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Europe Market Open: Mild upward bias in Europe as Wall Street sentiment reverberates
US Treasury Secretary Bessent will meet with Chinese Vice Premier He and other senior Chinese officials next week in Madrid, while Bessent and He are to discuss key US-China national security, economic and trade issues.US President Trump's administration asked the US appeals court to pause a ruling
READ STORYUS Market Open: DXY is firmer whilst USTs trade on the backfoot into US CPI, EUR awaits the ECB
European bourses are modestly firmer, whilst US equity futures are mixed ahead of the ECB and US CPI.DXY is firmer and towards session highs; JPY underperforms, with USD/JPY rising to just shy of the 148.00 mark.USTs and Bunds are a touch softer into ECB/US CPI and a 30-year auction following a stro
READ STORYEurope Market Open: Cautious sentiment as European traders look ahead of US CPI and ECB
APAC stocks followed suit to the mixed performance stateside, where the S&P 500 and Nasdaq printed fresh record highs.US President Trump's administration appealed the court ruling blocking the removal of Fed Governor Cook.US Senate Republicans are aiming to confirm President Trump’s tempora
READ STORYUS Market Open: European stocks gain but off best levels after Poland asked to evoke Article 4 of NATO treaty; USD flat into US PPI
Poland said its airspace was repeatedly violated by drones during today's attack by Russia on Ukraine; Poland shot down Russian drones after 'unprecedented airspace violation'. Polish PM Tusk says Poland asked to evoke Article 4 of NATO treaty.US President Trump reportedly asked the EU to hit China
READ STORYEurope Market Open: Poland shoots down Russian drones; Trump asks EU to hit India and China with 100% tariffs
Poland said its airspace was repeatedly violated by drones during today's attack by Russia on Ukraine; Poland shot down Russian drones after 'unprecedented airspace violation'.US President Trump reportedly asked the EU to hit China and India with 100% tariffs to pressure Russian President Putin to e
READ STORYUS Market Open: JPY bid on hawkish BoJ sources, USTs pressured into supply & BLS NFP Prelim Revisions
Global equity futures are modestly mixed; Anglo American & Teck merge to create a USD 50bln mining giant.USD is a little lower whilst JPY soars amid hawkish BoJ reports.OAT-Bund 10yr spread a little wider in the aftermath of French PM Bayrou’s removal, JGBs hit by BoJ sources.BoJ reportedly sees
READ STORYEurope Market Open: French PM Bayrou loses, Macron to name a new PM in the coming days
French PM Bayrou lost the confidence vote in the National Assembly, as expected; French President Macron said he will name a new PM in the coming days.UK Chancellor Reeves is to tell ministers to prioritise the fight against inflation in a Cabinet meeting today, according to FT.US Senate Banking pan
READ STORYUS Market Open: Mild positive risk tone, with Antipodeans leading whilst the JPY has been hit after PM Ishiba resigns
Japanese PM Ishiba said he has decided to resign as LDP president and gave instructions to hold an emergency LDP leadership election; LDP is making final arrangements for a leadership vote on October 4th, according to TBS.US President Trump said Waller, Warsh and Hassett are the three finalists for
READ STORYEurope Market Open: Japan to hold an emergency LDP election, French confidence motion looms
Japanese PM Ishiba said he has decided to resign as LDP president and gave instructions to hold an emergency LDP leadership election; LDP is making final arrangements for a leadership vote on October 4th, according to TBS.US President Trump said Waller, Warsh and Hassett are the three finalists for
READ STORYWeek Ahead: Highlights include US CPI, BLS revisions, ECB, OPEC, French No Confidence Vote, Chinese Inflation & Trade, Japanese GDP, Apple Event
MON: Japanese GDP (Q2), German Industrial Output (Jul), EZ Sentix Index (Sep), US Employment Trends (Aug), Chinese Trade Balance (Aug), French no-confidence voteTUE: UN General Assembly (Iran focus likely), Apple Event, BLS Prelim Benchmark RevisionsWED: Chinese Inflation (Aug), Swedish Monthly GDP
READ STORYUS Market Open: USTs flat & DXY lower into US NFP; NQ outperforms after Broadcom shares soar on a new AI deal
US President Trump said he would be placing chip tariffs “very shortly,” which will be “fairly substantial”, but signalled Apple (AAPL) and others will be safe during his dinner with tech CEOs at the White House on Thursday, according to CNBC.US President Trump said they are going to get the war in
READ STORYEurope Market Open: Trump flags chip tariffs, but some firms will be safe; NFP ahead
US President Trump said he would be placing chip tariffs “very shortly,” which will be “fairly substantial”, but signalled Apple (AAPL) and others will be safe during his dinner with tech CEOs at the White House on Thursday, according to CNBC.Fed’s Williams (voter) reiterated that he expects gradual
READ STORYUS Market Open: US equity futures move higher, DXY/USTs await key US data & Fed Chair nominee Miran's hearing
