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US Market Open: Risk off mood, but off worst levels amid reports China is open to talks with the US, NVIDIA -5.8% after warning of a USD 5.5bln hit
China is said to be open to talks if US President Trump shows respect, via Bloomberg sources; China wants Trump to rein in cabinet members and show consistency; wants US talks to address concerns on Taiwan and sanctions.White House said over 15 trade deal proposals are being considered and some coul
READ STORYEurope Market Open: Risk aversion seen as markets react to NVIDIA export licence, ASML earnings, and tariff updates
US bourses finished mixed with futures thereafter pressured after NVIDIA flagged 5.5bln of charges.White House said over 15 trade deal proposals are being considered and some could be announced soon.DXY gave back some of Tuesday's strength, EUR/USD back above 1.13 and Cable above 1.3250 into UK CPI.
READ STORYUS Market Open: Generally positive sentiment but with recent pressure seen after China seeks to halt Boeing deliveries
China orders a halt to Boeing (BA) jet deliveries as the trade war expands, according to Bloomberg citing sources.US President Trump said they will put tariffs on imported pharmaceuticals in the not-too-distant future.European indices at session highs, LVMH -7% after weak results; US futures are mod
READ STORYEurope Market Open: APAC underpinned after Wall St. gains from Waller, Trump suggested a temporary auto tariff exemption
APAC stocks traded with a predominantly positive bias following on from the gains on Wall St.US President Trump said they will put tariffs on imported pharmaceuticals in the not-too-distant future.Fed's Waller said under the large-tariff scenario with significant economic slowdown, he would favour c
READ STORYUS Market Open: Sentiment boosted by tariff exemptions, with NQ +1.7%, but USD extends losses
US President Trump’s administration exempted items from reciprocal tariffs including smartphones, storage devices and some other electronics.However, Trump posted on Sunday that there was no tariff exception announced on Friday and that these products are subject to the existing 20% fentanyl tariffs
READ STORYEurope Market Open: Equities begin the week firmer after the tariff reprieve for smartphones; Trump's walk-back capped gains
Equities began the week with strength after the tariff reprieve for smartphones, though Trump's walk-back on this capped gains.Trump said there were no exceptions announced on Friday; Lutnick said semiconductor-tariffs in a month & pharma-tariffs in a month or two.DXY remained below the 100 mark
READ STORYWeek Ahead: Highlights include US Retail Sales, China Trade & Activity Data, BoC, ECB, UK & Aussie jobs, Inflation from Canada, Japan, UK and NZ
MON: Chinese Trade Balance (Mar)TUE: RBA Minutes, UK Jobs Report (Feb/Mar), EZ Industrial Production (Feb), German ZEW Survey (Apr), Canadian CPI (Mar)WED: BoC Announcement, Chinese GDP (Q1) & Activity Data (Mar), UK CPI (Mar), EZ Final CPI (Mar), US Retail Sales (Mar), New Zealand CPI (Q1)THU:
READ STORYUS Market Open: DXY slumps & havens lifted after China raises tariffs on US goods to 125%
China unveils additional tariff measures on US goods; to raise additional tariffs on US goods to 125% from 84%. Effective April 12th.China’s Finance Ministry says “if the US continues to impose additional tariffs on Chinese goods exported to the US, China will ignore it”.European indices hit after C
READ STORYEurope Market Open: European futures continue gains despite confused declines on Wall Street
US stocks pared some of Wednesday's historic gain, the Dollar was heavily sold, while the long-end of the Treasury curve saw further selling despite a strong US 30yr auction.The risk-off mood further exacerbated after reports that the White House clarified that US tariffs on China now totalled 145%
READ STORYUS Market Open: USD softer, European bourses gain and US futures wane ahead of CPI
European bourses gain as they react to Trump’s 90-day tariff pause whilst US futures wane.USD is softer vs. most peers as markets digest Trump's tariff walk back.“Beautiful” trade for USTs, Gilts bid but fading, Bunds languish in the red.Crude remains subdued while base metals surge and gold holds o
READ STORYEurope Market Open: Risk assets surge as Trump cuts reciprocal tariffs to 10% for nations that asked for talks
Trump lifted the tariff on China to 125% with immediate effect, announced a 90-day pause & cut reciprocals to 10% for nations that asked for talks.Sparked significant risk on with US bourses closing higher by around 10%, APAC stocks surged & European futures are markedly higher.DXY gave back
READ STORYUS Market Open: US equity futures mixed, DXY lower as China refrains from immediate retaliation for now
US President Trump’s reciprocal tariffs alongside the 104% levy on China came into effect; US President Trump said China is manipulating its currency in offset against tariffs, and added the US will be announcing tariffs on pharmaceuticals soon.China's top leaders are to hold a meeting as soon as We
READ STORYEurope Market Open: USTs & stocks slump as reciprocal tariffs begin, China fares better amid state support
US President Trump’s reciprocal tariffs alongside the 104% levy on China came into effect; US President Trump said China is manipulating its currency in offset against tariffs, and added the US will be announcing tariffs on pharmaceuticals soon.Shanghai Comp. (+0.2%) was somewhat cushioned following
READ STORYUS Market Open: Risk sentiment improves with ES +1.3% whilst USD dips awaiting trade updates
China MOFCOM says China strongly opposes 50% additional tariffs and urges resolution of disputes with United States via dialogue.European bourses are on a firmer footing with US futures also in the green; ES +1.5%.USD softer vs. most major peers, antipodeans lead, EUR/USD remains on a 1.09 handle.Bo
READ STORYEurope Market Open: APAC stocks rebound, European & US futures firmer despite persisting tariff rhetoric
US President Trump showed no signs of easing up on his aggressive approach to trade as he threatened an additional 50% tariff on China.US President Trump said the US is not looking at pausing tariffs; tariffs could be permanent and there could also be talks.APAC stocks were mostly positive as market
READ STORYUS Market Open: Bonds bid, DXY firmer and Equities deep in the red after Commerce Secretary Lutnick said there is no postponing tariffs
US Commerce Secretary Lutnick said there is no postponing tariffs and April 9th tariffs are coming; tariffs are going to stay in place for days and weeks.US NEC Director Hassett said more than 50 countries have reached out to the White House to begin trade negotiations.Stocks continue to sink as ris
READ STORYEurope Market Open: APAC stocks resume heavy selling with Hang Seng down double digits, European futures down over 4%
US Commerce Secretary Lutnick said there is no postponing tariffs and April 9th tariffs are coming; tariffs are going to stay in place for days and weeks.US NEC Director Hassett said more than 50 countries have reached out to the White House to begin trade negotiations.Fed Chair Powell said on Frida
READ STORYWeek Ahead: 7th-11th April 2025: Highlights include US & China CPI, FOMC Minutes, RBNZ, US Earnings Season, Japanese Cash Earnings and UK GDP
MON: Japanese Cash Earnings (Feb), German Trade Balance (Feb), EZ Retail Sales (Feb), EZ Sentix Index (Apr)TUE: N/AWED: FOMC Minutes, RBNZ Announcement, RBI AnnouncementTHU: Chinese Inflation (Mar), Swedish GDP (Feb), Norwegian CPI (Mar), Taiwan Trade Balance (Mar), US CPI (Mar)FRI: UK GDP (Feb), US
READ STORYUS Market Open: Equities lower into Powell & NFP, Markets now fully price four 25bps Fed cuts in 2025
US President Trump, when asked about the market response, said "now it settles in" and added he is open to negotiating if "other countries offer something phenomenal."Trump tariffs take a toll on European stocks which currently reside near lows, US futures also lower with underperformance in the RTY
READ STORYEurope Market Open: APAC stocks continue sell off after Wall St.’s worst session since 2020; DXY tests 101.50 ahead of Powell
US President Trump, when asked about the market response, said "now it settles in" and added he is open to negotiating if "other countries offer something phenomenal."Fed's Jefferson said there is no need to be in a hurry on policy adjustments, Cook said the Fed needs to be "patient but attentive".A
READ STORYUS Market Open: Risk sentiment hit after Trump’s tariff announcement, DXY below 102 whilst EUR/USD climbs above 1.11
US President Trump unveiled individual reciprocal tariffs for each country which are essentially half of what countries were charging the US.The US is to apply a 20% tariff on imports from EU, 34% tariff on imports from China, 26% tariff on imports from India and 25% tariff on imports from South Kor
READ STORYEurope Market Open: Equities and global bond yields sink after Trump’s tariff announcement, XAU at fresh highs
US President Trump unveiled individual reciprocal tariffs for each country which are essentially half of what countries were charging the US.The US is to apply a 20% tariff on imports from EU, 34% tariff on imports from China, 26% tariff on imports from India and 25% tariff on imports from Sout
READ STORYUS Market Open: Cautious risk tone ahead of reciprocal tariff updates on ‘Liberation Day’
US "Liberation Day": US President Trump to announce reciprocal tariffs at 16:00EDT/21:00BST on Wednesday; US Commerce Secretary Lutnick speaks at 08:30EDT/13:30BSTUSTR has reportedly prepared "an across-the-board tariff on a subset of nations that likely would not be as high as the 20% universal tar
READ STORYEurope Market Open: EUR/USD fails to hold above 1.08 & European futures marginally lower into 'Liberation Day'
USTR has reportedly prepared "an across-the-board tariff on a subset of nations that likely would not be as high as the 20% universal tariff option", according to WSJ.APAC stocks were mostly positive but with the major indices stuck within narrow parameters on 'Liberation Day'.European equity future
READ STORYUS Market Open: US equity futures lower whilst DXY is flat, reports suggest that White House aides have drafted a proposal to impose tariffs of around 20%
US Treasury Secretary Bessent said President Trump will announce reciprocal tariffs at 15:00EDT/20:00BST on Wednesday.US President Trump says maybe Tuesday night or Wednesday you will see tariff details and we are going to be nice in comparison to other countries, adds in some cases maybe substantia
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