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Theresa May survives, Second Canadian diplomat apprehended in China - EMEA Brief 13 Dec

Prime Minister Theresa May won a vote of no confidence in her leadership of the Conservative party last night. The results showed that Mrs May won the vote by 200 to 117, securing 63% of the total votes, she is now immune from any further vote's of no confidence for a year. GBP has fallen back from Wednesday's highs despite Theresa May successfully defending her leadership as investors believed she would win by a larger majority, the pound is currently trading at $1.2617 against the dolla

GeorgeIG

GeorgeIG

Macro-drivers - APAC brief 01 Oct

Macro-drivers: Global markets endured a night of mixed trading, sandwiched between several risk factors, and the waning optimism of the USMCA. US indices were generally lower, although the large-cap Dow Jones managed to register new all-time highs. European markets were held back by grief surrounding Italian fiscal sustainability, coupled with lingering concerns about the outcome of Brexit. The general sense of risk aversion led to an appreciating USD and climb in US Treasuries, pushing yields o

JasmineC

JasmineC

Brexit- could this threaten a UK-US trade deal? EMEA Brief 27 Nov

Trump reported that Brexit could potentially threaten a UK-US trade deal, leaving Britain unable to negotiate a free-trade agreement with the US OPEC to meet in Vienna next week to discuss levels of oil production. It is expected to be cut down by 1million to 1.5million barrels due to worries of the US-China trade war Trump announced a potential introduction of applying a 10% tariff on iPhones imported from China, which could increase to 25% on January 1st Ukraine to bring m

KatherineIG

KatherineIG

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

UK CPI today - EMEA brief 18th July

Oil prices dropped after an industry group reported that U.S. crude inventories rose last week, defying analyst expectations for a significant reduction. Wage growth in Britain is slowing according to new data out yesterday, casting a shadow on the likelihood of a BoE rate hike in August. All eyes should be on UK CPI data later today. Feds Powell said the “best way forward”, despite an impending trade war, was to continue to gradually increase rates. IBM have backed a ‘stabl

JamesIG

JamesIG

Market volatility remains - EMEA brief 12th July

Asian overnight: Market volatility remains evident throughout Asia, with yesterday’s sharp tumble being followed up by a strong rebound overnight. Chief amongst those gainers were the Chinese markets, which gained ground despite the ongoing trade war with the US. Suggestions that China and the US could resume trade talks has helped boost short term market sentiment. Crude prices were also fighting back in the wake of the biggest one-day decline in more than two years yesterday. UK, US and E

JamesIG

JamesIG

EM Crisis - APAC brief 06 Sep

The pain in emerging markets continues to be too difficult to ignore, although it must be said that the effects of the crisis were relatively contained in overnight trade. There is this sneaking suspicion in markets presently, that whatever the worst outcome is for emerging markets, some of that must inevitably spill into the developed world. The issue is however, it remains to be seen how and where these signs of contagion may first show-up. Now of course it may not do so at all, but as the sco

JasmineC

JasmineC

Trump Tariff 2.0 - EMEA brief 19th June

Asian stocks slide on further trade war tariffs. Yen, treasuries and gold gain as traditional safe havens. UK incomes for those in employment rise at the highest rate since the financial crisis according to IHS Markit yesterday. CYBG confirmed yesterday it had agreed a £1.7bn tie up with Virgin Money. Oil prices whiplash, but ultimately fall on expectations that OPEC and Russia will gradually increase output after withholding supply since 2017. Payment company

JamesIG

JamesIG

Gold loses safe haven, breaks $1200 - EMEA brief 14 Aug

Turkeys government has said it would provide liquidity and cut reserve requirements to Turkish banks yesterday. Lira drops. MSCI world equity index which tracks shares in 47 countries across the globe, down 1.1% yesterday and subdued overnight. Nikkei bounces 2.3% overnight. Deutsche Bank pointed to 5 lenders most at risk in the country due to a ‘meaningful presence’ - BBVA, UCG, ING, BNPP, and HSBC - the latter of which was down 0.72% on the closing bell yesterday. I

JamesIG

JamesIG

Another last minute trade war fear, fundamental trading, the dark side of central banking - DFX key themes

Is There an Effort to Keep Markets Uneasy in Trade Wars? How many times does something unusual have to occur before it is considered a planned? I have noted a number of times over the past month that some unexpected policy development was announced hours before the markets closed for the weekend. There is an unspoken commitment by central bankers and global leaders to prevent volatility in their respective financial markets. Volatility is the general definition of risk, and there is a clear

JohnDFX

JohnDFX

Hurricane season in the US - Where to look for trading opportunities

Hurricane Michael is already regarded as one of the strongest hurricanes ever to hit US. The worst hit areas of Florida’s northwest coast saw significant damage to residential property, along with President Trump authorizing FEMA to step in and coordinate disaster efforts.  Even though the worst might have already passed, the 2018 North Atlantic hurricane season is likely to have sizable effect for the next seven weeks. The effect on the markets can be notable around this time, with the fol

IG-Andi

IG-Andi

Another Brexit reversal; a critical Fed decision; reverting to 'December' - DFX Key Themes

Another Week, Another Set of Brexit Scenarios It seems the weather patterns behind the Brexit seem to changing at a more rapid clip – always ending up back ‘in irons’ (pardon the nautical terminology) as the clock steadily winds down to the March 29 separation. This past week, was particularly momentous with the Prime Minister’s proposal supposedly going to vote in Parliament; but May decided to pull the vote before the allotted session as it was clear it would be voted down handily. And, c

