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Trade negotiations - APAC brief 29 Aug

Trade negotiations: Global markets ended last week on the back foot, after trade talks between the US and Canada stripped traders of some hope that the global trade-war may be de-escalating. It was figured that following the relatively positive developments in US-Mexico trade negotiations early last week that perhaps a change of tact was emerging from US President Trump’s administration regarding global trade. Hopes were quashed upon news that negotiations between the US and Canada had broken do

JasmineC

JasmineC

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

Expected Index Dividend Adjustments 03 Sep - 07 Sep

Expected index adjustments  Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 03 Sep 2018. If you have any queries or questions on this please let us know in the comments section below. For further information regarding dividend adjustments, and how they affect  your positions, please take a look at the video.  NB: All dividend adjustments are forecasts and therefore speculative. A dividend adjustment is a  cash neutral a

JamesIG

JamesIG

Trump backs tariffs and threatens to quit WTO - EMEA brief 31 Aug

Trump back introduction of tariffs on $200 billion worth of Chinese goods in ongoing trade dispute with China US president also threatens to withdraw the United States from the World Trade Organisation "if they don't shape up", claiming unfair treatment US & Canadian leaders optimistic in reaching revised NAFTA agreement by today's deadline Panasonic are set to move their European base outside of London to mitigate risk going into Brexit Argentinian government rai

Hassan

Hassan

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

Dollar drops, four-week high for GBP - EMEA brief 30 Aug

Asia stocks pull back as weakness in China outweighs NAFTA trade U.S. - Canada trade talks are making progress Dollar drops, whilst the pound is trading at a four-week high Extend overnight rally by oil prices German and Spanish inflation stabilization in August with economists estimating a rate of 2.1% for Germany and 2.3% for Spain Brexit talks remain deadlocked  Asian overnight:  A largely bearish session overnight has seen losses across China, Austral

NadelinaIG

NadelinaIG

S&P hits all-time high - EMEA brief 29 Aug

The S&P 500 and Nasdaq both set new records, passing the 2900 and 8000 mark respectively for the first time in their history.  Focus shifts on talks between the US and Canada on an updated NAFTA, which could be signed in the coming days. Canada’s Foreign Minister Chrystia Freeland is now in Washington to carry out negotiations.  The previously announced deadline for Brexit talks set for the 18th of October may not be feasible, as rumors spread that it may now be postpone

SteveIG

SteveIG

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

Trump and Mexico to replace NAFTA - EMEA brief 28 Aug

Trump and Mexico reach trade to key parts of a trade deal to replace the current ‘NAFTA’ agreement. S&P 500 and Nasdaq closing at record highs for the second consecutive session. Dow finished above 26000 for the first time since February. Turkish lira sees a fresh sell off after a week long national holiday as investors don’t see an end to the US row. Netflix sees the appointment of a new communications officer, previously top executive to Facebook. Statement issu

NadelinaIG

NadelinaIG

Trader's View - APAC brief 28 Aug

Sentiment and Wall Street: Risk appetite appears to be slowly returning to the bellies of investors, with global equity markets experiencing a synchronized push higher to start the week. Wall Street has led the charge of course, overnight adding to the all-time highs achieved at the end of last week. The S&P500 posted a remarkable gain of 0.72 per cent as that index entered rarefied air, while the Dow Jones added 1 per cent to crack the 26,000-mark once more. Trade wars and emerging market t

JasmineC

JasmineC

Political Risks Increase, Sentiment as a Theme, The Liquidity Dearth - DFX key themes

Add Political Risks to Our Long List of Market Concerns It isn’t like we are lacking for fundamental motivation for the global financial markets. If anything, there is a surplus of critical themes that could – if properly induced – could single-handedly turn the universal tide. Nevertheless, it seems we will have to add another principal concern to our list alongside trade wars and the transition away from emergency monetary policy: political risk. This is not an unfamiliar market concern.

JohnDFX

JohnDFX

Trader's View - APAC brief 27 Aug

Powell in Jackson Hole: Markets ended last week with all attention on US Federal Reserve Chairperson Jerome Powell’s speech at the Jackson Hole symposium. Following weeks of scrutiny from the US President Trump, particularly as it relates to the Fed’s gradual rate hiking cycle and its effects on the US Dollar, investors sat poised for insights into whether the political heat, along with growing global financial risks would derail the bank’s plans. On balance, the speech delivered by Chairperson

JasmineC

JasmineC

Expected Index Dividend Adjustments 27 Aug - 31 Aug

Expected index adjustments  Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 27 Aug 2018. If you have any queries or questions on this please let us know in the comments section below. For further information regarding dividend adjustments, and how they affect  your positions, please take a look at the video.  NB: All dividend adjustments are forecasts and therefore speculative. A dividend adjustment is a  cash neutral a

