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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

Trump tweets OPEC "Get prices down now!" - EMEA brief 21 Sep

Global equity markets are shining with the Japanese Nikkei hitting an 8-month high, Chinese shares on course to make their biggest weekly gains in 2 years, and a strong earnings outlook expected to continue. US stock market also looks to continue it's march to record highs are strong fund inflows support the market. Figures released on Thursday by EPFR Global quoted a $14.5bn inflow. The Hong Kong dollar (pegged to that of the USD) strengthened early Friday ahead of the US Federal

JamesIG

JamesIG

A bear market; Fed rate cuts; flash crashes - DFX Key Themes

Happy New Year everyone! Coming to Terms with a Bear Market We have experienced a remarkable level of volatility recently, which is particularly incredible from the past few weeks considering markets were distorted by holiday trading conditions. When volatility meets thin liquidity, the results can prove explosive. That said, the intensifying fluctuation in the global financial system is not just a phenomenon that could be attributed to shallow markets as we have seen both the price-ba

JohnDFX

JohnDFX

Could it be the end of the trade war?- EMEA Brief 07 Jan

US and China meeting in Beijing 7th - 8th Jan, to hold trade talks at vice ministerial level, looking to end the trade war as both economies are affected Theresa May warns the UK of an ‘uncharted territory’ if the Brexit deal is rejected by Parliament. May announces that she has agreed to some ‘changes’ whilst talking to European leaders including specific measures for Northern Ireland, a greater role for Parliament negotiations on the next stage of the future UK-EU relation and additiona

KatherineIG

KatherineIG

GBP 11 month lows - EMEA brief 7 August

Solid US earnings yesterday support the Asian market and China sees a rebound. GBP has slipped to its lowest level in 11 months on Brexit ‘no deal’ fears. The British heatwave and World Cup has boosted discretionary consumer spending in July according to Barclaycard. Oil gains as US renews sanctions against Iran. Gold gains slightly as lower price levels and the key level of $1200 support seen historically induce buying.   Asian overnight: Asian markets were

JamesIG

JamesIG

Clouds Loom as Chinese Economy Falters - EMEA Brief 14 Jan

Asian stocks fell as China's export data indicated a shock contraction, declining by 7.6% since July 2016. This points to deepening cracks in the world's second largest economy and increased fears of a significant slowdown in global growth and businesses.  The CSI 300 was down 0.8%, falling from a 3 week high reached on Friday. The Hang Seng slipped 1.4% as both the financial and technology sectors took a hit. US equities ended Friday with marginal losses, however the S&P 500 m

JoeIG

JoeIG

Trend reversals and new lows - APAC brief 12 Oct

What happened? The sell-off continues, and despite a brief pause during Wall Street trade that opened hopes of an end to this rout, it was quickly dashed as investors went back to dumping stocks. The chaos that has ensued in the last 24 hours raised myriad of questions. But the first one is inevitably this: why did that happen? In short: there’s not a clear answer. That isn’t to say that there isn’t reasoning behind the sell-off; on the contrary, there’s plenty to explain it. Rather, it’s a matt

JasmineC

JasmineC

Post-Fed; yield curve inversion; another reset in the Brexit timeline - DailyFX Key Themes

In the Aftermath of the Fed The baton has been dropped. The Federal Reserve was by far the most aggressive major central bank through this past financial epoch (the last decade) to embrace ‘normalization’ of its monetary policy following its extraordinary infusion of support through rate cuts and quantitative easing (QE). Over the past three years, the central bank has raised its benchmark rate range 225 basis points and slowly began to reverse the tide of its enormous balance sheet. As of

JohnDFX

JohnDFX

China's exports beat expectations for January - EMEA Brief 14 Feb

Figures released for China's exports in the month of January show a 9.1% growth year on year on its dollar-denominated exports. This has beat expectations of a 3% drop in exports  predicted for the month of January on the back of December's 4.4% drop. This increase brings the total Chinese trade surplus to $39.16 billion for the month of January, notably lower than the $57.06 billion surplus in December. Despite the better than expected figures, some investors are still weary about this signalli

DanielaIG

DanielaIG

D&G products removed on a number of Chinese major e-commerce sites- EMEA Brief 23rd Nov

Dolce and Gobbana tension rises as their goods are no longer available on a few Chinese e-commerce sites, including Taobao and JD. Com.  Spain threatens to vote against the Brexit deal as they request that any decisions in relation to the territory of Gibraltar to only be discussed directly with Madrid. EU negotiators are meeting today to try and resolve this before the summit taking place on Sunday Asian markets show a decline with the Shanghai composite falling 2.25%, the Shenzhe

KatherineIG

KatherineIG

High Stakes at the G20 Summit - EMEA Brief 30 Nov

The G20 summit in Argentina begins today, where discussions around trade, Brexit, and tensions between Russia and Ukraine are expected to be the dominant topics to take centre-stage.  FOMC minutes released yesterday pointed towards another rate hike in December, with concerns that trade tensions and corporate debt could impact growth. China’s official PMI fell to 50.0 in November from 50.2 last month, adding pressure on the country to implement more economic support measures amid t

JoeIG

JoeIG

Mercedes gunning for Tesla - EMEA brief 05 Sep

Stocks have fallen whilst the dollar remains effected on trade tensions and tariff wars. The AUD has given up gains on GDP data. Despite being the most shorted stock on Wall Street (even ahead of Tesla), Amazon pipped the $1 trillion valuation briefly yesterday as it surpassed the $2,050.27 a share requirement. Its expected that there will be no change in the FTSE 100 for the first time in 12 years today with no individual constituents being upgraded or downgraded. The Briti

