025, 11:15 by Newsquawk Desk

  • European bourses give back early morning strength; US futures gain with modest outperformance in the NQ.
  • USD began the session on a weaker footing but is now flat.
  • USTs firmer after China Manufacturing PMI and ahead of their own metrics
  • Crude on a firmer footing while base metals are capped by sub-par Chinese PMIs.
  • Looking ahead, US Jobless Claims, Manufacturing PMI, Refunding Announcement.
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US Market Open: US futures modestly higher, USTs edge lower ahead of supply

24 Dec 2024, 10:05 by Newsquawk Desk

  • Stoxx 600 edges a little higher, US futures trade either side of the unchanged mark.
  • DXY is essentially flat with price action ultimately rangebound in quiet newsflow.
  • USTs are slightly softer ahead of US supply; Bunds are closed for trade.
  • Crude oil holds an upward bias, base metals are modestly firmer.
  • Looking ahead, Richmond Fed Index and supply from the US.
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Europe Market Open: Yen modestly firmer following comments from Japan’s Kato

24 Dec 2024, 06:45 by Newsquawk Desk

  • APAC stocks traded mostly firmer in choppy trade following a similar session on Wall Street, where stocks experienced volatility with low volumes amid the Christmas period.
  • China convened a national fiscal work conference in Beijing, according to the Ministry of Finance, and said they will step up fiscal spending and accelerate spending speed in 2025.
  • Japanese Finance Minister Kato expressed concern about recent FX moves. USD/JPY gradually dipped under...
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US Market Open: European equities mostly lower while US futures gain, USD firmer ahead of data

23 Dec 2024, 10:55 by Newsquawk Desk

  • European bourses are mostly lower, US futures higher with modest outperformance in the NQ.
  • Dollar is firmer and holding around 108.00, GBP little changed after UK shows no growth in Q3.
  • Bunds & Gilts pressured in thin trade, USTs flat into data.
  • Gas heats up on updates out of Qatar and Russia; Crude/XAU flat.
  • Looking ahead, Canadian GDP (Oct), US Consumer Confidence & Durable Goods, supply from...
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Europe Market Open: US gov’t adverts a shutdown, APAC stocks firmer across the board

23 Dec 2024, 06:42 by Newsquawk Desk

  • APAC stocks opened firmer across the board on a holiday-thinned week, following a similar performance from Wall Street on Friday.
  • US government has enacted a budget to avert a shutdown, but the deal does not include President-elect Donald Trump's proposal to raise the federal borrowing limit.
  • DXY was flat in a 107.68-84 range to start the holiday-thinned week, with quiet news flow; Crude futures showed an upward bias amid the positive risk...
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US Market Open: Stocks continue to slide on Quad Witching, USD edges lower ahead of PCE & Fed speak

20 Dec 2024, 11:05 by Newsquawk Desk

  • Stocks continue to slide on Quad Witching.
  • USD gives back some of its FOMC-induced gains, JPY gains after the region’s inflation data and overnight jawboning.
  • USTs and Bunds are incrementally firmer but ultimately contained into PCE and Fed speak.
  • Crude continues to falter while base metals attempt a recovery.
  • Looking ahead, US PCE, Canadian Retail Sales, Quad Witching, Fed's Williams, Daly &...
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Europe Market Open: US futures tick lower amid shutdown uncertainty; Trump threatens the EU with tariffs

20 Dec 2024, 06:45 by Newsquawk Desk

  • APAC stocks eventually traded mixed following a mostly lower open as markets digested a slew of central bank decisions whilst still feeling some of the hangover from the Fed.
  • US equity futures gradually trickled lower after reports the US House of Representatives defeated the bill to temporarily fund the federal government and avert agency shutdowns beginning on Saturday.
  • USD/JPY was choppy overnight as traders reacted to the BoJ presser and then hot Japanese CPI...
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