The Premarket Movers & News by Newsquawk

APAC stocks were mostly positive amid strength in the energy sector although gains in the broader market were capped as participants digested disappointing Chinese Caixin Manufacturing PMI.Crude rose following the surprise voluntary output cuts by OPEC+ members totalling over 1mln bpd from May throu

MON: Japanese Tankan Survey (Q1), Caixin Manufacturing PMI Final (Mar), EZ/UK/US Final Manufacturing PMI (Mar), US ISM Manufacturing PMI (Mar).TUE: RBA Announcement, South Korean CPI (Mar), US Durable Goods R (Feb).WED: RBNZ Announcement; Hong Kong Market Holiday, EZ/UK/US Final Services and Composi

European bourses are slightly firmer following APAC/post-HICP; US more tentative pre-PCE.EZ HICP YY cooled more than expected while the core measures were in-line causing EGB upside.Specifically, Bunds spiked to a 135.64 peak with ECB pricing easing slightly for May.EUR saw fleeting movement while U

APAC stocks were mostly firmer after taking impetus from the tech-led gains on Wall Street and better-than-expected Chinese PMI figures.Chinese Manufacturing PMI topped forecasts and Non-Manufacturing PMI rose to its highest since 2011.European equity futures are indicative of a marginally high

European bourses are higher following cooler German-state/Spanish inflation metricsUS futures hang onto Wednesday's upside with current gains more contained vs European peersUSD softer with Fed speak ahead to the modest benefit of G10 peers, GBP leads with Cable above 1.2350Bunds led an initial rall

Nasdaq 100 entered a technical bull market after gaining 20% from its December low and the SPX closed above its 50dma for the first time in over three weeks.APAC stocks traded mixed as the region only partially sustained the momentum from the US.European equity futures are indicative of a higher ope

European bourses/US futures are firmer as banking concerns continue to dissipate while tech outperforms.Upside in tech names follows updates from Infineon and Micron, MU +2.5% pre-market.DXY is erring lower and is sub-102.50 despite marked AUD & JPY pressure as EUR & GBP remain resilient.ECB

APAC stocks were mostly positive albeit with most major indices rangebound amid a lack of fresh macro drivers.European equity futures are indicative of a higher open with the Euro Stoxx 50 +0.4% after the cash market closed up 0.1% on Tuesday.DXY is contained just above the 102.50 mark, JPY is the s

European bourses were initially firmer in a continuation of the APAC tone; however, benchmarks have tilted slightly red as Banking names pare gainsStateside, futures are similarly softer ahead of the Senate Banking Committee hearing on the recent banking turmoilDXY is softer in relatively modest par

APAC stocks traded mixed with a mild positive bias as global banking sector fears continued to dissipate.European equity futures are indicative of a higher open with the Euro Stoxx 50 +0.3% after the cash market closed up 0.3% on Monday.In FX, DXY extended declines below 103, JPY leads G10 FX, EUR/U

European bourses are in the green across the board, Euro Stoxx 50 +0.9%, with banking names outperforming initially after the concerns at the tail-end of last week.Stateside, futures are more tentative though the ES +0.4% is firmer and back above 4k after incrementally losing the figure in the Europ

APAC stocks were mixed in mostly rangebound trade as markets took a breather from recent banking sector jitters.FDIC confirms that First Citizens (FCNCA) is to assume all deposits and loans of Silicon Valley Bridge Bank.European equity futures are indicative of a higher open with the Euro Stoxx 50 +

MON: German Ifo Survey (Mar).TUE: NBH Policy Announcement, US Advanced Goods Trade Balance (Feb), US Richmond Fed (Mar).WED: CNB Policy Announcement, Australian CPI (Feb).THU: SARB Policy Announcement, CBRT Minutes, Banxico Policy Announcement, Spanish Flash CPI (Mar), EZ Business Climate (Mar), Ger

Equities are back under marked pressure as banking sector concern re-intensifies within Europe, Euro Stoxx 50 -2.3% & ES -0.8%.Specifically, the European banking index SX7P -5.0% is the standout laggard as CDS' for the stocks continue to rise & focus on the redemption of notes by Deutsche Ba

APAC stocks were mostly subdued after the recent bout of central bank rate hikes.US Treasury Secretary Yellen said they are prepared for additional deposit actions if warranted.European equity futures are indicative of a lower open with the Euro Stoxx 50 -0.8% after the cash market closed up 0.3% on

European bourses are softer while US futures are firmer, but still shy of Wednesday's best levels.USD remains on the backfoot after Wednesday's FOMC, Antipodeans lead and GBP rises pre-BoE.CHF and NOK benefitted from 50bp and 25bp hikes respectively; EGBs remain underpinned but off best following th

The Fed delivered a widely expected 25bps rate hike but dropped its reference regarding ‘ongoing’ rate hikes.Fed kept its terminal rate view at 5.10%, while the median view for rates in 2024 was raised to 4.3% from 4.1%.US Treasury Secretary Yellen told lawmakers that the Treasury is not considering

Equities are firmer, ex-FTSE 100, as the constructive APAC tone continuesThough, action is contained in pre-FOMC action while the FTSE 100 lags post UK CPIA release that was unexpectedly hot and sparked a marked hawkish reaction, with Cable outperforming and Gilts lagging as suchDXY pressured on thi

APAC stocks sustained the momentum from Wall St. where the major indices rallied for a second consecutive day amid further stability in the banking sectorDXY was uneventful with price action across most of the FX space calm ahead of the FOMC; AUD outperformed on risk appetiteUS government officials

Sentiment remains constructive in Europe after a similar APAC handover with specific European-banking drivers limited.Stateside, the tone is in-fitting but to a slightly lesser extent awaiting updates to First Republic and the FDIC before Wednesday's FOMC.DXY has been pressured by the tone, with JPY

APAC stocks mostly tracked the gains on Wall St where some of the banking sector jitters dissipated.US officials are examining ways to permit the FDIC to temporarily insure deposits beyond the current USD 250k cap on most accounts, according to Bloomberg.European equity futures are indicative of a h

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