StreetAccount U.S. Daily Market Preview is FactSet's daily podcast aiming to bring listeners up to speed with financial markets information on the day to come as quickly as possible. With a target time of ~5 minutes and a publish time of ~5:00 ET, this is an ideal listen prior to market open.
The FactSet U.S. Daily Market Preview podcast is an essential tool for anyone in the financial sector looking to stay informed about global market news. This podcast serves as a morning coffee, providing listeners with a brief and informative summary of worldwide market activity to start their day. The value it adds to the mornings ahead is undeniable, equipping listeners with the knowledge they need before stepping into the market.
One of the best aspects of this podcast is its ability to provide a comprehensive overview of global market news in just five minutes. The hosts cover a wide range of topics, including stocks, currencies, commodities, and economic data, giving listeners a holistic view of what's happening around the world. This brevity is especially valuable for individuals who have busy schedules and limited time in the morning but still want to stay updated on market developments.
Another great feature of this podcast is its ability to deliver information that specifically targets those in the financial sector. By providing a concise recap of overnight market activity, listeners can walk into the office well-informed about what happened while they were sleeping. This allows them to make more educated decisions throughout the day and stay ahead in a fast-paced industry where every minute counts.
While there are many positive aspects of The FactSet U.S. Daily Market Preview podcast, one potential downside may be its brevity. Some listeners might prefer a more in-depth analysis or interviews with industry experts to gain further insights into market trends and predictions. However, it's important to note that this podcast is designed as a quick rundown for individuals on-the-go, so it accomplishes its objective effectively by providing key highlights efficiently.
In conclusion, The FactSet U.S. Daily Market Preview podcast is an invaluable resource for those working in the financial sector. Its ability to summarize global market news concisely and comprehensively in just five minutes makes it ideal for individuals who need a quick update while getting their morning coffee or commuting to the office. While it may not offer in-depth analysis, it fulfills its purpose of keeping listeners informed and prepared for their workday in the market. Highly recommended for those looking to stay ahead in the fast-paced world of finance.
US equity futures are slightly weaker. Asia ended mixed, and European markets are softer. Focus remains on US core PCE inflation due Friday, with expectations for a modest monthly rise; Fed Governor Waller dissented from the decision to leave rates unchanged at the July FOMC meeting in favor of a rate cut; US Q2 GDP was revised higher, supported by stronger consumer spending and lower imports; EU offered to scrap tariffs on US industrial goods and provide preferential access to certain food exports, while the US extended China tariff exclusions through November; Fed Governor Cook filed suit against President Trump contesting her dismissal, with the first court hearing scheduled for Friday.Companies Mentioned: Apple, Sapporo Holdings, Spirit Aviation, Frontier Group
US equity futures are little changed. Asia ended mixed, and European markets are firmer. Nvidia topped consensus revenue guidance though data center sales fell short of more optimistic expectations, and the group authorized a $60B buyback; In trade developments, EU is preparing legislation to cut tariffs on US industrial goods in exchange for lower US auto tariffs, while Mexico is set to raise tariffs on China to placate Washington; Japan's negotiator Akazawa canceled a planned US trip, clouding a $550B investment package, while Chinese officials are expected in Washington though talks are seen as low priority; Market focus remains on core PCE inflation due Friday, with odds of a September Fed rate cut at 87% and roughly 55 bp of easing expected this year.Companies Mentioned: Nvidia, SMIC, Cambricon Technologies
S&P futures are pointing to a flat open today. Markets are awaiting Nvidia's earnings due after the close, with previews broadly expecting a Q2 beat as momentum builds around the Blackwell GPU. Asian markets traded mixed on Wednesday, with China markets underperforming, but European markets are slightly firmer in early trades. President Trump's decision to dismiss Fed Governor Cook continues to dominate press coverage, though market reaction has been relatively contained. As anticipated, Cook is preparing a court challenge, which could set off a drawn-out legal process. Companies Mentioned: T-Mobile, Canada Goose, GE Aerospace, OpenAI, Microsoft
