The Premarket Movers & News by Newsquawk

Chinese GDP topped estimates on a Q/Q basis at 1.8% vs. Exp. 1.6%, but GDP Y/Y slowed in-line with forecasts to 6.7% vs. Prev. 6.8% European equities (Eurostoxx 50 +0.1%) trade with little in the way of firm direction. Deutsche Bank prelim results lift financials Looking ahead, highlights incl

Asian stocks began the week subdued. Chinese GDP beat on a Q/Q basis, in-line Y/Y, retail sales a beat, industrial production a miss UK Eurosceptics have set up a “party within a party” with a highly organised whipping operation among Tory Eurosceptic MPs. Justine Greening calls for a

Key Events Monday: Chinese GDP, Trump/Putin Summit, US Retail Sales Tuesday: NZ CPI, RBA Minutes, UK Labour Market, US Industrial Production, US TIC Flows, Fed Chair Powell’s Semi-Annual Testimony Wednesday: UK CPI, EZ CPI (Final), US Housing Starts & Building Permits Thursday:

US President Trump denounces Chequers deal and said a soft Brexit would probably kill a potential future trade deal between UK and US Sterling slipping, Dxy rising above 95.000 and equities up approaching week-end Looking ahead, highlights include, Uni. of Michigan Sentiment, Baker Hughes, BoE

Asian equity markets were mostly higher as the region took impetus from the upside in Wall St US President Trump has warned UK PM May that a soft Brexit would probably kill a potential future trade deal between UK and US Looking ahead, highlights include Uni. of Michigan Sentiment, Baker Hughe

Mixed reports that US President Trump is to exit NATO after the Chinese Commerce Ministry rubbished suggestions that there had been contact with the US on trade Choppy trade in equities while commodities find some relief after sharp losses in Wednesday’s trade Looking ahead, highlights i

Asian equity markets shrugged off the energy-led declines in US and traded higher across the board FX markets were flat overnight amid a lack of tier-1 data releases, which kept the DXY at the prior session’s highs Looking ahead, highlights include Riksbank and ECB minutes, US CPI, weekl

US begins the process for installing 10% tariffs on USD 200bln of Chinese imports European equities hit and investors ditch high-beta currencies as risk-off tone returns Looking ahead, highlights include, US PPI, DoEs, BoC rate decision, supply from Germany and the US, ECB’s Mersch, BoE&

US Trade Representative Lighthizer announced US will impose tariffs of 10% on additional USD 200bln of goods from China Asian stocks slumped across the board. The risk averse tone spurred flows into safe-haven JPY which briefly dragged USD/JPY below the 111.00 handle Looking ahead, highlights

Surprise UK Industrial Output miss reverses GBP early rise, German ZEW conditions miss hits EUR European equities largely higher following in step with Asia in a news-thin morning Looking ahead, highlights include, APIs and ECB’s Lautenschlaeger   ASIA Asian equity market

Asian equity markets traded mostly higher on the momentum from Wall St where the DJIA notched its best performance in a month The head of the Conservative 1922 Committee indicated that he did not receive the 48 letters required for a leadership challenge Looking ahead, highlights include Norwe

UK agrees on white paper proposal with Dominic Raab announced as new UK Brexit Secretary; David Davis resigns European Equities in the green but FTSE underperforms on a stronger GBP Looking ahead, highlights include, ECB’s Praet, Draghi and Fed’s Kashkari ASIA Asian stocks

Asian stocks began the week higher across the board as the region followed suit to Wall St’s performance on Friday UK Brexit Secretary Davis resigned, stating that PM May’s policy is now more likely to break the manifesto pledge and leaves the UK in a weak negotiating position Look

<p>Monday: German Trade Balance</p> <p>Tuesday: German ZEW Survey, UK Industrial Production, UK GDP (Monthly)</p> <p>Wednesday: BoC Interest Rate Decision &amp; MPR, US PPI</p> <p>Thursday: US CPI, German CPI (Final), ECB Minutes</p> <p>Friday: Chinese Trade Balance, JPM, Wells Fargo and Citi report earnings</p>

Limited reaction seen across asset classes as China/US tariffs are imposed ahead of NFP Reports of JP Morgan taking a stake in Deutsche Bank refuted Looking ahead, highlights include US NFP, US trade, Canadian jobs, Baker Hughes ASIA Asian stocks traded higher after the positive moment

FOMC Minutes noted concern on trade policy risks but didn&rsquo;t suggest anything that would likely swerve the Fed from its hiking path UK PM May is to unveil plans that involve UK agreeing to a formal treaty with EU post-Brexit that will tie the UK to Brussels rules on goods Looking ahead, h

European equities positive as auto names drive gains, on suggestions that US is ready to give car tariffs a break UK markets react to an upbeat Carney after the BoE chief suggests Q1 softness was largely due to weather Looking ahead, highlights include, US ADP, ISM non-MFG, DOEs, FOMC minutes,

Asian equity markets were cautious from the open with sentiment later deteriorating as focus turned to the looming July 6th tariffs UK Brexit Secretary Davis has written to PM May in a last-ditch attempt to warn her that her Brexit plan to be presented at Chequers is unworkable Looking ahead,

Asian shares traded lower, led by Chinese markets USD mostly lower; USD/CNY steadies despite weaker fix amid reports Chinese state banks were selling USD Looking ahead, highlights include PMIs from Europe and the UK; US markets closed for Independence Day ASIA Asia stocks traded lower

Wall Street gains and CDU/CSU immigration agreement leads EU stocks into the green Riksbank leaves rates and rate path unchanged, but opposition from Floden and Ohlssen pushes SEK higher Looking ahead, highlights include, US factory orders, APIs and ECB&rsquo;s Praet ASIA Asian stocks

Asian stocks traded mixed as the region failed to take full advantage of the tail wind from the tech-led recovery on Wall St In FX, DXY remained firm overnight, RBA was a non-event for AUD, USD/CNH higher by over 4 points after the PBoC set the weakest fix since August last year Looking ahead,

Asian stocks traded mixed as the region failed to take full advantage of the tail wind from the tech-led recovery on Wall St In FX, DXY remained firm overnight, RBA was a non-event for AUD, USD/CNH higher by over 4 points after the PBoC set the weakest fix since August last year Looking ahead,

Risk tone soured in Europe as US tariffs concerns and German political instability lead all equity markets into negative territory US President Trump said he spoke to Saudi Arabia&rsquo;s King Salman on raising production by as much as 2mln barrels and that prices were too high, which the Saudi r

Asian equity markets began H2 indecisively with the region constrained by disappointing data releases including Chinese Official &amp; Caixin Manufacturing PMIs EUR/USD hampered after CSU party leader Seehofer offered to resign amid the migration dispute Looking ahead, highlights include Euroz

Central Banks At the June meeting the Fed expectedly hiked interest rates by 25bps, however, the median now sees four hikes in 2018 from three previously. The decision was perceived as relatively hawkish as the Fed also dropped their reference that it expected interest rates to be below neutral f