Podcasts about gilts

US equity futures higher with S&P up 0.2%. Bond yields higher. US 10-year up 2 bps at 4.5%. Gilts up 2 bps at 4.8%. Bund 4 bps higher at 3%. Dollar firmer versus yen and euro, softer against sterling and Aussie. Oil up with WTI crude 3.8% higher near $90.50/bbl. Gold down. Industrial metals higher. Bitcoin lower. US-Iran ceasefire negotiations continue with press reports noting President Trump sent revised terms back to Tehran, seeking firmer commitments on nuclear concessions and reiterating demands for unrestricted Strait of Hormuz shipping. Release of frozen Iranian funds has been a point of debate. Despite ongoing talks, US carried out military strikes in Iran on the weekend and Kuwait reports missile and drone attacks. Companies Mentioned: Taylor Morrison Home, YUM! Brands, Four Corners Property Trust

Al Arabiya and Al Hadath exclusively report the text of the anticipated US-Iran agreement in case of its approval. A Pakistani source said that cautious optimism is the prevailing sentiment in the ongoing discussions regarding the planned agreement.However, another Pakistani source said the US and Iran's insistence on raising the bar for their demand regarding uranium and the Strait of Hormuz has led to a "crisis in negotiations." Crude on a firmer footing despite diplomatic efforts.Global equities set to end the week with gains, ahead of the UK/US extended weekend.FX broadly within Thursday's wide ranges; GBP unfazed by PSNB and retail sales, AUD weaker as banks shift tightening call.Fixed income higher, Gilts benefit from cooler-than-expected Retail Sales.Looking ahead, highlights include Canadian Retail Sales (Mar), University of Michigan Consumer Sentiment Final (May), BoC SLOS (May), Kevin Warsh sworn in as Fed Chair with US President Trump to attend. Speakers include Fed's Waller. Credit Ratings: Scope Ratings on China, S&P on Norway, Moody's on Hungary, Portugal & UK.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Cyber shocks, political ripples and pop-powered spending – it's another packed week on the AJ Bell Money & Markets podcast. Charlene Young and Danni Hewson break down the latest inflation and jobs data, before turning to bond market jitters as political drama heats up. There's pressure building for businesses too, as Ryanair flags rising fuel costs, and Marks & Spencer and Jaguar Land Rover lay bare the growing financial toll of cyber attacks. We also dive into the forces reshaping what was formerly the UK high street, with more big banking brands on brink of disappearing completely, and unpack what a potential mansion tax could mean for homeowners. Plus, two insightful interviews: one exploring how supply chains are becoming a major investment theme, and another on the critical mineral antimony as surging demand drives the reopening of an Australian mine. And to finish, we move from hard economics to headline acts, and look at how Harry Styles' Wembley run could generate over £1bn in spending, proving the experience economy is alive and well. [00:00] Introduction [01:46] Inflation & jobs – what the latest data tells us [09:35] Gilts, politics & the Makerfield by-election ripple effect [12:10] Ryanair warns on rising oil prices [ 15:26] M&S & JLR – counting the cost of cyber attacks [21:39] Interview: Supply chains with Jamie Mills O'Brien (Aberdeen) [34:13] Bank brands that are set to disappear – Halifax rumours & TSB confirmed changes [36:39] Mansion tax consultation – what's on the table [40:44] The £1.1bn Harry Styles effect [45:07] Interview: Antimony & critical minerals with Ron Heeks (Larvotto Resources) [54:13] Closing thoughts

Iran-Pakistan cooperation has reportedly declined over the past two weeks, with a diplomatic source saying that Iran and Pakistan held conflicting positions on negotiation channels and the venue for talks.The EU has finalised the text of its US trade deal, as the bloc races to meet US President Trump's July 4th deadline.European bourses softer, chip names firmer ahead of NVDA earnings.Lacklustre trade across G10s with the DXY slightly firmer ahead of the FOMC Minutes. Fixed benchmarks find some reprieve as energy prices pull back, Gilts outperform following cooler-than-expected CPI.Crude futures on a softer footing, precious metals hold steady following Tuesday's selloff. Looking ahead, highlights include New Zealand Trade Balance (Apr), FOMC Minutes (Apr). Speakers include Fed's Barr, BoE's Bailey, Breeden, Dhingra & Mann. Supply from the US. Earnings from NVIDIA, Target & Intuit.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

