20 Mar 2025, 11:05 by Newsquawk Desk
- European risk tone deteriorates with US futures also slumping into the red, potentially driven by EU fiscal focus, post-FOMC pullback and attention returning to tariffs/trade.
- USD up vs. peers, Antipodeans lags, EUR slides and GBP eyes BoE.
- Bonds are bid post FOMC & as the tone deteriorates, Gilts lead on data & reports around the Spring Statement.
- Crude succumbs to the risk-off sentiment, with base metals also heading...
20 Mar 2025, 06:45 by Newsquawk Desk
- Fed maintained rates & dots, cut growth & lifted inflation projections. To slow the balance sheet runoff. Powell emphasized uncertainty, a wait-and-see approach.
- Trump posted "The Fed would be MUCH better off CUTTING RATES as U.S.Tariffs start to transition... into the economy"
- APAC stocks mixed, US futures saw a dovish reaction to the FOMC
- DXY pulled back, EUR/USD & GBP/USD briefly above 1.09 and 1.30...
19 Mar 2025, 11:10 by Newsquawk Desk
- European bourses began the session on the backfoot with the risk tone dented as a few potential factors influenced, US futures modestly firmer pre-Fed
- USD firmer, EUR and GBP hit by JPY-action on Ueda's press conference; BoJ itself was as expected, Ueda began balanced but had some hawkish points in his presser
- Fixed income initially benefited on the slip in the risk tone but has since eased off best with USTs now slightly softer into the...
19 Mar 2025, 06:45 by Newsquawk Desk
- APAC stocks traded mixed as the region lacked firm conviction following the negative handover from Wall St.
- BoJ left rates unchanged as expected; Japan's economy is recovering moderately, albeit with some weak signs.
- European equity futures indicate a steady open with Euro Stoxx 50 future flat after the cash market closed with gains of 0.7%.
- DXY is a touch firmer, EUR/USD is lower but holding above 1.09, JPY is weaker...
18 Mar 2025, 11:10 by Newsquawk Desk
- European bourses are in the green ahead of German fiscal reform while US futures languish near the unchanged mark into data.
- Presidents Trump & Putin to hold a call between 13:00-15:00GMT, which the Kremlin says will last for as long as it takes.
- USD broadly on the backfoot, EUR/USD and GBP/USD both hit fresh YTD peaks while JPY hands back recent gains.
- Bunds softer into the Bundestag vote, USTs essentially flat with yields mixed...
18 Mar 2025, 06:50 by Newsquawk Desk
- APAC stocks were mostly higher after the advances on Wall Street with light catalysts otherwise light.
- Israel's military said it conducted extensive strikes and targets belonging to Hamas in Gaza.
- European equity futures indicate a positive cash market open with Euro Stoxx 50 futures up 0.4% after the cash market closed with gains of 0.8% on Monday.
- DXY is steady above the 103.50 mark, EUR/USD is back on a 1.09 handle, JPY lags again, Cable...
17 Mar 2025, 10:55 by Newsquawk Desk
- US Senate voted 54-46 to pass the stopgap funding bill to keep the government funded through September 30th.
- European bourses modestly firmer whilst US futures are in negative territory.
- USD is a touch softer ahead of a risk-packed week; Antipodeans benefit from Chinese data and as China unveiled a plan to boost weak consumption.
- EGBs bid with OATs leading after Fitch while Bunds await fiscal updates.
- Gas deflates...
17 Mar 2025, 06:50 by Newsquawk Desk
- APAC stocks began the week on the front foot following last Friday's resurgence on Wall St and amid encouraging Chinese activity data.
- US Senate voted 54-46 to pass the stopgap funding bill to keep the government funded through September 30th.
- DXY is steady, EUR/USD remains on a 1.08 handle, JPY marginally lags, the rest of G10 FX is contained.
- Crude futures advanced at the open after the US conducted strikes against Houthi militant sites in...