S&P futures are pointing to a slightly lower open today, down 0.2%. Asian markets closed mostly lower today, and European equity markets are also weaker in early trades. President Trump announced the dismissal of Fed Governor Lisa Cook, citing alleged mortgage fraud and gross negligence. Cook, whose term runs until 2038, disputes Trump's authority to remove her and may seek an injunction to challenge the decision. Market analysts suggest that Cook's removal, combined with broader political interference, could weaken the dollar, steepen the Treasury yield curve, and undermine inflation-fighting efforts.Companies mentioned: Invesco, PDD, CSX Corp, Berkshire Hathaway
US equity futures are slightly down. Treasury yields are higher across tenors. US 2-year up to 3.7% and 10-year stays at 4.3%. Crude is marginally higher, gold lower. US dollar bounced slightly back from Friday's selloff, yen weaker, yuan at month-long high. Asia equities traded higher although most major benchmarks closed away from their highs. European markets opened slightly down. Risk sentiment is largely being supported by Fed rate cut expectations that were reinforced by dovish-leaning comments by Chair Powell on Friday. Powell warned risks may warrant adjusting policy amid weakening labor market and that tariff effects on prices will be short-lived. Market is fully pricing in two rate cuts by year-end, though some Fed watchers sounding note of caution on easing prospects ahead of Friday's release of July PCE index. Companies Mentioned: Entain, JDE Peet's, Vital Energy
US equity futures are slightly softer. Asia ended mixed, and European markets are lower. Markets remain focused on Fed Chair Powell's Jackson Hole speech, with September rate cut odds falling below 80% after hawkish Fedspeak and stronger US flash PMIs. July FOMC minutes leaned hawkish, though the impact was muted by subsequent labor data; US flash PMIs showed the strongest manufacturing and services readings in over a year, but input prices rose sharply, adding stagflation concerns alongside the weaker Philadelphia Fed survey; Markets continue to track AI-driven equity pullbacks and tariff headlines, with investors bracing for possible US chip tariff announcements.Companies Mentioned: Nvidia, Boeing, Tesla
US equity futures are slightly softer. Asia ended mostly higher, and European markets are softer. Big tech pullback remains in focus amid concerns about AI valuations, competition, and stretched technicals, though many still view the downturn as temporary given the buy-the-dip pattern and strong earnings support; Central bank attention is on Fed Chair Powell's upcoming Jackson Hole speech, with markets debating whether he will strike a more dovish tone after July's mixed labor data; BoE rate cut expectations fluctuated this week on hotter UK inflation. ECB's Lagarde said a US-EU trade deal remains in line with baseline forecasts, reinforcing expectations of unchanged policy in September; Bond yield backup a theme across Japan and China, with superlong yields hitting multi-decade highs amid weak auction demand and renewed fiscal concerns.Companies Mentioned: Meta, Nvidia, Weatherford International
S&P futures are pointing to a slightly lower open today, down (0.2%). Asian markets traded lower on Wednesday, led by steep losses in tech-heavy benchmarks, and European markets have also opened softer. Global technology stocks experienced a sell-off after a strong rally driven by bullish AI earnings, with major tech and AI-related stocks like SoftBank, Advantest, and SK Hynix among the biggest decliners. Companies Mentioned: Chevron, Intel, Apple
S&P futures are pointing to a flat open today, down (0.1%). Asian markets closed mostly lower today, but European equity markets are firmer in early trades. President Zelensky and European leaders met with President Trump at the White House on Monday to discuss security guarantees for Ukraine. The talks were described as constructive, with Trump expressing openness to U.S. participation in such guarantees. Details of the arrangements are expected to be finalized in the coming days.Companies Mentioned: Softbank, Intel, NVIDIA, Tegna
S&P futures slightly down, coming after solid gains last week that saw several fresh record highs. Treasuries are a bit firmer across the curve. Yields are down after bear steepening move last week. Dollar index up, Gold up. Bitcoin futures down, WTI crude up. Geopolitics remains the biggest focus over the weekend after Friday's summit between Trump and Putin ended with no commitment for Russia to end the Ukraine war. European leaders including Ukraine's Zelenskiy are set to meet Trump in Washington today, while White House officials confirmed the US would offer Ukraine a secure guarantee. Companies Mentioned: Saudi Aramco, Petrobras, Tesla
US equity futures are firmer with the S&P 500 up modestly. Asia ended mostly higher, and European markets are stronger. Fed rate cut expectations remain elevated despite hotter-than-expected July PPI, with markets still pricing a high probability of a September cut; China's latest activity data showed broad deterioration in industrial production, fixed asset investment, and retail sales, with the property downturn deepening; Japan's Q2 GDP growth rebounded more than expected, helped by capex, external demand, and consumption; White House adviser Navarro said pharma tariffs are likely to be covered by "Section 232"; Attention turns to the Trump-Putin summit, with markets watching for geopolitical developments.Companies Mentioned: Accenture, Millicom International Cellular, Hims & Hers Health
