The Premarket Movers & News by Newsquawk

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

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