The Premarket Movers & News by Newsquawk

European bourses are under marked pressure as headwinds mount while US futures are lower but more contained awaiting debt ceiling developmentsOverall, updates via journalists this morning are skewed to the downside on a near-term agreementHawkish impulses were seen on hot UK CPI, with core fixed inc

APAC stocks were mostly lower following the negative lead from Wall St and amid US-China frictions.The US House China Select Committee Chair called for retaliation against China’s ban on Micron.US GOP Rep. McHenry said the top-line disagreement remains on spending and he cannot say when negotiations

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European bourses are pressured on continuing Manufacturing PMI softness alongside hawkish pricing implicationsStateside, futures are essentially flat as we await further substantive debt ceiling updates and remarks from Fed’s PowellBiden said he is optimistic on making debt ceiling progress; McCarth

APAC stocks were indecisive as participants digested the latest from the debt limit negotiations.US House Speaker McCarthy said he had a productive agreement with President Biden but they don't have an agreement yet.European equity futures are indicative of a flat open with the Euro Stoxx 50 Unch. a

European bourses are mixed/flat with US futures diverging slightly with the ES & NQ pressured by Meta and Micron.Broader focus remains firmly on the debt ceiling after constructive weekend updates ahead of an expected Biden-McCarthy talk today (time TBC).DXY holds above 103.00 with the CHF outpe

APAC stocks were mostly positive but with price action rangebound amid cautiousness as the debt limit deadline draws closer.President Biden said his discussion with House Speaker McCarthy on Sunday went well and they will talk again on Monday.Fed’s Kashkari (voter) said he is open to foregoing a Jun

Week Ahead May 22-26thSUN: Greek ElectionsMON: PBoC LPR AnnouncementTUE: BoK Announcement, EZ/UK/US Flash PMIs (May), US Richmond Fed (May)WED: FOMC Minutes, RBNZ Announcement, UK Inflation (Apr), German Ifo Survey (May)THU: CBRT Announcement, SARB Announcement, German GDP (Q1), GfK Consumer Sentime

European bourses/US futures are firmer with fresh drivers limited and the focus firmly on Fed speakDebt ceiling reports indicate steady progress is being made, a view echoed by White House officials; Biden to leave G7 dinner earlyUSD retreats from multi-weak peaks amid a Yuan revival to the benefit

APAC stocks were mostly higher following the tech-led gains on Wall St where the Nasdaq outperformed and the S&P 500 printed a 9-month high.US President Biden held a call with the debt ceiling negotiation team and his team said that steady progress is being made in talks.European equity futures

European bourses continue the positive Wall St/APAC action, with action slightly limited by Ascension DayStateside, futures edge into the green but are largely continuing sideways action ahead of WMT and substantive debt updatesDXY picks up to the detriment of peers as the Yuan falls further and AUD

APAC stocks were higher as the region took its cue from the momentum on Wall Street, although some of the gains were capped as participants digested soft data releases.US House Speaker McCarthy said he is optimistic about the ability to work together and said a debt ceiling deal by Sunday is doable.

European bourses & US futures are incrementally firmer in somewhat limited trade with corporate updates factoring and the focus on debt talksDAX 40 outperforms amid strength in Siemens & SAP; region follows mixed APAC trade, though Nikkei 225 surpassed 30kOverall, debt ceiling updates were s

APAC stocks were mixed with the region cautious after the weak handover from the US where risk appetite was clouded amid debt ceiling concerns.The meeting between Biden and congressional leaders achieved no major breakthroughs although was said to be productive and has set the stage to carry on furt

European bourses are relatively contained, but off best after downbeat/mixed ZEWUS futures spent the morning rangebound though have similarly dipped post-HD earnings, -4% pre-marketPresident Biden is to meet McCarthy at 15:00ET/20:00BST, Yellen to speak beforehandDXY continues to retreat despite ini

APAC stocks traded mixed and only partially sustained the momentum from Wall St, while markets also digested weaker-than-expected Chinese activity data.US President Biden has scheduled a debt limit meeting with US House Speaker McCarthy on Tuesday at 15:00EDT/20:00BST.European equity futures are ind

European bourses & US futures are firmer but with magnitudes modest amid limited specific newsflowDXY dips below 102.50 with its initial upside diminishing as peers are generally firmer ex-JPY while core debt driftsUS President Biden said that debt ceiling talks are moving along and they will kn

APAC stocks traded mixed following the subdued performance last Friday on Wall St, while participants in the region brace for this week’s key economic releases.European equity futures are indicative of a slightly higher open with the Euro Stoxx 50 +0.1% after the cash market closed up 0.2% on F

MON: Eurogroup Meeting, South Korean Trade Balance R (Apr), German Wholesale Prices (Apr), EZ Industrial Production (Mar).TUE: IEA OMR, Chinese Retail Sales (Apr)/Industrial Production (Apr), UK Labour Market Report (Mar/Apr), EZ Employment and GDP Flash (Q1), German ZEW (May), US Retail Sales (Apr)

European bourses are firmer though the region is set to end the week where it began, US futures modestly bid.DXY underpinned vs most G10s with USTs slightly softer and Fed's Bowman saying recent CPI and NFP reports do not provide persistent evidence of disinflation.EGBs have struggled for firm direc

The meeting between US President Biden and congressional leaders was postponed to next week.US House Speaker McCarthy said postponing the debt ceiling meeting doesn't mean that debt talks have fallen apart.APAC stocks were mostly lower amid a busy slate of earnings releases and after the subdued per

European bourses are firmer, but off best, with fresh drivers lacking after a busy pre-market ahead of the BoEStateside, futures retain a positive bias but have been largely horizontal; DIS -5.5% after-earningsDXY lifts towards 102.00 with AUD lagging on Yuan/metals weakness after benign Chinese CPI

APAC stocks traded mixed after the indecisive performance stateside where stocks whipsawed, while regional bourses also reflected on softer-than-expected Chinese inflation.European equity futures are indicative of a slightly higher open with the Euro Stoxx 50 +0.2% after the cash market closed down

European bourses/US futures are slightly softer as broader sentiment tilts after mixed APAC trade ahead of US CPIDXY remains bid with peers generally contained though EUR slips on less-hawkish ECB speak while GBP remains bid pre-BoEEGBs caught a bid to fresh session highs after well-received UK supp

For the full Newsquawk preview, please click here.Expectations are for the BoE to deliver a 25 basis points hike in the Base Rate to 4.5%, according to 55 out of 56 analysts surveyed by Reuters. Market pricing concurs, with 25 basis points priced at around 85%. Dovish dissent from Tenreyro and Dhing