JamesIG

JamesIG

Overnight bounce - APAC brief 22 Nov

Written by Kyle Rodda - IG Australia Overnight bounce: A bounce in equities has finally arrived, unwinding some of the week’s heavy losses. As it currently stands, the NASDAQ – ground zero for much of the recent market correction – is leading the pack, up 1-and-a-half per cent for the day, followed by the S&P, which is up 0.8 per cent, and the Dow Jones, which is up 0.65 per cent. Volumes are down generally speaking, so the recovery today lacks bite – though the Thanksgiving holiday in

MaxIG

MaxIG

Wall Street momentum - APAC brief 27 Dec

Written by Kyle Rodda - IG Australia A big bounce, but a bottom? There’s little shortage of folks calling a bottom in the market this morning, but in truth it’s too early to tell if we are there yet. Sentiment indicators and other market internals suggest that the market could be oversold right now, however a short squeeze here-and-there and a shake-out of a few opportunistic bears doesn’t necessarily mark a change of trend. It’ll be returned to towards the end of this note, but in the inte

MaxIG

MaxIG

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

HSBC misses earnings expectations- EMEA Brief 19 Feb

HSBC fails to beat expectations for 2018 earnings, reporting 15.9 percent higher in pre-tax profit and 4.5 percent in revenue, in comparison to 2017, against the expected 23.8 percent increase in pre-tax profit and 6.28 percent for revenue Trade talks between the US and China begin today in Washington, which according to a top official from the US Chamber of Commerce, can only progress if Trump’s administration also creates ways to enforce a trade agreement Asian stocks mixed after

KatherineIG

KatherineIG

Uber files for IPO ahead of corporate earnings season today - EMEA Brief 12 Apr

Uber has officially filed paperwork for the company's imminent IPO after observing rival Lyft's share price surge on opening only to fall below its IPO price later on. The ride-hailing company will be listed under the ticker "UBER" on the New York Stock Exchange. You can see how you can trade Uber's upcoming IPO on the IG website here. It was a muted day for US equities on Thursday as the major indices remained little changed ahead of JP Morgan and Wells Fargo earnings announcements later

GeorgeIG

GeorgeIG

More Misery for May - EMEA Brief 14 Dec

European Commission President Jean-Claude Juncker stumped Theresa May's effort to renegotiate on a key Brexit withdrawal point, namely the Irish Backstop. China's reported industrial output and retail sales growth missed expectations. Industrial output growing by only 5.4% in November the slowest rate of increase in almost three years.  Asian Stocks fell as China's economy shows weakening. Shares in Hong Kong and Japan led declines, Japan Topix index sliding 1.5% and Shanghai Compo

MichaelaIG

MichaelaIG

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

ASX Rallies on Weak Australian Dollar - EMEA Brief 22 Feb

The AUD continues to trade lower following the Chinese ban of Australian coal to its Dalian port. The ASX has benefited for the weaker exchange rate as it is trading at its highest level since October. Trump yesterday tweeted about not inhibiting technology from coming to the US with specific references to 5G networks implemented by the Chinese firm Huawei. This suggests a softer stance towards the Chinese firm which recently saw governments stating they would no longer allow the company

IGAaronC

IGAaronC

Brexit EU Summit - EMEA Brief 17 Oct

Trump announces that the Fed is his biggest threat as they are increasing rates ‘too quickly’ Theresa May is to visit Brussels for an EU summit today to agree on the terms of the UK-EU agreement, in order for a final decision to be made in November Netflix quarterly results show yet another rise in new subscribers, signing up 6.96 million customers in this quarter, totaling a global amount of 137.1 million Canada becomes the second country to legalise the use of Cannabis and

KatherineIG

KatherineIG

ECB to end QE - EMEA brief 15th June

The ECB announced the end of QE with plans to half asset purchases starting in September. ECB interest rates left unchanged, but hints at "the summer of 2019" for a change. Euro slides. Trump plans to impose $50bn in tariffs on China, met with a pledge of retaliation.  BoJ to keep stimulus unchanged. Brent continued declines as Saudi Arabia and Russia hint that production figures could rise. Unilevel is "extremely unlikely" to remain in the FTSE after it's plan

JamesIG

JamesIG

Weekend margin

Changes to margin this weekend  We will be increasing a range of minimum  margin rates on new positions only going into the weekend, as per the below. No impact for retails traders or markets where minimums are already higher and no changes to any existing positions. Indices to 5% at 16:00 GMT FX/Gold to 3% at 16:00 GMT Oil (energies) to 15% at 16:00 GMT We will revert to lower margins rates on Sunday with minimum rates of 1% Indices/FX and 5% Oil. Once again these

Volatility lower; risks remain - APAC Brief 12 Nov

Written by Kyle Rodda - IG Australia Volatility lower; risks remain: Financial markets face far fewer risk events this week, but as has been repeatedly observed in recent months, that does not preclude the possibility of ample volatility. If anything, with so much global economic and political uncertainty at present, the absence of news can make already murky circumstances appear murkier. Traders are still jumpy and rather trigger happy, though implied volatility has been downgraded over the

MaxIG

MaxIG

UK Axes Criticised Ferry Contract - EMEA Brief 12 Feb

Another shutdown of the US government has reportedly been avoided in the latest round of negotiations. Following the longest shutdown in the history of the US at the start of this year, the government was opened temporarily whilst budget negotiations continue. US markets had a mixed session yesterday with the Dow down 0.21% but the S&P and Nasdaq marginally higher at 0.13% and 0.07% gains respectively. Could the end of shutdown fears spur a rally in today’s session?  With a sub

IGAaronC

IGAaronC

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