Jump to content

Market News

About this blog

Entries in this blog

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

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

A split in the trade war path; growth forecasts; EU Parliamentary elections - DailyFX Key Themes

Are We Turning the Corner on Global Trade Wars?  There were a few very prominent, positive developments on the trade war front this past week, but is it enough to systemically change the course of the global economic standoff back towards the cooperative growth of the past? Throughout the past week, there was a building din of unconfirmed reports that US President Donald Trump would delay the decision on whether or not to apply tariffs on auto and auto part imports at the May 18th initial d

JohnDFX

JohnDFX

Jackson Hole Symposium; collapsing yields; trade wars - DailyFX Key Themes

Jackson Hole Symposium Has Too Much to Cover  There are two particularly important, multi-day summits scheduled for this coming week. Given the individual market-moving capacity of US President Donald Trump, the G7 Summit from August 24th through the 26th will be particularly important to watch. He has announced remarkable change in policy at or around such large events before – particularly when provoked by flabbergasted global counterparts. There are five general topics on the agenda whic

JohnDFX

JohnDFX

JPY hedging activity surges ahead of Golden Week - EMEA Brief 24 Apr

Hedging activities in JPY are building up as the Golden week in Japan approaches. Japanese markets will be shut for 10 days from Friday’s close in occasion of the accession of the new emperor to the throne. The situation could prove risky as this was the sort of environment where we saw flash crashes in the JPY against USD and AUD back in January. The S&P benchmark was up 0.9% on the day, following strong earnings releases on Tuesday. The performance could be moderate for the rest of

IG-Andi

IG-Andi

Stocks higher, yields lower, growth concerns persist: APAC brief - 25 Jul

The S&P500 rallied to another record high, as Wall Street shrugged off poor earnings from industrial mega-companies Boeing and Caterpillar, and instead focused on solid-enough results from US-tech giants. The rally was supported by a new-leg lower in global bond yields, after European manufacturing PMI data greatly disappointed expectations, and reaffirmed the continued slowdown in the Eurozone economy. That gave the DAX a lift. The Euro slipped, the Dollar edged higher, and gold climbed by

KirbyIG

KirbyIG

Trader's View - APAC brief 24 Aug

Global markets: Global equities retreated overnight as investors turned their attention to the several risk factors affecting markets at present. The Dow Jones, S&P500 and NASDAQ are all lower for the day, backing-up the modest losses sustained in European shares. The risk aversion is justifiable and reflects the general confusion of investors in a week bereft of powerful good news stories. The focus instead has been on the several distractions bemusing markets, including the unfolding Presi

JasmineC

JasmineC

Turbulent IMF talks impact Asian Equities - EMEA Brief 15 Oct

IMF Managing Director Christine Lagarde commented that U.S. stock valuations have been “extremely high”, possibly implying a correction. On a similar line, U.S. Treasury Secretary Steven Mnuchin insisted that the stock sell-off wasn’t “surprising”, while insisting that U.S. fundamentals remain strong. Lagarde also advised to be ready for more market volatility During IMF U.S.-China trade tension was cited as a major reason for cutting its outlook for global growth. Intense Brexit t

IG-Andi

IG-Andi

Chinese Markets Rebound on Government Support - EMEA Brief 22 Oct

Chinese stock have rallied with the Shanghai Composite Index gaining more than 4% as officials attempt to support the market as GDP figures last week fell short of the 6.6% growth target by 0.1% The rest of the APAC region followed suit with all major indices apart from Australia's ASX 200 making gains.  Dominic Raab has stated there may be some flexibility on the Irish border issue. The Brexit Secretary made the comment in an interview which may allow negotiations continue for a s

IGAaronC

IGAaronC

US stocks register new milestone - APAC brief - 11 Jul

US stocks register new milestone: The S&P500 registered fresh all-time highs, and touched the 3000-mark for the first time in its history, after Fed Chair Jerome Powell, during his testimony before US Congress overnight, provided implicit assurances that the Fed is open to cutting interest rates at the end of this month. Chair Powell cited weakness in the global economy and trade-conflicts as being the primary reasons for this shift in his view – though he did stress that the fundamental out

KirbyIG

KirbyIG

Trump trying to stir volatility?; seasonal lull; Pound near decades low - DailyFX Key Themes

Is Trump Intentionally Stirring Market Volatility? The dust is still settling from the most recent string of reciprocal retaliations between the US and China in their ongoing trade wars. As a brief synopsis, the White House frustrated by the lack of progress in negotiations as they were due to break for a month announced August 1st it would slap a 10 percent tariff on the remaining $300 billion in Chinese goods that it was not already taxing. China responded the following Monday by letting

JohnDFX

JohnDFX

Shifting sentiment - APAC brief 19 Sep

It was a choppy day in markets as sentiment vacillated in response to the latest escalation in the US-China trade war. US President Trump made traders wait a little longer than was flagged for his administration's trade announcement, leaving it until well after Wall Street's close to drop the news. Upon the eventual release, initial reactions were unfavourable: though the $US200bn worth of tariffs would go ahead on September 24th at the rate of 10 per cent, this will be upped to 25% come the sta

