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Facebook Earnings "LIKED" by Shareholders - EMEA Brief 31 Jan

Facebook shares soared 12% after Earnings report of $2.38 per share crushed $2.19 expectation. Facebook's revenue forecast of $16.39 billion was also outdone coming it at a reported $16.91 billion Tesla shares fell 5% in after hours trading after disappointing earnings report of $1.93  per share. This came after a 3.8% share rise in the regular session pre-results. Microsoft also saw underwhelming results report. Despite beating earnings expectation of $1.09 by 1 cent per share, Mi

MichaelaIG

MichaelaIG

Brexit Amendments and Apple Earnings - EMEA Brief 30 Jan

MP’s have voted to remove the Irish backstop and remove the possibility of a No-Deal Brexit in the latest round of Commons voting.  Venezuela’s Maduro is reported to have said he is ready to talk to the opposition. This could hopefully stop the escalation of unrest in Venezuela which yesterday saw defectors calling on the Trump administration to arm them against Maduro, labelling him a dictator. The FTSE gained 1.75% yesterday whilst the Dow gained 0.8% Meanwhile the Hang Se

IGAaronC

IGAaronC

UK MPs hold their own 'Super Tuesday' - EMEA Brief 29 Jan

As MPs prepare to vote on amendments to the Brexit Plan, Theresa May has set the 13th of Feb as the date to hold a second round of voting on her Brexit deal. Apple is set to release its Q4 earnings after market close today. According to Zacks Investment Research, the EPS is expected to be $4.17, an increase of 7% YoY. This will be a crucial earnings report for Apple, as it pre-announced its December results on January 2nd, lowering revenue expectations by 8%, and blaming the slowdown on w

DanielaIG

DanielaIG

Dividend Adjustments 28 Jan - 04 Feb

Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 28 Jan 2019. If you have any queries or questions on this please let us know in the comments section below. For further information regarding dividend adjustments, and how they affect  your positions, please take a look at the video.  NB: All dividend adjustments are forecasts and therefore speculative. A dividend adjustment is a cash neutral adjustment on your account. Specia

JeremyC

JeremyC

US government shutdown ends; Brexit Plan B vote; heavy data week - DailyFX Key Themes

The US Government Shutdown is Over, Now What? Late last week, US President Donald Trump announced from the White House that he would back a stopgap funding bill that would reopen the federal government in full. This would mark the end of a record-breaking (35-day) partial shutdown of the US government. Normally, that would be reason for a swell in market enthusiasm. An onerous pressure on the US economy – a 0.13 percentage point reduction in GDP – suddenly lifted would typically manifest in

JohnDFX

JohnDFX

U.S. Government Shutdown Ends After 35 Days - EMEA Brief 28 Jan

The 35 day partial US government shutdown has ended after Trump conceded his demand for $5.7 billion to build his border wall as a condition for reopening the government. The temporary measure will fund the government for three weeks while Congress try to craft an immigration deal that pleases the president.  US equities closed at a high on Friday as a solution for the partial government shutdown is reached. The Dow closed 0.8% higher at 24,737.20, whilst the S&P 500 also gained 1% an

JoeIG

JoeIG

Wake up and smell the coffee; Starbucks beats sales expectations - EMEA Brief 25 Jan

Coffee giant Starbucks announced that same-stores sales grew by 4% in its home US market, with overall revenue also beating expectations. Speaking about the results, CEO Kevin Johnson said that "Our streamline efforts over the past six quarters are paying off by allowing us to bring more focus and discipline to our three strategic priorities". Talks are continuing in the US as the Senate tries to reach an agreement to end the government shutdown, which is now in its 34th day. The White ho

GeorgeIG

GeorgeIG

Mixed results - APAC brief 25 Jan

Sentiment weaker; but ASX to rise: SPI Futures are indicating an 11-point gain at the outset for the ASX200 this morning. It's perhaps a surprising result, given overnight activity. The chorus of pundits calling an economic slowdown grew louder, backed up by weak data and some unfavourable headlines. The Australian Dollar is better reflecting the dynamic: it's fallen through the 0.7100 level to eye support at 0.7040. Perhaps the weaker A-Dollar is behind some of the expected lift in Aussie stock

