The Premarket Movers & News by Newsquawk

MON: Norwegian Elections; OPEC MOMRTUE: UK Jobs Report (Jul); US CPI (Aug); IEA OMRWED: UK Inflation (Aug); EZ Industrial Production (Jul); US NY Fed Manufacturing (Aug); Canadian CPI (Aug); New Zealand GDP (Q2)THU: Australian Labour Force (Aug); US Philly Fed (Sep) and Retail Sales (Aug)FRI: UK Ret

Asia-Pac stocks began the week cautiously; US equity futures faded their earlier mild gainsIn FX, the DXY was steady, EUR/USD and GBP/USD were subdued and USD/JPY traded choppyGlobal Times Editor warned Taiwan of "full scale" sanctions and military patrols following the proposal to rename Taiwan’s U

European equities (Stoxx 600 +0.3%) trade on a marginally firmer footing with the Stoxx 600 attempting to recoup some of the week's lossesUS equity futures are modestly firmer across the board with mild outperformance in the RTYUS President Biden and Chinese President Xi had a broad and strategic di

Asian stocks approached the weekend with a brightened mood as the region nursed recent lossesGains overnight were in contrast to a soft US close with the S&P 500 down just shy of 1% for the weekUS President Biden and Chinese President Xi spoke for the first time in seven monthsThe White House st

Eurozone bourses have rebounded off worst levels but remain softer overall; US equity futures have recouped most of the earlier lossesFed's Bostic noted that recent data and the resurgence of COVID call for more time before a decision on reducing stimulus for the economyChinese inflation data showed

Asia-Pac stock markets were mostly negative as the downbeat mood rolled over from the US and EuropeChinese inflation data showed softer than expected consumer prices but firmer factory gate pricesBoE Governor Bailey stated that the MPC was split as to whether minimum necessary conditions were met to

Bourses in Europe saw losses intensify shortly after the cash open; US equity futures followed suit but have since regained composureIn FX, the DXY sits further above 92.50, EUR/USD and GBP/USD trade on 1.18 and 1.37 handles respectivelyFed's Bullard (2022 voter) said the Fed should proceed with tap

Asia-Pac equity markets followed suit from the lacklustre performance in the USSentiment stateside was subdued on return from Labor Day with weakness seen in cyclicalsIn FX, the DXY sits above 92.50, EUR/USD and GBP/USD trade on 1.18 and 1.37 handles respectivelyUS Democrat Senator Manchin privately

Bourses in Europe have retained the uninspiring price action seen at the cash open (Euro Stoxx 50 -0.1%; Stoxx 600 -0.1%)In FX, DXY remains on the front foot to the detriment of G10 peers; USD/JPY eyes 110.00 to the upside while GBP/USD probes 1.3800Crude prices have extended their declines as US pl

Asia-Pac stocks traded cautiously as the region struggled for direction post-US market closuresThe RBA announced it is to proceed with tapering whilst also extending the period to at least February from mid-NovemberChinese trade data topped estimates in USD terms with a 25.6% Y/Y jump in exportsThe

MON: EZ Sentix Index (Sep), US Labour Day, US Unemployment Benefits endTUE: RBA Policy Decision; German ZEW Survey (Sep); EZ GDP R (Q2); Chinese Trade Balance (Aug)WED: BoC Policy Decision; Japanese GDP R (Q2); EIA STEOTHU: ECB Policy Decision; Chinese Inflation (Aug); German Trade Balance (Jul)FRI:

Asia-Pac stocks were mostly positive but with gains somewhat limited post-NFPNikkei 225 (+1.8%) continued the outperformance that was spurred by the approaching leadership change in JapanUS equity futures were contained amid the Labor Day holidayIn FX, the DXY has attempted to claw back recent losse

European bourses are contained but with a negative bias while US futures have a slight positive bias, ES +0.2%Both Caixin Services and Composite PMIs fell into contractionary territoryFX space is very contained with antipodeans modestly outperforming once again while USD/JPY rose above 110.00 briefl

Asia-Pac bourses showed a positive bias after further disappointing PMIs from China only partially offset the tailwinds from the USYesterday, the S&P 500 and Nasdaq Comp registered fresh all-time highsBoth Caixin Services and Composite PMIs fell into contractionary territoryJapanese PM Suga will

European bourses/US futures are modestly firmer in quiet and rangebound trade before today's US data; ES +0.2%FX sees the DXY lower but still above Wednesday's trough with peers, ex-CHF/JPY, firmerWTI & Brent have recovered from yesterday's downside and the benchmarks are modestly firmer post-OP

Asian equity markets took their cues from a similar indecisive performance statesidePrice action in the FX space is contained as DXY oscillates around the 92.50 markPost-tropical storm Ida continued to cause havoc stateside with NYC declaring a state of emergencyWTI crude futures are slightly lower

European bourses/US futures are firmer but off highs after a cautious APAC handover following Chinese PMIs and before Tier 1 US data; ES +0.3%Chinese Caixin PMI slipped into contractionary territory for the first time since April last yearThe morning's OPEC related sources indicate that they will co

Asian stocks traded cautiously after further disappointing Chinese PMI data and a soft handover from the USThat said, losses on Wall Street were marginal and all major indices registered a seventh consecutive monthly gain for AugustChinese Caixin PMI slipped into contractionary territory for the fir

European bourses are firmer though are off post-EZ CPI highs, Euro Stoxx 50 +0.4%; US futures have pared overnight gains, ES +0.1%Chinese Manufacturing PMI missed estimates, while Non-Manufacturing and Composite PMI both showed a contraction for the first time in 16 monthsThe DXY remains downbeat wi

The S&P 500 and Nasdaq extended on record highs led by growth and techAsian equity markets traded cautiously as participants digested disappointing Chinese PMI dataChinese Manufacturing PMI missed estimates, while Non-Manufacturing and Composite PMI both showed a contraction for the first time i

European equity bourses and US futures are modestly firmer but near unchanged levels in minimal newsflow; ES +0.1%, RTY +0.3%USD is bid but the index remains sub-93.00 as antipodeans and CHF take the brunt of the downside while core debt is marginally firmerChina has unveiled new restrictions on you

MON: UK Holiday (Summer Bank Holiday); German Flash CPI (Aug); EZ Sentiment Survey (Aug)TUE: OPEC+ JTC Meeting; Chinese Official PMIs (Aug); EZ Flash CPI (Aug); Canadian GDP (Q2)WED: OPEC+ Meetings, Australian GDP (Q2); Chinese Caixin Manufacturing Final PMI (Aug); German Retail Sales (Jul); EZ, UK,

Asia-Pac stocks were mostly positive with the region mildly taking impetus from last Friday's gains on Wall StThe S&P 500 and Nasdaq extended on record highs post-PowellIn FX, the DXY remains softer and sub-93.00, EUR/USD has reclaimed 1.18 statusThe SPD has continued to make further gains in th

European bourses are little changed while US futures have a marginal upward bias in limited newsflow pre-PowellFed speak via just Bostic thus far, who stuck to his familiar 'hawkish' language around a taperThe DXY straddles 93.00 and is marginally softer with peers contained; core debt is slightly s

Asia-Pac bourses traded mixed although have shown an improvement compared to the losses in global counterpartsLosses in the US came in the context of recent hawkish Fed rhetoric ahead of Powell and events in AfghanistanThe DXY straddled 93.00 amid a non-committal tone and contained price action in t