The Premarket Movers & News by Newsquawk

US President Trump is to announce actions against China today in response to the HK bill – timing currently unknownPOTUS is reportedly to cancel visas of some Chinese students with links to the PLA, WSJChina's Foreign Ministry reiterates they are determined to take countermeasures against the US in

Asia-Pac indices mostly declined following the late selling pressure on Wall St. after President Trump announced a press conference on China later todayNEC Director Kudlow reiterated that the Phase One US-China trade deal is still on for nowUS President Trump signed an executive order on social medi

China's Parliament has voted to approve the Hong Kong National Security Bill, as expected while the US House passed bill calling for sanctions on Chinese officials related to the crackdown on Uighur minorities as expectedChinese Gov’t advisors say Beijing is “prepared for the worst case scenario” wi

Asian equity markets traded mixed as China concerns counterbalanced the momentum from a firm Wall St handoverUS Secretary of State Pompeo said he has certified to Congress that Hong Kong is no longer autonomous from ChinaUS President Trump administration is reportedly considering suspending Hong Kon

EU Commission are reportedly to mobilise EUR 750bln for the recovery fund, with EUR 500bln in grants & EUR 250bln in loans; additionally, to propose a budget of EUR 1.1trlSentiment strengthened on these reports with stocks, alongside US futures, climbing to session highs alongside EU periphery b

Major US indices finished higher although staggered heading into the close after reports the US is considering sanctions on Chinese officials and firmsUS President Trump said we will hear about US actions on China by the end of the weekThe DXY nursed the prior day’s losses to reclaim the 99.00 handl

Sentiment remains strong with the e-mini S&P above the 3k handle as US futures outperform their European bourses in a relatively quiet sessionNovavax (NVAX) reports that it has begun a clinical Phase 1 trial of a COVID-19 vaccine candidateOn Brexit, the EU are preparing to drop its "maximalist"

Asian equity markets began the week mostly higher following last Friday’s recovery on Wall St. where the US major indices gradually clawed back opening lossesThousands of protesters rallied in Hong Kong on Sunday against China’s national security lawUS announced it will include 33 Chinese firms and

China’s NPC meeting confirmed no GDP target for 2020 & reiterated intentions to implement the Phase One US-China dealChina's draft Hong Kong legislation stated that Hong Kong should finish enacting as soon as possible the regulations in basic law regarding national security; HK activists reporte

Asian indices weakened as markets digested today's key events including the BoJ off-schedule meeting and start of China's NPCChina omitted setting a GDP growth target for this year due to coronavirus, as well as uncertainties surrounding economy and tradeChina's draft Hong Kong legislation stated th

European bourses continue to move further into negative territory after a subdued APAC session as US-China rhetoric ramped up; Stateside, futures are also softer but by a smaller magnitudeUS President Trump suggested China could have stopped the COVID-19 plague and that China’s disinformation and pr

Asian equity markets struggled to sustain the impetus from the rebound on Wall St where stocks were underpinned by hopes of a pick-up in economic activityUS President Trump alleged the incompetence of China was behind the “mass worldwide killing” and that China’s disinformation and propaganda attack

European bourses, and sentiment in general, has been choppy this morning but continues to drift higher ahead of the entrance stateside; US futures outperform with gains over 1%Lowe’s (LOW) beat on EPS & revenue this morning as did Target (TGT) however they declined to provide FY guidanceFX sees

Asian equity markets traded indecisively following the soured mood on Wall St amid ongoing US-China tensions and a disappointing drug updateModerna (MRNA) COVID-19 vaccine reportedly did not produce data critical to assessing the vaccine, according to STAT News citing expertsIn FX markets, the DXY o

Sentiment has slipped on a few factors with trade in focus and as the European short-selling ban has been removed; US futures are subdued ahead of PowellWTI has been firmer for much of the session but has slipped marginally into negative territory on the day ahead of today’s June’20 future expiryFX,

Asian equity markets were higher across the board as the region took impetus from the global stock rallyGermany and France proposed a EUR 500bln recovery fund and to give grants–not loans–to member statesWhite House spokesperson called China's USD 2bln pledge to the WHO a "token" to distract from Ch

Sentiment has strengthened following a hefty weekend of central bank speak notably from Fed Chair PowellFed Chair Powell reiterated the US will not have negative interest rates and post coronavirus recovery could last through 2021; not out of ammo & suggested there are no limits to what we can d

Asia-Pac bourses mostly began the week with mild gains and US equity futures extended on their reboundFed Chair Powell reiterated the US will not have negative interest rates and post coronavirus recovery could last through 2021President Trump commented that he has lost a little flavour for the Chin

European bourses were extending on opening gains but Huawei reports waylaid this; sending US futures into negative territoryUS is moving to prevent Huawei from acquiring semiconductors and chip-sets made using US software/technology, Commerce Department; expects this will be the final '90-day extens

Asian equity markets initially traded indecisively before moving into broadly positive territoryThe session saw mixed Chinese data in which Industrial Production topped estimates but Retail Sales disappointedThe DXY traded choppy beneath resistance at 100.50, EUR/USD rangebound above 1.0800, GBP/USD

European bourses follow, and extend on, the negative APAC lead; US futures have been either side of U/C throughout the sessionUS President Trump is reportedly looking into Chinese Co’s listed on NYSE and NASDAQ, adds he is very disappointed in China and reiterated preference for NIRPTrump said it is

Asian stocks traded negatively with global risk appetite dampened by ongoing US-China tensions and questions about reopening effortsChina will soon impose countermeasures on US individuals and entities filing lawsuits seeking COVID-19 damages from China, according to sourcesUS President Trump extend

European bourses remain in proximity to negative opening levels while US futures are modestly firmer ahead of Fed Chair Powell before the openUS Republican Senators proposed legislation which would empower President Trump to impose sanctions on China if it does not provide a "full accounting" for th

Asian equity markets were mostly negative following the late slump on Wall St. with sentiment soured over second wave fears and US-China tensionsRepublican Senators proposed legislation which would empower President Trump to impose sanctions on China if it does not provide a "full accounting" for th

European bourses opened marginally lower but have since been bolstered as US participants enter the fray; US futures firmer as suchUS President Trump stated he is not happy with China and that he is not interested in reopening the US-China trade dealChina's Finance Ministry have released a second li