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Soft start to the week - APAC brief 04 Sep

Soft start to the week: The weak lead from Wall Street combined with US Labor Day holiday kept trading within financial markets soft and subdued overnight. The return of trade war concerns following the disintegration of talks between the US and Canada weighed heavily on markets in the Asian region, with the Nikkei, Hang Seng and the major Chinese indices sustaining considerable losses. It places traders in a starkly different position compared to last week when it was hope that perhaps US Presi

JasmineC

JasmineC

Democrats Take Control of the House; Republicans Hold Senate - EMEA Brief 7 Nov

US mid-term elections have resulted in a gridlock in Washington, Trump's Republican Party hold the senate having had key victories in Texas, Indiana and North Dakota. The Democrats have gained control of the House of Representatives which has set up a divided Congress until the next presidential election in 2020. The dollar has dipped as the dust settles on the results of the mid-terms, the Euro and Yen both rose 0.2% against the dollar. The dollar index, which measures the value o

GeorgeIG

GeorgeIG

Trade wars escalate; political risks spread; don't trust volatility readings - DailyFX Key Themes

Trade Wars Between the US and China – Perhaps the US and the World The world seemed to be on a very different path a week ago. Through the close on Friday, May 3rd, the rhetoric serving as forward guidance for the US-China trade war was clearly being directed to suggest the end to the economic conflict was at hand. That took a dramatic turn two days later when US President Trump contradicted the leaks of an impending compromise and deal by stating clearly that the United States would raise

JohnDFX

JohnDFX

Positive China-US Trade Talks Ease Investor Sentiment - EMEA Brief 2 Nov

Trade tensions between the US and China have finally shown signs of easing as Donald Trump described the conversation he had with Xi on Thursday as "long and very good" and later tweeted that trade discussions were "moving along nicely". Chinese stocks rally in afternoon trading following Trump's tweet, as the Shanghai Composite rose 2% along with a 3.5% increase in Hong Kong's Seng index. US stocks also reacted positively to the potential progress of US-China trade relations. The

GeorgeIG

GeorgeIG

Trade talks knocked as Trump threatens to quit NAFTA - EMEA brief 03 Sep

Asian markets were largely negative, dropping for a 3rd consecutive session on further trade escalation US - Canada trade talks knocked as Trump threatens to quit NAFTA altogether US markets closed for Labor Day Oil prices dipped lower on Monday on the back of rising supply from OPEC and the U.S Asian overnight: The two main rounds of negotiation on Friday have come back to bite markets at the start of this week, with the breakdown in US-Canada trade talks and UK-EU Br

ChrisWa

ChrisWa

Huawei Sues The U.S. Government - EMEA Brief 07 March

Global tensions reach new heights as Chinese tech giant Huawei files a lawsuit against the U.S, claiming that a law that bans government agencies from buying the company's equipment is unconstitutional. This comes after Huawei's CFO also filed legal proceedings against Canada. Meanwhile, there has been a report that North Korea are moving to rebuild a nuclear missile site, following a break down last week in the summit between Trump and Kim Jong Un.  In Europe, there is the ECB's board me

JoeIG

JoeIG

Trump focus on Dollar vs Dow; RBA and BOC decisions; a volatility September - DailyFX Key Themes

Is Trump Responding to the Dow – and Would He Prioritize Index Over Dollar?  This past week generated another heavy round of criticism from the US President. In both ad hoc press conferences and tweets, Donald Trump scrutinized a number of economic and financial hurdles that he believes is threatening the health of the US economy. The most familiar critique continued to target the Federal Reserve and specifically its Chairman, Jerome Powell. Trump took to the wires to levy blame against the

JohnDFX

JohnDFX

Wall Street rout - APAC brief 24 Dec

Wall Street rout: Wall Street capped-off last week with another day of considerable losses, even despite Europe posting an okay day. Come the end of the trading session, the Dow Jones had lost 1.81 per cent, the S&P500 had lost 2.06 per cent and the NASDAQ had lost 2.99 per cent. The fact markets are entering the thin holiday period doesn’t help. One assumes that many-a investor would be rather reluctant to be sitting at Christmas lunch this year holding open-positions in equities given this

