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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

Trade-headlines: APAC brief 9 May

Trade-headlines determining sentiment once again: Judging by last night’s price action, trade for the remainder of the week is going to very “headline driven”. It’s an obscure way of saying a little bit nervous, a little bit jumpy, and probably a bit irrational. The reason for this judgement comes from market participants’ reaction to some pretty shallow, and conflicting news-stories overnight. As most traders have become used to when it comes to the subject, trade-negotiation news drove sentime

MaxIG

MaxIG

More volatility looks likely - APAC brief 10 May

The headline news: The trade-war headlines are coming in thick-and-fast, with none of them truly substantial. Nevertheless, they have proven sufficient to belt market sentiment around, and dictate financial market activity, once again. A re-cap of the (dis-jointed) narrative is handy, for the benefit of context. Yesterday our time, markets trembled on news that, at one of his notorious “MAGA” rallies, US President Trump announced he thought the Chinese “broke a [trade] deal”. Stock markets fell.

MaxIG

MaxIG

Dividend Adjustments 13 May - 20 May

Expected index adjustments  Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 13 May 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 ad

MaxIG

MaxIG

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

Stock markets continue to recover: APAC brief 17 May

Stock markets continue to recover: Global stocks have maintained their bounce. It’s looking more like a market that is searching for it’s next high now, as price action, from a technical perspective, suggests the recent wave-lower is over. Hence, from here, considering trade-war risks, and therefore anxiety in the market, remains high, the matter becomes whether stock indices are preparing to pop in a new higher-high, or whether what we will see is a new lower-high. The result of that simple bin

MaxIG

MaxIG

Price-action looks ominous for the S&P500: APAC brief - 20 May

A choppy week ends generally flat for Wall Street: Global stocks ended the week on softer footing. But if one narrows their attention to just the S&P500 as the bellwether, the past 5-days culminated in only a 0.76 per cent fall. Trade continues to dominate sentiment on a macro-scale. The US-China trade-war has deteriorated considerably, with positivity in the market currently being sustained by some vague hope that US President Trump and Chinese President Xi will meet on the sidelines of Jun

MaxIG

MaxIG

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

Dividend Adjustments 27 May - 3 June

Expected index adjustments  Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 27 May 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 ad

MaxIG

MaxIG

Markets returning to normal trade: APAC brief 29 May

Markets returning to normal trade: Traders in the US and UK returned to their desks overnight, and if price action is any guide, their verdict of the weekend news flow is “not much has really changed”. This isn’t to say the movements in financial markets in the past 12-18 hours have been ones of major conviction. Afterall, volumes are still light and the extent of the moves in price witnessed were modest. Nevertheless, despite what was notionally a tranquil weekend for financial market news, mar

MaxIG

MaxIG

Risk-assets up, but trade was tepid: APAC brief 31 May

Risk-assets up, but trade was tepid: The overnight session was, on balance, positive for risk assets, though the conviction behind market-moves was missing. The S&P500 – the natural barometer for market-mood currently – experienced a middling day. It’s closed more-or-less flat, having made a failed foray higher throughout Wall Street trade, to have sold off right-below crucial resistance at 2800. For the bulls in the market, circumstances didn’t fundamentally change last night. The short-ter

MaxIG

MaxIG

Dividend Adjustments 3 June - 10 June

Expected index adjustments  Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 3 June 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 ad

MaxIG

MaxIG

Trade wars grow more global; Dollar reserve risks; a host of fundamental themes - DailyFX Key Themes

Trump Using Mexico as a Trade War Warning to China? In a surprise move, the United States is now fighting a full trade war on two fronts as of this past week. With the path to a US-China compromise still lacking any clear hand holds, US President Donald Trump announced a wholly unexpected  economic move against neighbor Mexico this past Thursday evening. According to his tweet, the United States would charge a 5 percent import tax on ALL Mexican goods coming into the country as of June 10th

JohnDFX

JohnDFX

Aussie growth underwhelms: APAC brief 7 June

Aussie growth underwhelms: Australian GDP data was the highlight of the economic calendar yesterday. All-in-all, the data was of minimal impact, though it did for make big headlines: the growth rate came-in at 1.8 per cent on an annualized basis, as expected – the slowest rate of economic growth since the GFC. A poor print undoubtedly, but one that had been priced into the market well in advance. Hence, markets were little moved upon the release. The ASX200 hardly budged. The Australian Dollar l