US equity futures are slightly softer with the S&P 500 down marginally. Asia ended mixed, with Japan pulling back from record highs. European markets are mostly firmer. Fed rate cut expectations continue to support sentiment, with the path of least resistance for equities still seen on the upside. Trump and Putin are set to meet Friday, with Trump warning of severe consequences if no ceasefire deal is reached. UK GDP growth surprised to the upside, aided by pre-tariff activity, while RICS data still showed a challenging housing market. China's new loans shrank for the first time in 20 years, reflecting seasonality and weak credit demand. Australian employment data met forecasts with a lower jobless rate.Companies Mentioned: Ampol, EG Group, Leju Holdings
S&P futures are pointing to a flat open today. Markets are responding positively to a record close in the U.S. markets, driven by CPI data that supports expectations of a September rate cut. While the data reflects mixed impacts from tariffs, it is seen as mild enough to justify Fed easing, particularly amid signs of labor market weakness. Asian markets surged today, with notable performances in Japan and Hong Kong. European markets are also firmer in early trades. Companies Mentioned: Sapiens International, KKR
S&P futures are pointing to a flat open today, up +0.1%. Asian markets closed mostly higher today, with Japan's Nikkei climbing to a record high. European equity markets are also firmer in early trades. President Trump has signed an executive order that will extend the China tariff truce by another 90 days, signaling cautious progress in trade negotiations. Reports indicate discussions remain stuck on key issues like fentanyl, rare earths, and export controls. Trump suggested allowing sales of downgraded NVIDIA Blackwell chips to China as part of the negotiations.Companies Mentioned: NVIDIA, MARA Holdings, Hanesbrands, Citigroup
S&P futures slightly down with yields US 2-year down to 3.8% and 10-year down to 4.3%. Asia equities are trading mostly higher, European equity markets are narrowly mixed. Dollar softer. Oil down. Gold pulling back with White House to clarify tariff on gold bars. Industrial metals are mostly higher. On the latest batch of trade headlines, press coverage are mostly on US secondary tariffs over Russian crude purchases. VP Vance said China could be hit with tariffs, echoing President Trump last week. However, he also acknowledged the challenges targeting China given current ongoing talks, desire for Trump-Xi summit and China's rare earths leverage. Defiant stance from Beijing and Delhi also heightened skepticism that secondary sanctions will prompt any change to their Russian energy purchases.Companies Mentioned: Avantor, Tegna, Northern Data, Nexstar Media Group, Rumble
US equity futures are slightly weaker, Asia ended mixed, with Japan rallying strongly while most other major markets fell. European markets are mostly firmer. Focus remains on trade developments as Trump's global tariffs take effect, with major trading partners including India and Switzerland continuing to lobby for exemptions. Japan's Akazawa said the US will clarify that the 15% tariff will not stack on top of existing levies and that a revised auto tariff order will be signed. Commerce Secretary Lutnick signaled a likely 90-day extension of the China tariff deadline. Reports said the US has imposed tariffs on certain gold bars traded on Comex, helping push gold to record highs. In US politics, recent Fedspeak has turned more dovish, with Waller emerging as the leading candidate to replace Powell, and Trump nominating CEA Chair Miren to the Fed Board.Companies Mentioned: Tesla, Intel, COSCO SHIPPING Holdings, CK Hutchison Holdings, BlackRock
US equity futures are firmer. Asia mostly advanced, and European markets opened higher. Markets responded positively to Trump's planned carve-out from the 100% chip tariff, which exempts companies investing in US capacity. Trump imposed an additional 25% tariff on India over Russian oil purchases and raised the possibility of secondary sanctions on China. ECB economic bulletin and BoE rate decision in focus, with the latter expected to deliver a cautious 25 bp cut amid elevated inflation. Geopolitically, Trump said very good chance he would meet with Putin and Zelenskiy soon to broker peace. Companies Mentioned: Apple, New World Development, Blackstone, Fannie Mae, Freddie Mac
