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, 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...
05 Mar 2025, 06:45 by Newsquawk Desk
- US futures gained after the Wall St. close as Lutnick suggested Trump could potentially reduce tariffs on Canada and Mexico, perhaps as soon as Wednesday.
- APAC mixed but with strength in China after data and the Official Growth Report which maintained a growth target of around 5% and pledged measures to boost spending.
- EUR underpinned by German debt brake reform with the DXY under pressure as a result, Cable hit a YTD peak while NZD was unreactive to...
04 Mar 2025, 11:45 by Newsquawk Desk
- Canada said it will impose retaliatory tariffs on US imports from Tuesday. China announced additional tariffs of up to 15% on some US goods from March 10th.
- European bourses hit as the region reacts to the latest Trump tariffs; US futures modestly lower.
- USD remains on the backfoot, EUR digests defence spending pledges, havens firmer.
- Bonds bolstered by growth concerns and tariff updates despite pressure from block trades & EU...
04 Mar 2025, 06:50 by Newsquawk Desk
- White House said Trump proceeded with tariffs on imports from Canada and Mexico; reports also noted the extra 10% duty on Chinese goods took effect.
- Canada said it will impose retaliatory tariffs on US imports from Tuesday. China announced additional tariffs of up to 15% on some US goods from March 10th.
- APAC stocks were pressured following the sell-off on Wall St where the S&P suffered its worst day of the year so far.
- European...
03 Mar 2025, 11:45 by Newsquawk Desk
- European indices at session highs, Defence stocks roar on EU spending talks. US futures also gain, with the RTY outperforming.
- USD is on the backfoot as tariff deadline looms; EUR benefits from hotter-than-expected EZ HICP.
- Bonds are weighed on by developments around geopols/defence, currently at session lows.
- Crude clipped from APAC highs, Precious metals continue to benefit from the geopolitical risk-premia and softer...
03 Mar 2025, 06:50 by Newsquawk Desk
- APAC stocks saw a rebound from Friday's Asian session sell-off; participants digested better-than-expected Chinese PMI data.
- US Commerce Secretary Lutnick said there will be tariffs on Canada and Mexico on Tuesday but Trump will decide at what levels.
- China is studying countermeasures in response to the US March 4th tariff threat; will likely include both tariffs and a series of non-tariff measures.
- Ukrainian President Zelensky said Ukraine...
28 Feb 2025, 11:20 by Newsquawk Desk
- European bourses are in the red, but with sentiment off lows; ES/NQ gain ahead of US PCE.
- USD remains underpinned by trade angst; Antipodeans lag given the risk-tone.
- Bonds bid after Trump's latest on tariffs & tech pressure, though benchmarks are off highs.
- Commodities lower on month end and ahead of weekend uncertainty.
- Looking ahead, German CPI US PCE & Dallas Fed, Canadian GDP. Credit Reviews for Germany...
28 Feb 2025, 06:50 by Newsquawk Desk
- US President Trump clarified that there will be a 10+10 tariff on China for a total of 20% additional tariffs and that the proposed tariffs on Canada and Mexico are scheduled to go into effect on March 4th.
- US stocks closed notably in the red with the Nasdaq 100 (-2.8%) the clear laggard as the Technology sector was heavily pressured alongside significant losses in NVIDIA (-8.6%).
- APAC stocks declined with heavy pressure seen at month-end following the sell-off on...
27 Feb 2025, 11:30 by Newsquawk Desk
- NVIDIA +1.1% in US pre-market after headline beats whilst Q1 gross margins are seen easing.
- European bourses on the backfoot with sentiment hit in Europe amid Trump’s EU tariff threats; US futures gain.
- Pick-up in US yields provides reprieve for USD, USD/JPY eyes a test of 150.
- Crude trims recent losses but metals pressured by a firmer Dollar.
- Looking ahead, US Durable Goods, GDP 2nd Estimate (Q4), Core PCE Prices...
