The Premarket Movers & News by Newsquawk

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

Asian equity markets traded cautiously following the indecisive performance of Wall St peers as US-China trade concerns resurfacedUS President Trump stated he is not happy with China and that he is not interested in reopening the US-China trade dealDXY extended on gains above 100.00, EUR/USD and GBP

European bourses are softer in-spite of a modestly firmer open, given APAC performance, as sentiment has faded throughout a quiet session – US futures exhibiting similar pressureUS source familiar with recent discussions stated US officials acknowledged China was largely delivering its pledges on st

Asian equity markets begun the week on the front foot after last Friday’s gains on Wall StUS source familiar with recent discussions stated US officials acknowledged China was largely delivering its pledges on structural issuesUS Chamber of Commerce called on China to dramatically accelerate purchas

Sentiment remains positive on trade updates in quiet markets so far ahead of NFPChinese Vice Premier Liu He, US Treasury Secretary Mnuchin and USTR Lighthizer spoke over the phone and agreed to keep communications, strengthen cooperation and vowed efforts to implement the phase 1 dealChinese Gov't A

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