The Premarket Movers & News by Newsquawk

The Fed delivered a 50bps rate cut and the dot plot suggested a further 50bps of reductions this year.US indices finished marginally lower and yields higher with Powell stating that markets should not assume 50bps is the new pace.European equity futures are indicative of a positive cash open wi

European bourses are slightly lower whilst US futures see very modest gains ahead of the FOMC announcementDollar is slightly softer, Kiwi outperforms, with JPY also strongerBonds are at lows, Gilts underperform following the region’s UK inflation report which saw Services & Core Y/Y print above

APAC stocks were mostly rangebound with participants lacking conviction heading into the crucial Fed policy decision.European equity futures are indicative of a softer cash open with the Euro Stoxx 50 future -0.2% after the cash market closed higher by 0.7% on Tuesday.DXY is lingering below the 101

European equities are firmer across the board, with Retail outperforming; US futures gain, the NQ outperforms attempting to pare back the prior day’s lossesDollar is flat, EUR edged off best levels in reaction to poor ZEW dataBonds are firmer as markets digest another Timiraos piece, which further h

APAC stocks were mostly positive but with gains capped as participants continued to second-guess the magnitude of the looming Fed rate cut, while markets in Mainland China, Taiwan and South Korea remained closed for holidays.Money markets now price in a 67% probability of a 50bps Fed rate cut on Wed

European equities are mixed/flat, US equity futures edge slightly higher, though the RTY +0.8% outperformsDollar continues to edge lower as markets weigh up the magnitude of the looming Fed cut, G10s gain vs the Dollar, USD/JPY slips below 140After last week's late dovish Fed repricing, odds of a 50

APAC stocks were mixed amid the holiday-thinned conditions and as participants braced for this week's central bank announcements including from the FOMC, BoE and BoJ.Chinese house prices further deteriorated, while the latest Chinese Industrial Production and Retail Sales also disappointed.After las

SAT: China Activity Data (Aug)MON: N/ATUE: EZ/German ZEW (Sep), US Retail Sales (Aug), Canadian CPI (Aug), US Industrial Production & Manufacturing Output (Aug), Business Inventories (Jul), NAHB Housing Index (Sep)WED: FOMC & BCB Policy Announcements; Japanese Trade Balance (Aug), UK CPI (Au

European bourses are generally firmer; US equity futures remain steady and hold on to the prior day’s gains.Dollar is slightly lower amid a dovish repricing of Fed rate cut bets, and JPY outperforms as USD/JPY slips to a 140 handle.Bonds are generally firmer; Bunds trade around the 135.00 mark.Crude

APAC stocks were ultimately mixed and initially took their cues from the gains in the US, but with upside capped by a lack of fresh drivers ahead of a long weekend.ECB officials have not ruled out a rate cut at the October meeting, according to Bloomberg sources, while Reuters sources suggested an E

European bourses are entirely in the green with the region taking impetus from the prior day’s strength seen on Wall Street; US futures are modestly firmer.Dollar is flat ahead of US PPI/IJC, JPY & CHF are subdued amid their haven statuses in risk-on trade.Bonds are modestly lower giving back so

APAC stocks gained as the region took impetus from the post-CPI tech-led rebound stateside.DXY traded little changed, JPY saw brief support from hawkish comments from BoJ’s Tamura; EUR awaits the ECB.Goldman Sachs CEO Solomon said he sees 2 or maybe 3 Fed rate cuts, while he added that they could se

European bourses are mixed having initially opened with a clear positive bias; US equity futures are entirely in the red ahead of CPI.Dollar is softer as markets digest the Presidential Debate; CNN opinion polls suggest that 63% of voters thought candidate Harris won the debate; gains in JPY overnig

APAC stocks traded cautiously after the two-way price action stateside and as participants await US CPI data.BoJ's Nakagawa said that the central bank is likely to adjust the degree of monetary easing if the economy and prices move in line with its projection.European equity futures are indicative o

European equities are mixed, with initial early-morning strength trimmed; US equity futures are modestly in the red with slight underperformance in the NQ following an Apple tax order.Apple (AAPL) has lost the fight against the EUR 13bln EU tax order to Ireland, according to Reuters; Apple said EU r

APAC stocks mostly took impetus from the gains on Wall St where the major indices rebounded (S&P 500 +1.2%)Chinese trade data in USD terms was mixed; larger surplus than expected, exports beat, imports missedEuropean equity futures are indicative of a flat open with the Euro Stoxx 50 future

European equities are entirely in the green, attempting to pare back some of last week's hefty losses; Tech leads whilst Luxury lagsDollar is firmer while JPY lags after GDP revisions and risk appetite, with USD/JPY back above 143Bonds are entirely in the red and reside near session lows.Crude is on

APAC stocks suffered firm losses as the region took its opportunity to react to last Friday's disappointing US jobs data.Chinese data saw softer-than-expected CPI metrics and sharper PPI deflation.European equity futures are indicative of a positive cash open with the Euro Stoxx 50 future +0.4%

MON: Apple iPhone Event; Japanese GDP Revised (Q2),Chinese CPI (Aug), EZ Sentix Index (Sep), US Employment Trends (Aug)TUE: EIA STEO, OPEC MOMR; Australian Business Confidence (Aug), German Final CPI (Aug),UK Unemployment/Wages (Jul), Swedish GDP (Jul), Norwegian CPI (Aug), US NFIB (Aug), Chinese Tr

Equities are lower across the board and now hold at lows ahead of the US NFP reportDollar is flat, JPY continues to advance amid the broader risk toneBonds are bid, USTs less-so as attention remains firmly on US unemployment dataCrude is flat in what has been a choppy session thus far, XAU is also l

APAC stocks traded without a firm direction following a similar lead from Wall Street ahead of NFP; Hong Kong had Friday trade scrapped amid a typhoon signal.G10 currencies were largely flat but the JPY gradually edged higher in APAC trade while Antipodeans held a mild downward bias.European eq

European equities are mixed; US futures trade tentatively on either side of the unchanged markDollar is slightly lower, JPY once again on a firmer footing, EUR saw modest strength on strong German Industrial OrdersUSTs are flat ahead of today’s US data deluge, Bunds edge lowerCrude is firmer, XAU be

APAC stocks eventually traded mixed following the earlier mild regional gains, with the overall market tone tentative ahead of a slew of US data ahead of NFP on Friday.USD/JPY initially fell amid higher-than-expected Labour Cash Earnings; Yuan strengthened on the PBOC fixing; G10s were largely uneve

Equities are entirely in the red, continuing the risk-off sentiment seen in the prior sessionDollar is flat ahead of US JOLTS Job Openings, haven currencies benefit from risk toneBonds are incrementally firmer, taking impetus from the subdued risk sentiment; EZ/UK PMIs had little impact on the compl

US stocks slumped on return from the Labor Day weekend with the Nasdaq underperforming amid a pronounced weakness in the tech sector.The Tech losses were led by downside in chips, with AI-darling NVIDIA (NVDA) falling 9.5% in the first trading session of September, before shedding another 2.4% after