Podcasts about bunds

Crude opened firmer after reports suggested Iran had closed the Strait of Hormuz. However, this then reversed on a joint mediator statement, Brent currently in the red.Thereafter, Iranian Foreign Minister Araghchi flagged major progress, mediators say technical talks will continue this week.APAC stocks were mixed give the above. European futures point to a softer open, Euro Stoxx 50 -0.4%.USD choppy but marginally firmer vs major peers. USTs and Bunds in the green but relatively contained.Mixed reporting on what UK PM Starmer will do in the next few days. Elsewhere, Burnham's team are said to be divided over who to appoint as Chancellor.Looking ahead, highlights include Canadian Inflation (May), EU Consumer Confidence Flash (Jun), CNB Minutes (Jun) Speakers including Fed's Waller & ECB's Lagarde.Click for the Newsquawk Week Ahead.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Tehran is studying the American text and has not yet submitted its response, Al Arabiya reported citing sources."Pakistan's mediation efforts between US and Iran are at a crucial stage where efforts are underway to secure an agreement or a framework for comprehensive talks which can eventually lead to a ‘deal',"** according to journalist Mallick.European bourses are broadly higher despite disappointing PMIs; US equity futures are flat after NVDA sales guidance disappointed. DXY weighs hawkish FOMC and geopolitics; AUD lags post-jobs data. USTs are a little lower whilst Bunds digest Flash PMIs, which fuel stagflation woes.Crude wanes off highs amid further reports of diplomatic effects; Brent Jul -0.7%. Looking ahead, highlights include US S&P PMIs Flash (May), Initial Jobless Claims (May/16), EU Consumer Confidence Flash (May), Banxico Minutes (May). Speakers include BoE's Bailey & Taylor, ECB's Elderson, Fed's Barkin, Goolsbee. Earnings from Walmart & Deere.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Arkansas Razorbacks pitcher Steele Eaves joins Out of Bunds thanks to Stefan Elmore with Shelter Insurance.

In this podcast Francis Diamond and Aditya Chordia discuss Euro area and UK rate markets given the moves in oil prices and this week's political events in the UK.   This podcast was recorded on 15 May 2026. This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-5298094-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2026 JPMorgan Chase & Co. All rights reserved. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. It is strictly prohibited to use or share without prior written consent from J.P. Morgan any research material received from J.P. Morgan or an authorized third-party (“J.P. Morgan Data”) in any third-party artificial intelligence (“AI”) systems or models when such J.P. Morgan Data is accessible by a third-party.

US President Trump rejected Iran's response to the peace plan, which he called totally unacceptable.Iran's proposal was said to have stressed the need for the US to pay compensation for war damages and emphasised Iran's sovereignty over the Strait of Hormuz. Brent initially climbed above USD 105/bbl but has waned off highs on potential diplomacy.European bourses traded mixed, Compass raised its FY guidance; US equity futures muted.DXY benefited from higher energy prices, CHF underperforms while GBP is cautious as PM Starmer addresses the nation. USTs and Bunds off worst levels as energy benchmarks dip from overnight highs.Looking ahead, highlights include US Existing Home Sales, BoC Market Participants Survey. Supply from the US. Earnings from Hims & Hers, Constellation Energy & Circle Internet.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Crude & USD dented, equities & fixed bid after Trump paused Project Freedom and more recently as Axios reports that the US & Iran are closing in on an MOU to end the conflict.Brent below USD 101.50/bbl, ES +0.7%, DAX 40 +2.5%, EUR/USD above 1.1770, Bunds firmer by over 80 ticks.JPY was likely the subject of intervention overnight, falling from 157.00 to a 155.03 low, but has since rebounded back towards the 156.00 mark.NQ +1.3%, outperforming as AMD surges +19% as data centre growth drives a beat.Israeli security/military officials reportedly believe negotiations are a waste of time, and conveyed to the US a desire to resume attacks on Iran.Looking ahead, highlights include Canadian Ivey PMI (Apr), US ADP Employment (Apr), US Treasury Refunding Announcement, NBP Policy Announcement, Speakers include Fed's Goolsbee, Musalem, BoC's Macklem & Rogers.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

US President Trump said the war could go on for another two to three weeks; time is not of the essence.US officials say the military is closer to resuming combat operations than 24 hours ago, Fox reported.Iranian Foreign Minister Araghchi posted, "As talks are making progress with Pakistan's gracious effort, the US should be wary of being dragged back into a quagmire by ill-wishers. So should the UAE."European and US equity futures are broadly firmer; Palantir -2% as commercial revenue fell short of expectations.DXY is flat, JPY experiences volatile two-way action, AUD pressured post-RBA, where it hiked by 25bps, statement was net-hawkish, but Governor Bullock suggests there is room now to wait and see.Gilts gap lower on return from a Bank Holiday, USTs and Bunds relatively contained.Crude pares Monday's gains, to the benefit of XAU.Looking ahead, highlights include US Building Permits Final (Mar), Canadian Balance of Trade (Mar), Canadian PMI (Apr), US PMI Final (Apr), US ISM Services (Apr), US JOLTS (Mar), US New Home Sales (Mar), US RCM/TIPP Economic Optimism (May), New Zealand Unemployment Rate (Q1). Speakers include ECB's Lagarde, Lane, Fed's Bowman, Barr. Supply from Germany. Earnings from AMD, AMC, Strategy, Tempus AI, Shopify, PayPal, Pfizer.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