US President Trump posted on Truth that the US military is to hold off on the Iran attack that was initially planned for Tuesday after Saudi Arabia, UAE, and Qatar requested him to do so, as serious talks are now taking place.US President Trump also instructed the US to be prepared to go forward with a full, large-scale assault of Iran on a moment's notice, in the event an acceptable deal is not reached.European bourses outpace their US peers, awaiting an update from the US and/or Iran.DXY firms; USD/JPY edges beyond 159.00, raising risk of intervention; AUD lags post-RBA minutes.Global fixed benchmarks gain; Gilts outperform amidst domestic political updates and a downbeat jobs report. Crude futures give back recent gains, metals weighed by firmer dollar. Looking ahead, highlights include US ADP Employment Change Weekly, Canadian CPI (Apr). Speakers include ECB's Lane, Villeroy, Nagel & Fed's Waller. Earnings from Home Depot.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

US equity futures are weaker with S&P down 0.3%. Bonds mixed after finding support after earlier weakness; US 10-year steady at 4.6%. Bund flat. Gilts firmer. Dollar is mostly firmer. Crude firmer amid hawkish Middle East headlines. Gold and silver weaker. Bitcoin down to early May low. Equity market sentiment tends negative amid hawkish US-Iran developments, which underpins oil prices and weighs on bonds. Inflation concerns reinforce hawkish central bank pricing. US Treasury 30Y yield climbing further above 5% to a 20-year high. Companies mentioned: Dominion Energy, NextEra Energy, National Healthcare Properties

This is the latest in my series of podcasts explaining how economics works in the credit crunch and now virus pandemic era. This week I give my thoughts on . Richard st ruth Q:

US President Trump had a good meeting with Chinese President Xi, in which the two sides discussed ways to enhance economic cooperation. The two sides agreed that the Strait must remain open and that Iran can never have a nuclear weapon. However, Taiwan was not mentioned.US President Trump's team is now discussing options for military escalation to break the deadlock, Axios reported. Options include resuming Project Freedom or striking Iranian infrastructure. European bourses continue to rebound; NVDA gains after the US reportedly approved around 10 Chinese firms to buy H200 chip.DXY flat, GBP immediately pared post-GDP gains as politics remains in focus.USTs attempt to bounce back from recent losses; Gilts eye a potential leadership challenge.Crude holds a mild upward bias but wanes off its best levels as US and Iran prefer diplomacy.Looking ahead, highlights include Trump-Xi Summit (14th-15th May); US Retail Sales (Apr), Export/Import Prices (Apr), Jobless Claims (May 9), Atlanta Fed GDP. Speakers include BoE's Pill, Fed's Bowman, Miran, Logan, Schmid, Hammack & Williams.Holiday: Ascension Day Holiday (Closures in Switzerland, Sweden, Norway, Finland, Denmark).Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

US Treasury Secretary Bessent and Vice Premier He held talks. Following the conclusion, Chinese state media reported that China and the US held candid, in-depth and constructive exchanges.European bourses rebounded from Tuesday's selloff, DAX 40 outperform following a heavy earnings docket; US equity futures gain.GBP mixed against its peers as Starmer appears on a firmer footing but risks remain into on the return of Parliament.Global fixed benchmarks are flat/incrementally firmer, Gilts find reprieve after recent pressure.Crude lower but off lows after taking a breather overnight; IEA said world oil supply to fall by 3.9mln bpd in 2026. Looking ahead, highlights include US PPI (Apr), BoC Minutes (Apr), OPEC MOMR (May). Speakers include BoE's Mann, Fed's Collins & Kashkari, ECB's Lane & Lagarde. Supply from the US. Earnings from Cisco Systems.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Today - a Korean politician sparked enormous volatility in the key chip names there on suggesting the idea of a "citizens' dividend" to be extracted from the companies' enormous profits. It's an important test of the chip space after the recent parabolic run-up in key names. Also, the lack of progress in the US and Iran re-opening the Hormuz Strait has the US dollar pushing higher on higher oil prices ahead of the US April CPI release. Elsewhere, sterling is under mounting pressure from political uncertainty as Gilts also suffer. This and more on today's pod, which is hosted by Saxo Global Head of Macro Strategy John J. Hardy.   About twice per week, you will find links discussed on the podcast and a chart-of-the-day over at the John J. Hardy substack. Read daily in-depth market updates from the Saxo Market Call and the Saxo Strategy Team here. Please reach out to us at marketcall@saxobank.com for feedback and questions. Click here to open an account with Saxo. Intro music by AShamaluevMusic DISCLAIMER This content is marketing material. Trading financial instruments carries risks. Always ensure that you understand these risks before trading. This material does not contain investment advice or an encouragement to invest in a particular manner. Historic performance is not a guarantee of future results. The instrument(s) referenced in this content may be issued by a partner, from whom Saxo Bank A/S receives promotional fees, payment or retrocessions. While Saxo may receive compensation from these partnerships, all content is created with the aim of providing clients with valuable information and options.  

