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The tone of overnight trade - APAC Brief 9 Nov

Written by Kyle Rodda - IG Australia The tone of overnight trade: All eyes back on the fundamentals – that’s the attitude now. The post US mid-term election rally stalled overnight, as investors turn their attention to this morning’s US Federal Reserve meeting. The Fed have kept interest rates on hold – that much was already baked into the price. Market activity to close the week will primarily be dictated now by how market participants interpret the language in the Fed’s accompanying polic

MaxIG

MaxIG

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

Market Sentiment - APAC brief 2 Nov

Written by Kyle Rodda - IG Australia Market sentiment: The final session of the week is upon us, and though a Friday can throw-up any number of shock events, the week has been a relatively good one for equity market bulls. Of course, this is primarily being led by a stable equity market in the US, but that strength has filtered through global equities to generate positive activity. Naturally, the ASX200 has benefitted from this dynamic, delivering an opportunity of circa 215 points for trad

MaxIG

MaxIG

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

Lacklustre Lunar New Year - EMEA Brief 11 Feb

Chinese markets were mixed during the Monday session after being offline for much of last week due to the Lunar New Year holiday. The Shanghai composite gained 0.8% whilst the Hang Send index rose 0.23%. However following Samsung electronic decline of 0.67% the Kospi remained slightly lower after promising recovery from earlier losses.  Oil prices fell over 1% despite refinery fire in Illinois which resulted in shutdown of large crude distillation unit. International Brent Crude futures d

MichaelaIG

MichaelaIG

Global Stocks Rebound After Worst Month Since 2012 - EMEA Brief 01 Nov

Global stocks rebound after worst month since 2012. Corporate earnings in the US and Europe have helped ease lingering worries over rising interest rates, trade tensions and a slowing global economy. The S&P 500 rose 1.1% and the Nasdaq Composite gained 2%. The Dow is currently trading flat after jumping more than 350 points at yesterday’s open. Asia-Pacific Indices mostly started November on a stronger footing. The Hang Seng was 1.8% higher and Taiwan’s Taiex gained 0.4%, howe

JoeIG

JoeIG

Market sentiment - APAC brief 17 Sep

The economic calendar is relatively light, and markets await guidance from US President Trump about his intentions regarding the next round of tariffs on China. This will likely be the headline theme this week with sentiment probably swinging on how this narrative unfolds. There isn’t a terrific lead being handed to us from Wall Street, which demonstrated its fundamental resilience at the end of last week’s trading but didn’t truly threaten new all-time highs. An easing of fears around emerging

JasmineC

JasmineC

Morning report - APAC brief 23 Oct

ASX: SPI futures are indicating an 11-point drop at the open, on the back of a day that saw the ASX200 close just shy of 0.6 per cent. The local session could be characterised as being somewhat lacklustre: the lion's share of the day's losses came shortly after the open, volume was below average, and market breadth finished at 26 per cent. Most sectors finished the day in the red, but naturally it was a pullback in bank stocks that contributed greatest to the markets falls. The materials space m

MaxIG

MaxIG

Risk-off - APAC brief 10 Sep

For whatever good news that could come out this week in global markets, it would take something of extreme magnitude to distract traders from the unfolding emerging market crisis and escalating US-China trade war. The debilitating aspect of both stories is the sense of randomness and chaos surrounding each. Regarding emerging markets, the concern is how challenging it is to judge what exposure developed markets have to the various issues plaguing them; regarding the US-China trade war, the perce

JasmineC

JasmineC

Aston Martin IPO at £19 - EMEA Brief 03 Oct

Aston Martin looks set to miss out on a spot in the FTSE 100 after the luxury carmaker cut the maximum valuation it is seeking in its initial public offering today, bloomberg reporting IPO price at £19. Telecoms and industrials pushed the Japanese Topix, so watch their partners on the European open, whilst miners faired well in Australia. The miner heavy JSE is likely to follow suit this morning. The Dow Jones hit a record closing high, but a drop in Facebook shares weighed on both

DanielaIG

DanielaIG

Global event risks - APAC brief 5 Nov

Written by Kyle Rodda - IG Australia   A historic week ahead? One does get the sense that some of the biggest risks plaguing financial markets -- over the course of several months, if not years -- may be coming to something resembling a definitive end. This isn't to suggest that extreme bouts of volatility, like those experienced throughout the month of October, have been put behind us; but that we are at least reaching a critical juncture for some of the biggest macro-economic challenges

MaxIG

MaxIG

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

ASX yesterday - APAC brief 20 Sep

ASX yesterday: SPI futures are indicating a 5-point jump at the open for the ASX200, as traders continue to ride the wave of relief washing-over global markets. The boost in global commodity prices has underpinned the bounce in the ASX, with the materials and energy sectors leading the charge higher. Commodities markets maintained their run overnight, collectively climbing 0.76 per cent according to the Bloomberg Commodity Index, while the price of oil also threatened to challenge new highs, hol

JasmineC

JasmineC

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

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

 

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

With the Fed’s Language, Global Central Banks Signal Softening Policy Global monetary policy has shifted more noticeably to the dovish extreme of the scale over the past months, but investors were overlooking this questionable support because the markets were under serious duress. Yet, after the three-month tumble leveled out into a meaningful recovery into January, market participants began to look for fundamental reasoning to justify their growing confidence for their exposure. With the F

JohnDFX

JohnDFX

Copper - A worrying outlook for the Global Economy?

