The Premarket Movers & News by Newsquawk

UK PM May is facing a constitutional crisis after Labour and the Liberal Democrats tspaneatened to use the House of Lords to water down Brexit NZD which was lifted by the RBNZ after it kept rates unchanged as expected and suggested an optimistic tone on growth Looking ahead, highlights include Nor

The RBNZ is scheduled to release its latest rate decision today at 2200BST/1600CDT/0500HKT in which consensus is one-sided for the OCR to be kept on hold at the record low 1.75%, with all 26 economists surveyed unanimously forecasting no changes in rates.Expectations for the central bank to stand pa

The DUP is reported to have tspaneatened to walk away from talks with the Conservative party over forming a government Asian equity markets traded mostly negative following the downbeat Wall St. close, where energy lagged Looking ahead, highlights include UK PSNB figures, US existing home sales, D

Asian equities saw little in the way of firm direction with the Nikkei 225 supported by a softer JPY and the ASX hampered by commodities USD held on to the gains spurred by hawkish comments from Fed's Dudley. EUR/USD and GBP/USD firmly below 1.1200 and 1.2800 levels respectively Looking ahead, hig

Today sees the beginning of UK-EU Brexit negotiations with UK press suggesting a potential tspaneat to May’s leadership French President Macron’s party and allies won a parliamentary majority with over 300 seats of the total 577-seats. Looking ahead, highlights include the beginning of UK-EU Brexi

RANsquawk Weekly G10 Central Bank Monitor can be accessed here NORTH AMERICA TUE 20 JUN 2017 - 1330BST: US CURRENT ACCOUNT BALANCE (Q1) Forecast: The deficit is seen narrowing to USD 124.9bln vs a deficit of 112.4bln prior. WED 21 JUN 2017 - 1500BST: US EXISTING HOME SALES (MAY)&

RANsquawk's Eco Week Ahead can be accessed here FEDERAL RESERVE • As expected, the FOMC hiked rates by 25bps to 1.00-1.25% – the second hike of 2017, and the fourth in the current tightening cycle. Minneapolis Fed President Neel Kashkari was the lone dissenter, once again. • The revis

BoJ kept rates unchanged at -0.1% as expected and maintained QQE with Yield Curve Control as expected Asian equities traded mostly higher across the board despite the negative lead from Wall Street. Nikkei 225 outperformed amid softer JPY Looking ahead, highlights include US housing starts, Uni. O

Fed hiked by 25bps as Exp. & outlined plans for balance sheet normalisation, expects inflation and growth to pick up Subsequently seen as more hawkish than anticipated; support for US yields, USD, equities hampered before recovering into the close Looking ahead, highlights include SNB & Bo

PREVIEW: BoE June Rate Decision and Minutes Release 1200BST/0600CST Current BoE Base Rate: 0.25%, Asset Purchase Target: GBP 435bln of government securities and GBP 10bln of corporate debt. Analysts expect the BoE to remain on hold this meeting with rhetoric from the minutes expected to have a neu

Asian equities traded with little in the way of firm direction despite tech names posting a rebound yesterday and the S&P 500 and DJIA posting record highs FX markets were relatively quiet with the USD-index languished below the 97.00 level ahead of an anticipated ‘dovish hike’ by the Fed later

The FOMC is seen raising the FFR target by 25bps to 1.00-1.25%, but the main focus will be on the hike trajectory Updated economic projections will be published, and there will be a post-meeting press conference with Chair Janet Yellen Analysts aren’t expecting any dramatic changes in the Fed’s up

Asian equities managed to avoid further losses despite a continuation of tech-related selling pressure seen on Wall Street In FX, USD/JPY nursed yesterday’s losses to test 110.00 to the upside, while EUR/USD languished after relinquishing the 1.1200 handle Looking ahead, highlights include UK CPI,

Asian equities traded mostly lower after Friday’s tech sell-off seen on Wall Street while uncertainty continues to surround UK politics Exit polls from the first round of France's parliamentary election suggest Macron’s La Republique En Marche party is to win between 415-455 seats (out of 577) Tod

FEDERAL RESERVE A 25bps hike to the Federal Funds Rate target on 14 June 2017 is pretty much a done deal, with money markets pricing in a 99.6% chance that rates will be lifted for the second time this year to 1.00-1.25%. The real question is whether the Fed will maintain its “gradual” hike tra

Key Events: -Monday:Tuesday: UK Inflation Data (May)Wednesday: US FOMC MonPol Decision, US CPI (May), US Retail Sales (May), UK Labour Market Report (Apr/May), New Zealand GDP (Q1)Thursday: BoE MonPol Decision, SNB MonPol Decision, UK Retail Sales (May), Australian Labour Market Report (May)Friday:

Theresa May’s future is in doubt as her gamble to strengthen her hand looks to have backfired with projections for a hung parliament. GBP fell around 200 pips on the release of the exit poll, while the latest forecasts from BBC seeing Conservatives at 318 seats (8 short of an absolute majority and

Following on from our June 8th ECB Decision Rate Preview, here is a quick take from today's meeting:Key Points: -- All tspanee key interest rates were left unchanged, as expected.- The European Central Bank (ECB) stated that “policy rates are to remain at present levels for an extended period of tim

ECB Preview: Rate Decision due at 1245BST/0645CDT and Press Conference at 1330BST/0730CDT All rates and the current pace of asset purchases are expected to be left unchanged. The ECB is expected to tweak its forward guidance by categorising its growth risks as balanced. There is also a chance it m

Asian equities saw an indecisive session ahead of key risk events with notable data releases including Japanese GDP and Chinese Trade USD held onto the gains seen after Former FBI Director Comey’s prepared statement was deemed less detrimental than some had feared Looking ahead, highlights include

Asian equities saw little in the way of firm direction as participants remained weary ahead of a slew of upcoming key risk events AUD took focus overnight in FX markets following better than expected domestic Y/Y GDP data Looking ahead, highlights include Eurozone GDP and DoE InventoriesASIAAsia t

Rather watch the video preview? Click here.Why has a Snap Election been called?On April 18th PM Theresa May surprised many by calling for a snap election for June 8th . May stated that her reason in doing so was to “strengthen her hand in Brexit negotiations”. While at the time that the snap electio

AUD pared initial weakness after the RBA kept rates unchanged as expected while striking an overall neutral tone Asian equities traded mostly lower with underperformance in the ASX and the Nikkei 225 hampered by a firmer JPY Looking ahead, highlights include US APIs and the NZ GDT IndexASIAAsia tr

Middle east tensions see crude prices jump over 1% as several nations cut ties with Qatar. Subdued trade in Asia following Saturday’s terrorist attack in London. Looking ahead, highlights include UK Services PMI, US ISM Non-Manufacturing PMI and Factory Orders.ASIAAsia dismissed the positive Wall

Key Events: -Monday: UK Services PMI (May), China Caixin Services PMI (May)Tuesday: RBA MonPol DecisionWednesday: Australian GDP (Q1)Thursday: ECB MonPol Decision, UK General Election, Japan GDP (Q1, F) Chinese Trade Balance (May)Friday: Canadian Labour Market Report (May), China Inflation Data (May