MaxIG

MaxIG

Carlos Ghosn gone as Chief of Renault - EMEA Brief 24 Jan

After twenty years as a prominent business leader in the global auto industry, Carlos Ghosn resigned the top job at Renault late on Wednesday. He will be replaced as Chairmen by Michelin chief Jean-Dominique Senard and as CEO by Thierry Bollore. The news could shake the unstable Renault stock, as markets would balance their trust on the restored leadership with the implied uncertainty. It was an exciting trading session in Singapore as Jardine Matheson Holdings Ltd plunged about 83% in pr

IG-Andi

IG-Andi

The control of the market - APAC brief 24 Jan

The control of the market: The bulls and bears are circling one another, with neither to take control in a meaningful way this week. There is a vacillating in sentiment, maybe as each side recognizes that not enough information has emerged this week to tip favour towards one camp or another. Moments like these can be opportunities whereby markets build to a breaking point. It becomes a matter now of waiting for the necessary evidence to buy-in or sell-out. Headlines are determining intra-day mov

MaxIG

MaxIG

US cancels trade meet with Chinese Officials- EMEA Brief 23 Jan

A mixed session for the Asian markets this morning, following the report of the US cancelling the trade meet with Chinese officials due to outstanding disagreements over intellectual property rules. Shanghai composite, Hang Seng Index and Nikkei 225 rose slightly in comparison to ASX 200, Shenzhen component and Shenzhen composite which saw a slight decline US stocks fall overnight as the Dow Jones Industrial Average declined by over 300 points, the S&P 500 by 1.4% and Nasdaq Composite

KatherineIG

KatherineIG

The pull-back is here - APAC brief 23 Jan

The pull-back is here: The pull-back markets were waiting for – the one we inevitably had to have – has arrived. It’s risk-off across financial markets and the optimism that drove global stocks off their December lows has subsided. Relatively speaking, it’s been a day of significant downside, but nothing yet to warrant tremendous fear. It should be common knowledge, but it bears repeating: proper validation that global equities have truly established a recovery ought to be judged not by the late

MaxIG

MaxIG

Gloomy Days Ahead as IMF Cuts Global Forecasts - EMEA Brief 22 Jan

The IMF has cut its forecasts for growth as it says the global economic expansion is losing its momentum, projecting a 3.5% growth rate worldwide for 2019, 0.2 percentage points less than its forecasts in October. This comes just hours after China announced its slowest economic growth in almost three decades. Meanwhile, over at the World Economic Forum in Davos, there are ongoing talks over an array of current or potential crises, from the US-China trade war to the uncertainty surrounding

JoeIG

JoeIG

Bullishness settles - APAC brief 22 Jan

Bullishness settles: The ASX200 was sold into the close on a day where the market's bullishness stalled. Nevertheless, the index ended the day in the green, adding 10 points. It's a very headline driven market currently, and the finger is being pointed to news that the US and China are squabbling over intellectual property protections as the cause for the cooler sentiment. US markets were closed for the Martin Luther King Day public holiday, so the lack of tradeable information probably hindered

MaxIG

MaxIG

Chinese Growth Lowest in 28 Years - EMEA Brief 21 Jan

Chinese growth has officially fallen to its slowest in 28 years. Fourth quarter figures have been announced which confirm analysts’ expectations that growth would be 6.4%, averaging 6.6% for the year. The US shutdown has now entered its 30th day. Trump offered protections for ‘Dreamers’ in an attempt to negotiate but this was quickly rejected by democrats as inadequate. Analysts now believe the shutdown will cause a 0.25% reduction in growth figures for the first quarter of 2019. J

IGAaronC

IGAaronC

Trade wars improving?, topics for Davos, Brexit timelines - DailyFX Key Themes for the EMEA region

Trade War Rumors are Generating as Much Reaction as Official Announcements  The trade war remains one of the most far-reaching and economically-threatening themes currently assailing the global markets. After more than a year of escalation whereby the market has acclimated to a steady flow of stories detailing the malaise this conflict has sown, it should come as little surprise that the market has grown somewhat deadened to hints that conditions may grow marginally worse. Yet, in contrast,

JohnDFX

JohnDFX

The bulls are coming back: APAC brief 21 Jan

The bulls are coming back: Traders received the greenlight to jump into risk assets on Friday. It culminated in a substantial jump across global equities and a certain “risk-on” attitude to trading. The impetus was arguably more technical than fundamental. The boost in sentiment in being attributed mostly the leaked news that Treasury Secretary Stephen Mnuchin was planning to lift US tariffs on China. Whatever the motive, nefarious or simply untrue, that story was quickly denied by the White Hou

