EU Market Open: Crude falls following US strike on Venezuela; European equity futures point to positive open

US President Trump's team is working up a sweeping plan to control Venezuelan oil for years to come, according to WSJ.US President Trump posted that Venezuela is going to be purchasing only American-made products with the money received from the new oil deal with the US.European and US equity futures are broadly on the backfoot; China is to reportedly approve some NVIDIA H200 purchases as soon as this quarter.DXY incrementally firmer awaiting further jobs data after an early Challenger Layoffs release; Antipodeans lag.Fixed income faltered as risk sentiment saw a fleeting recovery; Spain and France auctions passed without issue.Crude rebounds following after recent losses with newsflow quiet; Precious metals on the backfoot once again in quiet newsflow.Looking ahead, highlights include US Initial Jobless Claims, RevelioLabs Total US Nonfarm Employment Data, Comments from Fed's Miran.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks eventually traded mostly negative following a similar handover from Wall Street, where the S&P 500 and DJIA pulled back from record highs.USD/JPY saw two-way trade with early upside as Japanese yields ticked lower following softer-than-expected wage data from Japan, but then reversed course as the negative risk tone in Japan spurred some mild haven currency flows.US President Trump's team is working up a sweeping plan to control Venezuelan oil for years to come, according to WSJ.US President Trump posted that Venezuela is going to be purchasing only American-made products with the money received from the new oil deal with the US.European equity futures indicate a softer cash market open with Euro Stoxx 50 futures -0.4% after the cash market closed with losses of 0.1% on Wednesday.Looking ahead, highlights include Swedish CPI (Dec), Swiss CPI (Dec), US Initial Jobless Claims, RevelioLabs Total US Nonfarm Employment Data, Chinese Inflation (Dec), SNB Minutes, ECB SCE, BoE DMP, Comments from ECB's de Guindos, Supply from Spain & France.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Crude pressured after US President Trump announced that Venezuelan authorities will be turning over 30mln-50mln barrels of oil to the US.China's Commerce Ministry announced an anti-dumping probe into Japan Dichlorosilane imports; a key material used during chip manufacturing.European and US equity futures are mixed; NVIDIA (NVDA) CEO says Chinese demand for its AI chips is quite high.Choppy but contained FX trade as markets await economic data; Aussie initially pressured on inflation but now flat, given headline & core metrics remain above the RBA’s 2-3% target.Global fixed paper are firmer as the European risk tone slips; Bunds digest EZ HICP and supply.Looking ahead, highlights include, US ADP, ISM Services PMI (Dec), JOLTS (Nov), Comments from Fed's Bowman.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded somewhat mixed as momentum began to wane despite the fresh record levels on Wall Street.Nikkei 225 lagged amid Japan's frictions with China after the latter imposed export controls on dual-use items to Japan.Spot gold pulled back from resistance at the USD 4,500/oz level, with some mild selling pressure seen across the commodities complex.US President Trump announced that Venezuelan authorities will be turning over 30mln-50mln barrels of oil to the US.Russia sent a submarine to escort a tanker the US tried to seize off Venezuela, according to WSJ.Looking ahead, highlights include German Retail Sales (Nov), Italian CPI Prelim (Dec), Eurozone HICP Flash (Dec), US ADP, ISM Services PMI (Dec), JOLTS (Nov), Comments from Fed's Bowman, Supply from Germany & UK.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

US President Trump is scheduled to deliver remarks at a GOP member retreat at 10:00EST/15:00GMT on Tuesday and will participate in a meeting at 14.30EST/19:30GMT on Tuesday.China Commerce Ministry imposes export controls on dual-use items to Japan, effective immediately.European bourses are mostly firmer; US equity futures are mixed, with the RTY under slight pressure.Mostly uneventful trade across G10s but EUR subdued post-PMI & German State CPI.Bonds initially pressured before EGBs benefitting from German State CPIs ahead of the 13:00GMT mainland print.Crude initially lower but now a touch in the green; XAU extends on Monday's gains as Copper reaches another ATH.Looking ahead, German CPI (Dec), US S&P PMI Final (Dec), Speakers including Fed's Barkin, US President Trump, Fed Discount Rate Minutes.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were mostly higher following the positive handover from Wall Street, where all major indices gained amid outperformance in energy and a softer yield environment.US President Trump is scheduled to deliver remarks at a GOP member retreat at 10:00EST/15:00GMT on Tuesday and will participate in a meeting at 14.30EST/19:30GMT on Tuesday.Witnesses reportedly heard loud blasts near the Presidential Palace in Caracas, Venezuela, according to Bloomberg's Erik Wasson. There were then reports of a shooting near the Presidential Palace in Caracas, although the Venezuelan government said the situation was under control.NVIDIA (NVDA) CEO said there is strong demand from China for H200 chips, while he added that the Co. has applied for licenses to ship H200 chips to China, and the US government is working to process them.European equity futures indicate a mildly positive cash market open with Euro Stoxx 50 futures up 0.1% after the cash market closed with gains of 1.3% on Monday.Looking ahead, highlights include French CPI Prelim (Dec), German CPI Prelim (Dec), US S&P PMI Final (Dec), Speakers including ECB's Cipollone & Fed's Barkin, Fed Discount Rate Minutes, Supply from Germany & US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

