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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

Global market landscape - APAC brief 15 Nov

Written by Kyle Rodda - IG Australia The global market landscape: November’s gains, as modest as they were, have been snatched it would seem, across Wall Street indices and Australia’s ASX200. The bloodletting has been profuse once more this week, and it seems that diminishing number of momentum chasers have had handed to them another dose of market reality. To be fair, this latest round of selling has been precipitated by a new risk: tumbling oil prices. The price of the black stuff bounce

MaxIG

MaxIG

The pattern continues - APAC brief 12 Dec

Written by Kyle Rodda - IG Australia The pattern continues: Wall Street indices have been swinging about madly again. The pattern continues: an open, a rally or fall, then a retracement or recovery. Today we’ve had an open, a rally, then retracement, then a recovery again. There were stories behind this price-action. Everything that happened overnight appeared perfectly explicable. One wonders though if the swings in trading activity are being overly attributed to headlines. Or perhaps it’s

MaxIG

MaxIG

A bearish day - APAC brief 4 Jan

A bearish day: It was a hectic day on the dealing floor, yesterday. Several surprises smacked markets during early Asian trade, and the subsequent 24-hours has since belonged to the bears. The “slower global growth” narrative is gaining momentum, driving traders from riskier assets into safe-havens, as fear snowballs. The VIX is well off its highs from last week, but it did lift overnight, nevertheless, with price action indicating the markets are bracing for further pain. Overall, it was mostly

MaxIG

MaxIG

Relief-rallies - APAC brief 02 Oct

Deal done: Hopes were whetted during overnight trade from the news that the US, Mexico and Canada had agreed to a revised “NAFTA” agreement. To be (re)named USMCA – the US-Mexico-Canada-Agreement, a clear declaration of the Trumpian neo-Nationalist, “America First” agenda – the trade agreement reconfigures the North American trade consensus, with a skew towards US economic interests. It was apparently the Canadian’s who finally caved in to political and economic pressure on the trade pact, backi

JasmineC

JasmineC

US elections, a round of rate decisions, global disputes - DFX Key Themes

Remove the Political Bias, Focus on the Volatility  There has been plenty of political risk keeping the markets at a steady simmer these past months. Some situations like Italy’s budget stand-off with the European Union and the Brexit negotiations are more overt concerns. However, the general rise of populism and the erosion of cross border diplomacy (trade wars, sanctions, failed trade deals, etc) represents a more systemic risk. Yet, despite the ubiquity of this fundamental influence, the

JohnDFX

JohnDFX

Trump stokes trade wars; side effects of economic wars; central banks strain credibility - DailyFX Key Themes

Another Massive Escalation of the US-China Trade Wars The White House continues to double down on its aggressive posturing against China in a bid to force the county to yield to its demands at the negotiation table. This approach follows a few patterns in economics, sociology and debate whereby the commitment to escalation persists despite growing risks and diminishing return when or if a compromise is struck – such as the ‘escalation of commitment’ behavior. Late this past week, President

JohnDFX

JohnDFX

Trade Wars Re-upped, A Dollar Run and Apple's $1 Tln Market Cap - DailyFX Key Themes

US-China Trade War Moving Beyond Boundaries As expected, the relief from trade wars didn’t last long. Not a week after US President Trump and EU President Juncker announced an armistice on tariffs between the two dominant economies, the former revived pressure on its favorite target: China. Trump had issued threats of escalating tariffs against its trade-dependent counterpart over previous weeks, but the impact of the warning seemed to come with shorter half-lives than what we had experienc

JohnDFX

JohnDFX

Oil slips 3% - EMEA brief 9 August

Asia share markets mixed, China up on stimulus hopes GBPUSD hits a one year low as Brexit fears continue. Sterling’s slump guided the FTSE on a stellar rally. USD/TRY poised for continued big volatility swings over US/Turkey meeting. Oil price steady after sliding 3% yesterday. Asian overnight: Asian stocks were largely higher, with Japanese indices providing the one outlier amid a wider rally led by rampant upside for Chinese and Hong Kong stocks. One major drag

