The Premarket Movers & News by Newsquawk

European Indices [Euro Stoxx 50 +0.3%] are firmer but notably not as buoyed as the Asia-Pac session was overnightIn FX, the USD remains weak with the DXY back below the 97.0 handle to the benefit of all (ex-JPY) G10 counterpartsEuropean Commission are to instigate infringement processes against the

Asian indices were higher as the region took impetus from Wall St. posting its largest daily gain since early-JanuaryItalian Deputy PM’s Salvini and Di Maio have reached an agreement to work togetherIn FX the DXY dropped towards the 97.0 level following Fed comments; to the benefit of most G10 count

Major European indices [Euro Stoxx 50 +0.6%] are firmer after a subdued Asia-Pac lead, though the tech sector is still the underperformerChina have reportedly issued a warning against travelling to the US, and the Foreign Ministry states that it is clear every set back in trade talks was due to the

Asian indices are largely negative as tech suffered in sympathy with Wall St. and the US accused China of misrepresenting trade talksFed’s Bullard (Voter) said a rate cut may be warranted soon amid trade and inflation concernsRBA cut rates as expected; to support employment growth and generate great

European indices remain subdued [Euro Stoxx 50 -0.1%] but have grinded higher after a downbeat Asia-Pac lead as China issued a White Paper blaming the US for the deterioration in trade talksIn FX, the DXY remains below the 98.0 handle and relatively unchanged for the session ahead of key risk events

MON: Swiss CPI, Turkish CPI, EZ, US/UK mfg PMI, US ISM mfg, construction spending, NZ tradeTUE: RBA, UK cons PMI, EZ CPI & unemployment, US factory orders, Aus GDPWED: EZ, UK & US services PMI, EZ PPI, retail sales, US ADP, ISM non-mfg, NBP, Aus TradeTHU: German factory orders, RBI & ECB

A subdued start to the week for Asian indices as China released a White Paper blaming the US for trade talks deteriorating, and are to create an unreliable entity listIn FX, the DXY remains below the 98.0 level as the US faces a two-front trade war; while, EUR and GBP are benefiting from the USD wea

European Indices are firmly in negative territory [Euro Stoxx 50 -1.7%] following US Presidents Trump’s plans to place tariffs on Mexican goods at an initial level of 4%China’s Global Times Editor states that China will take major retaliatory measures against the US placing Huawei and other Chinese

Asian indices are subdued with sentiment weighed on by US President Trump’s plans to place tariffs on Mexican goods at an initial level of 5%Chinese Manufacturing PMI moved into contractionary territory and printed below the estimate at 49.4China reportedly has plans to limit rare earth sales to the

European Indices [Euro Stoxx 50 +0.5%] have stayed positive after opening in positive territory, diverging from the subdued Asia-Pac sessionChina’s MOFCOM says tariffs will not solve trade imbalances, and they will not accept a trade deal which hurts their pride/sovereigntyLooking ahead, highlights

Asian indices followed the negative tone on from their US counterparts as Wall St. extended on the prior day’s lossesIn FX the USD is firmer, with the DXY holding above the 98.00 level as counterparts, particularly EUR and GBP, remain subduedLooking ahead, highlights include US GDP (2nd Estimate), C

European Indices [Euro Stoxx 50 -1.6%] are firmly in negative territory, as the risk-off sentiment spills over from the Asia-Pac sessionUS Treasury’s currency report stated that no major trading partner met the currency manipulation list; but 9 countries, including China, have been placed on the wat

Asian indices are subdued following on from their US counterparts where the E-mini S&P dropped below the 2800 level as US-China tensions remain a key trading themeUS Treasury released their currency report placing 9 countries, including China, on the watchlist but did not name any as manipulator

European Indices [Euro Stoxx 50 -0.6%] are broadly softer as the region failed to capitalise on the positive Asia-Pac momentumOn the trade front SCMP reports that US-China talks hit a snag as the US side ‘kept adding new demands in late stages of the negotiations’Looking ahead, highlights include US

<ul><li><strong>MON:</strong> UK and US Market Holiday.</li><li><strong>TUE:</strong> Hungary rate decision.</li><li><strong>WED: </strong>BOC rate decision, German Jobs Report, Richmond Fed.</li><li><strong>THU: </strong>Aussie Building Approvals, CAPEX; NZ Budget; US GDP, Pending Home Sales.</li><li><strong>FRI: </strong>Japanese jobs data, Tokyo CPI, industrial output; BOK rate decision; German retail sales, CPI; US personal spending, core PCE, Michigan; Canadian GDP</li></ul>

Asian indices are moderately higher following on from yesterday’s holiday lull, with Chinese indices supported by a substantial PBoC liquidity injectionIn FX, DXY extended on gains as its major counterparts EUR/USD and GBP/USD languished following a pullback below 1.1200 and 1.2700 respectivelyLooki

Asian equity markets began the week mixed as a lack of risk drivers and an extended weekend in some major global markets resulted to a non-committal tone in the regionPreliminary results from the European Parliament elections indicate the centre-right and centre-left groups are set to remain the big

UK PM May resigns, to step down as Tory leader on June 7th and is to remain as PM until a new leader is electedEuropean Indices [Euro Stoxx 50 +0.9%] have extended on initial gains following their Asian counterparts which were somewhat boosted by upbeat US-China comments from President TrumpIn FX, t

Asian equity markets were mixed with the region cautious following the headwinds from US. ASX 200 underperformed amid the slump in oil prices&nbsp;US President Trump said there is a good possibility of a US-China trade deal and that Huawei could be included in any trade dealUK PM May is to announce

European indices [Euro Stoxx 50 -1.7%] are sinking following the weak lead from Asia and poor EZ dataIn FX, USD outperforms all G10 bar safe havens as dismal data and Brexit woes afflict sentimentLooking ahead, highlights include, US Initial Jobless Claims &amp; New Home Sales, NZ Trade Balance, ECB

Asian indices (ex-India) are subdued as US-China updates continue to drive markets; China’s Foreign Minister Wang Yi warned China will fight to the endFOMC minutes largely neutral, emphasis on patience and that the inflation downturn is transitoryUK PM May is to meet 1922 Committee Chair Brady on Fr

European Indices [Euro Stoxx 50 +0.3%] are positive, but have traded choppily for much of the session ahead of FOMC and as markets await further US-China updatesOn the Brexit front, the 1922 Committee are due to meet at 16:00BST, with speculation that if over half of the committee are in favour then

Asian indices were mixed as markets await further US-China updates and FOMC minutesUS is contemplating blacklisting as many as 5 Chinese surveillance firmsUK PM May’s latest Brexit offer has led to a backlash from both Conservative Eurosceptics and the Labour PartyLooking ahead, highlights include U

European indices [Euro Stoxx 50 +0.6%] extend advances ahead of the US’s entrance to marketIn FX, the dollar broadly outperforms its G10 counterparts particularly antipodeans following RBA Governor Lowe stating they will consider a rate cut at June’s meetingLooking ahead, highlights include US Exist

Asian indices were mixed following the negative Wall St lead, although, respite was granted as the US announced a 90-day general license for HuaweiThe RBA further tied their outlook to the labour market and Governor Lowe stated the board will consider lowering rates at the June meetingLooking ahead,