14 Mar 2025, 12:58 by Newsquawk Desk
- MON: Chinese Activity Data (Feb), US Retail Sales (Feb)
- TUE: EZ Trade Balance (Jan), German ZEW Survey (Mar), Canadian CPI (Feb), Japanese Trade Balance (Feb), NVIDIA (NVDA) CEO to speak at GTC
- WED: FOMC Announcement, BoJ Announcement, EZ Final CPI (Feb), New Zealand GDP (Q4)
- THU: BoE Announcement, SNB Announcement, Riksbank Announcement, PBoC LPR Setting, Australian Jobs (Feb), UK Jobs (Jan), Japanese CPI...
14 Mar 2025, 10:50 by Newsquawk Desk
- Stocks gain with sentiment lifted after a strong Chinese session overnight and after the recent market turmoil.
- USD mixed vs. peers, GBP soft post-GDP, JPY weighed on by Rengo data, which showed average wage hike less than demands.
- Gilts gap higher on soft growth data while JGBs lift on Rengo.
- Spot gold makes a fresh record high above USD 3,000/oz; crude oil and base metals benefit from the risk tone.
- Looking...
14 Mar 2025, 06:50 by Newsquawk Desk
- APAC stocks were mostly positive as risk sentiment gradually improved following the negative lead from Wall St where the S&P 500 slipped into a technical correction amid tariff concerns after President Trump threatened 200% tariffs on EU wine and champagne.
- US President Trump said he is not going to change his mind on April 2nd tariffs and won't bend on Canada metals or April 2nd tariffs, while he added they don't need Canada's cars, energy or lumber.
- Russian...
13 Mar 2025, 10:55 by Newsquawk Desk
- European bourses opened lower but have gradually picked up; US futures are modestly lower/flat.
- USD is steady ahead of PPI metrics, fleeting EUR softness as German political tensions mount.
- Bunds are modestly lower awaiting the Bundestag debate while USTs look to PPI and shutdown developments.
- Industrial commodities softer on tariff woes; spot gold inches closer to all-time-highs.
- Looking ahead, US Initial Jobless...
13 Mar 2025, 06:50 by Newsquawk Desk
- White House Press Secretary said the CPI report is welcome news, and the Trump administration is focused on driving down costs; White House Economic Adviser Hassett said he expects US GDP growth to be 2.0%-2.5% in Q1, according to a Fox News interview.
- US Senate Democratic Leader Schumer said Senate Republicans do not have the votes to approve the House-passed government spending bill without amendments.
- APAC stocks were subdued as risk appetite soured despite the...
12 Mar 2025, 11:10 by Newsquawk Desk
- European bourses are in the green as sentiment in the complex improves; US futures are also higher with the NQ slightly outperforming.
- USD is a little firmer ahead of US CPI data, JPY lags peers.
- Bonds are bearish overall amid supply, inflation updates & German fiscal developments.
- Oil and base metals firmer, gold trades sideways ahead of US CPI.
- Looking ahead, US CPI, BoC & NBP Policy Announcements, OPEC...
12 Mar 2025, 06:55 by Newsquawk Desk
- APAC stocks traded mixed following the choppy performance stateside where the focus was centred on tariff rhetoric and Ukraine ceasefire talks.
- US President Trump's 25% tariffs on steel and aluminium took effect with no exemptions; cancelled 50% tariff on Canada.
- Ukraine expressed readiness to accept the US proposal to enact an immediate and interim 30-day ceasefire.
- European equity futures indicate a positive cash market open with Euro...
11 Mar 2025, 10:50 by Newsquawk Desk
- European bourses are mixed; US futures are firmer attempting to consolidate following the prior day’s hefty losses.
- DXY hits a fresh YTD low as EUR/USD reclaimed 1.09 on German defence spending optimism.
- USTs hold near unchanged while Bunds slump on the latest fiscal updates.
- Commodities broadly supported by a diving Dollar; XAU back above USD 2.9k.
- Looking ahead, US JOLTS, EIA STEO Speakers including ECB’s Lagarde,...
11 Mar 2025, 06:50 by Newsquawk Desk
- APAC stocks took their cues from the tech-led sell-off stateside after the Nasdaq suffered its worst day since 2022.
- European equity futures indicate a positive cash market open with Euro Stoxx 50 futures up 0.4% after the cash market finished with losses of 1.5% on Monday.
