16 May 2025, 10:50 by Newsquawk Desk
- Stocks are broadly in positive territory; US equity futures are modestly higher ES +0.3%.
- USD on the backfoot but only marginally so, EUR & GBP pivot 1.12 & 1.33 vs the USD.
- Bonds are firmer but are currently set to end a tumultuous week back where they started.
- Crude is awaiting geopolitical updates from numerous regions/conflicts, XAU dips.
- Looking ahead, US Export/Import Prices, UoM Sentiment Survey, BoC...
16 May 2025, 06:40 by Newsquawk Desk
- Mixed APAC trade, US futures range bound while European futures point to a marginally firmer open.
- DXY remains lower after Thursday's data, EUR/USD marginally reclaimed 1.12, USD/JPY found support at 145.00.
- Fixed benchmarks extended/held on to recent gains.
- Crude benchmarks remain underpinned by the latest on US-Iran, metals marginally softer.
- Looking ahead, highlights include US Export/Import Prices,...
15 May 2025, 10:55 by Newsquawk Desk
- European equities are subdued awaiting US data and Fed Chair Powell; US equity futures also tilt lower (ES -0.6%).
- DXY is subdued and contained whilst havens seen some inflows amid the broader risk tone.
- Fixed income benchmarks trade slightly firmer into US data and Fed Chair Powell's speech.
- Crude futures are curtailed by Trump suggesting the US is getting close to a deal with Iran, while metals await data &...
15 May 2025, 06:45 by Newsquawk Desk
- APAC stocks were predominantly lower following the mixed handover from Wall St, where the major indices were somewhat choppy and small caps underperformed as yields edged higher.
- US equity futures were lacklustre with participants awaiting comments from Fed Chair Powell and a slew of US data releases.
- European equity futures indicate a slightly lower cash market open with Euro Stoxx 50 futures down 0.3% after the cash market finished with losses of 0.2% on...
14 May 2025, 11:20 by Newsquawk Desk
- White House economic adviser Hassett says the administration has more than 20-25 deals on the table and when President Trump returns, he will announce the next deal, according to a Fox interview.
- Stocks opened mixed but now hold a downward bias as the risk tone dips; US futures flat/modestly lower.
- DXY is hit and makes a fresh WTD low, JPY leads.
- Bonds hold an upward bias as risk appetite deteriorates, Bunds see modest upside on a...
14 May 2025, 07:00 by Newsquawk Desk
- White House economic adviser Hassett said the administration has more than 20-25 deals on the table with deals close to being finalised and when President Trump returns, he will announce the next deal, according to a Fox interview.
- US President Trump said his relationship with China is good and he could see himself dealing with Chinese President Xi on a deal, according to a Fox News interview.
- US President Trump said the market will go higher and it is amazing what...
13 May 2025, 11:05 by Newsquawk Desk
- White House Executive Order said US will cut the minimum tariff on China shipments from 120% to 54%, and a minimum flat fee of USD 100 is to remain.
- European bourses are modestly firmer while US futures dip into the red. Focus this morning has been on Bloomberg reporting, which suggests China is to lift its ban on Boeing deliveries after the US-China tariff pause.
- DXY takes a breather to the benefit of other G10s; Antipodeans lead.
- EGBs and...
13 May 2025, 06:50 by Newsquawk Desk
- APAC stocks traded mostly higher following the rally on Wall St owing to the US-China trade war de-escalation after both sides agreed to cut tariffs by 115ppts for an initial period of 90 days, although some of the gains were capped as the euphoria began to moderate.
- White House Executive Order said US will cut the minimum tariff on China shipments from 120% to 54%, and a minimum flat fee of USD 100 is to remain.
- DXY took a breather and gave back some of yesterday's...
12 May 2025, 11:00 by Newsquawk Desk
- US and China agree to bring down reciprocal tariffs by 115ppts for 90 days, sparking immediate risk on price action; DXY, ES, Crude bid; XAU & Fixed hit.