UK PM Starmer said he will not be setting out a timetable for departure. This came after over 81 Labour MPs calling for the PM to resign, enough to launch a leadership challenge.European bourses are entirely in the red, with UK Banks hit on political turmoil; US equity futures pull back from ATHs.DXY is firmer, buoyed by geopols; GBP underperforms amidst political unrest, while JPY remains on intervention watch.Gilts underperform, USTs lower ahead of US CPI. Crude rises as US-Iran woes mount, with no off-ramp in sight.Looking ahead, highlights include US CPI (Apr), ADP Employment Change Weekly, EIA STEO (May), and EU Informal Meeting of Energy Ministers (May 12-13). Speakers include ECB's Elderson, Fed's Goolsbee. Supply from the US. Earnings from Under Armour.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

US equity futures are weaker with S&P down. Bonds weaker with US 10-year yield up 2 bps at 4.39%. Gilts 4 bps higher. Bund 1 bp firmer at 3.02%. Dollar firmer versus yen, softer elsewhere. Oil gains on latest setback in US-Iran negotiations with WTI crude up 3.3% near $98.50/bbl. Gold down. Industrial metals firmer. Bitcoin slightly higher. US-Iran talks hit another roadblock after President Trump rejected Iran's latest proposal, which appeared to fall far short of US demands. According to Iranian and other media sources, proposal calls for immediate end to US naval blockade. Two sides would establish 30-day negotiation period with Iran demanding release of frozen assets, end to sanctions on Iranian oil sales, definitive end to war on all fronts including Lebanon, and guarantees against future military action.Companies mentioned: MidCap Financial Investment, Nintendo

The US military has carried out strikes in Iran's Qeshm port and Bandar Abbas, according to Fox News, citing a US official, who said it is not a restart of the war. Iran's military said the US violated the ceasefire.US President Trump said the Iran ceasefire is still on and that the US is negotiating with the Iranians. He added that Pakistan asked the US not to do Project Freedom during the negotiations. Remarks which have helped energy prices ease from highs.The situation on Iranian islands and coastal cities by the Strait of Hormuz is back to normal, according to Press TV. European bourses are broadly in the red, reacting to US-Iran flare-ups, whilst US equity futures gain.DXY wanes as oil eases and G10s gain; GBP was initially unreactive to UK local elections but now marginally outperforms peers.USTs await NFP, Gilts bounce as the UK local elections results continue to filter in.Looking ahead, highlights include US Jobs Report (Apr), University of Michigan Survey Prelim. (May), Canadian Jobs Report (Apr). Speakers include ECB's Schnabel, BoE's Breeden, Bailey, Fed's Cook, Waller, Goolsbee, Daly, Miran and Bowman.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

US equities are higher in prior session, with S&P 500 and Nasdaq posting fresh record closes. Bonds add to recent gains. US ten-year yields down to 4.3%. Bund down at 3%. Gilts off with ten-year at 4.9%. WTI crude extending recent fall to $94/bbl region. Gold is up. Industrial metals mixed. Bitcoin is lower. Markets welcomed signs of fresh momentum in US-Iran peace talks amid reports two sides nearing agreement on 14-point MoU to end war and set in motion 30-day negotiation period to discuss opening Strait of Hormuz, limit Iran's nuclear program and lift US sanctions. Companied mentioned: Macerich, Catalyst Pharmaceuticals, Chiron Real Estate

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

"Israeli media: A limited operation against Iran may be carried out to avoid a prolonged war", Al Arabiya reports.Chinese Securities Regulator says that China is to allow qualified foreign investors to trade treasury futures from April 24, 2026, for hedging purposes only.Downbeat sentiment across European bourses, SAP +6% after a EUR 10bln share buyback; NQ outperforms, with INTC +23% post-earnings.FX price action lacklustre, CHF and JPY dodge intervention comments, UoM Final aheadFixed falters as energy climbs, Gilts lag again in catch-up trade and after further hawkish impetus into the BoE.Crude underpinned as eyes remain on US-Iran ceasefire heading into the weekend.Looking ahead, highlights include Canadian Retail Sales (Feb), US UoM Survey Final (Apr), CBR Policy Announcement (Apr).Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

US President Trump said the US have been asked to hold their attack on Iran until such time as its leaders and representatives can come up with a unified proposal.It was reported that Iran received 'some sign' the US is ready to break the blockade, spurring mild risk-on at the time.UKMTO reported two separate incidents near Oman and Iran, with the latter spurring upticks in the crude complex.European bourses opened higher but have since trundled lower, ASM International +8% after a strong Q1 and guidance; US equity futures gain.USD tracks oil prices, NZD repricing continues and Sterling unreactive to mostly in-line inflation data.Fixed income follows energy but is relatively contained thus far, Gilts marginally underperform.Looking ahead, highlights include EZ Consumer Confidence (Apr), CBRT Policy Announcement (Apr). Speakers include ECB's Lagarde & Cipollone. Supply from US. Earnings from Vertiv, Boeing, GE Vernova, AT&T, Tesla, ServiceNow, IBM.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