MaxIG

MaxIG

Dividend Adjustments 21 Jan - 28 Jan

Expected index adjustments  Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 21 Jan 2019. If you have any queries or questions on this please let us know in the comments section below. For further information regarding dividend adjustments, and how they affect  your positions, please take a look at the video.  NB: All dividend adjustments are forecasts and therefore speculative. A dividend adjustment is a cash neutral ad

MaxIG

MaxIG

Stranger Things Have Happened: Netflix Earnings and More – EMEA Brief 18 Jan

Netflix announced subscriber growth of 8.8 million over the past year giving them a total of more than 139 million. Meanwhile, their quarterly revenue was up 27% from the same period in 2017 but the share price is down 3% as they failed to hit analysts’ expectations. Theresa May has rejected calls of Jeremy Corbyn to rule out a no deal Brexit whilst the FTSE yesterday stayed flat. American Indices were up yesterday with the Dow gaining 0.67% despite no resolution to the US governme

IGAaronC

IGAaronC

Mixed trade - APAC brief 18 Jan

Mixed trade across the globe: Global equity indices have traded mixed in the last 24 hours. Asian trade was soft, European trade was poor, while US indices look as though they will deliver another day in the green. This may not be such a bad thing: perhaps the differing performance across regional indices is a sign of a more discerning market place. Panic about the global economic landscape has subsided for now, allowing traders to take a more nuanced view of the asset class. There is a degree o

MaxIG

MaxIG

May Day: Theresa survives but for how long?

Theresa May's government holds onto power, winning a no-confidence vote in parliament last night by 325 votes to 306. The Prime Minister has now set out to reach a cross-party solution for Brexit, although this will be extremely difficult as the PM was snubbed by the leader of the opposition last night saying that she is in charge of a "zombie government". Sterling remained steady as the currency traded around the 1.2875 mark against the dollar after, as expected, Mrs May's government won

GeorgeIG

GeorgeIG

Bullishness rolls on - APAC brief 17 Jan

Bullishness rolls on: The bullish correction in financial markets continues, and global equity markets are rolling on. It’s a matter of contention as to why this rally hasn’t been faded, just in the short term. Stocks were oversold on a technical basis, and the market internals were very over-stretched at the deepest trough of the recent sell-off. An elastic band effect was expected – a brief snap back in to place. Perhaps complacency will bite at some stage, and the rally in risk-assets will pr

MaxIG

MaxIG

Double defeat: Will May survive no confidence vote? - EMEA Brief 16 Jan

May's Brexit deal rejected by 230 votes making may's defeat the biggest in UK history of sitting governments. The no vote saw the GBP rise 0.05% to $1.28. As a result of the landslide defeat May is to face vote of no confidence, the vote is expected to be held at 19:00 GMT. Asian Stocks saw a mixed reaction following the Brexit news. Japan's Nikkei 225 fell 0.55% to 20,442.75 and the Topix index followed suit falling by 0.32% to 1,537.77 whilst the Kospi rose 0.43% to 2,106.1.

MichaelaIG

MichaelaIG

The Brexit-vote fall-out - APAC brief 16 Jan

ASX’s looming recovery: The ASX200 has clawed itself to a level on the cusp of validating the notion that the market has bottomed. It might feel that we ought to already be at that stage, given we sit 7-and-a-half per cent of the markets lows. But turnarounds take time to be confirmed, and now having broken psychological-resistance at 5800, Australian equities are inches away from that point. There are counterarguments to be made, to be fair: the recent rally has come on the back of lower volume

MaxIG

MaxIG

The meaningful vote: not-so-bad outcome or disaster? - EMEA Brief 15 Jan

Crude oil bounced higher overnight after a free-fall since Friday. WTI floated past $51.50 a barrel, after gaining 1.29%, as the markets struggle to balance out the OPEC production cuts with concerns over global growth and increased US production.  Gold prices held steady as investors balance out the strong trading session in Asia with expectations of fewer interest rate hikes by the US Fed. The yellow metal lost about 0.2%, trading at $1,291.33 at 6am GMT. Asian equities gained as

IG-Andi

IG-Andi

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