The Premarket Movers & News by Newsquawk

White House economic adviser Hassett says the administration has more than 20-25 deals on the table and when President Trump returns, he will announce the next deal, according to a Fox interview.Stocks opened mixed but now hold a downward bias as the risk tone dips; US futures flat/modestly lower.DX

White House economic adviser Hassett said the administration has more than 20-25 deals on the table with deals close to being finalised and when President Trump returns, he will announce the next deal, according to a Fox interview.US President Trump said his relationship with China is good and he co

White House Executive Order said US will cut the minimum tariff on China shipments from 120% to 54%, and a minimum flat fee of USD 100 is to remain.European bourses are modestly firmer while US futures dip into the red. Focus this morning has been on Bloomberg reporting, which suggests China is to l

APAC stocks traded mostly higher following the rally on Wall St owing to the US-China trade war de-escalation after both sides agreed to cut tariffs by 115ppts for an initial period of 90 days, although some of the gains were capped as the euphoria began to moderate.White House Executive Order said

US and China agree to bring down reciprocal tariffs by 115ppts for 90 days, sparking immediate risk on price action; DXY, ES, Crude bid; XAU & Fixed hit.US President Trump said he will sign an executive order on Monday at 09:00EDT with prescription drug and pharmaceutical prices to be reduced al

US President Trump said there was a very good meeting with China on Saturday, and many things were discussed and much agreed to, while he stated a total reset was negotiated in a friendly but constructive manner.USTR Greer said differences are not as great as previously thought, and Treasury Secreta

European stocks are firmer across the board, whilst US equity futures trade cautiously ahead of US-China talks on the weekend.USD recovery pauses for breath, JPY outperforms whilst the Kiwi lags a touch.Marked divergence as EGBs & Gilts react in full to trade updates. USTs await a barrage of Fed

US weighs a plan to slash China tariffs to as low as 50% from 145% as soon as next week, according to the New York Post citing sources. US President Trump said China tariffs can't get any higher than 145% and know it's coming down.US President Trump said, "Better go out and buy stocks now" and comme

Equities complex broadly positive in anticipation of US President Trump’s deal announcement; NQ +1.3%.DXY back above 100, EUR/USD slips onto a 1.12 handle, GBP eyes UK-US trade deal and BoE.Gilts edge higher into the BoE and Trump's announcement, USTs & Bunds slip slightly.USD pickup weighs on g

Fed kept rates unchanged; noted that risks to the economic outlook increased further and risks to both sides of the mandate have risen.President Trump said he is unwilling to lower tariffs to get China to the table; also reported that Trump is to rescind global chip curbs.APAC stocks were mostl

China's Ministry of Commerce confirmed US-China trade talks with Vice Premier He Lifeng to visit Switzerland from May 9th-12th and will visit France from May 12th-16th for economic and financial dialogue.PBoC Governor Pan announced to cut RRR by 50bps effective May 15th and to cut the policy interes

China's Ministry of Commerce confirmed US-China trade talks with Vice Premier He Lifeng to visit Switzerland from May 9th-12th and will visit France from May 12th-16th for economic and financial dialogue.PBoC Governor Pan announced to cut RRR by 50bps effective May 15th and to cut the policy interes

Sentiment in the equities complex hit after HKMA said it has been lowering its duration in US treasury holdings; the exchange fund has been diversifying into non-US assets; ES -0.7%, NQ -1%.Germany's CDU leader Merz fails to be elected as Chancellor, a decision which has sparked pressure in European

APAC stocks were mostly higher but with gains capped following disappointing Chinese Caixin Services PMI.European equity futures indicate a slightly lower open with Euro Stoxx 50 future down 0.1% after the cash market finished flat on Monday.DXY failed to hold above the 100 mark, EUR/USD sits on a 1

US President Trump said he is willing to lower tariffs on China at some point. He answered no when asked if he plans to speak with Chinese President Xi this week.US President Trump reiterated that the Fed should lower interest rates and said he won’t remove Fed Chair Powell.European bourses are mixe

APAC stocks were ultimately mixed in holiday-thinned trade with most major markets in the region shut.US President Trump said he is willing to lower tariffs on China at some point. He answered no when asked if he plans to speak with Chinese President Xi this week.US President Trump reiterated t

SAT: Australian ElectionMON: Hong Kong Holiday (Buddha's Birth), Japanese Holiday (Children's Day), UK Holiday (Bank Holiday); Swiss CPI (Apr), EZ Sentix (May), US ISM Services PMI (Apr), Turkish CPI (Apr)TUE: Chinese Caixin Services PMI (Apr), EZ Composite/Services Final PMI (Apr), Producer Prices

China is said to be conducting an assessment on US trade negotiations and urged the US to demonstrate sincerity for trade talks, while it urged the US to correct mistakes regarding tariffs and noted it is currently evaluating possible US trade talks.US Secretary of State Rubio said the Chinese want

China is said to be conducting an assessment on US trade negotiations and urged the US to demonstrate sincerity for trade talks, while it urged the US to correct mistakes regarding tariffs and noted it is currently evaluating possible US trade talks.US Secretary of State Rubio said the Chinese want

Europe on holiday, US equity futures entirely in the green with sentiment boosted after strong META/MSFT results.DXY is a little firmer ahead of US data, JPY hit post-BoJ/Ueda.JGBs lead post BoJ/Ueda, USTs await Tier 1 data points.Crude continues to decline, XAU hit by the USD while base peers welco

APAC stocks traded higher but with gains capped in severely thinned conditions owing to mass holiday closures across the region and in Europe for Labour Day.BoJ kept rates unchanged at 0.50% and provided some dovish rhetoric despite maintaining its rate hike signal.US is said to have reached out to

US President Trump said he is going to make a fair deal with China on trade; predicts that China will eat the tariffs.Stocks trade tentatively ahead of a slew of key risk events, including US GDP/PCE and earnings from Microsoft & Meta.USD looks to build on Tuesday’s advances, EUR overlooks stron

US President Trump said he is going to make a fair deal with China on trade; predicts that China will eat the tariffs.APAC stocks failed to sustain the positive handover from Wall St and traded mixed; Chinese official PMIs disappointed.European equity futures indicate a contained cash market open wi

US President Trump is expected to soften the impact of his automotive tariffs, according to WSJ citing sources.European bourses are mixed, whilst US equity futures trade incrementally higher, ahead of a slew of earnings.USD attempts to claw back some of Monday’s losses, CHF & JPY lags whilst the

US President Trump is expected to soften the impact of his automotive tariffs, according to WSJ citing sources.Canada's ruling Liberals, led by Mark Carney, won the national election but will need to form a minority government.APAC stocks were mostly in the green but with gains capped following the