JohnDFX

JohnDFX

BoE rate changes this week? - EMEA brief 30 July

Asian overnight equity markets broadly subdued for central banks data test.  Dollar steady and range bound before key central bank meetings this week. Oil is mixed, however brent has eased as trade tensions continue to weigh. Gold prices have eased on the slightly stronger dollar. With Facebook, Twitter and Intel results all disappointing last week, the street may be cautious with the release of Apple's end of year tomorrow. Asian overnight: Overnight markets hav

JamesIG

JamesIG

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

US & China ramp up tensions - EMEA brief 07 Aug

The Asia equity market ex-Japan are looking at their lowest levels since July last year. Tech sector as a whole was hit by a drop in chip stocks yesterday as well as a knock to social media. Investors are cautious that new U.S. tariffs on China could come into play at any time. Yen and Swiss franc are looking to be bid up for those looking at safe harbours. Non-farm payrolls are out later today. Asian overnight: Yet again trade concerns weighed on Asian markets,

JamesIG

JamesIG

Growth v. Risk - APAC brief 10 Oct

The growth-versus-risk paradigm shifted further in favour of the latter in the last 24 hours, as a multitude of stories compounded the bearish sentiment mounting in global markets. Though Chinese markets were more stable yesterday, an IMF report downgrading global growth forecasts for the first time since 2016 reinforced the possible growth-sapping impacts of the unfolding US-China trade war. Risks in Europe piqued again, following renewed inflammation of tensions between the Italian government

JasmineC

JasmineC

Short summit with no agreement- EMEA Brief 28 Feb

Donald Trump and Kim Jong Un summit cut down to 30 minutes with no agreement reached and the joining signing ceremony cancelled, however, both parties are “looking forward to meeting in the future” Tensions rise as India and Pakistan confirm attacks on both sides, with India admitting to conducting strikes against a militant camp on Tuesday and Pakistan claiming to have shot down Indian jets. This has led to worries of a potential South Asia war with the US, France, Australia and China ur

KatherineIG

KatherineIG

Will the US midterm elections result in a political Gridlock? - EMEA Brief 6 Nov

The US Dollar is holding within tight margins as investors are showing discretion ahead of the US Midterm elections that take place today. The Dow closed up 190.87 points at 25,461.7 and the S&P rose 15.2 points closing at 2738.31 led by the financial and energy sectors. The Nasdaq fell 0.38% lower at 7328.85 as Apple and Amazon both fell more than 2% Apple has had its second downgrade since its earning report last week, as Rosenblatt Securities followed Bank of America

DanielaIG

DanielaIG

Markets on Thanksgiving - 23 Nov

Written by Kyle Rodda - IG Australia Time to give thanks: It’s Thanks Giving in the US, so US traders are away from their desks and equity markets in the country are offline. Perhaps it’s something the bulls can be thankful for: the holiday has resulted in very thin volumes across the globe, giving a subsequent ability to take pause from the unfolding market rout. There is so much information awaiting market participants coming into the end of November and start of December, so surely the o

MaxIG

MaxIG

UK Data to forecast stability going into Brexit talks? - EMEA Brief 16 Oct

U.K. monthly average earnings and monthly unemployment release today at 9:30 BST. Earnings forecast to be stable at 2.6% whilst the unemployment rate is forecast to be 4%. The releases could be an important signal to the current economic health of the UK. The US federal budget deficit rose 17% to $779 billion in the 2018 fiscal year due to a surge in government spending. EM currencies rallied to a 2-month high as the Turkish Lira leads the way, climbing as much as 2.1%. The Brazili

JoeIG

JoeIG

Bitcoin rally pushes other digital currencies higher - EMEA Brief 03 Apr

The price of Bitcoin jumped 23% on Tuesday, surpassing the $5,000 line and hitting its highest level in almost 5 months in just under an hour. This sudden surge caught investors off guard as Cryptocurrencies' volatile sessions, which were popular at the beginning of last year, have now become a rare occasion.  The trigger of this rally is unknown, which is common with unregulated assets, but other digital currencies followed suit, as Ethereum surged 12% and Ripple gained 6.5%. The US and

DanielaIG

DanielaIG

Saudi Arabia to curb Oil production - EMEA Brief 12 Nov

Crude prices gained, as Saudi Arabia leads OPEC and its allies into cutting Oil supply from December. The Saudis mentioned seasonal factors among concerns for weaker demand, as they laid ground for a wider production curb in 2019. Gold holds steady near a one month low as it keeps losing lustre as a safe haven to the benefit of USD. Spot gold was little changed at $1,209.57 per ounce at 01.21 GMT. Will the commodity benefit from a more divided White House? Yuan proxies such as AUD

IG-Andi

IG-Andi

EU summit discussion - EMEA brief 28th June

Asian overnight: A mixed session in overnight markets came after the White House pulled plans to restrict Chinese acquisition of US technology, helping ease trade war fears that continue to dominate market sentiment. Interestingly, we still saw Chinese stocks fall, with the Shenzhen and Shanghai composite indices trading within the red. Once again, we saw the Australian ASX 200 gain ground amid a resurgence for crude prices. The Yen was largely flat over the session, with a weak retail sales rea

JamesIG

JamesIG

Markets Decline on Fed Rate Hike - EMEA Brief 20 Dec

Markets fall as Fed raised US interest rate from 2.25% to 2.5% At its lowest the Dow fell over 4% following the announcement (its lowest point in over a year) of which it has now seen a small retracement. Asian markets we also affected, the Hang Seng was down 1.24% at close whereas the Nikkei lost 2.84%, a 15-month low The announcement saw the dollar gain almost 0.5% against the dollar basket but as investors have fully digested the statements made by the Fed this now sits a

IGAaronC

IGAaronC

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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