- US President Trump said he will sign an executive order on Monday at 09:00EDT with prescription drug and pharmaceutical prices to be reduced almost immediately by 30%-80% and the US is to pay the same price as the nation that pays the lowest price anywhere in the world."
- Ukraine and European leaders said they...
12 May 2025, 06:55 by Newsquawk Desk
- US President Trump said there was a very good meeting with China on Saturday, and many things were discussed and much agreed to, while he stated a total reset was negotiated in a friendly but constructive manner.
- USTR Greer said differences are not as great as previously thought, and Treasury Secretary Bessent said he looks forward to sharing details on Monday morning.
- Chinese Vice Premier He Lifeng said trade talks were constructive, and they made substantive...
09 May 2025, 10:40 by Newsquawk Desk
- European stocks are firmer across the board, whilst US equity futures trade cautiously ahead of US-China talks on the weekend.
- USD recovery pauses for breath, JPY outperforms whilst the Kiwi lags a touch.
- Marked divergence as EGBs & Gilts react in full to trade updates. USTs await a barrage of Fed speak.
- Softer intraday Dollar keeps commodities afloat for now.
- Looking ahead, Canadian Jobs, Speakers including...
09 May 2025, 06:40 by Newsquawk Desk
- US weighs a plan to slash China tariffs to as low as 50% from 145% as soon as next week, according to the New York Post citing sources. US President Trump said China tariffs can't get any higher than 145% and know it's coming down.
- US President Trump said, "Better go out and buy stocks now" and commented that the stock market will really rally now.
- US stocks closed off today's best levels amid reports that President Trump is pushing for a new top tax rate on the...
08 May 2025, 10:35 by Newsquawk Desk
- Equities complex broadly positive in anticipation of US President Trump’s deal announcement; NQ +1.3%.
- DXY back above 100, EUR/USD slips onto a 1.12 handle, GBP eyes UK-US trade deal and BoE.
- Gilts edge higher into the BoE and Trump's announcement, USTs & Bunds slip slightly.
- USD pickup weighs on gold whilst crude remains focused on geopolitical developments.
- Looking ahead, US Jobless Claims, Wholesale Sales...
08 May 2025, 06:40 by Newsquawk Desk
- Fed kept rates unchanged; noted that risks to the economic outlook increased further and risks to both sides of the mandate have risen.
- President Trump said he is unwilling to lower tariffs to get China to the table; also reported that Trump is to rescind global chip curbs.
- APAC stocks were mostly higher following the mildly positive handover from Wall St; European stocks are set to open higher.
- DXY is steady with the USD mixed vs....
07 May 2025, 10:52 by Newsquawk Desk
- China's Ministry of Commerce confirmed US-China trade talks with Vice Premier He Lifeng to visit Switzerland from May 9th-12th and will visit France from May 12th-16th for economic and financial dialogue.
- PBoC Governor Pan announced to cut RRR by 50bps effective May 15th and to cut the policy interest rate by 10bps effective on May 8th with the 7-day reverse repo rate lowered to 1.40% and interest rates on Standing Lending Facility across all tenors lowered by 10bps. Pan stated that the...
07 May 2025, 06:50 by Newsquawk Desk
- China's Ministry of Commerce confirmed US-China trade talks with Vice Premier He Lifeng to visit Switzerland from May 9th-12th and will visit France from May 12th-16th for economic and financial dialogue.
- PBoC Governor Pan announced to cut RRR by 50bps effective May 15th and to cut the policy interest rate by 10bps effective on May 8th with the 7-day reverse repo rate lowered to 1.40% and interest rates on Standing Lending Facility across all tenors lowered by 10bps. Pan stated that the...
06 May 2025, 11:04 by Newsquawk Desk
- Sentiment in the equities complex hit after HKMA said it has been lowering its duration in US treasury holdings; the exchange fund has been diversifying into non-US assets; ES -0.7%, NQ -1%.