US President Trump announced on Saturday that the US successfully carried out a large-scale strike against Venezuela, while he added that President Maduro and his wife were captured and flown out of Venezuela.US President Trump said they are ready to stage a second strike if necessary and had assumed a second wave was needed, but now probably not.US President Trump signalled the US could widen its focus in the region to Cuba, and he will be meeting with House Republicans in a closed-door meeting on Tuesday. Further, Trump said it “sounds good” to him regarding whether there will be an operation in Colombia.European bourses are broadly in the green; US equity futures are mixed, with outperformance in the NQ. ASML +3% named top pick at Bernstein.DXY firmer on haven appeal, G10s subdued across the board to various degrees; Global fixed income slightly firmer with non-geopolitical updates somewhat light, ISM ahead.Choppy price action in the crude complex as geopolitics remain in focus; XAU gain on safe-haven demand; Copper raises following strength in the semiconductor sector.Looking ahead, highlights include US ISM Manufacturing PMI (Dec).Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

US President Trump announced on Saturday that the US successfully carried out a large-scale strike against Venezuela, while he added that President Maduro and his wife were captured and flown out of Venezuela.US President Trump said they are ready to stage a second strike if necessary and had assumed a second wave was needed, but now probably not.US President Trump signalled the US could widen its focus in the region to Cuba, and he will be meeting with House Republicans in a closed-door meeting on Tuesday. Further, Trump said it “sounds good” to him regarding whether there will be an operation in Colombia.Crude futures fluctuated and pared most of their earlier losses after initially slumping by more than 1% as participants digested the geopolitical events from over the weekend.APAC stocks were mostly higher as the region shrugged off the US strike on Venezuela and resumed last year's semiconductor-led rally which lifted the KOSPI to a record high; European equity futures indicate a higher cash market open with Euro Stoxx 50 futures up 0.7%.Looking ahead, highlights include US ISM Manufacturing PMI (Dec).Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

US President Trump warned that the US will “rescue” Iranian protestors if they are shot; the US is “locked and loaded and ready to go”.Ukrainian President Zelensky said they are 10% away from a deal to end the war with Russia but not ‘at any cost’, according to The Independent.Ukrainian authorities in Zaporizhzhia on January 2nd noted of over 700 Russian attacks on the territory of the province "in the past hours", according to Al Jazeera.European bourses were boosted for most of the European morning, but have come off best levels in recent trade; US equity futures gain, with outperformance in the NQ.DXY is slightly firmer, Antipodeans lead whilst the EUR is pressured a touch.Fixed benchmarks are broadly lower, but are off worst levels in quiet trade.Precious metals rebound amid geopolitical updates, Crude focuses on oversupply pre-OPEC.Looking ahead, highlights include, Canadian & US Final Manufacturing PMIs.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Japan is to reduce its new issuance of super-long JGBs next fiscal year to around JPY 17tln, according to Reuters sources.European equity futures are closed as Eurex observes the Christmas Eve holiday. US equity futures are very modestly lower in thin conditions.DXY is flat, JPY is very mildly stronger continuing recent advances.JGBs soft overnight but have been driven higher in recent trade, USTs flat.Crude benchmarks are incrementally firmer, with spot gold also steady.Looking ahead, highlights include US Jobless Claims (w/e 20 Dec), Supply from the US.Note: The Newsquawk desk will run until 18:05GMT/13:05EST on Wednesday, 24th December. FOMC Minutes on 30th December 2025 will be covered. Normal service will resume at 0700GMT/02:00EST on Friday 2nd of January 2026 for the beginning of the European Session. Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk