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Spain January manufacturing PMI 50.9 vs 53.3 expected
Latest data released by HCOB - 3 February 2025
EUR

European indices marked lower at the open as Trump tariffs weigh on the market mood
It's shaping up to be quite a rough start to the new month for stocks
Stocks

ECB's Villeroy: There will likely be further rate cuts
European Central Bank (ECB) policymaker Francois Villeroy de Galhau said on Monday that US President Donald Trump's tariffs will increase economic uncertainty, calling it a "very worrying development," as reported by Reuters.
ECB
CentralBanks

IG to Repurchase £50 Million Shares in Third Buyback Tranche
IG Group Holdings plc (LSEG: IGG ) announced today (Monday) the commencement of the third tranche of its share buyback program, allocating up to £50 million for capital reduction purposes.

ECB's Villeroy: Trump tariffs is a very worrying development
Remarks by ECB policymaker, Francois Villeroy de Galhau
ECB

What are the main events for today?
The highlights include the Eurozone CPI, the US ISM Manufacturing PMI and Trump's talks with Canada and Mexico.
market overview

FX Trading Volumes Jump 21% as Global Markets Start 2025 Strong
The first month of 2025 proved relatively strong for institutional FX markets. Trading volumes at major centers rebounded for another consecutive month across Asia, the United States, and Europe.

Market Outlook for the Week of 3rd - 7th February
The highlights of the week include inflation in the eurozone, BoE monetary policy announcement and labor market data in Canada and the U.S.
GBP
CAD
USD

Eurostoxx futures -2.6% in early European trading
A rough start to the new month for equities
Stocks


America First, Crypto Later: Ether, XRP, DOGE Plunge 20% amid Trump’s Tariffs
The cryptocurrency market is witnessing a bloodbath. Most coins have lost their value by double digits in the last 24 hours due to US President Donald Trump’s tariffs on Canada and Mexico.
cryptocurency
donald trump

Japan’s Akazawa: Underlying inflation is approaching 2%
Japan's Economy Minister Ryosei Akazawa said on Monday that the officials aim to reach the 2% Bank of Japan’s (BoJ) inflation goal and plan measures to mitigate the impact of increasing living costs.
Japan
Macroeconomics
CentralBanks
BOJ

Elon Musk says Trump administration can cut $1 trillion out of the US deficit next year
In the post-Covid world, really? Really?
USD

Japan economy minister says underlying inflation is approaching 2%
Remarks by Japan economy minister, Ryosei Akazawa
JPY

Dollar well in charge in wild start to the new week
Tariff man came and did his thing and it's riling up markets
USD

Silver Price Forecast: XAG/USD retreats below $31.00 as US Dollar climbs on Trump tariffs
Silver price (XAG/USD) tumbles to near $30.90 during the early European trading hours on Monday.
Silver
Commodities
XAGUSD

Former FXCM Marketing Executive Ross Soodoosingh Joins Trading Platform Provider
Ross Soodoosingh, a former executive at FXCM, has joined Zurich-based Swiset, a trading solutions provider, as a Strategic Advisor, he announced on LinkedIn recently.

Wall Street Journal reports China promises not to devalue the yuan
And other proposals
CNY
China Stock Market
China
CNH

FX option expiries for Feb 3 NY cut
FX option expiries for Feb 3 NY cut at 10:00 Eastern Time via DTCC can be found below.
Currencies
Options

There is an OPEC+ (JMMC) meeting scheduled for today, to review current market conditions
Should be an interesting one!
Oil

ForexLive Asia-Pacific FX news wrap: Trump tariff war triggers USD surge, ‘risk’ slump
Forex news for Asian trading on Monday, February 3, 2025
Session wrap
Wrap Asia

ForexLive Asia-Pacific FX news wrap: Trump tariff war triggers USD surge, ‘risk’ slump
Forex news for Asian trading on Monday, February 3, 2025
Session wrap
Wrap Asia

Federal Reserve speakers on Monday include Bostic and Musalem
Let's hope they have something to say on tariffs!
Fed

JP Morgan on Trump tariffs - reinforce their bullish view on gold
Well, at least they're getting a dip to buy into if they want

JP Morgan on Trump tariffs - reinforce their bullish view on gold
Well, at least they're getting a dip to buy into if they want

Persistent Trump tariffs mean a minus 5% hit to Canada's economy, Mexico -8%, US -1%
Mitch McConnell says tariffs will "be paid for by UIS consumers"
CAD
USD
MXN

Persistent Trump tariffs mean a minus 5% hit to Canada's economy, Mexico -8%, US -1%
Mitch McConnell says tariffs will "be paid for by UIS consumers"
CAD
USD
MXN

AUD/USD dipped under 0.61
Trump tariff trade war on China, Canada and Mexico is triggering a rout in 'risk'
AUD

Bank of Canada will implement six consecutive quarter-point interest rate cuts
Will take the policy rate to 1.5% by October
BOC
CAD

NZD/USD attracts some sellers to below 0.5550 amid US tariff trade tensions, weaker Chinese PMI data
The NZD/USD pair faces some selling pressure to near 0.5545 during the Asian trading hours on Monday.
NZDUSD

China's Caixin Manufacturing PMI falls to 50.1 in January vs. 50.5 expected
China's Caixin Manufacturing Purchasing Managers' Index (PMI) dropped to 50.1 in January from December’s 50.5, the latest data showed on Thursday.
China
PMI
Manufacturing
EconomicIndicator
AUDUSD

Caixin China Manufacturing PMI (January 2025) 50.1 vs. expected 50.5
December was 50.5
CNY
China Stock Market
China
CNH

Caixin China Manufacturing PMI (January 2025) 50.1 vs. expected 50.5
December was 50.5
CNY
China Stock Market
China
CNH

Goldman Sachs says the medium term risks to oil prices is skewed to the downside
Also say they don't think tariffs will be around in the medium term. Go figure.
Oil

Goldman Sachs says the medium term risks to oil prices is skewed to the downside
Also say they don't think tariffs will be around in the medium term. Go figure.
Oil

AUD/USD falls to to its lowest since early 2020
Trump tariff trade war impacts continue to reverberate in Asia markets
AUD

AUD/USD falls to to its lowest since early 2020
Trump tariff trade war impacts continue to reverberate in Asia markets
AUD

US TreasSec Bessent said tariffs inflationary, not good "for a US industrial renaissance”
US Treasury Secretary Scott Bessent was honest with his investors at least
Bonds
SPX
Nasdaq
USD