US equity futures lower with S&P down. Bonds are firmer, with treasury yields backing up. US 10-year adds 3 bps to 4.4%. Similar move seen in Gilts. Bund higher at 3%. Dollar rallies. Oil sharply higher. WTI crude above $106/bbl and Brent near $108. Gold lower. Industrial metals lower. Bitcoin falls. European equity markets are lower, Asian equity markets under pressure, with deep losses for Kospi. Nikkei is more than 2% lower. Hang Seng also weaker. Sentiment deteriorated after Trump's address on Iran. While he touted military accomplishments and reiterated aim of ending strikes in 2-3 weeks, he also hinted at escalation and there was a lack of emphasis on negotiations for a clear pathway to end conflict. He reiterated threat to destroy energy plants if no deal reached. Note that earlier reports mentioned ceasefire offer conditional on reopening Strait of Hormuz, but NY Times intel sources said Iran sees no reason for serious talks amid belief it has leverage.Companies mentioned: Kakao Mobility, Uber, Amazon, Globalstar, Estee Lauder, Puig

The Trump Administration is reportedly considering plans to occupy or blockade Iran's Kharg Island to pressure Iran to reopen the Strait of Hormuz, Axios reported, citing sources.Crude edges higher amid the US plans to pressure Iran to reopen the Strait of Hormuz. European equities give back earlier gains following the Axios report; SMCI nose-dives pre-market amid a probe.DXY trims some of Thursday's losses as crude futures continue grinding higher—G10s are broadly lower against the USD. Fixed income under pressure as energy drives yields higher; Gilts underperform as markets fully price 3 rate hikes by the BoE.Looking ahead, highlights include Canadian Retail Sales (Jan), PPI (Feb). Speakers include ECB's Nagel, Fed's Bowman and Waller. Credit Rating Update with Scope Ratings/Morningstar DBRS on France.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

US futures are lower, but off their low points, with S&P down ~1.5%, following lower close on Friday, ending not far from worst levels, with major indices posting sharp weekly declines. US dollar is lower against Loonie but higher elsewhere. Bonds lower. Treasury yields higher across the board. Bund up ~3bps to 2.89% while Gilts little changed at 4.57%. Brent crude higher, peaked at $116/bbl; WTI also above $100/bbl. However, both well off earlier highs. Precious metals lower. Base metals mixed. Bitcoin lower. Brent crude forwards surged 18%, WTI up more than 20% in early Monday trading with both blends trading at $110/bl, first time crude prices traded near $100 since start of Covid pandemic. Sharp increase came after Israel attacked Iranian oil facilities, other middle east oil producers said they would curtail output, and as shipments through Strait of Hormuz ground to standstill. Companies Mentioned: KKR&Co., Agilent Technologies, Hims&Her Health

The Trump administration has reportedly ruled out deploying the Treasury Department to trade oil futures for now, believing it will have a limited meaningful effect, Bloomberg reported citing sources. US-sanctioned gas tanker reportedly transited the Strait of Hormuz this morning, according to Bloomberg; The Danuta I, sailed under the flag of Palau.European equities are under modest pressure, Roche hit as weight loss drug disappoints; US equity futures softer.DXY gains ahead of jobs report; AUD propped up by RBA hike bets; JPY narrowly lags peersGlobal bonds slip as the risk tone deteriorates; Gilts underperform.Crude continues to edge higher; Gold faces pressure amid a stronger DXY.Looking ahead, highlights include US NFP (Feb), Retail Sales (Jan), Speakers including ECB's Cipollone & Schnabel, Fed's Waller, Daly, Goolsbee, Miran, Schmid, Collins & Hammack, RBA's Hauser, Credit Review including Fitch on France, DBRS on Greece. Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

US equity futures are under pressure with S&P down . Bonds mixed. US 10-year yield is firmer at 4%. Gilts off 1 bps at 4.3%. Dollar is mostly firmer, though off session highs in overnight trade. Oil sharply higher with WTI crude up around 7.5%. European gas prices more than 20% higher. Gold and silver gain. Industrial metals firmer. Bitcoin lower. US and Israel launched air strikes against Iran that targeted military assets, government and IRGC facilities and missile bases, killing Supreme Leader Khamanei and several high-level officials. Trump is optimistic about war's progress, mentioning offramps and claiming Iran's new leaders in talks. Media sources also note Iran's security chief has reached out for fresh nuclear talks. Iran has widened retaliation to Gulf states, resulting in airport shutdowns. Conflict has also disrupted shipping through Strait of Hormuz though oil price impact subject to multiple variables.Companies Mentioned: Paramount Skydance, Warner Bros. Discovery