JamesIG

JamesIG

Friday's session: APAC brief 10 Dec

Written by Kyle Rodda - IG Australia Friday session: Friday capped off another horror week for Wall Street. It was US equities’ worst week since March. Traders are currently operating within a volatility trap – and there are few indications this will soon end. The VIX is elevated, above 23 at the last reading, but occupied time above the 25-mark at stages during the week. Volatility is an active trader’s friend, and for the most part the opportunities it has thrown have been relished. Liqui

MaxIG

MaxIG

APAC brief - 30 April

Wall Street adds to its record-highs: The first day of the financial week has been done and won, and its resulted in another small victory for Wall Street indices. US stocks have added to their record highs overnight, as market participants become increasingly bullish across asset classes. The story wasn’t quite so rosy for markets in other geographies yesterday: Asian equities generally slid amid low activity, while European stocks were positive, yet tepid in their trading. Still, it seems, the

MaxIG

MaxIG

Calmer trade, vigilance remains - APAC brief 9 Jan

Calmer trade, vigilance remains: The sense of cautious optimism in markets remains. Extreme swings in sentiment have been absent. Calm prevails, albeit within a mindset of greater vigilance. There hasn’t been a face ripping rally, nor a vertigo inducing fall, in global equities this week. The trading activity does feel distinct from that which was experienced in December. Fear and subsequent volatility is unwinding. The VIX continues to edge lower, though at a slower pace now. Several of the pan

MaxIG

MaxIG

Mixed results - APAC brief 25 Jan

Sentiment weaker; but ASX to rise: SPI Futures are indicating an 11-point gain at the outset for the ASX200 this morning. It's perhaps a surprising result, given overnight activity. The chorus of pundits calling an economic slowdown grew louder, backed up by weak data and some unfavourable headlines. The Australian Dollar is better reflecting the dynamic: it's fallen through the 0.7100 level to eye support at 0.7040. Perhaps the weaker A-Dollar is behind some of the expected lift in Aussie stock

MaxIG

MaxIG

US-China trade war cliff avoidance; true risk on?; year-end market scenarios - DailyFX Key Themes

What Was and Was Not Announced in the US-China Phase 1 Trade Deal  Release the doves. The US and China announced last week that they finally were able to come to terms on the their long contentious Phase 1 trade deal. It seems to have conveniently slipped the market’s collective mind that the first stage of the promised reversal to the trade war was announced back on October 11. No tangible change had been put into place between then and now, but that didn’t slow the climb from risk benchma

JohnDFX

JohnDFX

Growth fears ease; risk taking subdued - APAC brief 4 April

Growth fears ease; risk taking subdued: Risk appetite wasn't terribly high overnight. But in saying this, the persistent, vexatious concerns regarding the global growth outlook has continued to abate. Markets have become used to modifications in the growth outlook manifesting in a powering of risk-on behaviour. Given the economic backdrop, the reasons for this are pretty intuitive. Just as far as last night's trade, though, this relationship didn’t hold quite so strongly. There were clear signs

MaxIG

MaxIG

Wall street pull back - APAC brief 22 Feb

Wall Street pulls back: On balance, and with Wall Street a few hours from ending its session, it's been a soft 24 hours for equities. The often heard calls of a looming "new-peak" in the market in the shorter term can be heard from some. Momentum has certainly slowed down. The S&P500 has its eyes one 2815 again - that crucial area where that index sold off on three occasions from October to December last year. It could be a slow drive to arrive at a challenge of that level now. The dovish Fe

MaxIG

MaxIG

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

Trump states he will cooperate with House Judiciary Committee Investigation - EMEA Brief 05 Mar

Trump is subject of large-scale investigation by the House Judiciary Committee who have sent requests for documents to 81 individuals. The investigation will look into alleged obstruction of Justice, corruption and potential abuses of power.  Despite positive outlook of US and China trade war, as parties appear closer to reaching formal agreement, U.S stocks saw a downturn after positive opening. The S&P fell 0.4% to 2,792.62, The Dow tumbled 206.67 points to 25,819.65 and the Nasdaq