- US equity futures (ES +0.2%, NQ +0.1%) regained some composure after the prior day's sell-off which saw the S&P 500 fall to a six-month low.
- DXY is steady after a...
10 Mar 2025, 11:00 by Newsquawk Desk
- European bourses opened higher but quickly succumbed to selling pressure as sentiment took a hit; US futures are in the red, NQ -1.2%.
- A choppy start to the week with USD failing to bounce back from last week's selling; JPY leads.
- Bonds are propped up by a deterioration in sentiment, offsetting initial Bund pressure on fiscal-related developments.
- Crude consolidates, precious metals are cushioned, and base metals are hit after Chinese...
10 Mar 2025, 06:50 by Newsquawk Desk
- APAC stocks began the week mixed amid tariff-related concerns and as participants digested the softer-than-expected Chinese inflation data.
- US House Republicans unveiled a stopgap funding bill to keep the government funded through September 30th.
- US President Trump said on Friday regarding Canada that he may do reciprocal tariffs as early as Friday or Monday; added the EU has been a terrible abuser.
- European equity futures indicate a...
07 Mar 2025, 13:44 by Newsquawk Desk
- MON: Eurogroup Meeting, Norwegian CPI (Feb), EZ Sentix Index (Mar), Japanese GDP (Q4)
- TUE: EIA STEO
- WED: 25% US tariff on all imports of steel and aluminium comes into effect, BoC Announcement, ECB Wage Tracker, OPEC MOMR, US CPI (Feb)
- THU: IEA OMR, EU-South Africa summit, Swedish CPIF (Feb), EZ Industrial Production (Jan), US PPI (Feb)
- FRI: UK GDP Estimate (Jan), University of Michigan Prelim Survey...
07 Mar 2025, 11:50 by Newsquawk Desk
- European indices lower whilst US futures are modestly higher ahead of US NFP.
- USD misery continues as DXY dips to 103.60 as EUR's rally extends into Friday's trade.
- Bunds bounce off worst but remain over 300 ticks lower WTD, USTs await Payrolls & Powell.
- Crude firmer with gas inflating on damaged Ukrainian infrastructure.
- Looking ahead, US NFP, Canadian Jobs, White House Crypto Summit, Speakers including Fed’s...
07 Mar 2025, 06:45 by Newsquawk Desk
- US President Trump signed amendments to the Canada & Mexico tariffs; however, this failed to lift risk sentiment
- Fed's Waller says he does not see the case for a March cut and the median view of two 2025 cuts "remains reasonable"; Bostic said they need to be patient
- US futures attempted to recover off the Wall St. pressure but failed to make much ground into Payrolls, European futures point to a weak open
- DXY pressured and...
06 Mar 2025, 11:45 by Newsquawk Desk
- European bourses are mostly lower, Autos benefit following tariff reprieve; US futures in the red with NQ underperforming.
- DXY remains on the backfoot, EUR underpinned by stimulus hopes as attention turns to ECB.
- Bunds continue to slump on the latest fiscal reports pre-ECB, USTs await data.
- Crude attempts to claw back recent pressure, XAU sits around USD 2.9k/oz.
- Looking ahead, US Initial Jobless Claims, Atlanta Fed...
06 Mar 2025, 06:50 by Newsquawk Desk
- APAC stocks traded mixed albeit with a predominantly positive bias after the constructive handover from Wall St.
- White House said they will give a one-month exemption on any autos coming through USMCA.
- US President Trump is reportedly considering agricultural carve-outs for Mexico and Canada tariffs, according to Bloomberg.
- European equity futures indicate a positive cash market open with Euro Stoxx 50 future up 0.7% after the cash market...
05 Mar 2025, 11:25 by Newsquawk Desk
- Sentiment lifted after the US Commerce Secretary suggested Trump could potentially reduce tariffs on Canada and Mexico, perhaps as soon as Wednesday.
- European bourses at session highs; DAX 40 +3% outperforms; US equity futures broadly higher with the RTY +1.2%.
- EUR surges on German spending plans, DXY around 1.05 after breaking below its 200DMA.
- Bunds battered by Merz's fiscal reform, USTs await data and tariff...