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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

PBoC reduces capital reserves- EMEA Brief 08 Oct

Chinese stocks decline and the renminbi devalued overnight, despite the PBoC reducing requirements for capital reserves. China's central bank to cut down Reserve Requirement Ratio, releasing 1.2tn Yuan in liquidity, and putting 750bn Yuan ($109bn or £83bn) in cash into the financial system. CSI300 down 3.7%. The Australian ASX also saw sell offs moving the mining and finance centric index down 1.2%. US employment figures out on Friday caused a flurry of Treasury sell offs, however

KatherineIG

KatherineIG

Santander unpleasantly surprises credit investors - EMEA Brief 13 Feb

Banco Santander SA skipped an option to call 1.5 billion euros of convertible notes next month, after leaving investors in the dark for weeks. The news had the bonds trade at 97 cents on the euro, after being almost at par last week. A portfolio manager at Financiere de La Cite SAS commented that credit buyers “will need some serious new issue premium to touch that name again”. Trading in Asia was optimistic on hopes of a trade war resolution as Trump commented during a cabinet meeting on

IG-Andi

IG-Andi

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

Oil in the limelight - EMEA brief 18th June

Asian shares fall as the Trump 'tit-for-tat-tariff' goes ahead. China responds. Ex-Japan Asia down 0.5%, Nikkei down 0.7%. China and Hong Kong markets on holiday. Dollar eased from it's 3 week high, whilst euro remains subdued. The World Cup has kicked off with a record 32 teams taking part. Pared with great weather so far this month, and a strong forecast going forward, pubs have the potential to thrive. OPEC members in Vienna are to meet this week to decide on wheth

JamesIG

JamesIG

Brent drops 6.9% - EMEA brief 13th July

Asian session solid on reduced trade war fears. UK equity markets follow suit, along with a strong bidding war emerging for Sky, giving a green day for the FTSE yesterday and a positive start to the day today.  However data from China today showing a record trade surplus risks further inflaming trade tensions.  Trump is visiting the UK and has said that PM May is executing Brexit incorrectly. Trump's comments suggest May's Brexit plan is likely to kill hopes of a US t

JamesIG

JamesIG

UK Retail Sales Average Flat Heading Into Super Thursday – EMEA Brief 10 Jan

Today is considered ‘Super Thursday’ as a number of large UK retailers are set to release their Christmas sales data. This comes after a report from the British Retail Consortium which said that average retail sales saw 0% year on year growth Jeremy Corbyn is expected to launch an election bid if May loses the Brexit vote, scheduled for Tuesday the 15th. Yesterday saw May suffer another defeat in the house of commons which will mean she will have just 3 days to come up with a plan B if he

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

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

Asia Markets Rise as Trade Talks Move to Washington - EMEA Brief 18 Feb

Asia share markets began the week with strong gains as investors hope for both further progress at US-China trade talks in Washington this week and more stimulus from major central banks. Trump stated in a White House news conference that he would be "honored" to remove current tariffs if an agreement can be reached, and to possibly extend the March 1st deadline for a deal. The Shanghai Composite was up around 1.8% by the end of the morning trading session, whilst the Hang Seng and the Ni

JoeIG

JoeIG

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

ASX technicals - APAC brief 01 Oct

ASX: SPI futures are indicating a 23-point drop at the open for the ASX200 this morning, effectively wiping Friday's solid gains. It comes as no surprise, really, with the lion's share of activity centring around the embattled financial sector. Bank stocks underpinned the rally on the ASX on Friday, led by CBA, in signs that the market believed the sector's recent trend lower was overdone. It may be a case of jumping the gun for traders on that one, as sentiment appears sour once more following

JasmineC

JasmineC

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

Market sentiment - APAC brief 22 Oct

Market sentiment: Markets put in a mixed day on Friday. The results for global equities were generally poor, but absent were any violent swings in market activity. Individual regions traded -off apparently their own idiosyncratic drivers, characteristic of the diverse web of risks plaguing investors. Chinese indices were the stand-out, climbing more than 2.5 per cent, collectively, while European shares were generally lower, and US stocks were mixed. The mood is still edgy and dour for equities