S&P futures are pointing to a higher open today, up +0.5%. Asian markets traded higher today with the Nikkei outperforming and Hang Seng setting a third consecutive day of gains. European markets are also firmer in early trades. In a CNBC interview, President Trump reiterated key trade positions, particularly targeting India and China. He criticized India's Russian energy purchases, BRICS participation, high tariffs, and resistance to market access, threatening to hike existing 25% tariffs with a decision expected shortly. India is reportedly considering responses, including easing dairy market access and supporting affected exporters. On China, Trump stated that a trade deal is very close, with a potential meeting with President Xi by year-end, contingent on progress.Companies Mentioned: Walt Disney, OpenAI, Boeing
S&P futures are pointing to a flat open today, up +0.1%. Asian markets traded broadly higher today, with the Nikkei and Hang Seng both up +0.6%. European equity markets are also firmer in early trades. Tensions between the U.S. and India have escalated after former President Trump threatened significant tariff hikes on India over its purchase of Russian oil. This follows a 25% tariff imposed by Trump last week. However, both nations remain engaged in dialogue, with talks scheduled for late August. India is reportedly considering increased purchases of U.S. gas, communication equipment, and gold but remains firm on protecting its agricultural and dairy sectors. Companies Mentioned: STAAR Surgical, Core Scientific
US and European futures are higher. Asian equities trading mixed. US 2-year yield stays at 3.7% with 10-year hitting 4.3%. Crude contracts easing back, precious metals up. Fallout continues from President Trump's tariff announcements as countries facing steepest levies contemplate their response. Switzerland is among the hardest hit nations with 39% tariff, prompting business minster to weigh a revised trade offer to US that includes stepped up purchase commitments. Trump hit Brazil with additional 40% tariffs amid a diplomatic and trade row, though while President Lula struck defiant tone he also indicated openness to talks. Canada says open to reaching deal that results in lower tariffs ahead of possible talks between Trump and Carney in coming days. Meanwhile, White House is giving more positive signals on direction of US-China trade talks with Treasury Secretary Bessent flagging makings of a trade dealCompanies Mentioned: Amphenol, CommScope, SITE Centers, Smart Share Global
US equity futures are softer. Asia ended broadly lower, and Europe opened weaker. The market focus is on trade as the White House released tariff rates ahead of the August 1st deadline, with baseline reciprocal tariffs set at 10% and higher levels applied to countries without agreements. Trump granted Mexico a 90-day extension tied to border policy, raised Canada's fentanyl tariffs to 35%, and confirmed letters are being sent to pharma companies demanding pricing changes within 60 days. Attention also remains on the Fed following Powell's hawkish tone, with markets looking ahead to Friday's payrolls as the next key input for rate policy.Companies Mentioned: Salesforce, ServiceNow, Intel, Ericsson, Starbucks
US equity futures are firmer with S&P up ~1%. Asia was mixed and European markets opened higher. The market focus remained on post-FOMC reactions and trade actions. Powell reiterated data-dependent stance on rate path in months ahead. Trump announced a South Korea trade deal with a 15% tariff that will also apply to autos and new investment commitments of $350B in US LNG, while threatening a 25% tariff on India. Trump also watered down 50% Brazil tariffs. Economic data showed Q2 GDP growth and ADP payrolls both beating forecasts, while core PCE inflation accelerated. China PMIs showed unexpected further deterioration in manufacturing and services, reinforcing concerns over domestic demand.Companies Mentioned: AbbVie, Atai Life Sciences, JD.com, CECONOMY, CSX Corp
S&P futures are pointing to a flat open today, up +0.1%. Asian markets traded mixed on Wednesday. The Nikkei closed flat, while the Hang Seng fell (1.4%), weighed down by weakness in tech and property stocks. European markets are marginally higher in early trades. The U.S. and China concluded two days of trade talks in Stockholm without significant breakthroughs but described the discussions as constructive. Key issues included U.S. concerns over China's purchases of sanctioned Iranian and Russian crude, industrial overcapacity, and rare earths trade, while China raised concerns over fentanyl tariffs and export controls. No commitments were made on structural reforms or rebalancing China's economy. Companies Mentioned: Anthropic, Kraken, Intercontinental Exchange
S&P futures are pointing to a higher open today, up +0.2%, as progress of trade negotiations supports sentiment. Asian markets traded mixed today, but European markets are stronger in early trades. The EU-U.S. trade deal has drawn significant criticism despite avoiding worst-case tariffs. Energy experts question the feasibility of the EU's $750B energy purchase commitment, citing cost-focused private-sector priorities. European leaders highlight economic risks, with new 15% tariffs on pharmaceuticals, potentially costing the Eurozone industry $13-19B, and worsening trade deficits in France and Germany. Companies Mentioned: Bristol Myers Squibb, Chart Industries, Norfolk Southern