US equity markets are lower, with S&P down 0.2%, following mixed performance on Thursday. Bonds firmer. US 10-year benchmark down 1 bp at 4%. Gilts 2 bps lower at 4.3%. Bund eases to 2.7%. Dollar softer versus European majors, little changed versus yen. Oil up. Gold flat. Industrial metals higher. Bitcoin weaker. UK politics likely to get some attention after Greens won the Gorton and Denton by-election in greater Manchester, with Reform coming second. Further reports highlighting the likelihood of a very lowkey fiscal update from Chancellor Reeves next Tuesday, as she seeks to end cycle of policy speculation. Update from the UK National Audit Office showed HMRC collected extra £16B from biggest firms last year via a more hands-on approach.Companies Mentioned: Warner Bros. Discovery, Partners Group Holding, CPPIB, Equinix, Alphabet, Meta

European bourses slip as AI concerns hit European Banks; US equity futures rebound slightly.JPY dragged on reports PM Takaichi raised reservations about rate hikes to BoJ Governor Ueda; DXY slightly firmer.Gilts notch a fresh contract high into the TSC, USTs rangebound heading into heavy speaker docket.WTI and Brent mildly gains; Spot gold retreats from Monday's best while Copper gains as mainland China returns. 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, Greene, Taylor & Pill, Fed's Goolsbee, Collins, Bostic, Waller, Cook & Barkin, Supply from the US, Earnings from Home Depot & Keurig Dr Pepper.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

The Trump administration is closer to a major war with Iran than people realise, Axios reports citing sources; a military operation would likely be a massive, weeks long campaign that will be a joint US-Israeli attack. European equities entirely in the green, with IBEX leading the way; US equity futures continue to extend Tuesday's gains.DXY firmer, Kiwi hit post-RBNZ while Cable holds afloat following UK inflation.Gilts choppy post-CPI; USTs slightly lower ahead of FOMC minutes.WTI and Brent nurse prior day losses as Ukraine talks conclude; Metals rebound. Looking ahead, highlights include US Durable Goods, Industrial Production (Jan), Housing Starts (Nov/Dec), Atlanta Fed GDP, FOMC Minutes (Jan). Speakers include ECB's Schnabel & Fed's Bowman. Supply from the US. Earnings from Analog, Carvana, DoorDash, Booking Holdings, Moody's, Garmin & Orange.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

US-Iran talks have gotten underway; the latest is that the nuclear negotiations have entered the stage of discussing technical issues, Al Jazeera reports citing Iranian TV.Iran announced its readiness to reduce uranium enrichment, Al Hadath reports citing Iran's ambassador in Cairo; added "The contradiction of the US statements is proof of its lack of seriousness in the negotiations"European stocks are broadly in the green; Basic Resources weighed on by metals prices; US equity futures lower as US traders return from holiday.JPY gains ground on yield differentials and some haven flows while GBP lags after the UK jobs report; DXY flat. Gilts and JGBs lead; pricing remains in favour of a BoE cut in April, but March has inched higher into Wednesday's CPI post-unemployment/wages; USTs bid alongside global benchmarks.WTI and Brent rangebound with geopols in focus.Looking ahead, highlights include US ADP Weekly, NY Fed (Feb), Canadian CPI (Jan), Japanese Balance of Trade (Jan), US-Iran talks. Speakers include Fed's Barr & Daly. Earnings from Medtronic, Leidos, Palo Alto, Cadence Design Systems, Republic Services, Vulcan Materials, Kenvue.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

China's Commerce Ministry announces a tariff of up to 11.7% (prev. 42.7%) on EU dairy products; effective from February 13th.European equities broadly in the green; Financials lead as Schroders (+28.5%) gets acquired by Nuveen; US equity futures are entirely in the green.G10s mostly firmer against the USD; AUD takes a slight breather.Gilts lead after soft GDP though BoE pricing largely unaffected; USTs tread water ahead of Friday's CPI.WTI and Brent trade slightly lower as geopolitics remain quiet; IEA cut 2026 global oil demand growth and nudged lower supply growth forecasts.Looking ahead, highlights include US Weekly/Continuing Claims, Existing Home Sales (Jan), EU Informal Leaders Retreat, Speakers including ECBʼs Lane & Nagel, BoCʼs Rogers, Supply from the US, Earnings from Applied Materials, Arista Networks, Vertex Pharmaceuticals, Howmet Aerospace, Coinbase & American Electric Power.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

