The Premarket Movers & News by Newsquawk

Italian Economy Minister tries to tame budget excesses ahead of key meeting BTPs firm but off peaks as Di Maio maintains citizens income demands Looking ahead, highlight include, US services PMI, US ADP, ISM non-mfg, Fed’s Barkin, Harker, Bullard, Brainard and Mester ASIA Asian s

Italy are said to seek cuts in their 2021 and 2020 deficit/GDP ratio to 2.0% and 2.2% respectively from 2.4% EUR immediately caught a bid as the reports signal a potential compromise from Italy. Asian stocks traded choppy following a mixed lead from Wall St. Looking ahead, highlights include E

BTP yields hit 4 year highs and FTSE MIB underperforms after Borghi suggests Italy would be better off without the EUR GBP the G10 laggard after poor PMI’s and negative Brexit commentary via the Tory conference Looking ahead highlights include, US APIs and potential comments from BoE&rsq

Asian stocks traded mostly lower as the upbeat sentiment from the USMCA deal seen on Wall St. faded away UK PM May is preparing to limit Britain's ability to strike free-trade deals after Brexit in a significant concession to the EU aimed at breaking the deadlock in negotiations The RBA st

US-Canada-Mexico agreed to new NAFTA named the USMCA; CAD and MXN the major outperformers in FX FTSE MIB the outperforming bourse as Italy sees some reprieve Looking ahead, highlights include, US mfg PMIs, US construction spending, ISM mfg PMI, Fed’s Bostic, Kashkari, Rosengren, BoE&rsqu

US and Canada said in an official statement that they have reached a trade deal with Mexico in an agreement dubbed the USMCA (US-Mexico-Canada Agreement) Asian stocks traded mixed following a rather uneventful lead from Wall St. on Friday. Hong Kong and Mainland China closed due to public holiday

Italian budget fallout continues, with BTP yields above 3.15%, FTSE MIB Bank Index down over 5%, and EUR underperforming GBP undermined by benign UK GDP and more Brexit-related weakness in business investment Looking ahead, highlights include US personal income, core PCE price index, Canadian

Asian stocks traded mostly higher following a spur in risk-appetite and an upbeat lead on Wall St The Italian government has reached agreement on 2.4% deficit to GDP target for 2019 Looking ahead, highlights include German jobs, UK GDP, EZ CPI, US personal income, core PCE price index, Canadia

Italian budget dispute takes centre stage as Finance Minister and League/5SM 2% conflict comes to the fray BTP roam toward 3% to the upside in early European trade and FTSE MIB leading the losses in equities Looking ahead, highlights include, German CPI, US GDP, Durables, Italian budget presen

FOMC hiked rates as expected, Fed Chair Powell provided an upbeat tone on the US economy, dot plots suggested no more hikes after 2020 UK PM May is reportedly losing support for a no-deal Brexit if EU discussions fail, according to sources Recent reports suggest the Italian Government may post

FX markets rangy and equities directionless in a quiet European morning ahead of the FOMC BTP’s back over 127.00 as Italian budget updates surface ahead of the official release on Thursday Looking ahead, highlights include, Czech, US and NZ interest rate decisions, US new home sales, ECB

Asian equities traded mostly higher despite a mixed lead from Wall St. where the Dow and S&P closed with losses In FX markets, antipodeans stole the limelight as an improvement in New Zealand’s business outlook and activity lifted NZD/USD to near weekly highs UK PM May again states t

Oil breaks USD 82.00 to the upside and hits 4 year highs as OPEC’s rhetoric continues to lift the market ECB’s Praet highlights there was nothing new in Draghi’s speech yesterday, EURUSD vigorously falls to as low as 1.1732 Looking ahead, highlights include, US consumer confi

Asian stocks traded mixed with the region indecisive following a lacklustre lead from Wall St. where both S&P 500 and Dow slipped from all-time highs According to reports, the UK cabinet is said to give PM May's Brexit plan two weeks for progress Looking ahead highlights include US con

Oil up by over 2% as JMMC takes no heed to Trump’s calls for lower oil prices Risk sentiment takes a hit as China cancels trade talks with the US; European bourses all in the red Looking ahead the highlights are ECB’s Draghi speaking and the UK Cabinet meeting at 14:00BST ASIA

Asian stocks traded lower (South Korea, Japan, Taiwan and mainland China away due to public holidays) with risk sentiment dampened after China cancelled trade talks with the US UK PM May’s aides have reportedly begun contingency planning for a snap election in November to save the Brexit ta

European equities pay no heed to poor EZ PMIs; set for over 2% weekly gain as trade war fear dissipate Sterling sliding on subpar statements after Salzburg summit Looking ahead, highlights include, US PMIs, Canadian CPI and retail sales, Baker Hughes Rig Count and quad witching ASIA As

Asian equity markets traded higher as the region took impetus from the rally in US where the Nasdaq outperformed on a rebound in tech Former UK Brexit Secretary Davis warned as many as 40 MPs could vote against PM May's Chequers plan but added that Brexiteers are "reasonably terrified&qu

NOK gets hit by a flatter Norges Bank rate path than expected, SNB a lacklustre event UK Retail Sales beats with previous all revised higher, Cable lifted above 1.3200 Looking ahead, highlights include, SARB rate decision, US weekly jobs, Philly Fed, Existing Home Sales, ECB’s Weidmann a

Asian equity markets eventually traded mixed despite the early tailwind from US where strength in blue chip financials fuelled the outperformance in the DJIA UK Chequers plan was said to cause divide among EU leaders with some countries calling for EU to engage with the UK and with others unwilli

Trade war concerns continue to abate as European and Asian equites extend on the previous sessions gains UK CPI beats expectations and upbeat Brexit commentary helps Cable improve on 8 week highs Looking ahead, highlights include, US Building Permits, Housing Starts, DoEs, BCB rate decision, N

Asian equity markets traded firmer following the gains in the US. Chinese bourses lifted by support measures announced by Premier Li In Brexit, UK PM May claims that an exit deal is virtually agreed, whilst Barnier states the EU is ready to improve its proposal on Northern Ireland Looking ahea

European equities are firmer shruging off US-China tariff action, with 10% seen not as severe as anticipated Brent jumps over 1% as Saudi Arabia is said to be happy with oil over USD 80/bbl Looking ahead, highlights include, Hungary’s Interest Rate Decision and GDT ASIA Asian equ

The US confirmed tariffs on USD 200bln of Chinese imports effective September 24th which will begin at 10% and increase to 25% at year end. Trump vowed further tariffs if China retaliates to these measures China Vice Premier Liu He was said to convene a tariff response meeting, while there were s

17th September 2018 US President Trump ramps up tariff talk on China, ready to go ahead with USD 200bln in tariffs, as according to source reports Asian equities negative and European equities choppy as the tone sours; FX markets stable Looking ahead, the highlight is US NY Fed Manufacturin