- Germany's CDU leader Merz fails to be elected as Chancellor, a decision which has sparked pressure in European bourses leading to underperformance in the DAX 40.
- USD on the backfoot, JPY leads the majors, EUR upside stalled in reaction to Merz...
06 May 2025, 06:40 by Newsquawk Desk
- APAC stocks were mostly higher but with gains capped following disappointing Chinese Caixin Services PMI.
- European equity futures indicate a slightly lower open with Euro Stoxx 50 future down 0.1% after the cash market finished flat on Monday.
- DXY failed to hold above the 100 mark, EUR/USD sits on a 1.13 handle, USD/JPY was unable to maintain its footing above 144.
- Crude futures have clawed back nearly all the losses seen in reaction to the...
05 May 2025, 11:35 by Newsquawk Desk
- US President Trump said he is willing to lower tariffs on China at some point. He answered no when asked if he plans to speak with Chinese President Xi this week.
- US President Trump reiterated that the Fed should lower interest rates and said he won’t remove Fed Chair Powell.
- European bourses are mixed but with price action fairly rangebound; FTSE 100 closed, with the UK on holiday; US futures entirely in the green.
- USD kicks the week off on...
05 May 2025, 06:45 by Newsquawk Desk
- APAC stocks were ultimately mixed in holiday-thinned trade with most major markets in the region shut.
- US President Trump said he is willing to lower tariffs on China at some point. He answered no when asked if he plans to speak with Chinese President Xi this week.
- US President Trump reiterated that the Fed should lower interest and said he won’t remove Fed Chair Powell.
- European equity futures indicate a slightly lower cash market open...
02 May 2025, 10:57 by Newsquawk Desk
- China is said to be conducting an assessment on US trade negotiations and urged the US to demonstrate sincerity for trade talks, while it urged the US to correct mistakes regarding tariffs and noted it is currently evaluating possible US trade talks.
- US Secretary of State Rubio said the Chinese want to meet and talk, while he added those talks will come up soon and there's a broader question about how much we should buy from China going forward
- Japanese Finance...
02 May 2025, 06:45 by Newsquawk Desk
- China is said to be conducting an assessment on US trade negotiations and urged the US to demonstrate sincerity for trade talks, while it urged the US to correct mistakes regarding tariffs and noted it is currently evaluating possible US trade talks.
- US Secretary of State Rubio said the Chinese want to meet and talk, while he added those talks will come up soon and there's a broader question about how much we should buy from China going forward
- Japanese Finance...
01 May 2025, 10:54 by Newsquawk Desk
- Europe on holiday, US equity futures entirely in the green with sentiment boosted after strong META/MSFT results.
- DXY is a little firmer ahead of US data, JPY hit post-BoJ/Ueda.
- JGBs lead post BoJ/Ueda, USTs await Tier 1 data points.
- Crude continues to decline, XAU hit by the USD while base peers welcome the US tone post-Mag7.
- Looking ahead, US Challenger Layoffs, Jobless Claims & ISM...
01 May 2025, 06:35 by Newsquawk Desk
- APAC stocks traded higher but with gains capped in severely thinned conditions owing to mass holiday closures across the region and in Europe for Labour Day.
- BoJ kept rates unchanged at 0.50% and provided some dovish rhetoric despite maintaining its rate hike signal.
- US is said to have reached out to China recently for tariff talks, according to Bloomberg citing an influential social media account.
- US stocks were boosted heading into the...
30 Apr 2025, 11:20 by Newsquawk Desk
- US President Trump said he is going to make a fair deal with China on trade; predicts that China will eat the tariffs.
- Stocks trade tentatively ahead of a slew of key risk events, including US GDP/PCE and earnings from Microsoft & Meta.
- USD looks to build on Tuesday’s advances, EUR overlooks strong GDP, AUD is supported by hot CPI.
- USTs are contained into data & refunding, EGBs firmer but largely unaffected by a data...