US President Trump is reportedly not satisfied with and is unlikely to accept the Iranian proposal; CNN reports that the US and Iran are not as far apart as they seem.BoJ maintained its policy rate as expected, though subject to a hawkish 6-3 vote split, dissenters highlighted upside risks to inflation. Ueda non-committal on the timing of the next move.European bourses firmer, lifting incrementally after a contained open. US futures are mixed/lower into earnings and after OpenAI missed internal targets.JPY led post-BoJ before retreating and weakening on Ueda, USD firmer to the modest detriment of peers across the board; base & precious metals hit.Energy bolstered by the overnight updates, and as Iran's Foreign Minister is not returning to Pakistan post-Russia.Fixed falters as energy climbs, Bunds hit by the latest ECB surveys, Gilts lag into the Privileges debate regarding PM Starmer.Looking ahead, highlights include US ADP Weekly Employment Change, US House Price Index (Feb), US CB Consumer Confidence (Apr), US Richmond Fed Index (Apr), US Dallas Fed Index (Apr), NBH Policy Announcement (Apr), and speakers include ECB President Lagarde, Supply from the US.Earnings from RobinHood, Bloom Energy, Visa, Booking.com, NXP Semiconductor, UPS, Coca-Cola, Spotify, General Motors, Centene.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Is the traditional geopolitical risk playbook dead? In this episode of The European Market Brief, Mark Longo is joined by Morad Askar, Founder of EdgeClear, and Matt Koren, Equity and Index Derivatives Sales and Global VSTOXX Lead at Eurex, to dissect the unprecedented market activity following recent escalations in the Middle East. While the "old playbook" suggests a flight to quality in gold and a spike in oil, the recent blockade of the Strait of Hormuz has sent the markets into a tailspin of "trade the tweet" volatility that defied standard expectations. The team explores why European derivatives—particularly VSTOXX and EURO STOXX 50—saw volumes surge to 2x their annual average, and why the "buy the dip" mentality is being tested like never before. Topics covered include: The Volatility Regime: Why VSTOXX hit levels near 35 while VIX lagged behind. The Transatlantic Spread: How energy dependency makes European markets more vulnerable to Middle East conflict than the US. Retail vs. Institutional Flow: The shift toward order book liquidity and the rise of daily options in Europe. Risk Management: Why "holding through the weekend" has become a dangerous game for professional traders in a 24/7 news cycle. Whether you're trading DAX, Bunds, or looking for cross-border volatility opportunities, this episode provides the "new" rules for an evolving, headline-driven market.

Zivilgesellschaftliche Organisationen in Deutschland sind kürzlich wegen debanking in die Schlagzeilen geraten, etwa der Rechtshilfeverein Rote Hilfe. Debanking bedeutet, dass Banken ihren Kunden plötzlich die Konten kündigen. Diese Praxis ist kein neues Phänomen. Sie wird beispielsweise eingesetzt, wenn Banken vermuten, dass Geldwäsche stattfindet. Die aktuellen Fälle zeigen jedoch: Debanking gewinnt zunehmend an politischer Brisanz. Zumindest im Fall der Roten Hilfe ist klar, dass Maßnahmen der Trump-Administration Auslöser für die Kontokündigung waren. Hiesige Banken lassen sich, vermutlich auch in anderen Fällen, als verlängerter Arm der US-Regierung einspannen. Dahinter steckt unter anderem Trumps Kampagne gegen „die“ Antifa. Was genau ist debanking, welche Auswirkungen hat es, worauf können sich Banken in ihrer Praxis berufen und warum schützt die Bundesregierung die demokratische Zivilgesellschaft nicht besser vor Maßnahmen ausländischer Regierungen. Und nicht zuletzt: Was kann man gegen debanking tun? Wir beleuchten die Hintergründe von debanking und haben mit einer Betroffenen gesprochen. Ellen Händler, Vorsitzende des Bunds der Antifaschistinnen und Antifaschisten Treptow, erläutert, was debanking für ihre Vereinsarbeit bedeutet. Diese Folge haben wir wegen der Osterferien bereits am 24. März aufgenommen. Schreibt uns an: armutszeugnis@rosalux.org

Send us Fan Mail◆ Middle East capital securities will need to be refinanced ◆ Supranationals, agencies and municipalities have had a good war ◆ New ideas to promote covered bondsThe central group of bond issuers in the Middle East are the banks. They are well capitalised, with clean balance sheets and often high credit ratings. But none has come to the market since the war began at the end of February.With fighting raging and a recession predicted, banks' secondary spreads have widened, especially on the large quantities of subordinated capital they have issued.That is manageable, and the banks can stay out of the market for a while. But at some point they will need to return — assuming they stick to their word and call capital bonds at the first opportunity.Where are the safe haven assets? US Treasuries and Bunds are the obvious ones, but the war has made them sell off too, as investors price in rate rises. One market that has stayed remarkably resilient is non-sovereign public sector bonds.Despite all the noise, investors and issuers have remained calm throughout March, continuing to do deals at sensible spreads — and April could be busy.Covered bonds rely on a web of regulation — not just the laws that establish them in many countries, but rules governing how much capital banks have to hold against them and how they can use them for repo funding.Several major regulatory changes are in the works at once, including on risk weightings, cross-border equivalence and blockchain. And the industry has an idea of its own — a pan-European mortgage guarantee.

