The Premarket Movers & News by Newsquawk

UBS (UBSN SW) is to acquire Credit Suisse (CSGN SW) for a total consideration of CHF 3bln; Credit Suisse’s additional tier 1 capital in the aggregate nominal amount of around CHF 16bln will be written off.Fed, BoE, BoC, BoJ, ECB and SNB agreed on coordinated action to enhance the provision of liquid

UBS (UBSN SW) is to acquire Credit Suisse (CSGN SW) for a total consideration of CHF 3bln; Credit Suisse’s additional tier 1 capital in the aggregate nominal amount of around CHF 16bln will be written offFed, BoE, BoC, BoJ, ECB and SNB agreed on coordinated action to enhance the provision of liquidi

MON: PBoC LPR Setting, BoJ Summary of Opinions (Mar), German PPI (Feb), New Zealand Trade Balance (Feb).TUE: RBA Minutes, Japanese Holiday, German ZEW Survey (Mar), Canadian CPI (Feb).WED: FOMC Policy Announcement, BoC Minutes (Mar), BCB Policy Announcement, UK Inflation (Feb).THU: BoE Policy Announ

European bourses are firmer across the board, Euro Stoxx 50 +0.4%, as recent liquidity action settles sentiment on Quad Witching Friday.Stateside, futures are essentially unchanged having eased from initial best levels around the European open with attention on US banking namesDXY is subdued, though

US stocks gained with the Nasdaq leading advances; Asian stocks rose amid improved global risk appetite following recent bank lifelinesDXY is subdued amid improved risk tone, while the Fed's balance sheet jumped to its highest since November as banks rushed for liquidityCrude futures are mildly high

European bourses are bolstered amid as the region reacts to liquidity support for Credit Suisse (+18%), Euro Stoxx 50 +0.7%, though the tone is tentative pre-ECB.CS took action incl. borrowing CHF 50bln from the SNB and undertaken tender offers for notes; FINMA/SNB say the Co. meets liquidity requir

APAC stocks were mostly lower, following global peers after Credit Suisse turmoil yesterday.Swiss National Bank (SNB) and FINMA to provide liquidity to Credit Suisse if necessary.US bank giants reportedly reduced direct exposure to Credit Suisse for months.European equity futures are indicative of a

Equities are under marked pressure as sentiment sees a significant deterioration as Banking names slump, SX7P -5%, amid renewed focus on Credit Suisse, -18%.Saudi National Bank said they will not provide more assistance to Credit Suisse; Saudi National Bank is the largest shareholder with a 9.9% sta

US equities were firmer on Tuesday, led by the tech sector, while financials recovered some of the losses from Monday's sell-offAPAC stocks followed suit with gains, as banking contagion fears eased, and markets found relief in the absence of additional bank failuresFX markets were indecisive, with

European bourses are posting tentative gains, Euro Stoxx 50 +0.2%, as the risk tone remains fragile given financial stability concerns.Stateside, futures are modestly firmer but have been unable to claw back any of Monday's marked downside, ES +0.4%, ahead of February's CPI.The European banking sect

APAC stocks declined amid a continuation of the selling in financials and with risk appetite constricted.European equity futures are indicative of a marginally higher open with the Euro Stoxx 50 +0.1% after the cash market closed down 3.1% on Monday.DXY is firmer but still on a 103 handle, JPY lags

Fed said it is to provide liquidity to US depository institutions in which each Federal Reserve bank would make advances to eligible borrowers.European bourses are under substantial pressure, with banking names leading the downside as contagion concern continues, SX7P -5.5%.Stateside, futures have b

Fed said it is to provide liquidity to US depository institutions in which each Federal Reserve bank would make advances to eligible borrowers.Goldman Sachs said it no longer expects the Fed to hike rates at the March meeting in light of recent stress in the banking system; expects hikes in May, Jun

SUN: US moves onto daylight saving time.MON: South Korean Imports/Exports (Feb).TUE: OPEC MOMR, UK Jobs Report (Jan/Feb), US CPI (Feb).WED: IEA OMR, Chinese Retail Sales (Feb) & Industrial Production (Feb), EZ Industrial Production (Jan), US PPI (Feb) & Retail Sales (Feb), New Zealand GDP (Q

European bourses are lower across the board, Euro Stoxx 50 -1.5%, as contagion fears from SVB dents risk sentiment and weighs heavily on banks, SX7P -4.0%.Stateside, futures remain under pressure with the ES around 3900 while the NQ is the relative outperformer, and little changed overall, with yiel

APAC stocks declined amid headwinds from the banking sell-off in the US owing to contagion fears related to Silicon Valley Bank.BoJ kept policy settings unchanged, as expected, with the decision on YCC made by a unanimous vote.European equity futures are indicative of a lower open with the Euro Stox

Equities are under pressure as sentiment has slipped modestly throughout the European morning, ES -0.2%.The DXY is similarly weighed on and is below Wednesday's trough to the benefit of FX across the board; JPY outpaces pre-BoJ.Core fixed income is back within tighter ranges after an initial decline

Equities are under pressure as sentiment has slipped modestly throughout the European morning, ES -0.2%.The DXY is similarly weighed on and is below Wednesday's trough to the benefit of FX across the board; JPY outpaces pre-BoJ.Core fixed income is back within tighter ranges after an initial decline

APAC stocks traded mostly rangebound after the choppy performance in the US, while the region also digested weak data including softer-than-expected Chinese inflation.European equity futures are indicative of a marginally softer open with the Euro Stoxx 50 -0.1% after the cash market closed up 0.2%

Equities are mixed within fairly narrow parameters given the tentative post-Powell sentiment ahead of ADP & numerous speakers.DXY has lifted to a fresh YTD peak, with peers mixed as AUD outperforms and JPY lags.GBP was unfazed by Dhingra reiterating a preference to pause tightening, in remarks t

APAC stocks were mostly lower amid headwinds from Wall St where risk assets suffered after Powell's hawkish testimony.European equity futures are indicative of a slightly softer open with the Euro Stoxx 50 -0.2% after the cash market closed down 0.8% on Tuesday.DXY lingers around YTD highs post-Powe

European bourses & US futures are contained in relatively narrow ranges pre-Powell, following firmer but ultimately capped APAC action on China trade dataDXY continues to inch higher but has stalled at 104.50 before Monday's 104.69 best; AUD lags post-RBAEGBs/Gilts initially tested/breached Mond

APAC stocks traded mostly higher although gains were capped as participants digested the latest Chinese trade data.Chinese trade data showed a continued contraction in both dollar-denominated exports and imports.RBA hiked rates by 25bps as expected but provided a slightly less hawkish tone.European

European bourses are posting modest gains of circa. 0.3% in a continuation of the firmer APAC handover where the upside was capped by China's GDP targets.US futures are essentially unchanged given the above and as participants await the week's commentary from Fed officials, incl. Chair Powell, and F

APAC stocks were mostly positive as the majority of bourses took impetus from last Friday’s gains on Wall St.China will target 2023 GDP growth of about 5.0% (exp. 5.0%-5.5%) and CPI around 3%.European equity futures are indicative of a higher open with the Euro Stoxx 50 +0.4% after the cash mar