The Premarket Movers & News by Newsquawk

European Indices [Euro Stoxx 50 -1.2%] have continued to move lower, after a relatively uneventful opening, with the downside stemming from unconfirmed negative reports on US-China tradeIn FX, the USD is subdued vs all G10 counterparts in particular the AUD following PM Morrison’s surprise victorySa

<ul><li><strong>SUN:</strong> JMMC meeting</li><li><strong>MON:</strong> Japan GDP</li><li><strong>TUE:</strong> RBA mins, US/Japan trade talks</li><li><strong>WED:</strong> FOMC mins, Japan trade balance, UK CPI</li><li><strong>THU:</strong> ECB mins, SARB, EZ flash PMI, German Ifo</li><li><strong>FRI:</strong> Japan CPI, US durable goods, UK retail sales, Trump to visit Japan</li><li><strong>SUN:</strong> European Parliamentary Election Results</li></ul>

Asian indices mixed with focus on Australian elections and reports that US-China trade talks have stalledSaudi Energy Minister Al Falih stated that there is consensus to drive down inventories gently and Saudi Arabia sees no need to boost production quickly now with oil at around USD 70/bblReports a

Major European indices [Euro Stoxx 50 -0.5%] are subdued following from a mixed Asia session, with sentiment afflicted by reports that China potentially has no current interest in the continuation of US talksOpposition Labour Leader Corbyn confirms that cross-party Brexit talks have gone as far as t

Asian indices were predominantly positive following a firmer close on Wall St.; although markets were afflicted by negative US-China updatesChina's state media reported that China potentially has no interest in furthering talks with the US right now; little sincerity seen by China in US President Tr

European indices [Euro Stoxx 50 +0.3%] are volatile, following on from the somewhat mixed performance of their Asian counterpartsChina’s MOFCOM spokesman stated that they have no information regarding a US visit to BeijingLooking ahead, highlights include US Building Permits, Housing Starts, Initial

Asian indices were mixed as the auto-driven positivity from Wall St. was countered by the blacklisting of Huawei and disappointing regional earningsUK PM May is to face the 1922 committee today, with the committee to hold a meeting immediately after; cross-party talks with Labour remain on the verge

European Indices [Euro Stoxx 50 -0.6%] fail to maintain the positive lead from Asia-Pac as sentiment turns risk-offBunds have breached the 167.00 level supported by the deteriorating sentiment and the ongoing political turmoil in Italy with the BTP spread blowing out further towards 300bpLooking ahe

Asian indices were firmer after positive comments from US President Trump regarding China trade; although, gains were capped by poor earnings and dataUK PM May’s government has confirmed that the Withdrawal Agreement will be put to Parliament in the first week of June&nbsp;Looking ahead, highlights

Major European indices [Euro Stoxx 50 +0.6%] are firmer as risk sentiment begins to unwind slightly after yesterday’s sell-offChina Global Times Editor states that China may release additional retaliatory measures; notably, China declined to comment on US Treasury holdingsTwo Saudi Aramco oil pumpin

Asian indices were subdued after China’s tariff retaliation and the USTR posting details on tariffs for an additional USD 300bln; although, sentiment was aided by optimism from US President TrumpCross party Brexit talks reportedly made no progress, while PM May is under pressure to abandon compromis

European indices are downbeat [Euro Stoxx 50 -0.5%] following on from the performance of their Asian counterparts as focus remains firmly on US-China trade uncertaintyChina Global Times Editor believes that China has not yet released countermeasures immediately as China may be drafting a plan which

<ul><li>MON: Norway GDP.</li><li>TUE: OPEC MOMR, Swedish CPIF, Germany ZEW Survey, China IP, UK jobs data, BCB mins.</li><li>WED: US retail sales, IEA Oil Market Report, EZ GDP (2nd reading), Germany Prelim GDP, Canadian CPI, US IP.</li><li>THU: Banxico, Aus jobs data, Indonesian rate decision, Eurogroup meeting.</li><li>FRI: EZ CPI (Final), US auto tariff decision.</li></ul>

Asian stocks and US equity futures began the week negative as focus remained on the US-China trade tensionsPresident Trump thinks China felt they were being beaten so badly on negotiations that they may as well wait around for next election, but warned that a deal will become far worse for them if i

Asian stocks and US equity futures began the week negative as focus remained on the US-China trade tensionsPresident Trump thinks China felt they were being beaten so badly on negotiations that they may as well wait around for next election, but warned that a deal will become far worse for them if i

US President Trump increased tariffs from 10% to 25% on USD200bln of Chinese goods; however, he did comment that a trade deal is possible this weekMajor European Indices [Euro Stoxx 50 +0.8%] are firmer following the choppy overnight action as sentiment turned risk-on as market’s remain hopeful that

US President Trump has increased tariffs to 25% from 10% on USD 200bln of Chinese goods; China says they will take countermeasuresChoppy price action in Asian equities with Chinese Vice Premier Liu He reportedly stating that it is now up to President Trump and President Xi to work this outLooking ah

Major European indices [Euro Stoxx 50 -1.0%] remain subdued in-line with the performance seen overnight on continuing US-China uncertaintyOn the geopolitical front, and adding to the risk-off sentiment, reports state that North Korea fired what is likely to be two short-range missilesLooking ahead,

Asian indices were negative ahead of the Chinese delegation arriving in Washington for the resumption of trade talksIn FX, the DXY was steady along with other safe havens while remaining G10 currencies are subdued/flat vs USDLooking ahead, highlights include US PPI &amp; Wholesale Inventory, Norges

Source reports indicate that China backtracked on legal issues affecting nearly every section of the proposed US trade agreementMajor European indices [Euro Stoxx 50 -0.3%] have given up the mornings initial gains as sentiment turns once again on US-China updatesFX markets are broadly reflecting the

Asian equity markets were mostly negative as ongoing US-China trade uncertainty continued to take its toll on risk sentimentUK PM May will reportedly stay in office until the Conservative party conference in September after setting a new summer deadline to finalize Brexit talksRBNZ cut rates by 25bp

European Indices have drifted lower as the day progressed [Euro Stoxx 50 -0.6%], in-spite of reports that China’s VP Liu He is to attend trade talks in the US providing a boost to sentimentIn FX, AUD is outperforming after the RBA stood pat and were less Dovish than anticipated in their statement; r

Asian equities traded mixed as sentiment remained at the whim of the ongoing US-China trade uncertaintyUS Trade Representative Lighthizer confirmed the US will increase tariffs on China on Friday if there is no deal and that China was reneging on commitmentsUK PM May is facing fresh calls from withi

European indices [Euro Stoxx 50 -2.0%] have succumbed to the risk off tone as US President Trump has threatened to hike tariffs on China, with Asia afflicted overnight from this, US equity futures are likewise subdued.Subsequently, China’s Foreign Ministry states that they hope the US can meet China

Monday: UK HolidayTuesday: RBA Monetary Policy Meeting, EIA Short-Term Energy Outlook, Australian Retail Sales and Trade Balance, German Industrial Orders and Output, Japan returns from Golden Week HolidayWednesday: RBNZ Monetary Policy Meeting, Brazilian Central Bank Monetary Policy Meeting, JMMC M