PBoC announced it will cut the FX Risk Reserve Ratio for forward FX sales to 0% from 20%, effective March 2nd to promote FX market development and support corporate exchange rate risk management.European equities firmer, Telecoms lead following potential M&A; US equity futures lower in the continuation of Thursday's tech-led selloff.DXY is flat; G10s broadly firmer, ex-EUR and GBP. USTs mildly firmer, Bunds choppy after mixed regional inflation prints.Crude gains and awaits the next chapter of the US-Iran saga and the OPEC+ meeting; Metals shine ahead of US PPI.Looking ahead, highlights include German CPI (Feb), Canadian GDP (Jan), US PPI (Jan), Comments from BoE's Pill.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC mostly firmer as China returned, somewhat shrugging off the weak Wall St. finish on AI disruption concerns.DXY marginally firmer, EUR/USD directionless, while USD/JPY edged higher and above 155.00.USTs pulled back from Monday's best, Bunds remained near highs, while JGBs saw choppy action after the long weekend.Crude remained tentative amid ongoing geopolitical uncertainty, XAU faded while copper rallied as China returned.Looking ahead, highlights include US ADP Weekly, House Prices (Dec), Consumer Confidence (Feb), Dallas/Richmond Fed (Feb), Atlanta Fed GDP, NBH Policy Announcement, Speakers including ECB's Lagarde, BoE's Bailey, Lombardelli, Greene, Taylor & Pill, Fed's Goolsbee, Collins, Bostic, Waller, Cook & Barkin, Supply from UK, Italy & US, Earnings from Home Depot & Keurig Dr Pepper.Click for the Newsquawk Week Ahead.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

US President Trump reportedly weighs limited strike to force Iran into nuclear deal, according to WSJ; President considers a range of military options but says he still prefers diplomacy.European equities rebound from Thursday's losses, Moncler supports the luxury sector; US equity futures taking impetus from its EZ counterparts.USD slightly firmer, GBP mildly benefits on strong Retail Sales/PMIs, JPY weaker post-CPI.A UK surplus supports Gilts while Bunds fade from highs as Manufacturing returns to expansion.Crude slightly softer as focus remains on US and Iran; Precious metals maintain their shine amid geopolitical uncertainty.Looking Ahead, highlights include US S&P Flash PMIs (Feb), US PCE/GDP (Dec/Q4), Canadian Retail Sales (Jan), SCOTUS Opinions day (potential decision on President Trump's IEEPA tariffs). Speakers include Fed's Logan & Bostic.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

China is reportedly considering probing wine from France; could consider launching anti-dumping duty to French wine, and potentially take counter measures against the EU if it adopt duties.European bourses are trading on the backfoot; FTSE 100 outperforms on the back of firmer commodity prices; US equity futures mixed.DXY slightly lower heading into US NFP, JPY continues to gain, AUD bid after RBA's Hauser said inflation is "too high".Fixed income rangebound; Bunds little moved following tepid auction.Crude edges higher as Trump mulls sending another carrier near Iran; Gold rangebound; Base metals rise, led by nickel prices following an cut in output from the world's largest mine.Looking ahead, highlights include US NFP (Jan), Japanese PPI (Jan), BoC Minutes (Jan), OPEC MOMR. Speakers include ECB's Schnabel, Fed's Schmid, Bowman & Hammack. Supply from the US. Earnings from T-Mobile, McDonalds, AppLovin, Equinix, Motorola Solutions, Hilton and Kraft Heinz.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses were initially lower, but now mixed whilst US equity futures are firmer; AMZN -7.7% pre-market.DXY is mildly lower, G10s are broadly firmer across the board with outperformance in the Antipodeans.USTs hold onto recent gains, Bunds digest ECB speak whilst Gilts take a breather.Crude prices dip as US and Iran informal talks enter the second round; Metals pare back earlier losses as high volatility continues.Looking ahead, Canadian Jobs Report (Jan), US Prelim. Michigan (Feb), Speakers include BoEʼs Pill & Fed's Jefferson.Earnings from Under Armour, Philip Morris International.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

