Jump to content

Market News

About this blog

Entries in this blog

"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

A “Goldilocks” end to the week: APAC brief - 8 Arpil

A “Goldilocks” end to the week: Sentiment was nicely boosted to end the week last week. US Non-Farm Payrolls printed as closely to a so-called "goldilocks" figure for risk assets as you're ever liked to see. The data revealed the US economy added 196,000 jobs last month, against an expected figure of 172,000. It was enough to keep the unemployment rate to its very low levels of 3.8 per cent. But the real kicker for market-bulls was the earnings component: wage growth missed estimates, revealing

MaxIG

MaxIG

Expected index adjustments

Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 8 April 2019. 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 adjustment on your account. Specia

MaxIG

MaxIG

Asian Markets Off 7-Month Peak - EMEA Brief 08 Apr

Asian Pacific markets were mixed on afternoon trading, edging off seven-month peaks as investors digested a rebound in U.S. jobs data and reports of more progress in the trade negotiations between Washington and Beijing, but still cautious on the outlook of the global economy and the U.S. earnings season.  The U.S economy added 196,000 jobs in March, beating economists' expectations of a figure of 175,000.  Chinese blue chip stocks climbed in the initial session, however slipped sl

JoeIG

JoeIG

APAC brief - 9 April

An uneventful day on Wall Street: A flat, somewhat mixed, and low activity day on Wall Street, market participants seem to be eyeing events later on in the week. After Friday’s Non-Farm Payroll induced rally, traders have apparently looked-down below their feet, realized how far this market has climbed, and decided a fresh-wind is required before scaling to new record-heights. Such a milestone stands only 1-and-a-half per cent away for the S&P500; and sensibly, the market is in no rush to ge

MaxIG

MaxIG

APAC brief - 10 April

Waiting, waiting, waiting: Another uneventful night in global markets, traders have apparently occupied themselves positioning for the ramp-up in economic data in the next 24 hours. Equity indices pulled back in North America and Europe, as global safe-have bonds caught a bid. Commodities fell across the board, naturally with the exception of gold, which ticked higher on haven-demand. The G10 currency complex was lifeless, with the Japanese Yen edging higher as the carry trade was unwound on ant

MaxIG

MaxIG

Platinum under pressure as workers prepare to strike - EMEA Brief 10 Apr

South Africa’s Platinum Group Metal (PGM) is bracing for industry-wide tough salary negotiations as it urges the government to invest in platinum markets. Chris Griffith, Chief of Anglo American Platinum Ltd, the world No.1 miner, reassured investors that workers are likely to avoid prolonged strikes. Meanwhile, the rand basket price for platinum and its sister metals rose 20% to 25 % this year already. Slowing global growth could pressure the metal, which hit $891 at 6:00am GMT+1 on the IG Web

IG-Andi

IG-Andi

Event risk passes with no surprises: APAC brief 11 Apr

Event risk passes with no surprises: The litany of economic data provided market participants the green-light they were looking for; but so far, the price-reaction, while bullish, has been subdued. Relative to the past 100-days, volume on Wall Street, and a majority of developed markets, has been thin overnight. It’s giving the impression of a stock-market bereft of conviction, as nervousness sets in as the S&P500 edges towards new record highs. Admittedly, much of this phenomenon could be a

MaxIG

MaxIG

UK economy grows amid Brexit stockpiling - EMEA Brief 11 Apr

The British economy managed to grow in the month of February as manufacturers are said to have increased stockpiling in preparation for the original Brexit deadline of March 29. GDP grew 0.2% MoM in February, despite predictions of economic stagnation amid fears of a global economic slowdown.  The UK and EU have agreed to extend the Brexit deadline until October 31. The "flextension", which allows the UK to leave before the deadline if a deal is approved in Parliament, means that the UK w

DanielaIG

DanielaIG

APAC brief - April 12

A week that’s (so far) under-delivered: Anything can happen in the space of 24-hours in financial markets. But as we enter the final day of trade in global markets for the week, activity today is shaping up as being just as tepid as that which we’ve experienced in the week’s first four days. It was hoped some new, market-moving information may have been delivered in what was a back-loaded week. Afterall, there was no shortage of event risk. However, thus far, despite a litany of risk events, man

MaxIG

MaxIG

Uber files for IPO ahead of corporate earnings season today - EMEA Brief 12 Apr

Uber has officially filed paperwork for the company's imminent IPO after observing rival Lyft's share price surge on opening only to fall below its IPO price later on. The ride-hailing company will be listed under the ticker "UBER" on the New York Stock Exchange. You can see how you can trade Uber's upcoming IPO on the IG website here. It was a muted day for US equities on Thursday as the major indices remained little changed ahead of JP Morgan and Wells Fargo earnings announcements later

GeorgeIG

GeorgeIG

Activity lifts to end last week: APAC brief - 21 Mar

Activity lifts to end last week: A risk laden week has ended with a pop. Asian and European trade was solid, albeit dull. However, it was a clear-cut-case of risk-on during the North American session. The new fuel to the S&P500s fire came as US earnings season kicked-off in earnest. JP Morgan, and a handful of America’s other big-banks, reported and generally surprised to the upside. The catalyst served two purposes: one, it supported (granted prematurely) the view that assumed earnings grow

MaxIG

MaxIG

Expected index adjustments - 15 Apr - 23 Apr

Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 15 April 2019. 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 adjustment on your account. Speci