Recent global sell-offs and the ongoing US-China trade war have caused copper prices to decline to their weakest levels since July 2017. The price of the metal currently sits at around $6300 a tonne after recovering from its slump below $6000 in August this year. The relationship between prices of base metals and future growth has proved to be evident in the past, so much so that this specific commodity is often referred to as ‘Dr Copper’. Copper is prominently used across electrical appli

JoeIG

JoeIG

Fed minutes - APAC Brief 18 Oct

Fed minutes: The week’s blockbuster event dropped over night: the release of the FOMC’s Monetary Policy Minutes. Equity markets have staged a tentative turnaround globally this week, but it has all been occurring in the shadows of what could be gleaned from last night’s Fed minutes release. When all is weighed up, the document reaffirmed the Fed’s hawkishness, revealing in-depth discussions ranging from cutting the word “accommodative” from the central bank’s language, to debating the possible n

MaxIG

MaxIG

Trader's View - APAC brief 29 Aug

Trade tensions: The announcement of a bilateral trade agreement between the US and Mexico was the predominant story yesterday, as US President Trump brought the world back one step from the protectionist cliff. Global bonds declined consequently, led by US treasuries, with the yields on benchmark 10 Year US Treasuries rallying to 2.88%. The optimism was tempered throughout the day as the details of the trade-deal were digested however, moderating the news’ effect on markets. It appears now – 24

JasmineC

JasmineC

Tech Sell-off Leads Global Decline - EMEA Brief 11 Oct

US sees largest market fall in 8 months with the Dow Jones losing over 800 points  in the main session. Asian markets followed suit with both Tokyo and Hong Kong down over 3%. The Taiwanese index was down 6% with the MSCI Asia Pacific average coming in at an average loss of  3.5% for the region The tech sector saw the biggest losses yesterday with FANG companies losing between 4-9%  Oil saw its biggest 2 day loss since July as supply concerns continue. The US are set to anno

IGAaronC

IGAaronC

Asia and Europe Monday - APAC brief 30 Oct

Written by Kyle Rodda - IG Australia Asia and Europe’ Monday: Markets were generally experiencing a much-desired bounce for the better part of Monday, enabled by a day light on market moving information and data. The confirmed election of populist Brazilian leader Jair Bolsonaro boosted emerging market indices. News that German Chancellor Angela Merkel would be stepping down as leader of the governing CDU party, combined with a ratings downgrade of by Italian debt S&P, sent minor ripple

MaxIG

MaxIG

Oil at 4-year high - EMEA brief 24 Sep

Oil prices at 4-year high after OPEC declines to raise supply  Bank holiday in China and Japan Trade Talks: Abe's trade discussion with Trump is "constructive" in second round, China will only hold trade talks once Trump stops threats Trade wars cause the European markets to dip, Brexit is also affecting  sentiment   Dollar remains steady, whilst Indian rupee drops  Asian overnight: A largely bearish affair overnight saw losses through the Hang Seng and ASX 200,

NadelinaIG

NadelinaIG

Flight to safety - APAC brief 24 Oct

Flight to safety: There's been a general flight to safety in global markets over the past 24 hours, adding to the bearish sentiment that's been mounting for several weeks. The risks remain the same and there wasn't an event to precipitate yesterday's sell-off. It apparently began in the Asian session, after Chinese equities pared the gains it had added over the previous two trading sessions, then swept through European and North American markets as the day unfolded. Haven assets have caught a bi

MaxIG

MaxIG

Global price action - APAC brief 29 Oct

Written by Kyle Rodda, IG Australia Global price action: The global equity sell-off continued during Wall Street's final trading session for the week, putting an end to a horrid 5 days for markets. True to form, it was the NASDAQ that led the losses in US trade, clocking a loss of 2.07 per cent, while the S&P500 shed 1.73 per cent itself. Volatility remained elevated and underscored the intense selling, maintaining a 24 reading throughout the session, prompting a flight to safety from i

MaxIG

MaxIG

China's economy holds up as imports and exports rise- EMEA Brief 08 Nov

China’s dollar denominated imports and exports rise by 21.4% and 15.6% respectively, in comparison to year ago, however, its overall trade surplus was lower than expected, valued at $34.01billion for October, versus $35billion US Attorney General Jeff Sessions fired by Trump where Matthew Whitaker, his Chief of Staff to take over temporarily Theresa May announces that the withdrawal deal is 95% complete, and invites Cabinet Ministers to read the UK’s draft deal with the EU G

KatherineIG

KatherineIG

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