MaxIG

MaxIG

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

"Flexible" Brexit proposed by Tusk - EMEA Brief 05 April

Donald Tusk has proposed a 12-month "flexible" Brexit extension date which would allow the UK to leave once a deal has been approved with the 12 months. The proposal would first need to be approved at a summit next week. US-China trade talks have reached "new consensus" following yesterdays talks between Chinese Vice Premier Liu He and Trump. Could the end of the trade war be in sight? Trump has suggested that that question may be answered "over the next four weeks".  Asian stocks

MichaelaIG

MichaelaIG

Wall Street clocks new highs: APAC brief 24 April

Wall Street clocks new highs: Wall Street achieved a milestone overnight: it registered an all-time closing high. It in some way punctuates one of the more bemusing runs in US equities, following (what felt like) the near-cataclysmic market correction at the end of 2018. The S&P500 closed at 2933 this morning – a mere 10 points from that index’s all-time intraday high. As had been expected, the catalyst for US stocks’ latest burst higher came directly from US reporting season. A series of co

MaxIG

MaxIG

US and China agree tariff ceasefire; Markets soar - EMEA Brief 3 Dec

The US and China have agreed a temporary ceasefire on additional tariffs on each others goods at the G-20 summit in Argentina to allow for trade talks to continue in the new year. Dow futures soared more than 450 points as investors have reacted positively to the US-China news. Nasdaq futures also rose around 2.7%, followed by S&P 500 futures which jumped 1.7%. The dollar depreciated on Monday as investors looked to take up positions in riskier assets, such as the Australian do

GeorgeIG

GeorgeIG

Stocks sell-off in Europe and the US: APAC brief 8 May

Stocks sell-off in Europe and the US: Global equities appear in pull-back mode. Ignoring Asia’s solid-enough day, European and US stocks have tumbled. The Euro Stoxx 50 shed 1.78 per cent overnight, while the FTSE100 dropped 1.63 per cent, and the S&P500 has given-up 1.65 per cent. It looks as though just when one assumed the latest trade-war developments lacked true bite, the conflicts potential consequences have reared their head in price action. Trade talks this week take-on an even great

MaxIG

MaxIG

US-China Trade Deal 'moving along nicely' - EMEA Brief 04 Mar

Reports over the weekend have indicated that the US and China are in the later stages of trade talk discussions in a deal which could see tariffs and sanctions lifted on both sides. Donald Trump tweeted over the weekend asking China to remove all tariffs on agricultural products and that trade talks are "moving along nicely".  Asian equity markets reacted positively to the trade talk progress; the Nikkei rose 1%, whilst the Shanghai Composite increased by 2.5% and the Hang Seng jumped 1.2

GeorgeIG

GeorgeIG

Wall Street’s follow-through - APAC brief 8 Jan

Wall Street’s follow-through: Markets have basked in the afterglow of Wall Street's bull-friendly Friday session. They've gotten what they've been screaming for: some strong data and a more-dovish US Federal Reserve. For the first time in a month, perhaps more, trade has been characterised by a relative sense of calm. The VIX is drifting lower and toward the 20-mark. Stocks are up on Wall Street after a solid day in Asia, and global bonds are down. This could all change in an instant, that much

MaxIG

MaxIG

Stocks fall as markets adjust US rate expectations: APAC brief 3 May

Stocks fall as markets adjust US rate expectations: Traders have gone about repricing a world without the same imminence of rate cuts from the US Federal Reserve overnight. US Treasury yields have climbed markedly, during the North American session in particular, dragging with it stock indices. The S&P500 has traded 0.21 per cent lower, as traders apparently take their profits and adjusted their forecasts in line with the new dynamic. The action seen in the last 48 hours has given undue meri

