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US Market Open: Crude sinks after OPEC+ hikes supply, US equity futures & USD lower into ISM Services
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 mixe
READ STORYEurope Market Open: Trump said at "some point" he is willing to lower China tariffs, OPEC+ in focus
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 t
READ STORYWeek Ahead: Highlights include FOMC, BoE, US and China Services PMI, Canada jobs report and China trade
SAT: Australian ElectionMON: Hong Kong Holiday (Buddha's Birth), Japanese Holiday (Children's Day), UK Holiday (Bank Holiday); Swiss CPI (Apr), EZ Sentix (May), US ISM Services PMI (Apr), Turkish CPI (Apr)TUE: Chinese Caixin Services PMI (Apr), EZ Composite/Services Final PMI (Apr), Producer Prices
READ STORYUS Market Open: USD softer whilst US equity futures gain ahead of US NFP, AMZN/AAPL dip post-earnings
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
READ STORYEurope Market Open: US-China trade updates offset pressure from AAPL & AMZN; NFP ahead
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
READ STORYUS Market Open: US equity futures boosted after strong MSFT/META results, US ISM Manufacturing due
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 welco
READ STORYEurope Market Open: BoJ provided some dovish rhetoric, US-China trade updates, Mag 7 numbers ahead
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
READ STORYUS Market Open: Stocks & USTs trade tentatively ahead of a busy data slate and earnings from MSFT & META
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 stron
READ STORYEurope Market Open: APAC stocks fail to sustain strong handover after weak Chinese PMIs, Mag7 earnings ahead
US President Trump said he is going to make a fair deal with China on trade; predicts that China will eat the tariffs.APAC stocks failed to sustain the positive handover from Wall St and traded mixed; Chinese official PMIs disappointed.European equity futures indicate a contained cash market open wi
READ STORYUS Market Open: US equity futures & USD modestly firmer with focus on reports of Trump easing auto tariff impact, Canada’s Liberals win election
US President Trump is expected to soften the impact of his automotive tariffs, according to WSJ citing sources.European bourses are mixed, whilst US equity futures trade incrementally higher, ahead of a slew of earnings.USD attempts to claw back some of Monday’s losses, CHF & JPY lags whilst the
READ STORYEurope Market Open: European futures green after strong bank earnings and auto tariff reports; Canada's Carney wins election
US President Trump is expected to soften the impact of his automotive tariffs, according to WSJ citing sources.Canada's ruling Liberals, led by Mark Carney, won the national election but will need to form a minority government.APAC stocks were mostly in the green but with gains capped following the
READ STORYUS Market Open: US equity futures mixed, USD choppy on spot month end and USTs contained into Treasury Financing Estimates
USTR’s office was reported on Friday to have prepared a framework for staggered reciprocal trade negotiations aimed at streamlining talks with 18 partners on a rolling basis over the next 2 months until the US’s July 8th deadline, according to WSJ.US Treasury Secretary Bessent said he had interactio
READ STORYEurope Market Open: Equity futures modestly higher ahead of this week's risk events including BoJ, NFP and Mag7 Earnings
USTR’s office was reported on Friday to have prepared a framework for staggered reciprocal trade negotiations aimed at streamlining talks with 18 partners on a rolling basis over the next 2 months until the US’s July 8th deadline, according to WSJ.US Treasury Secretary Bessent said he had interactio
READ STORYWeek Ahead: Highlights include US NFP, ISM Mfg. PMI, PCE, GDP, BoJ, EZ CPI, Aussie CPI, EZ and UK GDP
MON: Canada ElectionTUE: NBH Announcement, German GfK Consumer Sentiment (May), Spanish Flash CPI (Apr), Swedish GDP (Q1), EZ Sentiment Survey (Apr)WED: Japanese Activity Data (Mar), Chinese Official PMI (Apr), Australian CPI (Mar), Chinese Caixin Manufacturing PMI Final (Apr), German Retail Sales a
READ STORYUS Market Open: Positive China trade reports boost sentiment, GOOGL +5% post-earnings