US equity futures are higher, following Tuesday's mixed performance. Bonds mixed. US 10-year yield steady at 4.1% after notable drop in prior session after soft US retail sales. Gilts 2 bps lower. Dollar weaker, with biggest move versus yen. Oil gains, gold higher. Industrial metals gain. Bitcoin lower. Asia equities buoyed again by another positive finish on Wall Street overnight with the added tailwind of a weaker dollar/higher regional currencies. Several prominent Asia currencies are strengthening, among them we see the yen, almost 1% stronger on little fresh newsflow, the AUD on hawkish RBA comments, and the offshore yuan, which advanced to a near three-year high. Companies Mentioned: Warner Bros, Discovery, Netflix, Mattel, ConocoPhilips

Gilts rebounded from earlier losses on Monday afternoon, and Novo Nordisk is suing US telehealth company Hims & Hers over ‘knock-off' versions of its weight-loss drugs. Plus, France's central bank chief is stepping down early, and US senators are pushing proposals to lift bank deposit insurance limits to avoid another Silicon Valley Bank debacle. Mentioned in this podcast:Gilts stabilise after cabinet voices support for Keir StarmerNovo Nordisk sues Hims & Hers over copycat weight-loss drugsNovo Nordisk faces more gloom from price cuts in crowded anti-obesity drugs marketFrench central bank governor to step down earlyCan the US crack the formula for ending bank runs?Note: The FT does not use generative AI to voice its podcasts Today's FT News Briefing was hosted and produced by Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT's Global Head of Audio. The show's theme music is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

European bourses are mostly firmer, US equity futures are flat/incrementally higher.DXY is flat awaiting Retail Sales/ECI, JPY bid alongside JGB stabilisation whilst NOK gains post-inflation.Fixed rebounds from Monday's pressure into data & supply; Gilts outperform as PM Starmer pushed back on calls to resign.WTI and Brent mildly lower, XAU remains above USD 5k/oz; Copper muted heading into Chinese festive period.Looking ahead, highlights include US NFIB (Jan), Weekly ADP, ECI (Q4), Retail Sales (Dec) & EIA STEO. Speakers include Fed's Hammack & Logan, Supply from the US. Earnings from Coca-Cola, S&P, Gilead, Robinhood, Welltower, Datadog, Ford, AIG, Xylem.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

China is reportedly urging banks to curb USTs exposure amid market risk, Bloomberg reports, citing sources; guidance does not apply to China's state holdings of US Treasuries.Japanese PM Takaichi's LDP party won a landslide victory at the snap election on Sunday, securing a super majority; JPY bid, JGBs lower and Nikkei 225 soars.European bourses are broadly firmer, whilst US equity futures move lower; Nikkei 225 soars post-LDP victory.USD hit on China-USTs report, JPY strengthens post-LDP, whilst GBP lags on regional political woes.JGBs set a bearish tone for global fixed income, with USTs also dragged on the China-USTs report; Gilts digest the McSweeney resignation and reports that PM Starmer faces further pressure to resign.WTI and Brent are flat. Precious metals continue to rebound as the PBoC buys gold for a 15th consecutive month.Looking ahead, highlights include US Consumer Inflation Expectations (Jan), BoC Market Participants Survey. Speakers include ECB's Lane & Lagarde, Fed's Waller & Bostic, Earnings from Apollo, Becton Dickinson, Loews, On Semiconductor & Cleveland-Cliffs.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

On this week's Merryn Talks Money markets round up, Bloomberg senior reporter, John Stepek is joined once again by Bloomberg Opinion columnist Marcus Ashworth. The pair analyse the Bank of England’s latest interest rate decision and look at what lies behind the Bank's suddenly dovish turn. They also discuss the AI triggered software stock sell off. Editor’s note: Bloomberg LP, the parent of Bloomberg News, competes with LSEG and others mentioned in this podcast in providing financial data and news. Bloomberg Law sells legal research tools and software.See omnystudio.com/listener for privacy information.