MaxIG

MaxIG

Apple suppliers hit by Trump Tweets - EMEA brief 10 Sep

Asian stocks have slumped to a 14 month low on the back of China worries. USD edges higher as trade tensions keep markets on edge, whilst oil rises as new production in US drilling stalls. Slightly higher dollar causes gold to fall, along with rate hike views and trade war worries. Asian overnight: Fresh tariff concerns hit Asian markets overnight, with Apple suppliers particularly hard hit thanks to the US president’s tweets regarding the tech giant moving production to the U

JamesIG

JamesIG

Price-action looks ominous for the S&P500: APAC brief - 20 May

A choppy week ends generally flat for Wall Street: Global stocks ended the week on softer footing. But if one narrows their attention to just the S&P500 as the bellwether, the past 5-days culminated in only a 0.76 per cent fall. Trade continues to dominate sentiment on a macro-scale. The US-China trade-war has deteriorated considerably, with positivity in the market currently being sustained by some vague hope that US President Trump and Chinese President Xi will meet on the sidelines of Jun

MaxIG

MaxIG

Aon Plc considers $24 billion bid for rival Willis Tower Watson Plc - EMEA Brief 6 Mar

Trading in Asia was mixed as investors wait for more clarity on the US-China trade deal. The top performer was Shanghai Composite which was up 0.7% while Japan’s Topix was down 0.2%.  Gold prices edged lower as the greenback gained from stronger than expected economic data. Spot contracts hit $1287.34 at 5:00 am GMT, having been almost flat on the day, as can be seen on the IG Web Platform. What is the short- and mid-term fate of the gold bullion, as investors seem to be rushing to equiti

IG-Andi

IG-Andi

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

Inverted Yield Curves -APAC brief 5 Dec

Written by Kyle Rodda - IG Australia Inverted Yield Curves: There’ll probably be a lot of talk about “inverted yield curves” and “recessions” today. For some, reading such headlines will come as a shock. Perhaps even a cause of anxiety. It’s wise to understand why such commentary has emerged – and what that may imply. The price action in US Treasuries has been quite dramatic in the past 24-hours: the (what ought to be) familiar themes regarding a looming global economic slow-down, and the p

MaxIG

MaxIG

US Fed watch: APAC brief 19 Dec

US Fed watch: The US Fed meeting has been kickstarted and the markets are shuffling around in anticipation. US equities at time of writing are putting in a mixed performance, though al major Wall Street indices remain trading below key technical levels. It comes following a day in which Asian and European markets sold-off in sympathy with Monday night’s rout in North American shares. A desire for safety has supported a bid in US Treasuries: they are higher across the board. Interest rates trader

MaxIG

MaxIG

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

May to Visit Brussels Following Brexit Progress – EMEA Brief 09 Nov

Theresa May to visit Brussels today to meet with EU leaders. The visit will see May attend ceremonies marking 100 years since the end of the First World War and she will also have a working lunch with French President Emmanuel Macron which is expected to cover the Brexit deal following news of a draft withdrawal agreement this week. US Fed holds rates as expected with a further hike anticipated in December which saw USD gains and Treasury yields hit highest level since 2008 Chinese

IGAaronC

IGAaronC

Trade War - APAC brief 25 Sep

Trade War: Markets were made to curb their enthusiasm overnight. Trade war realities bit again and the relief rally that had defined last week’s trade dissipated. It’s not a terrible cause for alarm yet, but it highlights how difficult to predict the impact on global trade disruption happens to be. It’s a debate that challenges orthodoxy, especially given that markets have done all they can to shrug off the potential consequences new-protectionism will have on global growth. Inefficiencies aboun

JasmineC

JasmineC

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

Fed raise rates, USD steady - EMEA brief 27 Sep

Yesterday the US Federal Reserve raises interest rates for the 3rd time this year. Asian stocks post negative sessions following the Fed announcement being led by the technology and energy sectors. Major currency pairs hold steady whilst the USD basket, despite initial volatility, traded largely flat. Minor gains have been made this morning putting the dollar about a quarter of a percent up. Oil continues to climb as investors continue to be cautiously optimistic that the Ir

JamesIG

JamesIG

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