JamesIG

JamesIG

Morrison ousts Turnbull - EMEA brief 24 Aug

Australian equity markets gain after leadership vote ends political uncertainty with the Australian leader Malcolm Turnbull ousted by Scott Morrison. Hang Seng equity market slips after US-China trade talks end without progress. Saudi Arabia has denied that its $2 trillion Aramco IPO has been cancelled, and that they’re instead waiting for “appropriate circumstances and appropriate time” for the listing. Trade concerns continue to hit gold prices however they do make gains,

JamesIG

JamesIG

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

China trade war escalates - EMEA brief 23 Aug

China trade war escalates as new tariffs kick in: U.S. economy set to slow from here on, damaged by trade war EM ASIA FX soften as dollar recovers after falling for six straight sessions Wall Street sets record for longest bull run in history; Key S&P 500 index passes landmark as it goes 3,453 days without major correction Brexit contingency plan papers released; Brexit could be good news for Britain's farmers Australian dollar drops as three government ministers

NadelinaIG

NadelinaIG

S&P hits an intraday high - EMEA brief 22 Aug

Despite Tuesday being referred to as the worst day in the Presidency of Donald Trump, the S&P touched an intraday record high and equaled its longest bull run of 3452 days, with the record expected to tumble today, baring a disaster. Dollar steady overnight following yesterday’s dip, with forex markets pretty calm across the board, although we did see a weakening in AUD, which was down 0.2%. Brent rose 0.3%, whilst US crude was up 0.5% following industry group data that signa

JamesIG

JamesIG

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

London's house prices - EMEA brief 21 Aug

Asian stocks generally up on hopes trade tensions may ease. Hopes of a China - US trade resolution pushed up copper, often seen as a barometer for the economic outlook, dragging behind it miners such as BHP Billiton and Glencore. Venezuela have debased their currency taking off five zeros, along with increase minimum wage by 3000% in and effort to prop up their economy. Yesterday the world trade organisation confirmed that Turkey had lodged a trade dispute against the US.

JamesIG

JamesIG

Trader's View - APAC brief 21 Aug

Global equities: Global share-markets experienced a lift overnight as European and US investors jumped online to begin the week. The overall mentality now can be characterized as one of cautious optimism ahead of low-level US-China trade talks, mixed with a touch of relief that crises in Turkey and other emerging markets are currently quarantined. Chinese markets picked up steam in late trade because of this point of view, while the Dow Jones represented this broad attitude during the North Amer

JasmineC

JasmineC

Oil prices slip - EMEA brief 20 Aug

Asia shares inch up with yuan ahead f Sino - US talks.  UK minsters release their first ‘no deal’ Brexit documents on Thursday in an effort to prepare for a “worst possible” outcome. Persimmon results are expected tomorrow, with many in the sector looking to the release as a barometer for the wider housing sector and how a rising inflation rate will affect the market. Iran has stressed to OPEC over the weekend that no other member country should take up the slack for reduced

JamesIG

JamesIG

Expected Index Dividend Adjustments 20 Aug - 24 Aug

Expected index adjustments  Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 20 Aug 2018. If you have any queries or questions on this please let us know in the comments section below. For further information regarding dividend adjustments, and how they affect  your positions, please take a look at the video.  NB: All dividend adjustments are forecasts and therefore speculative. A dividend adjustment is a cash neutral a

JamesIG

JamesIG

Trader's View - APAC brief 20 Aug

Last week: At the end of a week that may have been best described as nervous and jittery, markets closed trade in a relatively subdued fashion. The news that the United States and China may re-enter trade negotiations provided the basis for the stability, but the reactions to that news were hardly ecstatic. This is justifiably so, considering investors have become very accustomed to overreacting to news that turns-out to be little more than fluff. The crisis in Turkey has temporarily settled, th

JasmineC

JasmineC

Over Exposed Traders, Global Taper Tantrum, Jackson Hole - DFX key themes

Positioning Extremes Grow More Extreme  There are a few undisputable and universal forces when it comes to the financial markets. One of those all-powerful winds is the concept of risk trends which is referred to by many names such as ‘risk on, risk off’ or referenced unknowingly when we blindly attribute market wide movement to animal spirits through technical cues, smart versus dumb money, panic to greed. Another of these truisms is the allocation of capital. While total wealth does grow

JohnDFX

JohnDFX

Markets bounce on US - China trade talks - EMEA brief 17 Aug

Asian shares gain on US - China trade talks, whilst USD dips. Rating agency Fitch warned that the chance of a Brexit no deal is a ‘growing possibility’, and uncertainty is so great that it’s impossible to accurately predict a likely outcome. Reports that Amazon is looking to launch its own comparison site sent ripples through the UK listed rivals moneysupermarket, gocompare, and confused.com owner Admiral. Aftershocks of World Cup fever and the good weather are seen in risin

JamesIG

JamesIG

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