JasmineC

JasmineC

Trader's View - APAC brief 22 Aug

Overnight: The benchmark S&P500 reached new record highs overnight, as the record bull run on Wall Street continued. The S&P briefly touched the 2873-mark in the US session, led higher by consumer discretionary stocks, before selling-off in late trade following the news ex-Trump advisor Paul Manafort has been found guilty of financial crimes. The milestone achieved on Wall Street punctuated a respectable day on global equity markets, which were trading-off greater risk appetite until ear

JasmineC

JasmineC

China Growth Falls Below Expectations - EMEA Brief 19 Oct

China recorded its slowest growth in a quarter for almost a decade. GDP growth year-on-year came in at 6.5% down from estimates of 6.6%, largely down to the continued trade war with the U.S. and high debt levels. MSCI Asia Pacific Index recorded its worst three week decline since the start of January 2016 with volatility approaching similar levels seen in 2012, mainly due to China's performance and the recent equities' fallout. US indices further declined on Thursday as market vola

GeorgeIG

GeorgeIG

FOMC rate decision day - EMEA brief 13th June

US equity markets traded firmer overnight whilst Asian markets, for the most part, trade lower this morning Fed rate hike and FOMC meeting later today seems priced in US tariffs on Chinese goods reiterated by Washington Bitcoin falls to a 2 and a half month low on regulatory concerns  PwC facing a £10m fine over their poor BHS audit Tesla cuts 9% of staff with a refocused goal of profitability UK, US and Europe: A mixed affair in Asia saw gains in Japan ov

JamesIG

JamesIG

New headlines to chase - APAC brief 13 Feb

New headlines to chase: The discourse in markets shifted early this week to where the next upside catalyst would come from. It needn't be substantial; just enough to fuel sentiment and attract buyers back into the market. In the last 24 hours, market participants received what they'd be yearning for: the combination of an in-principle deal in US Congress for border-security funding, along with the announcement that the US-China trade-truce deadline could be extended, has stoked bullish sentiment

MaxIG

MaxIG

Trade Wars Progress Falters, Seasonal Volatility Return, Who is Devaluing? - DFX key themes

A Habit of Cutting Down Progress Towards Ending Trade Wars  This past week, optimism was dangled in front of the markets and violently snatched away before it became too established. We have been dealing with the escalation of explicit competition in trade policies for the since March, and each hint of progress in turning the major players back from economic stalemate has been consummately dashed. This past week, there were two fronts on which it seemed we were heading for an important brea

JohnDFX

JohnDFX

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

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

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

Trader's View - APAC brief 9 Aug

Trade war: Geopolitical ructions became the dominant theme late in North American trade, setting up a day for Asian markets distracted by trade-war developments and rising diplomatic tensions in other geographies. The heightened trade war anxieties were piqued by news that China would be slapping retaliatory tariffs of 25 per cent on $US16b worth of US imports, in response to the Trump administrations go-ahead earlier in the week to implement comparable tariffs on Chinese imports. The trade conc

JasmineC

JasmineC

Hurricane Michael hits the US - EMEA Brief 10 Oct

MSCI All-Country Index, which tracks shares in 47 countries, hit the lowest level since August '16 overnight Crude hovers above $74 a barrel on concerns Hurricane Michael in the US may affect supply USD down as it does not keep pace with SGD. Trump comments that FED is moving rates too quickly Iron Ore Benchmark breaks back into $70s amid speculation over further stimulus from Chinese policymakers Trump accepted the resignation of Nikki Haley as US ambassador to UN. C

IG-Andi

IG-Andi

MP's Vote To Extend Article 50 As The Brexit Saga Continues - EMEA Brief 15 March

Theresa May has scheduled another vote on her Brexit deal following the latest round of voting on the house of commons as MP’s voted last night to extend article 50. It still remains to be seen whether this extension will be agreed to by the EU. The US senate has voted to prevent funding for Trump’s border wall, the main sticking point of the government shutdown at the beginning of the year, potentially setting up a veto from the president. The FTSE was up 0.5% yesterday but most o

IGAaronC

IGAaronC

Brexit: European leaders approve withdrawal agreement - EMEA Brief 26 Nov

May will start her two-week campaign to sell her historic Brexit deal to MPs as EU leaders have agreed on the UK's Brexit deal during the summit held in Brussels over the weekend, outlining it is "the best and only deal possible". European Commission President Jean-Claude Juncker explained that anyone who thinks that the EU will offer improved terms if MPs reject the deal will be left "disappointed" - MPs are expected to vote on the 12th of December. Asian equity markets had a mixe

GeorgeIG

GeorgeIG

Fed on tap - APAC brief 20 Dec

Fed on tap: It’s a commentary written on the fly this morning, as developments out of this morning’s US Federal Reserve meeting are being digested by markets. The Fed has hiked rates just as they were expected to do, with market participants now trawling through the fine print in the Fed’s commentary. We were expecting a “dovish hike”; what we got looks like a “less-dovish than-expected-hike”. The dot plots were revised as presumed: the Fed has told the markets that it expects interest rates to

MaxIG

MaxIG

Sign in to follow this  
×
×