The Premarket Movers & News by Newsquawk

European Indices are subdued [Euro Stoxx 50 -0.5%] as a profit warning from BASF weighs heavily on the Dax (-1.1%)China’s Vice Foreign Minister Le Yucheng warned of ‘disastrous consequences’ if the US treats China as an enemyUS is set to impose duties on fabricated structural steel imports from Chin

Asian equity markets were negative following the losses on Wall St where the majors suffered in a continued fallout from the tempered Fed rate cut expectationsUK Chancellor Hammond told PM May he will fund her legacy spending plans if she allows Tory MPs free votes on efforts to stop a no-deal Brexi

European Indices [Euro Stoxx 50 U/C] are little changed thus far, with Deutsche Bank’s restructuring capturing the equity markets focus·  China is expected to use its plan to name foreign companies that are a national security risk, as a bargaining chip in trade talks with US, SCMP notes t

<ul><li><strong>MON: </strong>Germany IP; BOI; Aus NAB confidence; China social financing.</li><li><strong>TUE:</strong> EIA STEO; US JOLTs.</li><li><strong>WED:</strong> Powell testimony; FOMC mins; BOC MPR; China CPI; UK GDP, trade data, IP.</li><li><strong>THU: </strong>US CPI; OPEC MOMR, Sweden CPIF.</li><li><strong>FRI: </strong>China trade.</li></ul>

Asian equity markets began the week with firm losses as the region reacted to the weakness last Friday on Wall StChina is expected to use its plan to name foreign companies that are a national security risk, as a bargaining chip in trade talks with USA YouGov poll over the weekend showed UK PM candi

A cautious end to the week so-far European Indices [Euro Stoxx 50 -0.2%] ahead of NFPsIn FX, USD outperforms G10 counterparts as participants return from Independece Day holidayLooking ahead, highlights include US &amp; Canadian Jobs Reports, Canadian Ivey PMI&nbsp;ASIA-PACAsian equity markets were

Asian equity markets were mixed heading into US NFP data, Samsung’s operating profit fell 56% Y/YChina reportedly wants Huawei clarification before making agricultural purchases from the USDXY was flat, EUR/USD contained, GBP/USD remained near YTD lows and USD/JPY traded sidewaysLooking ahead, highl

Asian equity markets traded mostly higher, benefitting from the mild tailwinds from US, E-Mini S&amp;P briefly topped the 3000 levelWhite House Economic Adviser Kudlow said the next round of US-China face-to-face talks will take place soonIn FX markets, the DXY was slightly softer, EUR/USD and GBP/U

European Indices [Euro Stoxx 50 +0.9%] are firmer this morning diverting from the mixed Asia-Pac performanceHP (HP), Dell (DELL), Microsoft (MSFT) and Amazon (AMZN) are all reportedly looking at shifting substantial amounts of their production capacity out of China., NikkeiIn FX, the DXY remains aro

Asian equity markets traded mostly subdued, Australia was led higher by gold minersDXY was steady whilst the mostly risk-averse tone spurred flows into safe haven JPYLooking ahead, highlights include EZ, UK and US Services PMI, US ADP, Factory Orders &amp; ISM Non-Manufacturing PMI, Riksbank Rate De

European indices are largely unchanged this morning [Euro Stoxx 50 U/C] as sentiment slips from yesterday’s G20 inspired gainsUS President Trump said a new round of trade talks with China have started and that he expects Chinese President Xi will move on some of the disputed issuesUS Trade Represent

Asian equity markets traded indecisive as the euphoria from the US-China trade truce began to wane, Hong Kong played catch-upUS Trade Representative Office proposed increased tariffs on EU products due to EU aircraft subsidies, in which it proposed adding more tariffs to USD 4.0bln of EU goodsRBA lo

European Indices [Euro Stoxx 50 +0.9%] as the weekend’s positive US-China updates, among other geopolitical developments, generated risk-on sentiment which rolled over from the Asia-Pac sessionUS and China agreed to a temporary trade truce in which US will not levy new tariffs on China whilst also e

US and China agreed to a temporary trade truce in which US will not levy new tariffs on China whilst also easing some Huawei restrictionsUS President Trump had an impromptu meeting with North Korean Leader Kim Jong Un and agreed to resume stalled nuclear talksRussia and Saudi Arabia have agreed to e

European Equities are just into positive territory [Euro Stoxx 50 +0.3%], with the Fed having approved all 18 banks capital plans in their Comprehensive Capital Analysis ReviewUS President Trump says he will be meeting with Chinese President Xi tomorrow and thinks the meeting will be productive at a

Asian equity markets were subdued amid book squaring heading into the end of H1 and ahead of the upcoming Trump-Xi meeting at the G20FX price action was uneventful across the board with the DXY little changed on the session as its major counterparts sat rangeboundUK PM candidate Boris Johnson is rep

China’s President Xi is reportedly to present Trump with&nbsp; a set of terms required for a resolution to the trade dispute; including the lifting of all punitive tariffsEuropean Indices are softer [Euro Stoxx 50 -0.2%], with sentiment somewhat dented on the ongoing US-China updatesIn FX, the DXY r

Asian equity markets traded higher after the region shrugged off the uninspiring lead from Wall Street ahead of the G20 SummitUK Remain rebels are reportedly planning to mount a new bid next week to block a no-deal BrexitIn FX markets, most currencies remained in a holding pattern, although the DXY

European indices [Euro Stoxx 50 +0.4%] were lifted from mildly negative territory by positive US-China commentsUS Treasury Secretary Mnuchin said the US-China deal is 90% complete, though there was some suggestion that these comments were delivered in the past tenseIn FX, the DXY has steadied above

Asian indices are somewhat subdued after Fed speakers tempered the prospect/magnitude of rate cutsUS is reportedly considering suspending the next round of tariffs as US-China prepare for trade negotiations to resumeRBNZ left rates unchanged but noted downside risks to employment &amp; inflation; ad

European Indices [Euro Stoxx 50 -0.3%] are somewhat subdued following the lacklusture Asia-Pac handoverIran Foreign Ministry spokesman Mousavi states that the US sanctions mean the permanent closure of the diplomatic channelAbbVie (ABBV) is looking to buy Allergan (AGN) for in excess of USD 60bln in

Asian indices are subdued following on from the US’ imposition of sanctions on IranDXY continued its recent downtrend and slipped below 96.00, leading USD/JPY beneath 107.00US placed strong sanctions on Iran, including the Supreme Leader; Iran’s Foreign Ministry Spokesman states that the sanctions m

A choppy start to a potentially pivotally week for global trade [Euro Stoxx 50 -0.4%], with Trump &amp; Xi due to meet at the G20 summitUS President Trump has stated that they will move ahead with additional sanctions on Iran; Iran’s Navy Commander said the downing of a US Spy drone was a ‘firm resp

SUN: Istabul Election re-runMON: German Ifo SurveyTUE: RBNZ Monetary Policy meeting, Hungarian Central Bank Monetary Policy meeting, US Consumer Confidence, New Home Sales, Meeting minutesWED: US Durable GoodsTHU: Banxico Monetary Policy meeting, US GDP Final, Core PCE (Final), EZ SentimentFRI: G20,

Asian equities began the week somewhat choppy with participants tentative ahead of the Trump-Xi G20 meetingConservative Party is reportedly making plans that would permit the next PM to hold off from putting their Brexit plans to Parliament until AutumnUS President Trump said he has no pre-condition