The Premarket Movers & News by Newsquawk

US equity futures hit limit down as the sell-off resumed driven by the virus, energy and safe-haven flowsWTI and Brent front month futures traded with losses over USD 10/bbl after Saudi announced supply above 10.0mln BPD from April and slashed OSP’sYields have dropped to fresh all-time lows which ha

Asian equity markets resumed their slump and US equity futures also suffered heavy losses in which the E-mini S&P hit limit downSaudi Arabia launched an oil price war to punish Russia following the breakdown of the oil deal in which the Kingdom announced it will offer deep discounts by lowering

European equities have once again faced heavy selling pressure as their global stockmarket rout continuesBunds, Gilts and 10-year USTs have soared in European trade but are now some distance away from best levels and braced for the next leg of the bull run or further retracementIn FX, The Dollar con

Asian equity markets slumped across the board as the sell-off rolled over from Wall St. where all major indices declined over 3%DXY extended its decline heading into today’s NFP data to test the 96.50 level after the 10yr yield fell to a fresh record lowUS Senate voted 96-1 to pass the USD 8.3bln co

Initial gains for European equities proved to be fleeting. US futures indicate a lower openDXY softer, largely at the expense of JPY as USD/JPY breaches 107.00 to the downsideOPEC reportedly agrees on a 1.5mln bpd output cut, subject to Russian approval; who would reportedly agree to a 1mln cutBerni

Asia-Pac indices rose across the board following the constructive pick up from Wall St where all major indices surged and the DJIA posted gains of almost 1200 points US House voted 415-2 to pass USD 8.3bln coronavirus bill as expected, which now goes to the Senate and US President Trump has sta

European equities saw a relatively shaky start to the session before eventually moving back into positive territory (Eurostoxx 50 +1.4%)The DXY has regained some composure after Tuesday’s slide in wake of the Fed’s early or emergency March policy easingWTI and Brent prices are firmer this morning wi

Asian bourses traded somewhat mixed following from the weak rollover from Wall St. where all major indices slumped around 3%Participants digested further weak data in which Chinese Caixin Services and Composite PMIs printed record lowsHKMA lowered its base rate by 50bps to 1.50% following the Fed ra

Sentiment is bolstered in EU hours on expectations for stimulus measures due to the coronavirusHowever, G7 statement reportedly does not currently include specific language calling for fresh fiscal spending or coordinated rate cutsCommentary from the BoE & ECB on a virus response, ECB stands rea

Asia traded mostly higher as the region took impetus from the rally on Wall St amid hopes of a coordinated effort to address the fallout from the coronavirusG7 Finance Ministers and Central Bankers planned call to discuss the virus will take place at 1200GMT/0700ESTA draft statement reportedly does

Sentiment was volatile in APAC hours on the abysmal Chinese PMIs; however, did recover throughout the Asia session before reverting back into negative territory in EU tradeBoJ said it will closely monitor future developments and offered to buy JPY 500bln of JGBs & reportedly bought a record tota

Asian bourses and US equity futures began the week volatile with hefty losses which were later recouped as markets found reprieve  China reported 202 additional coronavirus cases; South Korea reported 476 more cases; Italy reported 566 new cases; France noted 30 additional cases; US confirmed t

Mass sell-off continues, with all bourses firmly in negative territory and the DJIA future breaching the 25k markSpot gold has failed to benefit from the continued sell-off, while JPY has been the clear beneficiary of haven flowsWHO Spokesman says the coronavirus outbreak is 'getting bigger' the sce

Asian stocks traded lower across the board following the bloodbath on Wall Street; Nikkei 225 and Hang Seng fell deeper into correction territorySouth Korea reported 256 more cases of new coronavirus thus far, with the total topping 2000; New Zealand, Lithuania, Nigeria and Belarus also reported the

Sentiment remains affixed to the coronavirus, with European bourses down and US equity futures currently posting losses of 1%South Korea reported over 500 more cases of new coronavirus thus far, taking the total to 1766; with increases in multiple countriesItalian coronavirus cases may be inflated d

Asian equity markets traded mostly lower following a mixed Wall Street handover, US equity and DAX futures trade with heavy losses heading into the European openUS President Trump said we are ready to adapt and do whatever to tackle the virus outbreak, VP Pence was put in charge of the virus task fo

European bourses are negative at present, but well-off session lows which saw Dax March’20 future drop 400 points at worstWTI and Brent tested USD 49/bbl and USD 54/bbl on the EU morning sell-off; though selling has stabilised somewhat ahead of the US’ entranceFirst coronavirus related deaths have b

Asian equities traded mostly lower after another bleak session on Wall Street, ASX 200 lagged and Mainland China outperformedSouth Korea reported 169 more cases of new coronavirus thus far; total number of cases topped 1000Source reports noted of some discussions in the White House about whether to

Sentiment remains subdued after a brief reprieve was insufficient to flip the narrative away from risk-offSouth Korea total cases now at 977 and a 10th coronavirus-related death reported; cases in Italy have increased as well as cases now being reported in SpainWHO spokesman says they do not have pl

Asian stocks traded mixed following a detrimental session on Wall Street; KOSPI outperformed, Nikkei 225 fell 4.5% on its return from its extended weekendSouth Korea reported 60 more cases of new coronavirus thus far, total at 893 and death toll at 9; the country is to draft supplementary budget as

Mass FTQ as the coronavirus spreads substantially into Italy, South Korea and IranItaly reported that the total number of cases rose to 152, with a fifth confirmed deathSouth Korea reported over 200 new case which brings the current total to 833, with seven deaths also confirmed as of February 23Chi

Major Asian indices traded lower across the board amid cases spikes outside China; KOSPI lagged, Shenzhen outperformed; Japan was closed – US equity, DAX and Eurostoxx 50 futures opened with steep lossesIn FX, DXY traded on either side of 99.500, Antipodeans were pressured, EUR was weighed on, KRW s

Sentiment remains subdued after yesterday’s sell-off; USD softens as GBP and JPY strengthenChina's Politburo says the turning point of the virus outbreak in China has not arrived yet, State MediaSouth Korea has reported 48 more cases of novel coronavirus, total rises to 204, according to YonhapLibya

Asian equities traded with downside bias after a weak handover from Wall Street, Hang Seng and KOSPI laggedChina reported an additional 889 (Prev. 394) coronavirus cases and 118 (Prev. 114) additional deaths as of February 20South Korea’s virus case count rose to 156; two evacuees from the Diamond P

USD remains king as 100 comes into focus for the DXY as it outperforms G10 peers, particularly JPY/AUD/NZDEuropean bourses have traded largely directionless for the session, as focus remains on geopolitics/virus headline riskConcerns mount over the spread of coronavirus outside of China, namely Japa