The Premarket Movers & News by Newsquawk

Asia-Pac bourses showed a positive bias after further disappointing PMIs from China only partially offset the tailwinds from the USYesterday, the S&P 500 and Nasdaq Comp registered fresh all-time highsBoth Caixin Services and Composite PMIs fell into contractionary territoryJapanese PM Suga will

European bourses/US futures are modestly firmer in quiet and rangebound trade before today's US data; ES +0.2%FX sees the DXY lower but still above Wednesday's trough with peers, ex-CHF/JPY, firmerWTI & Brent have recovered from yesterday's downside and the benchmarks are modestly firmer post-OP

Asian equity markets took their cues from a similar indecisive performance statesidePrice action in the FX space is contained as DXY oscillates around the 92.50 markPost-tropical storm Ida continued to cause havoc stateside with NYC declaring a state of emergencyWTI crude futures are slightly lower

European bourses/US futures are firmer but off highs after a cautious APAC handover following Chinese PMIs and before Tier 1 US data; ES +0.3%Chinese Caixin PMI slipped into contractionary territory for the first time since April last yearThe morning's OPEC related sources indicate that they will co

Asian stocks traded cautiously after further disappointing Chinese PMI data and a soft handover from the USThat said, losses on Wall Street were marginal and all major indices registered a seventh consecutive monthly gain for AugustChinese Caixin PMI slipped into contractionary territory for the fir

European bourses are firmer though are off post-EZ CPI highs, Euro Stoxx 50 +0.4%; US futures have pared overnight gains, ES +0.1%Chinese Manufacturing PMI missed estimates, while Non-Manufacturing and Composite PMI both showed a contraction for the first time in 16 monthsThe DXY remains downbeat wi

The S&P 500 and Nasdaq extended on record highs led by growth and techAsian equity markets traded cautiously as participants digested disappointing Chinese PMI dataChinese Manufacturing PMI missed estimates, while Non-Manufacturing and Composite PMI both showed a contraction for the first time i

European equity bourses and US futures are modestly firmer but near unchanged levels in minimal newsflow; ES +0.1%, RTY +0.3%USD is bid but the index remains sub-93.00 as antipodeans and CHF take the brunt of the downside while core debt is marginally firmerChina has unveiled new restrictions on you

MON: UK Holiday (Summer Bank Holiday); German Flash CPI (Aug); EZ Sentiment Survey (Aug)TUE: OPEC+ JTC Meeting; Chinese Official PMIs (Aug); EZ Flash CPI (Aug); Canadian GDP (Q2)WED: OPEC+ Meetings, Australian GDP (Q2); Chinese Caixin Manufacturing Final PMI (Aug); German Retail Sales (Jul); EZ, UK,

Asia-Pac stocks were mostly positive with the region mildly taking impetus from last Friday's gains on Wall StThe S&P 500 and Nasdaq extended on record highs post-PowellIn FX, the DXY remains softer and sub-93.00, EUR/USD has reclaimed 1.18 statusThe SPD has continued to make further gains in th

European bourses are little changed while US futures have a marginal upward bias in limited newsflow pre-PowellFed speak via just Bostic thus far, who stuck to his familiar 'hawkish' language around a taperThe DXY straddles 93.00 and is marginally softer with peers contained; core debt is slightly s

Asia-Pac bourses traded mixed although have shown an improvement compared to the losses in global counterpartsLosses in the US came in the context of recent hawkish Fed rhetoric ahead of Powell and events in AfghanistanThe DXY straddled 93.00 amid a non-committal tone and contained price action in t

European bourses are softer across the board with US futures also pressured albeit to a lesser extent, ES -0.1%DXY is firmer but capped by 93.00 with peers subdued across the board while debt continues to pullback but has stabilised slightly most recentlyFresh newsflow has been sparse and largely on

Asia-Pac stocks traded cautiously amid a deluge of earnings releases and as markets await Jackson HoleUS equity futures trickled lower overnight following another consecutive day of record highs on Wall StThe BoK became the first major Asian central bank to hike rates since the pandemic beganIn FX,

European equity bourses/US futures are essentially unchanged amid minimal newsflow in the European morning; ES +0.1%The DXY has been choppy within ranges and currently sub-93.00 with peers mixed but near-unchanged; debt is downbeat after earlier upside fizzled out in EGBsUS VP Harris suggested that

Asian stocks traded somewhat mixed and failed to fully sustain the early momentum from the USThe S&P 500 and Nasdaq extended on record highs amid notable strength in cyclicalsUS VP Harris suggested that the US needs to increase pressure on Beijing and challenge its bullyingThe House voted to app

US equity futures are firmer off-best levels, with NQ modestly outperforming while European bourses are mixed/lower after a firmer startIn FX, the DXY trades above 93.000, EUR/USD encountered resistance ahead of 1.1750 while Cable briefly lost 1.37 and antipodeans outperformRBNZ's Hawkesby said the

Asia-Pac stocks sustained the momentum from Wall St; US equity futures traded sideways overnightIn FX, the DXY traded on either side of 93.000, EUR/USD encountered resistance ahead of 1.1750, and antipodeans outperformedChinese President Xi Jinping may not attend the G20 summit in Rome at the end of

European bourses are firmer but off-highs, Euro Stoxx 50 +0.3%; US futures have been steady and contained with the RTY outperformingDXY is pressured as activity-FX rebounds from last week's declines, whilst havens lagFlash PMIs were mixed but overall below forecasts - reactions were minimalThe Fed’s

MON: Bank of Israel Policy Decision; UK, EZ and US Flash PMIs (Aug); New Zealand Retail Sales (Jul)TUE: NBH Policy Decision; New Zealand Trade Balance (Jul)WED: German Ifo Survey (Aug); US Durable Goods (Jul)THU: Fed Jackson Hole Symposium (26th - 28th), Australian Retail Sales (Aug), BoK Policy Dec

Asia-Pac bourses were firmer throughout the night; US equity futures also drifted higherIn FX, the DXY marginally pulled back from recent gains, high-betas outperformed, and havens laggedThe Fed’s Jackson Hole Symposium is shifting to a virtual event from the initial in-person formatFed's Kaplan (20

Risk sentiment is slightly softer but performance overall is contained, ES -0.2%, amid limited newsflowDXY is firmer and remains above 93.50, with activity currencies lagging and safe-havens marginally positive once againChina's legislature passed the Personal Information Protection LawFed Chair Pow

The mood in Asia was mostly subdued following on from the losses in European bourses and indecision statesideEnergy was the worst-performing US sector once again as oil retreated for a 6th consecutive day and cyclicals laggedChina's legislature passed the Personal Information Protection LawIn FX, th

Sentiment is firmly risk-off with European equity bourses and US futures pressured ES -0.6%, with USD, safe-haven FX and debt bidFresh newsflow has been minimal and action a continuation of APAC weakness post-FOMC Minutes after a downbeat US closeDXY is firmer but off 93.502 highs as activity/petro-

FOMC minutes suggested that participants generally judge that the standard of "substantial further progress" had not yet been metMost judged that it could be appropriate to start reducing the pace of asset purchases this yearStocks across Asia succumbed to the weakness seen across US peers with glob