MaxIG

MaxIG

Dividend Adjustments 10 June - 17 June

Expected index adjustments  Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 10 June 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 a

MaxIG

MaxIG

Fed rescue expectations; trade wars; Euro stability - DailyFX Key Themes

It’s Okay, This One is On the Fed  There has been a notable shift in the market’s mood in just the past week. A sense of dull complacency that traders who were active during the first wave of the large scale, central bank stimulus infusions would recognize has bolstered key assets. After the benchmark S&P 500 and Dow topped at the beginning of May, a steady slide in the indices encouraged the same sinking feeling in conviction that was dependent on complacency. Evidence that we are the

JohnDFX

JohnDFX

Dividend Adjustments 17 June - 24 June

Expected index adjustments Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 17 June 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 a

MaxIG

MaxIG

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

ASX edges higher, Aussie Dollar pops on RBA comments - APAC brief 25 Jun

ASX edges higher: The ASX200 edged higher yesterday, as what is a technically overbought market recovered some of its Friday losses. Upside momentum has clearly cooled for the local stock market, ahead of a week heavily geared towards positioning for this weekend’s G20 meeting. Overall, it must be said it was a low impact and low activity day’s trade yesterday. Consumer stocks were most responsible for the day’s losses, sapping around 4 points from the ASX200, while Real Estate and bank stocks l

MaxIG

MaxIG

G20 begins APAC brief - 28 Jun

G20 Summit begins: Market attention turns, almost singularly, to this weekend’s G20 Summit, today. There are numerous issues with significant financial market and global economic implications to be discussed at the event – the general concern about a global economic slow-down the overarching one. But of course, at the centre of everything, almost eclipsing the Summit’s primary purpose, is the highly anticipated meeting on Saturday afternoon between US President Donald Trump, and Chinese Presiden

KirbyIG

KirbyIG

G20 Summit goes to plan: APAC brief - 1 Jul

G20 Summit goes to plan: Financial market participants will be relieved by the outcome of the Trump-Xi meeting at the weekend’s G20. They’ve effectively received what they’d been expecting: no-deal of course, but a pledge to restart talks and not increase tariffs in the interim. As has been discussed by many, this is likely to be just the latest chapter of what’s going to be an epic tale for US-China relations. And it doesn’t, in the shorter-term, completely remove the headwinds faced by the glo

KirbyIG

KirbyIG

Trade wars aftermath; seasonality; setting up official 2Q GDP - DailyFX Key Themes

Monday’s Open: Trade Wars Status Quo That Really Isn’t  The G-20 Summit has passed and by the accounts of the key players, the results were encouraging. I guess no new fronts have been added to the global economic conflict after the two-day meeting, so that is a silver lining we can hold onto if we wanted to be optimistic to the point of true enthusiasm.  According to President Trump’s account of his meeting with his Chinese counterpart Xi Jinping, their discussion was a success as it repor

JohnDFX

JohnDFX

G20 bolsters sentiment: APAC brief - 2 Jul

G20 outcome bolsters sentiment: Market activity was defined by a demonstrable lift in risk appetite yesterday. Stock markets rallied, especially in China, and the S&P500 touched new all-time highs. The Yen dipped, as did the Swiss Franc. The stronger Greenback combined with the lift in global bond yields knocked gold prices down below the $US1400-mark. And oil rallied – boosted, too, by the prospect of coordinated supply controls from OPEC-members at their meeting this week. While the positi

KirbyIG

KirbyIG

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

Another record-reaching session: APAC brief - 4 Jul

Another record-reaching session: US stocks have notched-up another record high, as the S&P500 closes in on the 3000-mark. The ASX200 yesterday came close to its own psychological milestone, nearing the 6700-level. The highs came on a light-day’s trade on Wall Street, however, with US markets trading-in a shorted session in ahead of the Independence Day holiday. Currency markets were more volatile, with commodity currencies climbing courtesy of several positive trade balance data out of New Z

KirbyIG

KirbyIG

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