NVIDIA (NVDA) AI chip sales to China are reportedly stalled by a US security review, and Chinese customers are, meanwhile, not placing H200 chip orders.European bourses are broadly firmer, US equity futures are mixed with mild underperformance in the NQ.DXY trades flat ahead of US data, JPY underperforms as focus turns to a landslide LDP victory.Fixed income benchmarks are mixed; USTs are flat whilst Bunds are firmer.Crude-specific newsflow remains light, benchmarks retrace bid following US-Iranian tensions; Precious metals continue to rebound with spot XAU returning above USD 5k/oz.Looking ahead, highlights include US Final Composite/Services PMIs (Jan), US ADP (Jan), ISM Services (Jan), Treasury Refunding Announcement, NBP Policy Announcement, Comments from Fed's Cook, Supply from the US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are broadly lower; LVMH (-8%) sinks post-earnings, whilst ASML (+4.9%) gains after the company beat across its headline metrics, provided a rosy outlook, and announced a EUR 12bln share buyback.NQ boosted by ASML & SK Hynix earnings, as well as reports that China is said to have approved the first batch of NVIDIA's (+1.7%) H200 AI chips for import.DXY attempts a recovery to the detriment of G10s; AUD among the better performers post-CPI.USTs slightly softer pre-Fed, Bunds little moved on a robust auction, JGBs bid overnight.Crude benchmarks reverse earlier gains; Spot XAU extends above USD 5,300/oz; Copper regains USD 13k/t.Looking ahead, highlights include Fed Policy Announcement, BoC Policy Announcement, BCB Policy Announcement. Speakers include ECB's Schnabel, BoC's Macklem, Fed Chair Powell. Supply from the US. Earnings from Microsoft, Meta, Tesla, Lam, ServiceNow, IBM, Starbucks & AS.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

US President Trump's announced he is to raise tariffs on South Korean autos, lumber, pharma, and all other reciprocal tariffs to 25% from 15% due to Korea not yet enacting the trade deal.USD/JPY fell sharply below 154.00 without a clear catalyst, in a move similar to Friday's post-Ueda drop, DXY is slightly lower.European and US equity futures are broadly in the green; a slew of US earnings are on the docket.Fixed benchmarks hold a bearish bias, Bunds little moved to a robust auction.Crude prices slightly firmer, whilst Nat Gas prices remain elevated; precious metals rebound following Monday's selloff.Looking ahead, US Richmond Fed (Jan), Consumer Confidence (Jan), ADP Employment Change Weekly, NBH Policy Announcement. Speakers include ECB President Lagarde & ECBʼs Nagel, US President Trump. Supply from the US. Earnings from Texas Instruments, Boeing, General Motors, RTX, American Airlines, Logitech & LVMH.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

US President Trump said he will soon announce the next Fed chair and that the new Fed chair will believe in lowering interest rates by a lot.European bourses are mostly firmer; US equity futures also gain, with mild outperformance in the NQ.DXY is slightly firmer as traders await US CPI; GBP underperforms a touch ahead of the BoE, EUR awaits the ECB.Fixed income grinds higher; Bunds saw some modest downticks after Germany's DFA announced their 2026 issuance plan, which came in slightly above analyst expectations.Crude complex was initially firmer but now hovering just above the unchanged mark, as Trump avoided mentioning Venezuela/Russia in his primetime address.Looking ahead, highlights include US CPI (Nov), Jobless Claims (w/e 13 Dec), Philly Fed (Dec), Japanese CPI (Nov), NZ Trade Balance (Nov), ECB Announcement, BoE Announcement, CNB Announcement, Banxico Announcement. Speakers include ECB's Lagarde & BoE's Bailey, Supply from US, Earnings from Carnival, Nike & FedEx.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Ukrainian President Zelensky said there is still no ideal peace plan as of now, and the current draft is a working version; Russia's Ryabkov said they are ready to make efforts to overcome disagreements relating to the Ukraine crisis.China Securities Times commentary noted that China should set a positive yet 'pragmatic' 2026 GDP growth target with leeway, while researchers are said to be divided between an around 5% or 4.5%-5.0% growth target for 2026.European bourses are broadly lower, with US equity futures also in the red as the NQ continues to underperform.USD awaits data deluge, GBP outperforms following hawkish LFS and PMI & JPY continues gains into BoJ on Friday.USTs trade steady into NFP, Bunds chop on PMI metrics whilst Gilts underperform post-jobs data.Brent dips below USD 60/bbl for the first time since May as geopolitical tensions ease; metals are broadly subdued.Looking ahead, highlights include US Flash PMIs (Dec), US Average Weekly Prelim Estimate ADP (4-week, w/e 29 Nov), Non-Farm Payrolls (Oct), Jobs Report (Nov), Retail Sales (Oct), Business Inventories (Sep), NBH Announcement, Comments from BoC's Macklem.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses opened lower but now marginally firmer, US equity futures are in the red, with underperformance in the NQ following Oracle (-11%) earnings.DXY initially attempted to pare post-FOMC pressure, but now flat, CHF little moved to the SNB announcement, but gained on the presser, the Aussie is pressured post-jobs data.USTs continue to strengthen in the aftermath of the FOMC, whilst Bunds pull back from highs.Crude benchmarks are selling off despite a bullish IEA report; XAU pares back FOMC gains; Copper pulls back from ATHs.Looking ahead, highlights include US Initial Jobless Claims (6 Dec, w/e), OPEC MOMR, Supply from the US, Earnings from Broadcom, Costco & lululemon.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses attempt to move higher after initial pressure, US equity futures trade with modest gains.USD is flat, EUR and NZD manage to hold towards the top of the G10 pile.Global bonds pressured, Bunds hit on hawkish remarks via ECB's Schnabel, who said that she is 'comfortable' on bets that the next move will be a hike, albeit not any time soon.Crude benchmarks retreat despite a lack of drivers, XAU grinds higher and 3M LME Copper benefits after positive Chinese exports data, though Imports disappointed.Looking ahead, highlights include ECB's Cipollone, BoE's Taylor & Lombardelli, Supply from the US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses started the morning flat/modestly firmer, but have since sauntered to session highs; US equity futures also modestly firmer.OpenAI CEO Altman declares a code red to combat threats to ChatGPT and plans to delay other initiatives such as advertising, according to The Information.DXY is modestly firmer, AUD initially outperformed after ANZ scaled back rate cut bets for 2026, but is now flat amidst USD-strength, USD/JPY rises back towards 156.00.Bonds are flat/modestly lower, Bunds little moved to EZ HICP whilst Gilts lag.Crude essentially flat in rangebound trade, XAU slips below USD 4.2k/oz.Looking ahead, highlights include US RCM/TIPP Economic Optimism, Earnings from Marvell & CrowdStrike.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks mostly firmer following the Wall St. handover, though China was mixed amid reports of Trump selling NVIDIA chips to China.Fed's Collins says she has not made up her mind on December. Treasury Secretary Bessent said prices are getting better.DXY contained, EUR/USD bounced from 1.15, Cable rangebound, USD/JPY firmer but limited in holiday trade.USTs and Bunds contained after the moves seen on Friday; Crude is uneventful, XAU continues to fade.US' Rubio said good progress had been made re. Ukraine, and none of the outstanding issues are insurmountable.Looking ahead, highlights include German Ifo (Nov), US National Activity Index (Oct), Dallas Fed Manufacturing Index (Nov), Speakers including ECB's Cipollone, Elderson & Lagarde, Supply from the US.Click for the Newsquawk Week Ahead.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