China is said to consider exempting some US goods from tariffs as costs increase with Chinese authorities considering removing additional levies for medical equipment and some industrial chemicals like ethane, according to Bloomberg citing sources familiar with the matter.China's Foreign Ministry sa
READ STORYEurope Market Open: European equity futures higher after sentiment boosted on trade updates & Alphabet earnings
China is said to consider exempting some US goods from tariffs as costs increase with Chinese authorities considering removing additional levies for medical equipment and some industrial chemicals like ethane, according to Bloomberg citing sources familiar with the matter.US President Trump said eit
READ STORYUS Market Open: Downbeat sentiment with Dollar lower whilst USTs benefit, Alphabet results due
US President Trump said it depends on China how soon tariffs can come down and they have spoken to 90 countries regarding tariffs already.US President Trump said if they don't have a deal, they will set tariffs and could set the tariff for China over the next two or three weeks, while he suggested t
READ STORYEurope Market Open: APAC stocks mixed despite the strong US handover, focus remains on China talks
US President Trump said it depends on China how soon tariffs can come down and they have spoken to 90 countries regarding tariffs already.US President Trump said if they don't have a deal, they will set tariffs and could set the tariff for China over the next two or three weeks, while he suggested t
READ STORYUS Market Open: Positive risk tone with stocks in the green, TSLA +6.5% after CEO Musk signals a step back from DOGE
US President Trump said the Fed should lower interest rates and would like the Fed chair to be early or on time, adds no intention of firing the Fed chair and wants Powell to be more active on rates.European bourses move higher as US Treasury Secretary Bessent and the latest Trump comments on Powell
READ STORYEurope Market Open: Risk appetite gains after Trump softens stance on Powell & among a number of trade updates
US Treasury Secretary Bessent told a closed-door investor summit that the tariff standoff with China is unsustainable and expects the situation to de-escalate.US President Trump said the Fed should lower interest rates; has no intention of firing the Fed chair and wants Powell to be more active
READ STORYUS Market Open: DXY flat & US futures gain ahead of a slew of Fed speakers and TSLA earnings
European bourses modestly lower; US futures attempt to pare back Monday’s hefty losses.DXY flat, USD/JPY fails to sustain a move below 140, EUR/USD back on a 1.14 handle as USD bounces off lows.Modest UST & Bund divergence while Gilts lag and hit lows on BoE's Greene, who highlighted that wage g
READ STORYEurope Market Open: European futures lower, USD/JPY dips below 140 after Trump renews pressure on Fed Chair Powell
APAC stocks traded mixed with most indices rangebound despite the sell-off on Wall St after President Trump renewed his criticism against Fed Chair Powell.European equity futures indicate a lower cash market open with Euro Stoxx 50 future down 0.5%.DXY has extended on recent downside with JPY the ma
READ STORYWeek Ahead 21st-25th April 2025: Highlights include Global Flash PMIs, PBoC LPR, Tokyo CPI, UK Retail Sales
SUN: Easter Sunday, PBoC LPR SettingMON: Easter MondayTUE: Canadian Producer Prices (Mar), US Richmond Fed (Apr)WED: EZ/UK/US Flash PMIs (Apr)THU: German Ifo Survey (Apr), US Durable Goods (Mar)FRI: PBoC MLF, Japanese Tokyo CPI (Apr), UK Retail Sales (Mar), US UoM Final (Apr)PBOC LPR (SUN): There ar
READ STORYUS Market Open: NQ benefits after strong TSMC results, USD firmer whilst EUR slips ahead of ECB
European bourses opened mixed, but gradually slipped lower as the morning progressed; US futures positive after strong TSMC results.USD is attempting to claw back some of Wednesday’s losses. EUR awaits ECB rate cut.Bonds are softer following the robust macro tone, EGBs await the ECB.Crude extends on
READ STORYEurope Market Open: Powell sends stocks lower despite "Big Progress" on US-Japan trade talks, ECB ahead
Fed Chair Powell reaffirmed a wait-and-see approach and suggested incredibly high uncertaintyUS President Trump said "Big Progress!" was made with Japan on tradeAPAC shrugged off the negative Wall St. handover, but gains were capped with drivers limitedDXY found reprieve from recent pressure but rem
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