The Premarket Movers & News by Newsquawk

French Election 1st round saw National Rally make significant gains but the odds of another hung parliament have likely increasedSparking outperformance in French-related assets with OATs, CAC 40 & EUR all supported, though the magnitude of this has trimmed into another week of political uncerta

France’s far-right won the first round of the French parliamentary election, according to estimates. However, expectations are mixed over whether they will secure a majority. EUR is the best performing currency across the majors and OATS are firmer by circa 16 ticks and CAC 40 future +1.1%, wit

Week Ahead 1st-5th July:SUN: French Parliamentary ElectionMON: Canada Day; Japanese Tankan (Q2), Japanese, Chinese Caixin, EZ, UK & US Manufacturing Final PMI (June), German Prelim. CPI (June), US ISM Manufacturing PMI (June)TUE: RBA Minutes (June), Australian & Canadian Manufacturing PMI Fi

Price action in European equities has been choppy, but are ultimately mostly firmer; US futures are modestly firmer ahead of US PCEFrench assets underperform ahead of Sunday’s legislative elections; CAC 40 -0.4%, OATs -31 ticks, OAT-Bund yield spread above 84bpsDollar is flat after initially being b

67% of respondents said Trump won the Presidential debate; 81% of registered voters who watched said it had no effect on their choice, 5% said it made them change their mind, via CNN.APAC stocks mostly higher heading into month-, quarter-, & half-end and following the positive US handover as att

European bourses are mixed whilst US futures are modestly in the red; Micron -5.5% after its resultsDollar is slightly softer, Antipodeans outperform & USD/JPY holds around 160.50Bonds are modestly softer in a continuation of the prior day’s lossesCrude & XAU benefit from the softer Dollar,

APAC stocks were negative amid this week's choppy tech performance with headwinds from higher yields.Fed Bank Stress Tests showed all banks passed, which paves the way for higher payouts.European equity futures indicate a lower open with Euro Stoxx 50 future -0.2% after the cash market closed lower

European bourses higher across the board following the tech-led upside on Wall St, sectors mostly in the green though Autos lag on VolkswagenUS futures firmer but only modestly so, awaiting Micron earnings after-hours; FedEx and Rivian bid in the pre-marketUSD/JPY breached 160.00; bringing the April

APAC stocks followed suit to the mixed performance stateside where tech rebounded as Nvidia snapped its losing streak.European equity futures indicate a firmer open with Euro Stoxx 50 future +0.5% after the cash market closed lower by 0.2% on Tuesday.DXY is caged in a tight range on a 105 handle, AU

European bourses are hit following updates from Airbus and Merck; US futures mixed, with the NQ leading as NVDA (+2.2%) finds its footingDollar is flat, with G10 price action also lacklustre in catalyst-thin tradeBonds are contained awaiting impetus from US data and a 2yr auctionCrude is modestly so

APAC stocks were mostly positive but with some of the gains capped following the tech underperformance on Wall Street.Nvidia (-6.5%) suffered a third consecutive day of losses and was down 13% from its peak last week.European equity futures indicate a weaker open with Euro Stoxx 50 future -0.3% afte

Equities are entirely in the green, benefiting from a pick-up in sentiment in the European sessionDollar is softer, EUR is the G10 outperformer, but was initially pressured post-German Ifo, USD/JPY around 159.60Bonds are mixed with USTs contained, whilst Bunds slip to session lowsCrude is incrementa

APAC stocks were predominantly subdued heading closer to month-end and US PCE data later in the weekDXY rangebound just below 106.00, G10 peers generally contained with JPY subject to fresh jawboningFixed income contained into today's German data and ECB speak; JGB futures softerCrude lacklustre wit

MON: BoJ Summary of Opinions, German Ifo Survey (Jun), German Import Prices (May)TUE: Japanese Services PPI (May), Canadian CPI (May), UK GDP (Q1)WED: Australian CPI (May), German GfK Consumer SentimentTHU: Biden/Trump debate on CNN, Riksbank Announcement, CBRT Announcement, CNB Announcement, Europe

Equities are subdued amid a broader risk aversion following the downbeat EZ PMI dataFrance, Germany and the EZ-wide figure all reported lower-than-expected PMI data, which has led to outperformance in Bunds and slight pressure in the EURDollar is incrementally firmer, USD/JPY went as high as 159.12

APAC stocks were mostly rangebound with sentiment subdued after the lacklustre handover from Wall St where tech underperformed, and risk appetite was sapped.DXY took a breather but held on to the prior day's spoils after strengthening on firmer yields despite soft data; USD/JPY briefly rose above 15

Equities in the green and Tech leads in Europe; NQ outperforms, lifted by pre-market gains in NVDA +2.7%Dollar is firmer, CHF sinks after the SNB cut rates by 25bps, GBP slightly softer ahead of the BoEBonds are softer, Bunds initially lifted post-SNB but has since pared, French auction passes witho

APAC stocks were subdued in rangebound trade amid a lack of catalysts and following the US holiday lull.European equity futures indicate a firmer open with Euro Stoxx 50 future up 0.3% after the cash market closed higher by 0.7% on Wednesday.DXY is steady on a 105 handle with FX markets broadly cont

US stocks inched higher in rangebound trade, APAC stocks mainly positive with Hang Seng outperformanceEuropean futures point to a contained open, after the cash market closed higher by circa. 0.7%DXY contained after the deluge of Fed remarks, peers rangeboundCrude and spot gold largely sideways whil

European bourses are entirely in the green whilst US futures are mixedDollar is firmer, AUD gains post-RBA and USD/JPY holds above 158.00Softer session for fixed thus far, Bunds initially boosted by ZEW but slipped on a poor German outingCrude is slightly softer, hampered by the softer Dollar; XAU c

APAC stocks took impetus from the gains in the US where the S&P 500 and the Nasdaq notched record highsDXY steady, AUD unreactive to RBA while the JPY was unphased by UedaRBA rate decision where the central bank kept rates unchanged and reiterated the Board remains resolute in its determination

European bourses are mostly firmer paring some of Friday’s pronounced downside, US futures are trading tentativelyDollar is flat, Antipodeans lag after weaker than expected Chinese industrial dataBonds are subdued paring recent EU political-induced upside on Friday, as participants digest ECB source

US stocks were mixed and the major indices finished off their worst levels seen early in the session alongside the broad risk-averse conditionsAPAC stocks were mostly negative as markets reflected on the latest soft Chinese data releases; European futures point to a firmer openDXY steady around 105.

MON: PBoC MLF, Chinese Activity Data (May), EZ Wages and Labour Costs (Q1)TUE: RBA Announcement, NBH Announcement, EZ Final CPI (May), German ZEW Survey (Jun), US Retail Sales (May), Japanese Trade Balance (May)WED: BoC Minutes, BCB Announcement, UK Inflation (May), New Zealand GDP (Q1)THU: BoE Anno

European bourses are entirely in the red, with sentiment hampered by ongoing political angst in the EU; US futures are also lower, RTY underperformsDXY is bid, benefitting from the subdued EUR which dips below 1.07 and a weak JPY post-BoJThe BoJ kept rates unchanged but defied expectations for an im