US Secretary of State Rubio said good progress had been made re. Ukraine, and none of the outstanding issues are insurmountable.European bourses opened stronger, but sentiment has waned a touch in recent trade; US equity futures are mixed.DXY is marginally subdued, EUR gains a touch amidst geopolitical progress whilst the JPY lags.Lacklustre trade across fixed income with USTs flat whilst Bunds are firmer by a handful of ticks.Oil complex has been pressured by progress on Ukrainian peace talks, XAU trades rangebound.Looking ahead, highlights include US National Activity Index (Oct), Dallas Fed Manufacturing Index (Nov), Speakers including ECB's Cipollone, Elderson & Lagarde, Supply from the US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

US is to block NVIDIA's (NVDA) sale of scaled-back AI chips to China, according to The Information.European bourses opened firmer but ultimately conformed to the subdued risk tone, US equity futures also mildly in the red.DXY bid awaiting UoM, trading around 99.78; Kiwi underperforms.Bunds were initially hit by the US risk tone, EGBs then slipped on German data, no reaction to the deteriorating European tone.Commodities rebound from Thursday's equity-led selloff; XAU firmer and holds above USD 4k/oz.Looking ahead, Canadian Jobs, NY Fed SCE, US University of Michigan Prelim, Speakers including Fed's Jefferson and Miran, BoE's Pill, ECB's Elderson & Nagel.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

US to probe China's 2020 trade compliance while Trump has "terminated" all trade talks with Canada.European bourses opened firmer but now off best levels whilst US equity futures are in the green; INTC +8.3%.USD slightly higher into CPI, EUR boosted on German PMIs but now pared.Bunds & Gilts hit by PMIs, OATs look to Moody's, USTs await CPI.Crude gives back recent strength, XAU also on the backfoot around USD 4.06k/oz.Looking ahead, US Flash PMIs (Oct), US CPI (Sep), CBR Policy Announcement, European Council (23rd-24th), Moody's Credit Review on France, Speakers including ECB's Cipollone & Nagel, Earnings from Procter & Gamble.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are broadly lower, but FTSE 100 outperforms after UK inflation; US equity futures are modestly weaker.USD is flat & GBP hit after region's softer-than-expected inflation report, which has boosted bets for a cut in December.USTs are flat/slightly firmer ahead of supply, Gilts gap higher after CPI, Bunds marginally pressured after yet another poor auction.Initial morning bounce back in gold has faded with XAU now lower on the session; crude complex is on a firmer footing.Looking ahead, CCP 4th Plenum (20th-23rd), Speakers including ECB's de Guindos, Lagarde & Fed's Barr, Supply from the US, Earnings from SAP, Tesla, IBM, Kinder Morgan, Alcoa, Lam Research, GE Vernova, Hilton, AT&T & Thermo Fisher.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses and US futures are firmer into a quieter than initially scheduled session on account of the gov't shutdown, ES +0.3%.DXY underpressure, down to a 97.70 trough. JPY is the relative laggard after remarks from Ueda, NZD continues to climb.USTs await ISM Services, Bunds unreactive to PMI revisions and remarks from Lagarde re. Knot. Gilts are attentive to the OBR's first forecast round.Crude saw fleeting upside on Hamas asking for more time to consult on Trump's Gaza plan, XAU pauses for breath.Looking ahead, US Final Composite PMIs (Sep), ISM Services (Sep), ECB's Schnabel, Fed's Williams, Jefferson, BoE's Bailey.Due to the US government shutdown, the following data will not be released: US NFP (Sep).Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