MaxIG

MaxIG

Trump and the Trade War - APAC bried 28 Nov

Written by Kyle Rodda - IG Australia A loaded menu: If this week in financial markets is a buffet of information, then yesterday’s session tasted like the entrée. The themes that were predicted to define this week’s trade all showed-up in one form or another, hinting at bigger things to come. US President Trump added heat to the trade war, then spiced up the Brexit debate; a speech from US Federal Reserve Vice President Richard Clarida had traders questioning how many Fed hike’s markets hav

MaxIG

MaxIG

Oil Prices Surge as Trump Cuts Iran's Oil Exports - EMEA Brief 23 Apr

Oil prices have surged as Trump aims to cut Iran's oil exports after the White House announced that waivers from countries buying oil from Iran would end in May, a decision made to slash revenue for the Iranian government. Brent crude futures are trading at $74.29 a barrel, up 0.3%, whilst WTI crude reached its highest level since October last year currently trading at $65.95 per barrel. Shares in the US were muted on Monday as the market braces for a busy week of corporate earnings, more

GeorgeIG

GeorgeIG

Markets Fall on Renewed US-China Tensions - EMEA Brief 10 Dec

The Dow will open lower today than its open price for the year following weak jobs data and the resulting sell-off of FAANG companies. US Non-farm payrolls grew by 155,000 on Friday, missing estimates of 198,000 whilst unemployment is near record lows at 3.7% Chinese markets had a poor start to the week following missed trade estimates for November. The Hang Seng has fallen 1.41%, the Shanghai composite by 0.84% and the Shenzhen composite by 1.15% The European Court of Justi

IGAaronC

IGAaronC

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

JamesIG

JamesIG

Trade war measures, Dollar alternatives, risk trends and yields - DFX Key Themes

It Can Be Difficult to Measure Complex Issues Like Trade Wars When dealing with a complex fundamental theme – without a binary outcome, numerous inputs and important to different investors for different reasons – it can be difficult to both analyze and trade the subject. Those are certainly criteria that would fit the ongoing trade war. It is proving exceptionally difficult to keep a clear bead on the progress of the economic conflict and the market has started to veer back into its comfort

JohnDFX

JohnDFX

US-China empire building, Eurozone stability, Brexit - DFX Key Themes

The United States and China Jostling for Economic Supremacy The world’s largest economies are starting to update on the status of their health. And, though it may not seem to be the case in these speculatively charged markets, financial performance relies heavily on a healthy global expansion. This past Friday, China reported its third quarter GDP reading. The 6.5 percent clip would be an enviable pace for most of the developed world, but for this debt laden country, this is slowing to a pa

JohnDFX

JohnDFX

Is a second referendum on the table? - EMEA Brief 17 Dec

Theresa May is coming under increasing pressure from MPs to stop the gridlock on Brexit negotiations. The pound is expected to see further volatility until at least mid-January as the unknown future of Brexit continues. The Dollar continued to trade at a 19-month high on Monday as concerns over slowing economic growth have reduced the appetite for riskier stocks and currencies and have backed the greenback as a safe-haven. The price of bitcoin has fallen below the cost to mi

DanielaIG

DanielaIG

Shift in preception - APAC brief 7 Jan

A shift in perceptions: The fundamentals shifted on Friday. It wasn't a complete "180", but enough to change market sentiment in favour of the Bulls. The highly anticipated monthly Non-Farm Payrolls figure, along with US Federal Reserve Chair Jerome Powell's interview, delivered the goldilocks outcome market participants were craving. For those holding hope for financial markets and the global economy, the information gathered from each event soothed nerves that a major global economic slowdown

MaxIG

MaxIG

Facets of the global growth story - APAC brief 11 Feb

Not with a bang, but with a whimper? Without all the fire and fury that we saw in December, markets are pricing in once again a slow down in global economic growth. It could be strongly argued this is evidence of how important US Fed support is to equity market strength – but that’s a drum to beaten (over-and-over-again) for another day. Fundamentally, traders are quietly re-pricing for a world where economic growth will be weaker than once thought. Such behaviour has been long evident in Chines

MaxIG

MaxIG

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