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...
15 Aug 2025, 11:56 by Newsquawk Desk
- MON: N/A.
- TUE: US Building Permits (Jul), Canadian CPI (Jul).
- WED: RBNZ Announcement, Riksbank Announcement, FOMC Minutes, Bank of Indonesia Announcement, PBoC LPR, UK Inflation (Jul), EZ Final CPI (Jul), New Zealand Trade Balance (Jul).
- THU: Fed Jackson Hole Economic Policy Symposium, EZ/UK/US Flash PMIs (Aug), EZ Consumer Confidence (Aug).
- FRI: Fed Jackson Hole Economic Policy Symposium, Japanese CPI...
15 Aug 2025, 11:25 by Newsquawk Desk
- Trump and Putin will meet in Alaska at 20:00BST/15:00ET, Trump will then depart just under seven hours later.
- European bourses began with gains, Euro Stoxx 50 +0.4%; follows a mostly higher APAC handover as soft Chinese data was shrugged off.
- US futures firmer, but have drifted off best in the European morning, ES +0.1%; UNH +12% and INTC +4.5% in the pre-market.
- USD gives back some of its PPI-inspired gains, JPY tops the G10 leaderboard...
15 Aug 2025, 06:50 by Newsquawk Desk
- APAC stocks predominantly traded in the green after the region mostly shrugged off the indecisive performance seen on Wall St.
- US President Trump will participate in a bilateral program with the President of the Russian Federation in Alaska at 11:00 AM (15:00EDT/20:00BST) and will depart Alaska at 17:45 (21:45/02:45BST), according to the White House.
- Potential Fed Chair pick Zervos backed aggressive interest rate cuts, according to CNBC; Fed Chair Powell is to speak...
14 Aug 2025, 11:25 by Newsquawk Desk
- Russian Kremlin's Ushakov says Alaska summit will begin at 11:30 local time on Friday (20:30 BST/15:30 EDT)
- European bourses are modestly firmer, US futures hold around the unchanged mark into PPI.
- USD sell-off pauses for breath ahead of PPI, Yen rises on Bessent BoJ comments.
- JGBs lag as Japan reacts to Bessent, USTs await PPI.
- Crude ekes mild gains as attention turns to Trump/Putin.
- Looking...
14 Aug 2025, 07:05 by Newsquawk Desk
- US President Trump said interest rates should be three or four points lower, while he thinks he will name a new Fed chairman "a little bit early" and noted that he is down to three or four names.
- Fed's Goolsbee (2025 voter) said that Fed meetings coming up are live but added that he doesn’t like pre-committing on rates.
- Trump said he would like to do a second meeting with Russian President Putin almost immediately which would include Zelensky if the first meeting...
13 Aug 2025, 11:15 by Newsquawk Desk
- European bourses are firmer across the board; US futures are also higher, but with outperformance in the RTY.
- Dollar extends its post-CPI decline, leading to broad strength across G10s; Kiwi outperforms.
- Bonds are bid and approaching Tuesday's highs, as focus turns to geopols.
- Crude is subdued, gold kept afloat, and base metals flat; focus on Trump/Putin on Friday.
- Looking ahead, BoC Minutes, US President Trump is to...
13 Aug 2025, 06:55 by Newsquawk Desk
- APAC stocks were mostly higher as the region took impetus from the gains stateside where the S&P 500 and Nasdaq closed at record highs.
- US Treasury Secretary Bessent said will need to see months, if not a year, of progress on fentanyl flows before Chinese tariffs come down.
- US Treasury Secretary Bessent stated that the Fed should think about a 50bp cut in September.
- European equity futures indicate a positive cash market open with...
12 Aug 2025, 11:15 by Newsquawk Desk
- European bourses are modestly firmer, whilst US futures trade on either side of the unchanged mark into US CPI.
- DXY flat, GBP rises post-data, EUR choppy, and AUD narrowly lag post RBA.
- USTs/Bunds rangebound into US CPI, whilst Gilts lag after jobs data.
- Crude is choppy with focus on Russia-Ukraine with Zelensky flagging a fresh Russian offensive ahead of Friday talks.
- Looking ahead, US CPI (Jul), EIA STEO, OPEC...
12 Aug 2025, 06:45 by Newsquawk Desk
- US President Trump signed an Executive Order that will extend the tariff suspension on China for another 90 days.