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

European bourses are broadly on the backfoot; US equity futures mixed, but the NQ outperforms, as chip names benefit from Alphabet boosting AI spending.DXY is mildly firmer, with G10s lower to varying degrees; Aussie hampered by pressure in metals, GBP lags into BoE.Fixed income benchmarks are mixed; USTs incrementally firmer, whilst Gilts underperform on political woes.Crude benchmarks slip with US-Iran meeting confirmed, Spot gold moves lower, silver -10.5%.Looking ahead, highlights include US Challenger (Jan), Weekly/Continuing Jobless Claims, Revelio PLS, ECB Announcement, BoE Announcement & MPR, Banxico Announcement, CNB Announcement. Speakers include BoE's Bailey, ECB's Lagarde, Fed's Bostic, BoC's Macklem & RBA's Bullock.Earnings from Amazon, Strategy, Roblox, Reddit, Bloom Energy, ConocoPhillips, Bristol Myers Squibb, Barrick Mining, Cigna.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

US equity futures firmer with S&P pointing up. US yield down on both short and long ends. Gilts up, dollar is softer, oil is down, gold up. Industrial metals higher. Bitcoin extends recent move back. Asia equities ended mostly higher again Tuesday and European equity markets are mostly firmer, following Monday's positive close. Market is looking through recent geopolitical developments. Strength in cyclicals, tech gains and resource stocks supporting regional equity markets. Defense stocks benefiting from geopolitics and ongoing push across Europe to ramp up defense spending. In general, sentiment positive, with leading benchmarks have been extending to new record highs on Monday. Sell-side remains optimistic on outlook amid stable macro picture, better earnings expectations.Companies mentioned: NVIDIA, Hyundai Motor

US President Trump is to give an address to the nation on Wednesday night, live from the White House at 21:00EST (02:00GMT Thursday). White House Press Secretary said that Trump's address will be about accomplishments, while he will talk about what's to come and maybe tease new year policies.European bourses are mostly stronger this morning, with US equity futures also posting modest upside.DXY is firmer, the GBP has been hit after the UK's cooler-than-expected inflation report, which near-enough cements a BoE cut this week.Gilts outperform on the UK's data whilst USTs hold a downward bias.Crude benchmarks reverse Tuesday's losses following the blockade of Venezuelan oil tankers and reports of new Russian energy sanctions if Russia rejects the peace deal; XAU and Copper trading with slight gains.Looking ahead, highlights include Fed's Waller, Williams & Bostic, Supply from US, Earnings from Micron, New Zealand GDP (Q3).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

US S&P futures slightly firmer but Nasdaq lower. European opened with modest gains and Asian's broadly higher. Bond yields mixed. US 10-year up 2 bps at 4.2%. Gilts off 1 bps at 4.5% after soft UK data. Dollar slightly firmer versus yen and sterling, softer elsewhere. Oil up. Gold edges higher. Industrial metals mixed. Bitcoin gains. Economists are aligning views with ECB Executive Board member Schnabel that next move in rates is likely to be a hike. Bloomberg survey of economists showed 60% of respondents think the ECB is more likely to raise rates than lower them, which is a meaningful shift from October when only a third shared that outlook. However, rate hikes will not likely come anytime soon with the majority expecting deposit rate to remain at 2% for the next two years. Rationale for extended period of unchanged policy is the improving macro backdrop.Companies Mentioned: Destination XL Group, Citigroup, Warner Bros. Discovery, Paramount Skydance

Classic Worship

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

US equity futures trending lower with S&P 500 down a little. Asia equities ended mixed while Europe opened with declines. Treasury yields higher. Gilts add 3 bps to 4.5%. Bund 3 bps firmer at 2.7%. Dollar softer versus yen and euro, firmer elsewhere. Oil gains, with WTI crude around 2% higher. Gold firmer. Industrial metals higher. China official manufacturing PMI inched up to 49.2 in November from 49.0 in prior month, in-line with consensus. Underlying components showed improvement with output swinging back to neutral. New orders and new export order declines narrowed amid stabilization in domestic and external demand. Pricing measures indicative of ongoing margin pressures with raw material costs quickening. Non-manufacturing PMI fell to 49.5 from 50.1 and below consensus 50.0, marking first contractionary read since China came out of Covid lockdowns in late 2022.Companies Mentioned: UnitedHealth Group, Netflix, Warner Bros, BlackRock, Brookfield, Apollo

US President Trump thinks they are getting very close to a deal on Ukraine, while he separately commented that they are making progress and Ukraine is happy.European bourses are entirely in the green, with the FTSE 100 (+0.2%) trading cautiously ahead of the UK Autumn Budget; US equity futures are modestly firmer.DXY is essentially flat, NZD outperforms after the RBNZ cut rates by 25bps (as expected), but projections suggest a pause throughout 2026.JPY initially strengthened on reports that the BoJ is preparing markets for a possible hike as soon as December, although one of the sources noted that the decision between hiking in December or January remained a close call; JPY is now lower vs USD.Bonds are on the backfoot, paring recent upside; Gilts initially lagged, but now trading in-line with peers as traders eye Chancellor Reeves.Crude is a little lower as focus remains on Russia/Ukraine peace talks, 3M LME Copper surges.Looking ahead, highlights include US Dallas Fed (Oct), Jobless Claims (w/e 22 Nov), UK Autumn Budget, Fed Beige Book, Speakers including ECB's Lane & Lagarde, Supply from the US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

