Daily European Opening News – Show Notes (12th September 2025)Welcome to today’s current market and news briefing — your focused look at FX, commodities, trade, and geopolitics as Europe kicks off the trading day.FX & Currency MarketsThe US dollar is attempting to steady after a sharp drop triggered by higher-than-expected jobless claims, which led markets to price in 71bps of Fed rate cuts by year-end.EUR/USD is holding gains, supported by a softer dollar and slightly hawkish ECB tone.GBP/USD has eased slightly ahead of key UK data including GDP and industrial production.USD/JPY is ticking higher amid a lack of safe-haven demand for the yen.Antipodeans remain near recent highs, while the PBoC set USD/CNY at 7.1019, a touch firmer than forecast.CommoditiesCrude futures are sliding after breaking a three-day winning streak.The US is pressing G7 allies to impose high tariffs on China and India over Russian oil purchases.Japan announced a cut to the price cap on Russian crude.Canada is negotiating with energy producers on potentially scrapping the federal oil & gas emissions cap in exchange for deeper carbon-reduction commitments.Gold and silver are gaining on dollar weakness, with silver above USD 42/oz.Copper futures remain firm alongside positive global sentiment.Trade & TariffsUS Treasury Secretary Bessent will meet Chinese Vice Premier He next week in Madrid to discuss national security, economic, and trade issues, including TikTok and AML cooperation.China warned that Mexico’s planned tariffs would damage its business environment and pledged countermeasures.Taiwan reported progress in its trade talks with the US and is pushing for more balanced agreements.The US nominee for ambassador to India signaled that Washington is close to resolving outstanding “hiccups” in its relationship with India — reiterating calls for India to stop buying Russian oil.GeopoliticsMiddle East:Israeli PM Netanyahu signed an agreement to expand West Bank settlements near Jerusalem.Qatar’s PM condemned an Israeli strike in Doha, calling it a violation of sovereignty and a threat to peace efforts.Russia-Ukraine:Ukrainian President Zelensky discussed sanctions and joint weapons production with US envoy Kellogg.Japan expanded sanctions on Russia, including new asset freezes and lower price caps on Russian crude.The US is urging the G7 to adopt new measures on Russian oil, though EU officials doubt 100% tariffs on China and India are likely.Wrap-UpThese are the key developments shaping the trading day. Watch for incoming European and US data releases, as well as ongoing trade negotiations and geopolitical headlines, which are likely to drive market direction.

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