US equity futures are firmer with S&P up 0.3%. European equity markets go up with Asian markets mixed. US 2-year flat to 3.9% and 10-year is off 1bp at 4.4%. Dollar firmer, with biggest move versus Euro and Aussie. Oil up. Gold little changed, industrial metals lower. Trade deal momentum continues after President Trump announced US-EU deal establishing 15% tariff on most EU exports, including autos. Agreement expands list of major US trading partners signing deals over past week, with attention now centering on US-China negotiations as Treasury Secretary Bessent and China Vice Premier He Lifeng meet in Stockholm on Monday. Press reports that two sides are expected to agree to another 90-day tariff deadline extension. Fading prospects of US-India deal by deadline, tough both side sound positive on negotiations. South Korea to resume talks this week.Companies Mentioned: KKR&Co., First National Financial, Union Pacific
US equity futures are slightly higher. Asian markets finished mostly lower and European markets opened lower. The market focus remained on corporate earnings and trade policy. GOOGL's results supported AI-driven optimism, while TSLA's weaker outlook weighed on sentiment. Reports suggested the US and EU are close to finalizing a trade deal involving new tariffs. Meanwhile, Treasury Secretary Bessent's upcoming meeting with China's Vice Premier has drawn attention. Sentiment was also shaped by mixed US economic data, with better-than-expected jobless claims but weaker new home sales and ongoing inflation pressure tied to tariffs. Other notable event today: Trump is scheduled to visit the Fed headquarters at 4pm Eastern.Companies Mentioned: Samsung Electronics, OpenAI, Perplexity AI, Alphabet, Paramount Global, Southwest Airlines, Boeing
US equity futures are mixed after Wednesday's rally pushed the S&P 500 and Nasdaq to fresh record closes. Asia ended higher, with Japan leading gains and tech supporting sentiment in Korea and Taiwan, while European markets opened firmer. The market focus remained on trade policy developments, with momentum building toward new tariff deals. Trump confirmed a US-Japan agreement featuring a 15% tariff, below the earlier signaled 25% rate. Reports also indicated that the US and EU are close to finalizing a similar 15% deal with mutual tariff waivers. South Korea was said to offer a Japan-style agreement, though Yonhap reported high-level talks were suddenly postponed. Australia signaled intent to lift beef import restrictions to gain tariff relief. Meanwhile, Trump stated the new global tariff baseline may be set between 15% and 50%.Companies Mentioned: Comcast, Goldman Sachs, Broadcom, Amazon
S&P futures are pointing to a higher open today, up +0.3%, supported by trade deal momentum. Asian equities rallied Wednesday, led by Japan's Nikkei, which surged +3.5% on the back of a U.S.-Japan trade deal announcement. European markets are also trading firmly higher, with the STOXX 600, DAX, and CAC up near +1%. The U.S. and Japan reached a trade deal reducing tariffs to 15% on various goods, including autos. Japan will boost rice imports by 75% and purchase $8B in U.S. agricultural and other products. Defense spending with U.S. firms will increase to $17B annually. Japan also committed $550B in U.S. investments, with the U.S. receiving a 90% profit share.Companies Mentioned: Boeing, Morgan Stanley, ConocoPhillips
S&P futures are pointing to a flat open today. Asian equities traded mixed on Tuesday, while European markets are edging lower in early trades. Asian officials are rushing to finalize trade deals with the U.S. ahead of the 1-Aug deadline. Taiwan has voiced cautious hope for an agreement, while South Korea and Japan continue talks in Washington over auto tariffs. India, however, remains skeptical about a deal due to pharma tariff protection sticking points. Companies Mentioned: Paramount Global, CSX Corp, JPMorgan Chase, Goldman Sachs
US equity futures are firmer with S&P up 0.3%. Asian equity markets are mostly higher, while European markets stay mixed. US 2Y yield down to 3.9% and 10Y down at 4.4%. Dollar softer, gold firmer. WTI crude goes slightly up. Industrial metals mostly higher. China's infrastructure names rallied following start of construction of mega dam project in Tibet worth CNY1.2T ($167.8B). On US and China talks, press highlighted expectations of a Trump-Xi meeting at APEC summit South Korea in late October, if not sooner. Beijing also confirmed top leaders will meet Europe's von der Leyen and Costa on Thursday, meanwhile added it would take countermeasures after EU included Chinese companies and banks in its latest sanctions against Russia as tensions between Beijing and Brussels simmer ahead of the summit. Companies Mentioned: Carlyle Group, Brookfield Renewable Partners, Microsoft
