The Premarket Movers & News by Newsquawk

Sentiment is bolstered on trade updates; as such, European bourses and US futures are comfortably positive with US futures outperformingUS and China Trade Chiefs are said to plan a phone conversation as soon as next week on progress in implementing the trade dealBoE left rates at 0.1% and maintained

European bourses are overall mixed in a choppy and relatively quiet session so farChina are reportedly considering dropping their numerical GDP growth target for 2020.European Commission Spring Economic Forecasts: EZ 2020 GDP to contract 7.7% before rebounding 6.3% in 2021DXY has reclaimed the 100.0

Asian equity markets traded mixed with the region lacking solid conviction after the choppy price action on Wall StThe DXY heads into the EU open relatively flat, EUR/USD below 1.0850 and GBP/USD below 1.2450The ECB said it takes note of the German court ruling and remains fully committed to its man

German Constitutional Court did not find ECB's PSPP to be in violation of prohibition on monetary financingSentiment has been dented by the German Court ruling, but remains firmer following a strong APAC handoverHowever, GCC ruled that some actions are not valid in Germany relating to the proportion

Asian equities traded positively after taking impetus from the rebound on Wall St where major indices gradually pared initial lossesSenior Trump administration aides have signaled there will not be any economic punishment for China if it sticks to the trade agreement made in JanuaryUniversity of Was

President Trump said tariffs would be the ultimate punishment on China and warned that that if China doesn't buy US goods, the US will end the trade dealUS Secretary of State Pompeo stated that there is enormous evidence that the coronavirus outbreak originated in a laboratory in WuhanSentiment is s

Asian equity markets began the week mostly lower as concerns mount over US-Chinese tensions and activity at the inter-Korean borderUS President Trump said tariffs would be the ultimate punishment on China and warned that that if China doesn't buy US goods, the US will end the trade dealUS Secretary

European bourses are predominantly closed given Labour Day, while the FTSE 100 is down over 2% with US futures posting similar lossesUS President Trump said the China trade deal is now secondary to what China did regarding the virus and that he has seen evidence the virus had originated from Wuhan I

The tone in Asia was subdued owing to the mass closures in the region for Labor Day and the negative handover from Wall StUS futures were pressured after-hours following mega-cap earnings from Amazon and AppleUS President Trump said that he has seen evidence the virus had originated from Wuhan Insti

European bourses are subdued after a modestly positive start; FTSE 100 & energy names after Shell cut quarterly dividendUS President Trump said China will do anything they can for him to lose the 2020 election and stated the US is looking at different options regarding consequences for ChinaChin

Asian equity markets traded positively as the region took impetus from the gains on Wall St where sentiment was underpinned by coronavirus treatment hopesFOMC left rates unchanged via unanimous decision and is to continue asset purchases in amounts needed to support market functioning and policy tra

European bourses are modestly firmer after a flat/mixed open, US futures are slightly firmer than EU peers ahead of large-cap earnings, US GDP/PCE & FOMCUS Senate Majority Leader McConnell said he is certainly open to considering more aid for state and local governmentsFitch downgraded Italy by

Asian equity markets were mostly higher and US equity futures also recovered from the tech-led declines on Wall StAlphabet shares were seen higher by around 8% after hours post-earnings as revenues topped expectationsFitch downgraded Italy by one notch to BBB-; Outlook Stable. Italy says that econom

European bourses initially opened unchanged but have strengthened significantly in what has been a relatively quiet session ahead of upcoming risk eventsFed expanded scope and duration of municipal liquidity facility and increased the duration of eligible securities to 3 years from 2 yearsFX sees th

Asian equity markets were mixed as a deluge of earnings and continued oil rout offset the momentum from Wall St.The DXY was marginally firmer after support at the 100.00 level just about held but with price action limitedPresident Trump suggested the US is not happy with China and is doing a serious

European bourses are stronger this morning following the APAC lead, US futures are firmer but to a lesser extent ahead of Fed and on the busiest week of earnings this quarterBoJ kept NIRP at -0.1% and long term JGB yield target at around 0% but pledged to buy unlimited JGBs and increased its purchas

Asian equity markets were mostly positive with sentiment underpinned by optimism regarding the reopening of global economiesUS government trial of Gilead's (GILD) Remdesivir is running ahead of schedule and results from the trial could be possible by mid-MayUK PM Johnson could announce plans for eas

Sentiment is divergent: bourses subdued in Europe after EU leaders meeting while US futures firm upUS House voted to pass the USD 484bln coronavirus package bill as expected; Trump to sign in a noon ceremonyEUR weakness initially boosted the USD, but the DXY has yet to eclipse early April highs at 1

Asian equity markets traded mostly negative following the lacklustre handover from US where major indices retraced their initial oil-inspired gainsThe DXY was firmer overnight and back above 100.50 as the soured risk tone helped the safe-haven claw back the lost groundGilead's Remdesivir reportedly

European bourses are marginally softer at present, dented on abysmal PMI numbers and ahead of the EU Leaders meetingEU recovery plan could trigger EUR 2tln of spending and investment, recovery find would allow Commission to raise EUR 320bln on the marketEU is looking to launch the recovery fund on 1

Asian equity markets mostly benefitted from the more constructive handover from Wall St where sentiment rebounded in tandem with oil pricesIn FX, the DXY remains above 100.00, EUR/USD flat, Cable sits above 1.2350The ECB announced that it will accept some junk-rated debt as collateral in a move to i

European bourses are firmer by around 1% and overall little moved from opening levels; stateside, futures show a similar patternCrude futures are currently subdued but have been choppy throughout the session with WTI alternating between positive & negative territoryUS Senate approved the new USD

Asian equity markets extended on losses as the subdued tone rolled over once again from Wall St where sentiment was pressured by the continued oil market routOil prices remained jittery overnight following the prior day’s losses which saw June WTI crude prices briefly slip into single digit territor

Crude remains under substantial pressure, the scale of which was enough to trigger circuit breakers in the June WTI future at USD 11.79/bblEuropean bourses have extended on opening losses, following the crude complex’s decline; US futures are equally subduedEU Commission's Thursday summit will not t

Asian equity markets were negative across the board following the weak handover from Wall St where sentiment was subduedIn crude markets, the soon-to-expire May WTI contract hit lows of USD -40/bbl, whilst the active June contract remained above USD 20/bblThe DXY was firmer and rose above 100.00 ami