The Premarket Movers & News by Newsquawk

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,

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