US equity futures are slightly higher. Asia ended mostly firmer, and Europe looks set to open higher. The market focus remains on Fed policy outlook and trade tensions. Fed Governor Waller reiterated support for a July rate cut and backed further easing this year if inflation stays in check. His comments followed similar dovish remarks from SF Fed's Daly. On the trade front, the US Commerce Department imposed a 93.5% tariff on Chinese graphite, with industry groups warning effective rates could exceed 160% since it claimed China unfairly subsidizing graphit. Meanwhile, Trump offered positive signals on talks with India and the EU, though reports indicate the EU is preparing retaliatory measures. US economic data surprised to the upside.Companies Mentioned: Norfolk Southern, Union Pacific, CSX Corp, Talen Energy, BlackRock, WonderFi Technologies, Robinhood
US equity futures are slightly lower. Asian markets closed mostly higher, while Europe opened on firmer footing. The market focus was on the Fed after headlines suggested Trump may fire Chair Powell, triggering asset volatility before he publicly denied the claim. Headline inflation came in cooler than expected, though tariff-sensitive goods showed upward pressure. Trump reaffirmed his tariff strategy, noting upcoming letters to over 150 countries, and hinted rates for small partners could be 10–15%. At the same time, reports suggested a softer tone toward China, with efforts underway to secure a summit with Xi.Companies Mentioned: Union Pacific, CSX Corp, Norfolk Southern, AMC Entertainment, Imax, Marcus Theatres, Petrobras
S&P futures are pointing to a lower open today, down (0.2%). Asian equities posted a mixed session, while European markets opened broadly lower. President Trump announced a trade deal with Indonesia that includes a 19% tariff on Indonesian imports to the U.S., while the U.S. faces no reciprocal tariffs. The agreement involves Indonesia purchasing $15B in U.S. energy, $4.5B in agricultural goods, and 50 Boeing jets, primarily 777 models. Additional levies on transshipments, similar to prior Southeast Asia agreements, were also highlighted. Companies Mentioned: Boeing, Brighthouse Financial, Cantor Equity Partners
S&P futures are pointing to a higher open today, up +0.3%. Asian equities tilted higher on Tuesday, while European markets are also edging higher in early trades. China's Q2 GDP grew +5.2% y/y, slightly exceeding expectations, while industrial production rose +6.8%, outperforming forecasts. However, retail sales disappointed at +4.8%, raising concerns about weak consumer demand. Market sentiment improved following reports that Nvidia received U.S. approval to resume exports of its H20 AI chips to China, boosting optimism in the tech sector. Attention is now shifting to upcoming Q2 earnings and U.S. CPI data. Major banks such as JPMorgan, Wells Fargo, and Citigroup are set to report their earnings today. Companies Mentioned: NVIDIA, Cavco Industries, Accenture
S&P futures are pointing lower today, down (0.4%). European equity markets are mostly lower. Asia equities mixed. Most of the attention are going to notable declines in US futures in the wake of latest Trump tariff news, extending Friday's losses that capped off the first decline in S&P 500 in three weeks. US 10 year yield flat to 4.4%, 2Y to 3.9%. US Dollar little changed versus yen but higher against other trading partners. Crude oil, gold and Bitcoin futures are all extending gains after Friday's strength. Industrial metals are mixed. President Trump threatens EU and Mexico with 30% tariffs, effective 1-Aug, further testing market resilience. He added that this would be separate from sectoral tariffs. White House Economic Advisor Hassett affirmed Trump sees current EU concessions as insufficient. Trump said Mexico failed to do enough to stop fentanyl flows across the border.Companies Mentioned: GOOG, LION, PGHN.SW
S&P futures are pointing to a lower open today, down (0.6%). European equity markets also opened in the red, with the major indices roughly down by (0.5%). Asian markets traded mixed with Greater China markets outperforming. The Hang Seng surged +1.8%, boosted by gains in consumer-oriented and property stocks, while the Shanghai Composite hit a 3.5-year high. President Trump announced a 35% tariff on Canadian goods not covered by the USMCA, effective 1-Aug, increasing from the current 25%. Energy-related goods remain at a 10% tariff. Trump hinted at potential baseline tariffs of 15 to 20%, up from the current 10%, and suggested similar measures might target the EU soon. Companies Mentioned: Google, Boyd Gaming, Panasonic
S&P futures are pointing to a slightly lower open today, down (0.2%). Asian equities were mostly higher Thursday, supported by gains in Greater China markets. European equity markets are also broadly firmer, with the FTSE 100 leading at +0.7%. President Trump issued additional tariff letters targeting smaller trading partners. Japan is reportedly organizing trade talks with U.S. Treasury Secretary Bessent next week, while U.S.-Brazil relations remain tense after Trump threatened 50% tariffs. However, markets remain largely unshaken, with expectations of reprieves closer to the August deadlines.Companies Mentioned: WK Kellogg, Canada Goose, Amazon