European bourses and US equity futures are modestly firmer ahead of US data.USD awaits a data deluge, Antipodeans lag and JPY digests potential US/Japan auto tariff reduction.EGBs and Gilts bounce while USTs remain flat into data; Spanish auction was well received, whilst some short-lived pressure w
READ STORYEurope Market Open: Trade and geopolitics in focus into a packed US agenda
APAC stocks followed suit to the mixed performance stateside, where tech and communications outperformed following the Google antitrust ruling, and participants digested dovish data and Fed rhetoric.US President Trump said it is possible that someday tariffs will replace income tax.UK Chancellor Ree
READ STORYUS Market Open: NQ boosted after Google (+5.7%) is spared break-up; Crude slips on reports OPEC+ is mulling a production hike
European bourses are broadly in the green; US equity futures are mixed, with clear outperformance in the NQ, boosted by Google (+5.7% pre-market).A US judge ruled Google will not have to sell Chrome or Android in the monopoly case but must share search data with rivals and stop exclusive distributio
READ STORYEurope Market Open: Futures point to a firmer open despite a lower APAC handover
APAC stocks were predominantly lower following the weak handover from Wall St; sentiment dampened by global debt concerns.European equity futures indicate a higher cash market open with Euro Stoxx 50 future up 0.3% after the cash market closed with losses of 1.4% on Tuesday.DXY is holding onto yeste
READ STORYUS Market Open: DXY soars as GBP & JPY sinks, US equity futures also lower into ISM Manufacturing PMI
US Treasury Secretary Bessent said he plans to write a brief for the US Solicitor General to file that defends US President Trump’s tariffs.European bourses opened mixed but are now mostly lower; US futures also slip, with underperformance in the RTY.GBP and JPY selling helps support DXY into key US
READ STORYEurope Market Open: Cautious APAC trade given the US holiday, awaiting trade & Fed updates
APAC stocks traded mostly lower with the region cautious amid a lack of fresh drivers and following the holiday lull stateside.BoJ Deputy Governor Himino reiterated it is appropriate to continue raising interest rates in accordance with improvements in the economy and prices but noted high uncertain
READ STORYEurope Market Open: US appeals court deem Trump tariffs as illegal, European bourses look to open higher
US Appeals Court upheld a ruling that most Trump tariffs were illegal but kept them in place as the case proceeds.US was reported on Friday to revoke authorisations for Intel (INTC), SK Hynix (000660 KS) and Samsung (005930 KS) to receive American chipmaking equipment in China unless they obtain lic
READ STORYNewsquawk Week Ahead: Highlights include US NFP, ISM PMIs, EZ Flash CPI, UK Retail Sales, and Canada Jobs
MON: US Labor Day, South Korean Trade Balance Prelim (Aug), Chinese Caixin Manufacturing PMI (Final), EZ, UK, US Manufacturing PMI (Final), New Zealand Terms of Trade (Q2)TUE: South Korean CPI (Aug), EZ Flash HICP (Aug), US ISM Manufacturing PMI (Aug)WED: NBP Announcement, Australia Real GDP (Q2), U
READ STORYUS Market Open: Waller reiterates call for 25bps Sept. cut; Stocks lower, USD & USTs contained into PCE
Fed's Waller (voter, dovish dissenter) said the time has come to move policy to a more neutral stance and he would support a 25bps cut at the September meeting and anticipates additional rate cuts over the next 3–6 months.European bourses underperform on ongoing political uncertainty, UK banks hit o
READ STORYEurope Market Open: Stocks unchanged after SPX made record highs; PCE ahead
Fed's Waller (voter, dovish dissenter) said the time has come to move policy to a more neutral stance and he would support a 25bps cut at the September meeting and anticipates additional rate cuts over the next 3–6 months.Fed Governor Cook’s lawyers suggested an unintentional “clerical error” may ha
READ STORYUS Market Open: NVIDIA -1.7% post earnings after Q3 rev. guidance & China risks; US GDP/PCE (Q2) due
European bourses erase early morning strength; NVIDIA (-1.9% pre-market) post-earnings.NVIDIA shares are pressured in pre-market trade despite beating on top and bottom lines, as its revenue guidance was not as strong as some were hoping for and with questions remaining regarding chip sales to China
READ STORYEurope Market Open: NVIDIA beats on top and bottom line, shares fall -3% on revenue guidance
US Treasury Secretary Bessent reiterated that there are 11 strong Fed chair candidates, while he added they will start interviews after Labor Day and present a shortlist to President Trump.NVIDIA (-3.1%) shares were pressured post-earnings despite beating on top and bottom lines, as its revenue guid
READ STORYUS Market Open: DXY firmer & USTs contained in quiet trade ahead of NVIDIA earnings
European bourses opened mostly firmer but now display a mixed picture; NVDA +0.5% into earnings.DXY rises following prior day's losses and risk aversion; Aussie fails to benefit from earlier upside post-CPI.USTs steady, Bunds/Gilts are bid albeit with little newsflow, but as the risk tone dipped a t
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