The Premarket Movers & News by Newsquawk

Asian equity markets traded negatively as the region conformed to the downbeat global risk tone post-ECB and large-cap earningsOutgoing EC President Juncker told UK PM Johnson that the current Withdrawal Agreement is the best and only possible agreementECB sources suggest a rate cut is coming in Sep

European equities trade with no firm direction as bourses are dictated by a slew of large cap EU earningsDXY is flat while EUR hovers above YTD lows awaiting the ECB (full preview available in the Research Suite)Looking ahead, highlights include CBRT and ECB Rate Decisions, US Durable Goods and Init

Asian equity markets mostly traded with cautious gains after a similar performance on Wall St and ahead of upcoming key risk eventsUK PM Johnson launched a huge overhaul of his cabinet yesterday, appointing prominent Brexiteers to key rolesIn FX markets, price action was predominantly uneventful acr

European stocks are marginally lower, FTSE 100 lags as miners slideEUR pressured and Bunds spiked amid downbeat EZ flash PMIs, DXY extends gains above 97.500US DoJ is reportedly opening broad antitrust review on large tech firmsLooking ahead, highlights include US Flash PMIs, DoEs and US 5yr Note Au

Asian equities were supported by reports that USTR Lighthizer will lead a small team of negotiators to China next Monday for trade discussionsUS Commerce Secretary Ross said he will deal with Huawei waiver applications within the next few weeksPM-elect Johnson will begin assembling a majority Brexit

European stocks are higher across the board [Eurostoxx 50 +1.0%], material and tech sectors outperformDXY inches closer to July highs while GBP awaits the new PM announcementLooking ahead, highlights include, US Existing Home Sales, US API Crude Stocks, NZ Trade Balance, Hungarian Rate Decision, BoE

Asian equity markets were mostly higher as the region took its cue from gains on Wall St, where all major indices closed higherUK new PM announcement due between 1100-1200BST today, in which a win by hardliner Brexiteer Boris Johnson is seen as a forgone conclusionWhite House confirmed US President

WTI and Brent futures extend on gains as tensions rise in the Strait of HormuzMajor European indices are relatively flat [Eurostoxx 50 +0.1%], energy sector outperforms on price action in crude marketsDXY has consolidated recovery gains above the 97.000 handle, NZD, CAD and AUD outperformLooking ahe

Asian equity markets traded mostly lower with the region cautious amid dampened hopes for a more aggressive Fed rate cut and geopolitical concernsFed officials reportedly could suggest potential for additional stimulus beyond July and signal a 25bp cut is likely at the July meetingIRGC said it seize

European equities are mostly lower [Eurostoxx 50 -0.2%] as Fed fuelled momentum wanesNew York Fed stated that the comments made by Fed's Williams were academic, based on research and not about potential policy actions at the upcoming FOMC meetingItaly underperforms on domestic political angst, FTSE

Asian equity markets were positive across the board as the region took its cue from the late gains in US following dovish comments from Fed's WilliamsHowever, these were later clarified as academic comments and not about potential policy action this monthThe US shot down an Iranian drone which was s

European stocks initially slipped as tech names succumbed to SAP’s decline, SMI buoyed by heavyweight pharma namesIn FX markets, DXY weakens towards 97.00, GBP is bolstered by retail sales and AUD feels support from labour market data, EUR declined on ECB sourcesLooking ahead, highlights include, SA

Asian equity markets traded negatively as the risk-averse tone rolled over from Wall St where all major indices declined for a 2nd consecutive dayUS-China trade talks reportedly stalled as the Trump administration determines how to address Beijing’s demands of easing restrictions on HuaweiBoK cut th

European bourses have continued the largely lacklustre trend from the US sessionChina recently appointed hawkish Zhong Shan to the negotiations team, seen as an indication that China are in no rush to wrap up US-China discussionsUS & Japan are reportedly considering a trade agreement by Septembe

Asian equity markets traded mostly lower as the region followed suit from the lacklustre performance on Wall StUS President Trump suggested there is a long way to go regarding trade with China and that the US can put tariffs on another USD 325bln of goods if it wantsUS Secretary of State Pompeo stat

European indices are largely flat [Euro Stoxx 50 +0.1%] as US earnings season gets underwayChina’s Foreign Ministry says it is misleading to suggest China requires a US trade deal as the economy is slowingLooking ahead, highlights include, US Import/Export Prices, Retail Sales, Industrial Production

Asian equity markets were mixed with the region indecisive following modest gains on Wall StUS Treasury Secretary Mnuchin has stated that he and USTR Lighthizer could visit China for further talks if progress is madeEU is reportedly mulling potential concessions it could offer to avoid a no-deal Bre

ASIA-PACAsian equity markets traded mixed as the region digested a slew of tier-1 Chinese data and with the absence of Japanese participants adding to the initial lull. ASX 200 (-0.6%)was negative with the downside led by underperformance in tech and telecoms, while financials also weighed on the in

Asian equity markets traded mixed as the region digested a slew of tier-1 Chinese data and with the absence of Japanese participants adding to the initial lullChinese data proved to be mostly better than forecast, although showed China’s economic growth slipped to 6.2% Y/Y as expectedDXY was relativ

European indices [Euro Stoxx 50 +0.2%] are little changed from their opening levels, with Stoxx price action initially dictated by Daimler’s profit warningDollar is still somewhat softer to the benefit of G10 counterparts and bonds continue to slumpUS decided not to impose sanctions on Iran Foreign

Asian equity markets were somewhat cautious as the region awaited the latest Chinese trade data and following a mixed performance on Wall StSenior US administration officials agreed that China violated sanctions by importing Iranian oil last month and are now mulling secondary sanctionsThe greenback

European Indices opened in positive territory this morning though have recently drifted into negative territory [Euro Stoxx 50 U/C]In FX, the USD is somewhat softer as pricing for a 50bp FOMC move has continued to riseECB’s Coeure says the protracted period of low inflation has caused concerns among

Asian equity markets traded positively as the region took advantage of the tailwind from the US, post-PowellFOMC Minutes stated that many participants saw a rate cut as warranted in the "near term" if trade and other global risks continued to weigh on the outlookIn FX, DXY remained pressured and sli

Major European indices are tentative [Euro Stoxx 50 -0.1%] as participants await the today’s key event in the form of Fed Chair testimony & FOMC MinutesCore bonds reverse further following strong EZ data, better than expected GDP prints and a poor Bund auctionNHC see a 90% chance of cyclone form

Asian equity markets traded somewhat mixed following a similar lead from Wall St. as participants await fresh clues on Fed policyUSTR Lighthizer and Treasury Secretary Mnuchin conducted a phone call yesterday with China Vice Premier Liu He which was said to have gone well and was constructiveUK lawm