Jump to content

Market News

About this blog

Entries in this blog

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

Comcast / Disney bidding war ends - EMEA brief 20th July

Asian equity markets are mixed, however some pushed higher overnight over a volatile trading session as the Chinese yuan bounced off a one year low. Trump showed displeasure towards the Fed's hikes, criticising policy and highlighting concerns on the potential impact of rising interest rates on the US economy causing the Dollar to sag. The Comcast / Disney bidding war for 21st Century Fox ended yesterday with the former pulling out of the race. Comcast still plan on pursuing Sky.

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

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

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

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

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

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

Risk-off (again) - APAC brief 19 Oct

Risk-off (again): Just when it looked like it was safe to jump back into financial markets, it was risk-off again overnight, as market participants dwelled once more on the myriad of risks facing them. There’s nothing entirely new in what has developed during the European and North American session: the same confluence of factors that has weighed on sentiment in markets have simply reared their head again. It’s probably what makes this situation all the graver, if not at the very least, highly g

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

Dead cat bounce in Asia? - APAC brief 16 Oct

Dead cat bounce in Asia? The ASX200 really couldn’t catch a bid yesterday. Most concerningly, it happened within a back drop of slightly higher volumes, showing that the sellers truly washed out the bulls throughout the day’s trade. The Asian region kicked-off the week sluggishly in general, unable and unwilling to run with the lead provided by Wall Street on Friday evening. The action in Asia prompted calls of a dead-cat bounce across global equities, something that has since been proven premat

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

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

Trade war hits the gas; recession signals increase; Jackson Hole let down - DailyFX Key Themes

Reckless Acceleration of the Trade War With the global (including the US and China) economy already straining under the weight of the ongoing trade wars, the two largest individual economies too steps this past week to leverage the pressure even higher. As expected, China felt it necessary to respond to the upgraded efforts  announced by President Trump on a staggering $300 billion more in Chinese goods – the ‘rest’ of the country’s imports that weren’t already facing a tax. It seems the Wh

JohnDFX

JohnDFX

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

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

From Trade War to Fed - APAC brief 26 Sep

The overarching narrative in global markets is transforming from one preoccupied with the trade war, to one focused on Thursday morning’s (AEST) meeting of the US Federal Reserve. As far as developments in the trade war go, in a week bereft other major stories, traders are demonstrating tentative signs of ease on the subject. Markets are strapping themselves in for the long haul, and a begrudging acceptance that this thing will take time to play out is the prevailing mentality. With that in mind

JasmineC

JasmineC

Brexit break-down: APAC brief - 16 Nov

Written by Kyle Rodda - IG Australia Brexit break-down: The headlines in financial markets are mostly Brexit related. What was suspected has become so: Prime Minister Theresa May’s deal with the European Union has fallen by the wayside, potentially (if not, likely) rendering it mute. 24 hours is of course a long time in markets, and this time yesterday optimism was blossoming about a potential Brexit deal to end the years of debate and gridlock. The harsh reality has now bitten though, and

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

Sentiment shifts - APAC brief 29 Aug

The risks that markets have been vulnerable to all week have popped-up in the last twenty-four hours, wiping some of the shine off what has been an otherwise strong performance from global equities. The elephants in the room throughout the week’s trade has been the US-China trade-war, along with the simmering structural problems affecting emerging markets – developments in which had been conspicuously absent. Trade tensions were reinflamed during yesterday’s Asian session and then again overnigh

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

UK GDP today - EMEA brief 10 August

Asian markets move lower on the rather tedious reiteration of trade war fears. Huge volatility spike sees Turkish Lira dropping 13.5% against the USD. Oil prices edged up on worries that reimposed U.S. sanctions against Iran would tighten supplies. UK growth (Q2), trade (June) and production data (June) later today. Asian overnight: Asian markets followed their US counterparts lower, as trade fears continue to impact market sentiment. Japanese markets where the biggest

JamesIG

JamesIG

 

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

Global geopolitics: APAC brief 28 Feb

Around the globe, geopolitics dominates: Political spot fires have captured the attention of market participants. From Washington, to Hanoi, to Kashmir, to Caracas, to London: the ugly machinations of power have dominated the headlines. Only, despite fleeting action, the impact to market activity has seemingly been muted. A facile logic might suggest that it is because of the geopolitical uncertainty in the world that markets have traded so dull overnight. It would be too long a bow to draw, tho

MaxIG

MaxIG

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

Sign in to follow this  
×
×