The Premarket Movers & News by Newsquawk

24th February 2022SNAPSHOTLOOKING AHEADLooking ahead, highlights include US GDP (2nd Estimate), PCE Prices Prelim, Initial Jobless Claims, Banxico Minutes, Speeches from Fed's Bostic, Daly, Mester, ECB's Schnabel, BoE's Bailey & BroadbentEarnings from Alibaba, Moderna, Norwegian Cruise Line, Occ

Russian President Putin authorised a special military operation to demilitarise UkraineMultiple explosions were heard across several Ukrainian cities including the capital of KievUS stocks finished lower (S&P 500 -1.8%) and US equity futures extended on losses overnight with APAC stocks als

European bourses are firmer, Euro Stoxx 50 +1.0%, with gains relatively broad based though the oil-exposed FTSE 100 lags given benchmark pricing.US futures, ES +0.6%, are also firmer as newsflow is comparably slower and as participants also take impetus from sanctions being less-stringent than some

US President Biden announced the first tranche of sanctions on Russia whilst cautioning that this is the beginning of a Russian invasion of UkraineUS Secretary of State Blinken cancelled his meeting with Russian Foreign Minister Lavrov. Biden-Putin meeting is not on the cardsS&P 500 closed in&nb

European bourses have experienced a marked recovery throughout the session, Euro Stoxx 50 Unch., with the FTSE 100 (+0.4%) the marginal outperformer given its crude exposure.A recovery that comes amid numerous geopolitical developments and was seemingly led by oil upside and as we await clarity/insi

Russian President Putin said Russia will recognize the independence of Donbas LPR and DPR separatistsThe US will announce fresh sanctions against Russia on Tuesday in which it will coordinate with allies on the announcementAPAC stocks traded negatively amid Russia-Ukraine developments. US equity fut

MON: US Washington's Birthday (Market Holiday); Bank of Israel Announcement; PBoC LPR Announcement; EZ and UK Flash PMIs (Feb).TUE: NBH Announcement; German Ifo Survey (Feb); EZ Flash CPI (Jan); US Flash PMI (Feb).WED: RBNZ Announcement; German GfK Consumer Sentiment (Mar); Japan Emperor's Birthday.

Reports over the weekend noted heavy fighting between Ukraine’s armed forces and Russian-backed separatists along the contact lineUS President Biden and Russian President Putin have separately agreed in principle to meetAPAC stocks traded mostly negative before trimming losses on the Biden-Putin upd

European bourses are contained around the unchanged mark, Euro Stoxx 50 +0.2%, as an initially positive open on geopolitical developments waned as we await further drivers.US futures are deriving greater upside from the reported meeting of US-Russian officials today and next week; however, focus tur

Sentiment picked up following reports of a meeting between the US Secretary of State and Russian Foreign Minister late next weekUS President Biden is to hold a meeting on Friday with the heads of NATO, EU, France, Germany, UK, Italy, Poland, and RomaniaAPAC stocks maintained a mild downside bias, US

Risk sentiment remains at the whim of geopolitics, US futures lower across the board (ES -0.5%) while European bourses are somewhat cushioned on corporate updates (Euro Stoxx 50 Unch.)Crude benchmarks are pressured as we await clarity on reported shelling in Donbas; currently, WTI and Brent remain a

Markets saw risk-off trade following reports of mounting tensions in Ukraine via Russian press – awaiting confirmation from Ukraine/NATORussian-backed separatists claimed that Ukraine opened fire in the Donbas region;  a US official said there are more Russian troops at the border and not fewer

European bourses (Eurostoxx 50 unch.) trimmed early gains as NATO Sec. Gen. Stoltenberg pushed back on claims of Russian troop withdrawals, adding he is yet to see signs of a de-escalation.US futures (ES -0.1%) sit in minor negative territory amid the pullback in risk sentiment; traders await US ret

US stocks finished with firm gains across the board; Russell 2000 and Nasdaq led the gainsAPAC stocks traded higher following the optimism seen in European and US peersChinese PPI and CPI Y/Y printed below expectations and both cooled from the priorUS President Biden said an invasion of Ukraine is s

European bourses are firmer in a pick-up from a relatively contained open amid developments on the geopolitical front.Updates that some Russian troops are returning to base lifted US futures above Monday's best levels; ES +1.4%.On the Russian withdrawal, we are awaiting confirmation from a non-Russi

APAC stocks traded mostly lower following a similar handover from Wall Street (S&P 500 -0.4%); mainland China outperformedEuropean and US equity futures traded with a non-committal tone overnight but tilted lower as European players entered the frayKremlin spokesperson struck a conciliatory tone

European bourses are pressured across the board as geopolitics exacerbates a subdued APAC handover and soft end to the US week.Stateside, US futures are suppressed but faring better than EU comparables as participants await fresh Fed developments amid broader geopolitical focus.Dollar in demand alon

MON: Japanese GDP (Q4).TUE: UK Jobs Report (Jan/Dec); German ZEW Survey (Feb); US PPI (Jan).WED: FOMC Minutes; ECJ judgement on Rule of Law; Chinese Inflation (Jan); US Retail Sales (Jan); Canadian CPI (Jan).THU: CBRT Announcement; Australian Jobs Report (Jan); US Philly Fed (Feb); Japan Nationwide

Asian stocks traded mostly lower with the region cautious following the sell-off on Wall Street (S&P 500 -2%)US equity futures were mixed overnight, whilst European equity futures are indicative of a softer openDXY edged higher and topped 96.00. Antipodeans lag in the G10 FX spaceBiden and

European bourses are pressured, Stoxx 600 -0.8%, after a negative US close on hot-CPI was exacerbated by further hawkish Fed speak/speculation.US futures are in-fitting with their European peers with the NQ -0.8%, modestly underperforming.Buck boosted by hawkish rate rise and balance sheet reduction

US stocks tumbled after a hot CPI report pushed the 10yr yield above 2%; S&P 500 -1.81%, Nasdaq 100 -2.33%Fed's Bullard (2022 voter) favours 100bps of interest-rate increases by July 1st and a half-point rate hike in MarchAsian stocks declined following the weak US handover and remarks from

European bourses are mixed/positive having pulled back modestly from a firmer cash open, individual movers heavily dictated by pre-market earnings.US futures are contained but with a modest negative bias apparent as we await US CPI and subsequent Fed speak.DXY somewhat deflated into US CPI even thou

US stocks closed higher with the Nasdaq leading the advances amid a tech/growth bias; S&P 500 +1.43%, Nasdaq 100 +2.10%Asian stocks traded mixed as participants digested another deluge of earnings and US-China frictionsEuropean futures are indicative of a slightly higher open with the Euros

European bourses are firmer in a continuation of positive APAC/US trade, catalysts light thus far going into Thursday's US CPIUS futures post broad-based gains in a continuation of yesterday's action awaiting Central Bank speakGreenback ground down, but off recent lows ahead of Fed speakers on the e

US stocks were higher and finished near the best levels of the day; S&P 500 +0.8% at 4,520Asian stocks traded higher with earnings releases in focus and following the positive handover from Wall StEuropean futures are indicative of a firmer open with the Eurostoxx 50 future up by 0.9% after