US equity futures are firmer with S&P up 0.7%. European equity markets are firmer and Asian markets mostly higher. For US, bonds are steady to firmer after rallying last week. US 10-year at 4.1%. Gilts 2 bps lower at 4.5%. Dollar is firmer versus yen, sterling and Swiss franc, slightly softer versus euro and Aussie. Oil down. Gold lower. Industrial metals mixed. Bitcoin firmer.Companies Mentioned: SITE Centers, Stellantis, Blue Owl Capital, Nvidia

Following the supplementary budget announced in Japan on Friday, Derek Halpenny, Head of Research Global Markets EMEA & International Securities sits down with Jack Greenslade in Corporate FX Sales to discuss the details of the package what it means for JGB issuance plans going forward and the possible impact on JGB yields and the yen. Looking ahead of next week Derek and Jack discuss the UK budget announcement scheduled for Wednesday 26th November and what will be key for Gilts and the pound.

The Trump administration has been secretly working in consultation with Russia to draft a new plan to end the war in Ukraine, according to Axios sources; Politico reported that US officials are close to unveiling a major new peace agreement with Russia to end the Ukraine conflict.The White House confirmed that US President Trump is set to speak at the US-Saudi investment forum on Wednesday at 12:00 EST (17:00 GMT) in Washington.US Treasury Secretary Bessent said US President Trump may announce the next Fed Chair before Christmas, via Fox News.European bourses are trading on either side of the unchanged mark, whilst US equity futures gain ahead of NVIDIA.USD is modestly firmer into FOMC Minutes, USD/JPY rises above 156.00 after Finance Minister Katayama said there were no specific discussions on FX with BoJ Governor Ueda.Bonds initially bid by a subdued risk tone, but now hold a downward bias sentiment improves; Gilts briefly boosted by CPI, but then come under marked pressured.Crude complex is modestly lower with Zelensky's delegation in Turkey, XAU returns above USD 4100/oz.Looking ahead, US International Trade (Aug), FOMC Minutes, Fed's Williams, Logan, Barkin, Miran; BoE's Dhingra, supply from the US. Earnings from NVIDIA.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Goldman Sachs is on track to notch its best performance in the global deals market in 24 years. Plus, what UK gilt markets are looking for after Friday's selloff, and how Spain's deficit is set to fall below Germany's for the first time in two decades. And, the government shutdown has posed complications for US economic data collection. Mentioned in this podcast:Goldman Sachs on brink of best M&A performance in 24 yearsUK politics as it happened — Gilts sell off on tax plan U-turnUS economic outlook obscured by shutdown-triggered data gapSpain's deficit to fall below Germany's for the first time in two decadesUK to launch first lead poisoning screening study of children after FT investigationToxic legacy: uncovering the threat of lead poisoningToday's FT News Briefing was produced by Julia Webster, Sonja Hutson, and Marc Filippino. Our show was mixed by Alexander Higgins. Additional help from Peter Barber. The FT's acting co-head of audio is Topher Forhecz. The show's theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

European equities opened broadly lower, with all major indices in the red as sentiment soured following weakness in APAC trade; FTSE 100 lags.US equity futures are weaker across the board in pre-market trade as Tech continues to lag on valuation concerns. GBP/USD is in focus this session following reports that Chancellor Reeves has scrapped plans for an income tax rate hike, a move seen as increasing fiscal risks ahead of the November 26th budget.Gilts experienced a volatile session, with the benchmark plunging from 93.37 to 92.07, but has since rebounded modestly on reports around UK forecasts.UKMTO notes of incident off the coast of UAE's Khor Fakkan [near the Strait of Hormuz], believed to be state activity; Vessel is transiting towards Iranian territorial waters.Looking ahead, speakers include ECBʼs Cipollone & Lane, Fedʼs Bostic, Schmid & Logan. Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

US House to vote on a bill which could end the shutdown and keep the government funded through January 2026.European bourses are broadly firmer and continue to make highs, US equity futures also gain with the RTY (+1%) outperforming.USD is firmer ahead of a slew of Fed speakers, GBP pressured on political uncertainty; JPY lags.Global bonds are softer given the risk tone, Gilts lag with PM Starmer pressured into PMQs.Crude benchmarks pull back after Tuesday's gains, XAU remains rangebound.Looking ahead, highlights include BoC Minutes (Oct), EIA STEO, OPEC MOMR, Speakers including ECB's de Guindos, Fed's Paulson, Bostic, Williams, Waller, Miran, Collins; US Treasury Secretary Bessent. Supply from the US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk