Major US indices logged its first weekly decline in a month to break its four-week winning streak, as a display of commitment for further tightening from Fed members drove some unwinding of market expectations for a dovish pivot.
Source: Bloomberg
Forex Indices Federal Reserve S&P 5
‘FED PIVOT’ IN THE REAR VIEW MIRROR AS USD RETAKES THE DRIVING SEAT
With euro fundamentals seemingly unchanged for now, markets turned their attention to a whole host of Fed officials as they remain united in the direction of future rate hikes but divided on the terminal rate.
George, Kashkari, Daly and Bullard all had their say with Daly perhaps the most cautious in her message of not wanting to “overdo policy”, while Bullard remained true to his hawkish tag, stating that he is keen o
Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 22nd August 2022. These are projected dividends and likely to change. IG cannot be held responsible for any changes made.
Dividends highlighted in red include a special dividend, therefore some or all of the amount will not be adjusted. Amount in brackets is the expected adjustment after special dividends excluded (where shown on major indices). Dividend adjustments due to be posted on
Despite recent recovery, NVIDIA’s share price is still down close to 40% year-to-date. Can its upcoming Q2 results perform up to expectations?
Source: Bloomberg
Shares Nvidia United States Price Revenue Share price
Battery metals have yet to prove themselves, but recent political moves in the United States, with the Inflation Reduction Act, has brought the sector back into sharp focus.
Lithium Metal United States
IGTV’s Jeremy Naylor caught up wi
With a number of cryptocurrencies still entering the market today, interest in trading the asset is high as ever. Find the right cryptocurrency trading strategy for you by browsing our list of strategies below.
Source: Bloomberg
Wh
Breaking down crypto’s biggest problem and exploring decentralisation, security, and scalability.
Blockchain Cryptocurrency Decentralization Scalability Finance Ethereum
The value of cryptocurrencies has plummeted this year. Despite th
Global payment solutions provider Change Financial wants to raise $5.72 million in funds to accelerate the development and growth of its flagship product offering Vertexon.
Source: Bloomberg
Indices Shares Debit card Financial technology CFD Bank
The US equity markets delivered its fourth straight week of gains to end last week, with the rebound over the past month effectively recovering close to half of their bear market sell-off.
Source: Bloomberg
Forex Indices China Stock market index S&P 500 EUR/USD
UK inflation in focus as divergence with the US could highlight potential differences in monetary policy outlook.
Source: Bloomberg
Forex Inflation Price United States United States dollar Pound sterling
HAT IS CONTRACTIONARY MONETARY POLICY?
Contractionary monetary policy is the process whereby a central bank deploys various tools to lower inflation and the general level of economic activity. Central banks do so through a combination of interest rate hikes, raising the reserve requirements for commercial banks and by reducing the supply of money through large-scale government bond sales, also known as, quantitative tightening (QT).
It may seem counter-intuitive to want to lower
While Disney claims to have overtaken Netflix in subscriber terms, there is more to the numbers than first meets the eye.
Source: Bloomberg
Shares The Walt Disney Company Netflix Subscription business model Streaming media Bob Chapek
The RBA’s August policy minutes in focus ahead of wage data due out later this week and AUD/USD approaches the 0.7000 psychological level after a big overnight drop.
Source: Bloomberg
Forex Commodities Australian dollar China AUD/USD Price of oil
EUR/USD, GBP/USD, and AUD/USD turn lower, but the uptrend seen over the course of the past month brings the potential for another upward move before too long.
Forex United States dollar EUR/USD Euro GBP/USD AUD/USD
EUR/USD falls back i
The summer rally has helped improve the outlook for stocks after a tough first half of the year, but both the bullish and bearish cases have powerful arguments supporting them.
Source: Bloomberg
Indices Shares Commodities Inflation Market trend S&P 500
Investors are keen to glimpse the outlook from BHP’s upcoming annual report after rival Rio Tinto disappointed investors due to heightened uncertainties.
Source: Bloomberg
Shares Commodities BHP Rio Tinto Iron ore Share price
Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 15th August 2022. These are projected dividends and likely to change. IG cannot be held responsible for any changes made.
Dividends highlighted in red include a special dividend, therefore some or all of the amount will not be adjusted. Amount in brackets is the expected adjustment after special dividends excluded (where shown on major indices). Dividend adjustments due to be posted on
The US Dollar remains fragile after US PPI eased in July. In a remarkedly similar response to soft CPI data the day before, markets extrapolated a less hawkish Federal Reserve going forward.
This notion was once again shot down, this time by San Francisco Federal Reserve Bank President Mary Daly in an interview with Bloomberg television after the New York close.
She said that a 50 basis point (bp) lift to rates is her base case at the September Federal Open Market Committee (FOMC) meet
Crude oil is steady through the Asian session ahead of the all-important US CPI later today.
This is despite the American Petroleum Institute (API) reporting that inventory of US crude increased by 2.2 million barrels last week, a large difference from the forecast 400k decrease.
The increase in stockpiles may have been offset by news that a Russian oil pipeline to central Europe had been shut down last week. The WTI futures contract is near US$ 90 bbl and the Brent contract is above U
S&P 500 and Nasdaq 100 decline for the second day in a row on fragile market sentiment and July’s U.S. inflation data due for release Wednesday will set the tone on Wall Street in the coming days.
Source: Bloomberg
Indices Shares Inflation Nasdaq-100 S&P 500 Nasdaq
Asia-Pacific traders brace for volatility after stocks fall in New York; China’s July CPI print is seen rising to the highest since April 2020 and USD/CNH traders around 20-day SMA as bears eye trendline support.
Source: Bloomberg
Forex Shares China USD/CNH United States dollar Consume