The Premarket Movers & News by Newsquawk

APAC stocks were mostly subdued after the holiday lull stateside and as the region digested disappointing data including weaker-than-expected Chinese Caixin Services PMI.European equity futures are indicative of a slightly lower open with Euro Stoxx 50 future -0.1% after the cash market closed down

APAC stocks traded mostly higher led by strength in China’s property sector amid gains in Country Garden Holdings.Country Garden Holdings surging by a double-digit percentage after it made a payment on a ringgit-denominated bond and won approval to extend its onshore private bond maturity by three y

Week Ahead 4th-8th SeptemberMON: US & Canadian Labour Day; German Trade (Jul), Swiss GDP (Q2), EZ Sentix (Sep)TUE: RBA Policy Announcement; Final Composite & Services PMIs (Aug), EZ Producer Prices (Jul), US Factory Orders (Jul)WED: BoC Policy Announcement; German Industrial Orders (Jul), EZ

Equity bourses/futures are incrementally firmer but the overall tone remains tentative ahead of key US dataUSD bounces from overnight lows but remains softer overall with peers generally contained; Yuan underpinned by PBoC action and dataEnergy benchmarks are firmer owing to the USD and Chevron/LNG

APAC stocks traded mixed following a similar lead from Wall Street, whilst Hong Kong markets were closed due to Typhoon Saola.PBoC is to cut FX RRR by 2ppts to 4% (prev. 6%) from September 15th, according to the central bank; Several major Chinese banks lowered their deposit rates.DXY traded choppil

European bourses are mostly firmer after a packed morning ahead of an equally busy US agenda, ES +0.1%EUR & EZ yields slump after Flash HICP and balanced commentary from Schnabel on a hike/skip for upcoming meetingsPricing for a 25bp hike by the ECB in September down to a 30% chance from over 60

APAC stocks eventually traded mostly negatively following a marginally positive handover from Wall Street, which saw an equity bid underpinned by dovish US economic data.DXY was caged in a tight range after being dealt another blow by US data yesterday, JPY and AUD narrowly outperformed.European equ

European bourses are in the red as expectations for the ECB September meeting turns more hawkishStateside, futures are in the red with the NQ lagging slightly as yields liftGerman regional & Spanish Flash CPIs spurred ECB pricing to a circa. 60% chance of 25bp in Sep., vs 50/50 recentlyBroad deb

APAC stocks traded positively following the JOLTS-induced gains seen on Wall Street, although Mainland China waned throughout the session.DXY was steady after the prior day’s slump, with the index finding overnight support near 103.50 while AUD was dented by softer-than-expected CPI.BoJ Board Member

Equities are in the green despite fading just after the European open, further upside seen on Chinese sourcesMultiple reports via State Media and BBG that China is considering rate-related action to bolster growthCrude benchmarks print fresh highs on the above and as Idalia intensifies into a hurric

APAC stocks traded with an upward bias following the positive lead from Wall Street, with little in terms of fresh catalysts to dictate price action heading into month-end.DXY was subdued after retreating back under the 104.00 mark in early APAC hours, while debt futures tilted firmer.Chinese State

Equities are in the green with fresh drivers limited and markets deriving impetus from APAC upsideDXY has dipped below 104.00 with peers generally contained, JPY near lows as Ueda underlines reasons to remain ultra-accommodativeEnergy benchmarks firmer amid numerous NHC and Offshore Alliance updates

APAC stocks kicked off the week in the green, following a similar lead from Wall Street, whilst the focus overnight was on Chinese markets after Friday's stock support measures.DXY was caged to a tight range above 104.00 after Friday’s choppy session, AUD outperformed whilst the JPY stood as the G10

Week Ahead August 28th - September 1stMON: Australian Retail Sales (Jul)TUE: NBH Announcement, German GfK Consumer Sentiment (Sep), US CaseShiller (Jun) and JOLTS (Jul)WED: Australian CPI (Jul), Spanish Flash CPI (Aug), EZ Sentiment Survey (Aug), US GDP 2nd Estimate (Q2), US ADP National Employment

European bourses and US futures are modestly firmer but the overall tone is tentative pre-Jackson HoleUSD is bid but rangebound pre-Powell while EUR lags after dovish-leaning ECB sources, AUD outperforms as base metals liftCore benchmarks continue to pullback with Bunds entirely paring knee-jerk ups

APAC stocks traded lower following the weak handover from global counterparts after the Nvidia-related euphoria wore off.European equity futures are indicative of a lower open with the Eurostoxx 50 future -0.3% after the cash market closed down 0.8% yesterday.DXY has extended upside above 104 a

Tech/NQ lead the equity space after NVDA earnings, +7.7% pre-market, as attention turns to Jackson HoleUSD has bounced from post-PMI lows, Antipodeans lag after recent outperformance & JPY unwinds recovery gainsEGBs/Gilts tested post-PMI bounds before running out of steam, USTs under modest pres

Nvidia rose 6.6% after-hours post-earnings after reporting solid Q2 profits and announcing an additional USD 25bln in buybacksAPAC stocks traded higher as the region took impetus from the gains on Wall St. and the Nvidia-induced rise in futures; ES +0.8%, NQ +1.3%European equity futures ar

European bourses & US futures are firmer and back towards best as lower yields take precedence over European growth concernsGermany’s PMI saw a marked contraction for services and a bleak accompanying GDP nowcast, input costs increased in the EZ for the first time in 11 monthsUSD benefits as EUR

APAC stocks traded mixed amid a slew of earnings releases alongside the latest PMI data from the region but with price action relatively rangebound.Fed's Barkin (2024 voter) said the US economy could reaccelerate before inflation cools and he won't prejudge the outcome of the Fed's September meeting

European bourses and US futures are firmer as the US tech-led rally reverberated into EuropeAPAC trade was more mixed, though a late-doors revival occurred in Chinese-stocks despite limited catalystsDXY continues to slip and nears 103.00 with Antipodeans benefitting from the risk tone pre-data while

APAC stocks traded mixed following a similar performance stateside where tech rallied.WSJ's Timiraos tweeted that he believes Fed Chair Powell is unlikely to speak about higher neutral rates at the Jackson Hole Symposium.European equity futures are indicative of a higher open with the Eurostoxx 50 f

Equity bourses/futures have gradually improved throughout the morning after a contained European openAction which occurs in limited newsflow and follows mixed APAC on a disappointing LPR adjustment which overshadowed support measuresCrude and nat gas are bolstered by supply-side updates via the NHC

APAC stocks traded mixed as the disappointment from China’s decision on its Loan Prime Rates overshadowed its recent support efforts; Hong Kong underperformed.PBoC opted for a narrower-than-expected cut to the 1-year LPR alongside a surprise hold on the 5-year LPR, which is the reference rate for mo

Week Ahead August 21st-25thMON: PBoC LPR, German PPI (Jul)TUE: US Richmond Fed Index (Aug), New Zealand Retail Sales (Q2)WED: EZ/UK/US Flash PMIs (Aug), Canadian Retail Sales (Jun), US New Home Sales (Jul)THU: Fed's Jackson Hole Symposium (24-26th Aug), CBRT Announcement, BoI Announcement, BoK Annou