- US President Trump announced on Truth Social that gold will not be tariffed.
- Fed Governor Bowman, Fed Vice Chair Jefferson, and Dallas Fed President Logan are reportedly under consideration for Fed Chair, according to Bloomberg.
- APAC stocks traded mostly higher (Japan outperformed post-holiday), Europe expected to open...
11 Aug 2025, 11:55 by Newsquawk Desk
- US President Trump said he will meet with Russian President Putin on August 15th in Alaska; White House is considering inviting Ukrainian President Zelensky.
- Fed’s Bowman (voter) said that the latest job market data reinforces her forecast for three rate cuts this year.
- Fed Chair list now said to include former St. Louis Fed President Bullard and former George W. Bush adviser Sumerlin, according to WSJ.
- European bourses opened firmer but...
11 Aug 2025, 06:45 by Newsquawk Desk
- APAC stocks were mostly in the green but with gains limited in the absence of notable catalysts from over the weekend and Japan away from market.
- US President Trump said he will meet with Russian President Putin on August 15th in Alaska; White House is considering inviting Zelensky.
- Fed’s Bowman (voter) said that the latest job market data reinforces her forecast for three rate cuts this year.
- Fed Chair list now said to...
08 Aug 2025, 14:11 by Newsquawk Desk
- MON: Norwegian CPI (Jul), Japanese Mountain Day Holiday
- TUE: US-China truce deadline (likely to be extended), RBA Announcement (Aug), UK Jobs Report (Jun), German ZEW Survey (Aug), US CPI (Jul), EIA STEO, OPEC MOMR
- WED: German Final CPI (Jul), Spanish Final CPI (Jul)
- THU: Norges Bank Announcement, Australian Jobs Report (Jul), UK GDP (Jun/Q2), Swedish CPIF (Jul), EZ Flash GDP (Q2) and Employment (Q2), US PPI...
08 Aug 2025, 11:03 by Newsquawk Desk
- POTUS suggested there will be no India tariff talks until things are resolved; Bessent said China tariffs can be on the table "at some point".
- European bourses are mostly incrementally firmer in quiet newsflow; US futures are also marginally higher, with some mild outperformance in the RTY.
- DXY is modestly higher, paring some of the downside seen in the prior day; JPY underperforms.
- Bonds hold a slight bearish bias, Gilts in focus and...
08 Aug 2025, 06:54 by Newsquawk Desk
- POTUS suggested there will be India tariff talks until things are resolved; Bessent said China tariffs can be on the table "at some point".
- Trump appointed CEA Chair Miran as a temporary replacement to fill Kugler's seat at the Fed; BBG reported that Waller is now favourite for Chair.
- European futures point to a firmer cash open, APAC handover mixed amid earnings and into tariff updates.
- DXY firmer with G10s mixed/flat, USTs weak following a...
07 Aug 2025, 11:30 by Newsquawk Desk
- US President Trump said they are going to be putting a very large tariff on chips and semiconductors, which will be at approximately 100%, but added "if you're building in the US, there will be no charge."
- Kremlin Aide Ushakov says an agreement has been reached to hold a meeting with US President Trump and Russian President Putin in the next few days.
- Stocks have been boosted after a Kremlin aide confirmed Trump and Putin are to meet.
- USD is...
07 Aug 2025, 07:00 by Newsquawk Desk
- US President Trump said they are going to be putting a very large tariff on chips and semiconductors, which will be at approximately 100%, but added "if you're building in the US, there will be no charge."
- Crude futures declined yesterday amid Russia/Ukraine optimism following the discussion between the US and Russia which was said to have made progress and with President Trump intending to meet Russian President Putin as soon as next week.
- US President Trump said,...
06 Aug 2025, 11:10 by Newsquawk Desk
- European bourses are modestly higher alongside US futures, RTY outperforms a touch.
- USD is steady as markets ponder Trump's Fed Chair nominee; Antipodeans lead whilst havens lag.
- Gilts hit by the latest assessment of Reeves' fiscal situation, USTs await supply & Fed speak.
- Crude rises as secondary Russian oil sanctions loom alongside US-Russia talks.
- Looking ahead, Fed’s Collins, Cook and Daly, Supply from the...