MaxIG

MaxIG

Nike celebrate as Tiger Triumphs - EMEA Brief 15 April

Tiger Woods achieved his fifth Masters victory. The victory  is worth around $22,500,000 to his sponsor Nike (according to Aprx Marketing data).  Asian shares crept towards nine-month high after US treasury Secretary Steven Mnuchin reported a positive outlook on trade talks. The Hang Seng rose 1.2% and the Nikkei climbed 1.4% to reach it's highest level in 2019.  USD/JPY dips from 112.09 high this morning (following mid week rise last week).  Volkswagen unveiled the ID Roomz

MichaelaIG

MichaelaIG

Earnings optimism: APAC Brief 16 Apr

Earnings optimism tempers the markets’ mood: Financial market participants curbed their enthusiasm yesterday. Friday’s brief excitement on Wall Street relating to a handful of earnings beats from some of the US’s big banks failed to translate into meaningful momentum to begin the new trading week. Such a dynamic was also evident throughout the Asian session. The ASX200 closed flat for the day, and Chinese stocks rallied and retraced all in the space of a few hours. The Nikkei was higher for the

MaxIG

MaxIG

Extreme volatility; China GDP top event risk; a six-month Brexit delay and the Pound - DailyFX Key Themes

A Return to Extreme Volatility and Realization It Won’t Stay This Quiet for Long  Any way you cut it, the markets are experiencing extreme levels of inactivity. And, for those that are satisfied with the superficial and textbook interpretations of the mainstream measures, this seems like a cue to leverage exposure and commit to the decade-long bull trend which blossomed under the controlled conditions. Previously, traders would have been readily satisfied by the readings and thrown in with

JohnDFX

JohnDFX

Wall Street Slips After Lackluster Bank Earnings - EMEA Brief 16 Apr

Wall Street ended in the negative on Monday as investors digested mixed results from the latest batch of bank earnings. Goldman Sachs reported better than expected earnings, however its shares fell 3.8% due to first quarter numbers showing net profits fell by 21% YoY. Citigroup earnings also beat expectations, although saw a 2% fall in overall revenue.  The S&P 500 slipped 0.1% to 2,905.58 after having three consecutive weeks of gains. The Dow Jones ended the day down 27 points at 26,

JoeIG

JoeIG

ASX to keep trading on own themes: APAC brief 17 Apr

ASX to keep trading on its own themes: SPI Futures are presently indicating an 18-point jump at the open for the ASX200. Once again, Australian equities look as though they’ll march to the beat of their own drum today. It comes on the back of a reasonably solid day for the ASX yesterday – though admittedly it was another day of relatively low activity. A general driver for the session’s activity was hard to pinpoint, perhaps fortunately, with the market trading much more on the basis of the myri

MaxIG

MaxIG

US Equities Rise as Corporate Earnings Season Continues - EMEA Brief 17 Apr

The Dow was up 0.11% as positive news from Boeing boosted the index, the Federal Aviation Administration said that the software update to the 737 Max aircraft is "operationally suitable". The S&P increased marginally by 0.05% whilst the Nasdaq gained 0.3%. Netflix shares have dropped 1% after its earnings report yesterday, after announcing a weaker than expected guidance for Q2 as well as its CMO, Kelly Bennett, announcing her retirement this year. Although, Q1 earnings per share were

GeorgeIG

GeorgeIG

China’s data inspires relief: APAC brief 18 Apr

China’s data inspires relief: The Middle Kingdom was at the centre of financial market focus yesterday. Informally dubbed the “monthly economic data-dump”, market participants were granted the opportunity to test the thesis that the global economy’s Q1 malaise is turning around. And though it was only one set of numbers, the answer received from the Chinese data to this quandary was to the affirmative. China’s GDP figures beat economist’s estimates, printing at 6.4 per cent against the 6.3 per c

MaxIG

MaxIG

APAC brief 23 April

Traders have plenty to catch up on: As one might expect after (effectively) four days-off, there’s plenty of macro-economic news for Australian market participants to catch-up on following the Easter-holiday break. Chinese and Japanese markets have traded without interruption; while the US jumped back in to action overnight. And although price action won’t be the cause of any conniptions across trading floors this morning, there’s still enough information there to inspire a few novel ideas in th

MaxIG

MaxIG

Prepare for a return to volatility; top fundamental theme and event; US earnings - DailyFX Key Themes

Amid Extreme (Low) Volatility, Determine Your Approach and the Eventual Change  Volatility continues to sink into extreme levels of doldrums – and this is a theme that all traders should take time to appreciate at regular intervals. Low volatility is a defining feature of a financial landscape. Whether fundamentals catalyze a cascade of value repricing or a technical cue is capable of triggering an avalanche of entry/stop orders is predicated on the conditions first laid out by the depth an

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

Walmart/Sainsbury's Merger Blocked - EMEA Brief 25 April

UK Competition and Markets Authority have formally blocked the proposed £7.3 billion takeover of Asda by Sainsbury's causing the merger to collapse.  Corporate earnings reports see European stocks set to open slightly higher. The FTSE 100 rising 9 points to 4780. Whereas Wall Street ended Wednesday's session lower following mixed US corporate results.  Despite beating analysts expectations UBS reported a 27% fall in net profit for it's first quarter when compared to the same period

MichaelaIG

MichaelaIG

A mixed day for global stocks: APAC brief 26 Apr

A mixed day for global stocks: It’s been a mixed 24 hours for global markets. A series of conflicting messages are being delivered to traders, after the release of some major corporate reports in the past 24-48 hours. Market participants are truly in the meatiest part of earnings season now. The trader’s eye has been fixed on earnings from US tech and industrial giants yesterday and overnight; with the former, thanks to Facebook and Microsoft, beating expectations overall, but with the latter, c

MaxIG

MaxIG

Sign in to follow this  
×
×