US Government has officially gone into a shutdown. Weighing on the general risk tone in the early morning and the USD.European bourses have since bounce and extended to highs, Euro Stoxx 50 +0.3%; Healthcare leading. Stateside, futures remain lower awaiting data, ES -0.3%.DXY delved as low as 97.46 before recovering modestly, JPY tops the leaderboard, GBP & EUR both firmer though EUR losing some steam more recently.USTs contained awaiting data and shutdown updates, Bunds hit by soft supply, Gilts lag on Reeves.Crude initially steady but under increasing pressure this morning, XAU has resumed its ascent.Looking ahead, highlights include US ADP (Sep), ISM Manufacturing (Sep), Atlanta Fed GDP, BoC Minutes, Fedʼs Barkin, ECBʼs Elderson, de Guindos, Rehn, BoCʼs Rogers.Click for the Newsquawk Week Ahead.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

A firmer start to the week for equities, Euro Stoxx 50 +0.3%, ES +0.5%; focus on a packed labour market agenda for the week and the looming US gov't shutdown.President Trump will be meeting with congressional leaders at 20:00BST/15:00ET; ahead of this, Trump has said if the Democrats refuse to make a deal "the country closes".USD pulling back from last week's data induced gains, JPY leads into a packed week and supported by BoJ's Noguchi. EUR & GBP also firmerFixed benchmarks in the green, Bunds lead after mostly cooler-than-expected Spanish flash figures, Gilts await Chancellor ReevesCrude curtaield by OPEC+ production reports, XAU at another ATH, Copper posting modest gainsLooking ahead, highlights include ECB's Cipollone, Muller, Kazaks, Schnabel, Lane, BoE's Ramsden, Fed's Waller, Hammack, Musalem, Williams, Bostic. Events include Bank of Israel Announcement, Labour Party Conference (29th Sept - 1st Oct). Earnings from Jefferies, Carnival.Click for the Newsquawk Week Ahead.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

US President Trump is to sign executive orders at 15:30 ET (20:30 BST) on Thursday; potentially on TikTokThe White House Budget Office instructed federal agencies to prepare workforce reduction plans for potential mass layoffs amid the threat of a government shutdown, according to Politico.European bourses are lower and have recently made fresh troughs after the European Commission investigates SAP; US equity futures trade tentatively into a packed US data slate and Fed speak.USD is steady, Antipodeans lead whilst the Swiss Franc lags a touch.USTs are flat awaiting catalysts; Bunds are firmer amidst a subdued risk tone in Europe, Gilts little moved following a well-received tender.Crude is on the backfoot while XAU resumes its climb; Copper continues to build on the prior day's strength.Looking ahead, US Durable Goods (Aug), GDP Final (Q2), PCE Final (Q2), Jobless Claims, Advance Goods Trade Balance (Aug), Banxico Announcement; Speakers include Fed's Goolsbee, Williams, Schmid, Bowman, Logan, Barr, Daly, and supply from the US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are modestly lower; US equity futures are incrementally firmer/flat.USD is attempting to atone for recent losses. EUR digests soft German Ifo.Fixed benchmarks are firmer; Bunds caught a bid on softer-than-expected German Ifo metrics.Crude briefly boosted by reports that Israel's army has taken "another step" in the plan to occupy Gaza city; XAU takes a breather from recent upside.Looking ahead, highlights include Supply from the US; Speeches from BoE's Greene, Fed's Daly.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded mixed with global risk sentiment cautious ahead of the crucial FOMC policy decision.White House said it was further extending the TikTok enforcement delay, with the deadline to sell TikTok extended until December 16th.European equity futures indicate a positive cash market open with Euro Stoxx 50 future up 0.3% after the cash market closed with losses of 1.3% on Tuesday.DXY is flat after yesterday's selling pressure. EUR/USD retains a firm footing on a 1.18 handle, GBP awaits UK inflation metrics.USTs and Bunds are steady. Crude futures slightly eased back from this week's peak.Looking ahead, highlights include ECB Wage Tracker, UK Inflation (Aug), EZ HICP Final (Aug), New Zealand GDP (Q2), US Atlanta Fed GDP, FOMC Announcement, BoC Announcement, BCB Announcement, Bank of Indonesia Announcement, ECB's Lagarde, Nagel, Cipollone, Fed Chair Powell, BoC's Macklem & US President Trump, Supply from Germany & UK, Earnings from General Mills.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

US Appeals Court declined to allow Trump to remove Federal Reserve Governor Cook; Cook can attend the FOMC's September 16th-17th meeting.US Senate voted 48-47 to confirm US President Trump's Fed nominee Miran to join the Fed board.European bourses opened flat but sentiment dipped a touch to display a mostly negative picture; US equity futures are modestly firmer; NVDA little moved on reports of “lukewarm” demand for its RTX6000D AI chip.DXY in the doldrums as the clock ticks down to the FOMC; GBP was little moved to an in-line Jobs Report.USTs are essentially flat into Retail Sales and supply; Bunds pressured following ZEW and a relatively soft German auction.Crude futures slip with reports of the 19th sanctions package delayed; XAU makes a fresh ATH.Looking ahead, US Retail Sales (Aug) and Industrial Production (Aug), Import Prices (Aug), Atlanta Fed GDP, Canadian CPI (Aug) & ECB's Escriva, Supply from the US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