S&P futures are pointing to a flat open today. Asian markets traded mixed today with Japan's Nikkei logging small gains, supported by resilience in manufacturing. The Hang Seng underperformed, as property and tech stocks lagged. European markets are trading higher, with the DAX and CAC leading gains. President Trump announced a 50% tariff on copper, set for late July or early August implementation, and proposed a 200% tariff on pharmaceuticals with a longer timeline. He ruled out extending the August 1 deadline, emphasizing his tough stance on trade while accusing BRICS nations of undermining the U.S. dollar and threatening an additional 10% tariff. Companies Mentioned: Apple, Starbucks, Merck, Verona Pharma, AES Corp
US equity futures are little changed. European markets pointed to a weaker open, while Asian equities finished mostly higher. The market focus remains on trade developments after President Trump began issuing tariff letters to countries without deals, including Japan and South Korea, which now face 25% base tariffs starting 1-Aug. The White House said more letters will follow, though emphasized flexibility on the deadline and openness to negotiate rates. Reuters reported the EU is likely exempt, signaling progress toward a deal. Trump also threatened an additional 10% tariff for countries pursuing "anti-American" BRICS-aligned policies.Companies Mentioned: Blackstone, SFR, Shein, Hess, Chevron, Exxon Mobil
US equity futures are lower with S&P pointing down. Bonds mixed. US 10-year yields holding at 4.3%, and 2-year down to 3.9%. Asian markets are trading mostly lower, European equity markets narrowly mixed. Dollar firmer. Oil down after OPEC+ producers announced agreement to boost crude output by larger-than-expected 548Kbpd in August. Gold lower. Industrial metals weaker. Tariff deadline nears as US warns it will begin imposing "take it or leave it" trade terms. Treasury Secretary Bessent warned tariffs to revert to Liberation Day/steeper levels though also signaled some leeway by adding that new tariffs to take effect on 1-Aug. Still there's some uncertainty whether Asian countries can secure trade agreements with US by the deadline. Companies Mentioned: Capgemini, WNS Holdings, META Platforms, NFDG, ByteDance
S&P futures are pointing to a slightly higher open today, up +0.1%. Asian markets had a mixed session on Thursday. The Hang Seng dropped (0.6%) amidst weakness in property stocks while Japan's Nikkei dipped as uncertainty around trade talks weighed on sentiment. European markets are broadly higher in early trades, with the STOXX 600 up +0.3% and the FTSE 100 leading at +0.5%. President Trump announced a trade deal with Vietnam, imposing a 20% tariff on exports to the U.S. and 40% on transshipments, reduced from an earlier proposed 46%. The U.S. will face zero tariffs on exports to Vietnam, though specifics on product groups and transshipment provisions remain unclear. Companies Mentioned: Old Point Financial, Apollo Global Management, TripAdvisor
S&P futures are pointing to a higher open today, up +0.2%. Asian markets finished Wednesday trading mostly lower, with the Hang Seng slightly higher and Japan's Nikkei weighed down by renewed tariff concerns. European equities are broadly showing strength in early sessions with the French CAC leading gains. President Trump stated he is not considering extending the July 9 deadline for resuming higher tariffs and reiterated the possibility of imposing duty rates on several nations, including Japan. Trump criticized Japan's limited U.S. rice imports and imbalance in auto trade, suggesting future tariffs could range from 30% to 35%.Companies Mentioned: Paramount Global, Intel, Spectris
US equity futures are fractionally lower after yesterday's rally pushed the S&P 500 and Nasdaq to fresh record closes. Europe opened firmer and Asia finished mixed. Overnight narrative was largely upbeat, growing Fed rate cut expectations have provided the key directional driver, partly fueled by Trump scrutiny of Powell. Trade headlines remain front-and-center ahead of the 9—July tariff deadline: the White House says framework agreements with Canada and the EU are moving forward, while Japan and India talks still face sticking points over autos and market access. Senate Republicans continue amendment votes on the wide-ranging tax-and-spend bill, with final passage expected before the holiday. Soft US regional-activity surveys and falling job-vacancy indicators are feeding rate-cut expectations ahead of Thursday's non-farm payrolls and Chair Powell's remarks at Sintra this morning.Companies Mentioned: TikTok, Paramount Global, OpenAI, Alphabet
US equity futures are higher with S&P up 0.4%. US 10-year and 2-year yield both point down . Dollar softer versus yen, slightly firmer elsewhere. Oil down ahead of another expected OPEC and production hike. Gold firmer. Industrial metals higher. Asian equity markets are mixed. Nikkei has been outperforming to hit twelve month high. European markets are firmer. In trade developments, Canada to rescind digital services tax after Trump threatened to pull out of trade talks on Friday. Trump said he doesn't think he'll need to extend tariff 9-Jul deadline, contrasting somewhat with Treasury Secretary Bessent. Somewhat better news on US-China trade talks after both sides confirmed details on framework agreement where China relaxes rare earth exports and US removes countermeasures. Companies Mentioned: Torrent Pharmaceuticals, JB Chemicals & Pharmaceuticals, KKR, Avadel Pharmaceuticals