27 Feb 2025, 06:52 by Newsquawk Desk
- APAC stocks followed suit to the mixed performance stateside for most of the session after tariff-related confusion and NVIDIA's earnings.
- US equity futures eked slight gains in predominantly uneventful trade but were indecisive and immediately fluctuated post-NVIDIA (-1.5% aftermarket) earnings despite the AI darling beating on top and bottom lines.
- White House still plans to implement 25% tariffs on imports from Canada and Mexico next week, at least for now —...
26 Feb 2025, 11:15 by Newsquawk Desk
- European bourses gain and currently reside at highs; US futures also stronger with NQ outperforming ahead of key NVIDIA results.
- DXY attempts to claw back recent losses, EUR/USD lingers around 1.05.
- USTs are off lows but remain in the red while EGBs inch higher.
- Crude choppy, gas subdued, but metals hold a positive bias as the complex digests Trump tariff investigations into copper.
- Looking ahead, US New Homes Sales,...
26 Feb 2025, 06:25 by Newsquawk Desk
- APAC stocks traded mixed as a tech rally in China offset the weak handover from Wall St where the Nasdaq led the declines once again.
- US Commerce Secretary Lutnick said they will investigate the possible imposition of tariffs to rebuild the US copper industry.
- European equity futures indicate a positive cash market open with Euro Stoxx 50 future up 0.7% after the cash market closed with losses of 0.1% on Tuesday.
- DXY is attempting to claw...
25 Feb 2025, 11:20 by Newsquawk Desk
- European bourses are mostly firmer after opening entirely in the red following a negative APAC handover; though US futures remain in the red.
- DXY is a touch lower, EUR/USD stuck on a 1.04 handle, Antipodeans lag.
- Diverging performance with USTs higher whilst Bunds are lower awaiting coalition and/or spending updates.
- Choppy trade in crude with metals subdued despite the softer Dollar.
- Looking ahead, US Consumer...
25 Feb 2025, 06:50 by Newsquawk Desk
- APAC stocks traded lower following the weak handover from the US where the tech sector led the declines.
- US President Trump said they are on time with tariffs and tariffs are going forward; also reportedly looking to tighten chip controls on China.
- EU and UK are to discuss a Europe-wide defence fund amid fear of US pullback, according to FT.
- European equity futures indicate a marginally lower cash open with Euro Stoxx 50 future...
24 Feb 2025, 11:20 by Newsquawk Desk
- European bourses mostly firmer with clear outperformance in the DAX 40 after CDU/CSU wins the German election; US futures gain.
- EUR firmer post-German election, but off best levels, USD mixed vs. peers.
- Two-way action in Bunds as Merz secures the Chancellery but a blocking minority exists, Gilts await BoE speak.
- Crude flat, precious metals mixed, and base metals mostly lower amid tariff woes.
- Looking ahead, US...
24 Feb 2025, 06:55 by Newsquawk Desk
- APAC stocks began the week mixed after last Friday's sell-off on Wall St and amid holiday-quietened trade with Japanese markets closed for the Emperor's Birthday, while participants also reflected on the results from Sunday's German election.
- DAX futures rallied by 1%, Bund futures marginally softened, EUR/USD outperformed and reclaimed the 1.0500 handle as Germany’s CDU/CSU won the election on Sunday with a Grand coalition possible; far-right AfD came second.
- US...
21 Feb 2025, 11:20 by Newsquawk Desk
- European bourses are mostly higher after paring initial pressure following dire French PMIs; US futures are modestly mixed.
- DXY attempts to recoup lost ground, EUR weighed on by PMIs, JPY hit by Ueda remarks.
- BoJ Governor Ueda said if markets make abnormal moves, the BoJ stands ready to respond nimbly, such as through market operations, to smooth market moves.
- Bunds bolstered by soft PMI metrics; Commodities are pressured by the firmer...