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 strong 3- and 10-year outing earlier this week.Industrial commodities and gold are subdued, awaiting key risk events; some modest upticks seen on Poland, Ukraine & Lithuania, calling the recent Russian drone incursion an “unprecedented” provocation.Looking ahead, US CPI (Aug) & Jobless Claims, ECB Policy Announcement & Press Conference, CBRT Announcement, OPEC Monthly Report, Supply from the US, and Earnings from Adobe.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

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 and India with 100% tariffs to pressure Russian President Putin to end the war.US judge temporarily blocked President Trump from removing Federal Reserve Governor Cook.European bourses started off stronger, but then slipped after Polish PM asks to evoke Article 4; Oracle +29% post-earnings.DXY is incrementally lower whilst Antipodeans lead.Bunds briefly bolstered by NATO remarks. Complex awaits US data and supply.Crude and gold rise as NATO member Poland downs drones above its territory.Looking ahead, US PPI (Aug), Wholesale Sales (Jul), Comments from SNB's Schlegel, Supply from US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

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 yesterday's gains, JPY and GBP remain softer vs. the USD after a bruising session on Tuesday.USTs lack direction following yesterday's bear-steepening. Bunds are a touch softer, JGB tracked recent losses in global peers.Crude futures lacked conviction after whipsawing yesterday, spot gold is steady after printing another fresh ATH.UK Chancellor Reeves has pencilled in November 26th for the date of the Budget, according to Huffington Post.Looking ahead, highlights include EU Producer Prices, EZ, UK, US Services PMI (Final), US Durable Goods R (Jul), JOLTS Job Openings (Jul), NBP Announcement, Fed Beige Book, BoE's Mann, Breeden, Bailey, Lombardelli, Greene & Taylor, ECB's Lagarde, RBA Governor Bullock, Fed's Musalem & Kashkari, Supply from Germany.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

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 uncertainty.European equity futures indicate a slightly softer cash market open with Euro Stoxx 50 future down 0.2% after the cash market closed with gains of 0.3% on Monday.DXY is higher, JPY lags, EUR/USD has reverted back onto a 1.16 handle and antipodeans lag alongside the soft risk tone.Bunds are subdued following the prior day's retreat, crude futures extended the prior day's gains, spot gold hit a fresh record high above USD 3.500/oz. Looking ahead, highlights include EZ Flash HICP (Aug), US ISM Manufacturing PMI (Aug), Atlanta Fed GDP, Speakers including ECB's Elderson & Nagel, and Supply from Germany.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

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 on tax worries; US equity futures are lower into US PCE.Choppy trade in the USD as markets await Fed's Cook's hearing; GBP underperforms.Bonds are broadly lower; Bunds saw modest upticks on German Retails Sales and softer-than-expected French CPI.Crude declines alongside sentiment, while gold awaits PCE.Looking ahead, highlights include German CPI, US PCE (Jul), University of Michigan Final (Aug), Atlanta Fed GDP & Canadian GDP (Q2).Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks began the week on the front foot as the region took its opportunity to react to the dovish comments by Fed Chair Powell at Jackson Hole on Friday.European equity futures indicate a lower cash market open with Euro Stoxx 50 future down 0.3% after the cash market closed with gains of 0.5% on Friday.DXY is a touch firmer but unable to recover much of Friday's lost ground. EUR/USD remains on a 1.17 handle.Bund futures have faded some of last Friday's gains, crude futures are steady.Looking ahead, highlights include German Ifo (Aug), US National Activity (Jul), Comments from Fed's Logan and Supply from the EU.Note, today is a UK bank holiday. The desk is open as usual. Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses pare some of Friday's gains; US equity futures are mixed, with the RTY holding afloat.USD struggles to recoup Friday's lost ground in a quiet start to the week; JPY underperforms despite hawkish-leaning commentary via BoJ's Ueda.USTs pause for breath following Powell-induced upside, whilst Bunds move lower.Crude benchmarks are very modestly firmer with focus on geopolitics; XAU is on the backfoot.Holiday: UK Summer Bank HolidayHighlights include US National Activity (Jul), Comments from Fed's Logan.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Fed Governor Cook said she has no intention of being bullied to step down from her position because of some questions raised in a tweet by FHFA Director Pulte.European bourses tilt lower with the region unable to benefit from better-than-feared PMIs; US equity futures are mixed.USD is mixed vs. peers, GBP is top of the G10 leaderboard post-PMI.Bonds are pressured after PMIs, lower UK borrowing fails to lift spirits ahead of the Autumn BudgetCrude is firmer as geopolitics remain in the limelight; Ukraine's Air Force said Russia used 574 drones and 40 missiles in an overnight attack.Looking ahead, US Flash PMIs, US Weekly/Continued Jobless Claims, Philly Fed Index, EU Consumer Confidence, Fed Jackson Hole Economic Symposium (21st-23rd), Speech from Fedʼs Bostic, Schmid, Goolsbee, Supply from US, Earnings from Walmart.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses opened lower but have clambered back to the unchanged mark; US futures remain on the backfoot.DXY is flat, GBP digests hot UK CPI, NZD lags after the RBNZ delivered a dovish 25bps cut.RBNZ lowered the OCR by 25bps as expected, cut its OCR forecasts across the projection horizon and voted on the options of either a 25bps or 50bps reduction.USTs underperform into 20yr auction, Bunds bid on German Producer Prices, Gilts initially lagged on CPI but now firmer.Looking ahead, highlights include FOMC Minutes, Speakers including Fed's Bostic, Waller and reported Fed Chair candidate Zervos, Supply from the US, Earnings from Target.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Trump and Putin will meet in Alaska at 20:00BST/15:00ET, Trump will then depart just under seven hours later.European bourses began with gains, Euro Stoxx 50 +0.4%; follows a mostly higher APAC handover as soft Chinese data was shrugged off.US futures firmer, but have drifted off best in the European morning, ES +0.1%; UNH +12% and INTC +4.5% in the pre-market.USD gives back some of its PPI-inspired gains, JPY tops the G10 leaderboard after domestic data.A contained start for USTs into Tier 1 data points and the Alaska summit, Bunds dipped on the constructive European risk tone.Crude benchmarks lower despite the tone and USD, looking to the Putin-Trump meeting; XAU firmer.Looking ahead, highlights include US Retail Sales (Jul), US University of Michigan Prelim (Aug), Import/Export Prices (Jul), Industrial Production (Jul), Atlanta Fed GDP, Fed's Goolsbee, Trump-Putin summit & Press Conference.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