US equity futures higher, European markets extended gains, while Asian markets were mixed. White House announced a trade deal with China, though details were sparse, with the US set to remove countermeasures in exchange for rare earths curbs from Beijing. Commerce Secretary Lutnick flagged 10 additional deals ahead of the 9-Jul tariff deadline but said the date remains flexible. EU leaders considering tariff cuts on US imports to fast-track a deal. US to drop Section 899 "revenge tax" after G7 compromise.Companies Mentioned: MRC Global, DNOW, Comcast, RTL Group, Saab, Embraer
US equity futures are higher. European markets opened firmer, while Asian markets were mixed. Trump may announce a replacement for Fed Chair Powell as early as September. Trade developments remain in focus ahead of the 9-Jul deadline; the Trump administration is reportedly close to deals with Japan, South Korea, and Vietnam, though major sticking points remain, especially over auto and steel tariffs. White House tweaked controls on ethane exports to China, signaling potential easing of restrictions. Powell noted trade deals may allow future rate cuts while all forecasters see significant increase in inflation.Companies Mentioned: NVIDIA, Microsoft, OpenAI, Paramount Global
S&P futures are flat, unchanged from the prior close. Following broad gains on Tuesday, European equity markets are mostly firmer in rangebound trade. Asian markets continued to advance today, led by gains in Greater China and Japan. The ceasefire between Iran and Israel appears to be holding, with Iran signaling readiness for diplomacy. U.S. airstrikes reportedly caused limited damage to Iran's underground nuclear facilities, delaying its program by a few months but failing to destroy centrifuges or enriched uranium stockpiles.Companies Mentioned: Glacier Bancorp, Brighthouse Financial
S&P futures are pointing to a strong open today, up +0.7% following the de-escalation signals in the Middle East. European equity markets are surging in early trades with the German DAX up +1.8% and STOXX 600 up +1.2%. Asian markets also closed sharply higher today with notable performances in Greater China and Japan. Israel and Iran have agreed to a ceasefire, confirmed by Israeli Prime Minister Benjamin Netanyahu, marking an end to hostilities after initial confusion over timing. The White House stated the agreement includes a 12-hour ceasefire, after which the war will be considered ended if calm persists. Companies Mentioned: Meta, First Financial Bancorp, Westfield Bancorp
US equity futures are firmer with S&P up 0.3%, bond yields firmer, US 10-year treasury up 2 bps at 4.4%. Dollar firmer versus yen and Aussie, softer versus euro and sterling. Gold softer despite Middle East tensions. WTI crude adds to recent gains, around 0.5% higher. Industrial metals mixed. Crude oil and dollar index pared gains in Asia Monday after US strikes on Iran while gold defying bullish expectations on the back of haven demand. Risk aversion briefly took Bitcoin below $100K for the first time since May amid broad-based weakness in crypto. Press noted equity price action so far indicating a sanguine outlook. Most Gulf stock markets were steady while Israel TA-125 index was at a record highCompanies Mentioned: Bank of New York Mellon, Northern Trust, Shift4 Payments, SmartPay Holdings
US equity futures slightly softer. European equities opened firmer, while Asian markets were mixed with South Korea and Hong Kong outperforming. Trump to decide within two weeks on potential Iran strike, extending earlier timeline amid reported backchannel talks between US envoy Witkoff and Iran's foreign minister. Japan's May core inflation came in above expectations, keeping BOJ tightening speculation in play, while China held loan prime rates steady. BoE kept rates steady while SNB and Norges Bank cut rates; ECB bulletin released. Japan's Akazawa downplayed July 9 as deadline for US trade talks, mirroring tone from EU officials as negotiations drag on.Companies Mentioned: GMS Inc, Home Depot, QXO, Inc, Paramount Global, Ares Management Corp.
US equity futures slightly higher. European markets opened narrowly mixed, while Asian markets were also mixed. Geopolitical focus dominated as Trump held a National Security Council meeting to discuss potential strikes on Iranian nuclear sites, including the Fordow facility. Reports flagged risks of Iranian retaliation and potential mining of the Strait of Hormuz. Trump reiterated a hard stance, demanding Iran's unconditional surrender. Trade talks saw little movement. Trump criticized EU and Japan for failing to offer fair deals and reiterated tariff threats, including imminent action on pharmaceuticals.Companies Mentioned: KKR & Co, Orange, Zegona Communications, Hasbro, Plains All American Pipeline, Keyera