MichaelaIG

MichaelaIG

Lyft Fails to Lift-off on Second Day of Trading - EMEA Brief 02 Apr

Lyft, the most recent high profile IPO, shares have seen huge trading activity over the first two days of trading as over 41.5 million shares were traded, well over the 32.5 million offered in the IPO. However, the ride-hailing company saw it's shares slump 12% on its second day of trading down to $69.01, below the official IPO price of $72. The downturn comes after the stock rallied to a high of $88.60 on Friday. US equities surged on Monday due to strong manufacturing data as factory ac

GeorgeIG

GeorgeIG

Central bankers throw weight around: APAC brief 21 June

Other central bankers throw their weight around: After the US Fed exited the ring yesterday, some of the world’s other heavyweight central-bankers weighed-in on the global race-to-the-bottom for global interest rates. The BOJ met yesterday, and though they kept their policy entirely untouched, it Governor Haruhiko Kuroda affirmed his commitment to monetary stimulus if necessary. RBA Governor Philip Lowe also delivered a speech, in which he was explicit in his belief that lower interest rates wer

MaxIG

MaxIG

Stocks wander, bonds rally, oil tumbles: APAC brief - 3 Jul

Stocks wander, bonds rally, oil tumbles: Equity markets edged higher overnight, however activity was generally thin, as fresh news and data proved lacking. Market behaviour suggests global growth concerns have returned to prominence: bond yields fell across the globe, with the yield on the benchmark US 10 Year Treasury note falling below 2 per cent again. Defensive sectors generally outperformed on Wall Street. Oil tumbled, while gold staged a bounce. And the USD was a little weaker, though it w

KirbyIG

KirbyIG

The control of the market - APAC brief 24 Jan

The control of the market: The bulls and bears are circling one another, with neither to take control in a meaningful way this week. There is a vacillating in sentiment, maybe as each side recognizes that not enough information has emerged this week to tip favour towards one camp or another. Moments like these can be opportunities whereby markets build to a breaking point. It becomes a matter now of waiting for the necessary evidence to buy-in or sell-out. Headlines are determining intra-day mov

MaxIG

MaxIG

'Spend It Well'; M&S and Ocado Confirm £750m Deal - EMEA Brief 27 Feb

Marks & Spencer and Ocado have officially confirmed a deal whereby M&S will buy a 50% share of Ocado's retail business in a £750m home delivery deal, a huge transformational step for the iconic retailer. M&S will finance the deal by offering a £600m rights issue to shareholders and cutting dividend payouts by 40%. President Trump and North Korean leader Kim Jong-Un are set to meet today in an attempt to end North Korea's nuclear program in exchange for a relief in sanctions by

GeorgeIG

GeorgeIG

Chinese factory activity shrinks again- EMEA Brief 01 Mar 2019

Chinese factory activity reduces for the third month in a row with Caixin/Markit Manufacturing PMI at 49.9 for February. A reading above 50 shows expansion Rolls-Royce announces a pre-tax loss of £2.9billion for 2018, after a profit of £3.89billion in the previous year Minister George Eustice quits the government in relation to Theresa May’s promise allowing MPs to vote on delaying Brexit, if the deal is rejected Asia stocks slightly higher with the Hang Seng higher by 0.45

KatherineIG

KatherineIG

No-Deal Brexit to be voted after May's deal rejection - EMEA Brief 13 Mar

The pound ticked higher after dropping on Tuesday after Theresa May’s amended Brexit deal rejection. Today’s vote in the UK parliament whether to leave the EU without a deal is unlikely to provide excessive pressure on the sterling in case the proposal is rejected, however downside risk exists. Cable was almost flat as of 7:30am GMT trading at 1.31069. The US dollar floated and yields fell on Tuesday after softer inflation data increased the possibility of more dovish policies from the Fe

IG-Andi

IG-Andi

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