US President Trump said they are going to be putting a very large tariff on chips and semiconductors, which will be at approximately 100%, but added "if you're building in the US, there will be no charge."Kremlin Aide Ushakov says an agreement has been reached to hold a meeting with US President Trump and Russian President Putin in the next few days.Stocks have been boosted after a Kremlin aide confirmed Trump and Putin are to meet.USD is broadly weaker, Antipodeans lead whilst the GBP eyes BoE rate cut.Gilts modestly lower into the BoE; initial upside in Bunds have now since pared.Crude was pressured amid optimism surrounding Russia-Ukraine, but downside has since pared.Looking ahead, US Jobless Claims, Wholesale Sales (Jun) NY Fed SCE, Atlanta Fed GDP, BoE Announcement, MPR & DMP, CNB & Banxico Announcements, Speakers including BoE's Bailey & Fed's Bostic, Supply from the US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

US President Trump announced tariffs on countries ranging from 10%-41% including a tariff rate of 10% for Brazil, 30% for South Africa, 20% for Taiwan and 25% for India. Canada's tariff increased from 25% to 35%, while Mexico received a 90-day extension of the current tariff rates.Japan eyes a 15% rate for the US chip tariff, on par with EU, with Japan's trade negotiator stating Japan should be able to secure a 15% rate for the new sectoral tariff the US is planning to impose on chips, according to Nikkei.European and US indices are entirely in the red in reaction to the Trump's latest tariff levy; AMZN -8% & AAPL +2% post-earnings.USD is broadly firmer vs. peers as NFP looms large; CHF/NZD pressured after the respective countries received tariff hikes.USTs are near enough flat, Bunds are softer but unreactive to HICP, Gilts heavy.Crude is on the backfoot, gold awaits NFP, copper stable.Looking ahead, Global Manufacturing PMI (Finals), US NFP, ISM Manufacturing, UoM Sentiment Final, Atlanta Fed GDPNow, Speakers including Fed's Bowman, Waller (Unconfirmed), Hammack.Earnings from, Earnings from Exxon, Chevron, Regeneron & Colgate.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are mixed amidst a slew of earnings, US futures flat/firmer ahead of a busy data docket and earnings from Meta and Microsoft.USD rally pauses for breath as markets await Q2 flash GDP and FOMC.USTs contained into numerous US events, Bunds were little moved by national and EZ-wide GDP metrics.Crude takes a breather after Tuesday's rally while gold holds around the unchanged mark.Looking ahead, US ADP National Employment, GDP Advance (Q2), PCE (Q2), Fed, BoC, BCB Policy Announcements Speakers including Fed Chair Powell, BoC's Macklem & Rogers. US Quarterly Treasury Refunding Announcement.Earnings from Airbus, Vinci, Microsoft, RobinHood, Carvana, Lam Research, Qualcomm, Ford, Arm, eBay, FMC, Vertiv, Altria, Kraft Heinz, GE Healthcare.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are broadly in the green, alongside strength in US futures ahead of a busy earnings slate.USD is firmer, EUR/USD's descent continues as markets digest the EU-US trade agreement.USTs await data and a 7yr auction, Bunds are on the backfoot giving back some of the prior day's upside.Crude resumes upside while metals are hampered by the Dollar.Looking ahead, highlights include US JOLTS Job Openings, Advance Goods Trade Balance, Wholesale Inventories Advance, Consumer Confidence, Dallas Fed Services Revenues, Atlanta Fed GDPNow, ECB SCE, Supply from the US, Earnings from Kering, Banca Generali, Terna, Grifols, Visa, Marathon Digital, Starbucks, Booking, UnitedHealth, Sofi, Paypal, UPS, Spotify, Merck, Nucor, JetBlue, Procter & Gamble.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk