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OPEC oil talks - EMEA brief 22nd June

Oil seeing volatility ahead of a crucial meeting for OPEC on production. 'History of Crude Oil' video below. Emerging markets aren't helped by trade war talks and slip to a 9 month low. Trade war fallout starting to be seen with Daimler's profit warning likely to be linked to the imposed tariffs.  Relatively large macro economic day today. Give a once over to the calendar below and plan your day. Asian Overnight: Asian markets were largely back in the red overnight, as

JamesIG

JamesIG

TRY gains on Erdogan win - EMEA brief 25th June

Global equity markets falter on trade war talk. Turkish lira gains on a presidential win for Recap Tayyip Erdogan. Oil sheds it's gains as OPEC agree on output hike. Saudi Arabia lifts the ban on female drivers which could generate up to $90bn for their economy according to Bloomberg Finance Britain sees its two year anniversary from the Brexit referendum vote. GBP down 11% in that time helping buoy the FTSE and companies who generate the majority of their revenue fro

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JamesIG

Nasdaq and USDJPY fallout - EMEA brief 26th June

USDJPY falls on the back of an intensifying trade war dispute. ‘Fang’ stocks and the heavily tech centric Nasdaq slump on the same trade war fears. Turkish lira gains from yesterday gives further reason for overseas investment in Turkey to remain wary. USDTRY looking like it could have entered a period of consolidation after rising nearly 25% from the beginning of the year. Oil prices rise on the Libyan oil export uncertainty, however OPEC still the overarching dampener with

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JamesIG

Oil booms, China bust? - EMEA brief 27th June

Chinese markets hit with yuan slipping to 6 month low and stock market and leading index falling. Oil sees significant positive price action as US pressures allies on Iranian crude oil. Trump hits out at Harley Davidson motorcycles for planning a move of U.S shores on the back of trade tariffs. 'Trading the trade wars' video by IGTV and Bryan Noble is today's featured video below. Gold slips as investors turn to rival safe haven assets. Bitcoin and cryptocurrency cons

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JamesIG

EU summit discussion - EMEA brief 28th June

Asian overnight: A mixed session in overnight markets came after the White House pulled plans to restrict Chinese acquisition of US technology, helping ease trade war fears that continue to dominate market sentiment. Interestingly, we still saw Chinese stocks fall, with the Shenzhen and Shanghai composite indices trading within the red. Once again, we saw the Australian ASX 200 gain ground amid a resurgence for crude prices. The Yen was largely flat over the session, with a weak retail sales rea

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JamesIG

Dividend Adjustments 02 July - 06 July

Expected index adjustments  Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 2nd July 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: Special Divs are highlighted in orange  Special Dividends You can see the special dividends lis

JamesIG

JamesIG

Sharp Asian declines - EMEA brief 2nd July

Asian overnight: Sharp declines overnight are pushing the bulls out the way and the overnight session looks to be paving the way for a bearish start to the week in Europe, with circa 2% losses across Japanese and Chinese markets. The Hang Seng market was closed for a bank holiday while the Australian ASX 200 managed to limit the losses. Trade wars are back on the agenda as a key concern for markets, with a European Commission statement against car tariffs making little difference to sentiment fo

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JamesIG

US markets closed - EMEA brief 4th July

Asian overnight: Another bearish session overnight saw Chinese and Hong Kong indices lead the decline, with the first round of tariffs on Chinese goods set to take effect on Friday. The recent decline in the yuan was arrested, with strong dollar selling pressure from Chinese banks looking like intervention from the Chinese authorities. Australian data came in mixed, with a strong retail sales reading counteracted by a lower than expected trade balance figure. Meanwhile, the Chinese Caixin servic

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JamesIG

USD soft going into FOMC - EMEA brief 5th July

Asian markets fall for the fourth day and major currencies are generally trading in a tight range.  MSCI Asia-Pacific index down 0.5% whilst Japan's Nikkei (the Japan 225) loses 1%. USD slightly softer going into US Initial Jobless Claims and FOMC minutes later today. Gold is holding steady before Fed minutes, whilst copper and zine are stuck near their one year lows on trade woes. Oil prices fall as Trump slams OPEC on twitter and blames the cartel for rising gas pri

JamesIG

JamesIG

Dividend Adjustments 09 July - 13 July

Expected index adjustments  Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 9th July 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: Special Divs are highlighted in orange  Special Dividends No special dividends this week. H

JamesIG

JamesIG

Brexit breakdown? - EMEA brief 10th July

A lack of trade war news is jumped on by Asian equity markets which rally for a third consecutive session. Boris Johnson follows David Davis and resigns from his position of Foreign Secretary sparking speculation of a rebellion. Oil dropped yesterday after Merkel and Li commit to Iran nuclear deal, before supply shortages and strikes in of oil workers in Norway aided the reversal for brent and WTI to finish up. Gold prices inch up amid the continued Brexit uncertainty, whils

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JamesIG

Brent drops 6.9% - EMEA brief 13th July

Asian session solid on reduced trade war fears. UK equity markets follow suit, along with a strong bidding war emerging for Sky, giving a green day for the FTSE yesterday and a positive start to the day today.  However data from China today showing a record trade surplus risks further inflaming trade tensions.  Trump is visiting the UK and has said that PM May is executing Brexit incorrectly. Trump's comments suggest May's Brexit plan is likely to kill hopes of a US t

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JamesIG

GDP growth slows in China - EMEA brief 16th July

Asian shares down. China sees GDP growth data for Q2 soften which fuels fears as trade war row concerns build. Trump and Putin will sit down today for their first ever summit. Remarks from the pair could boost defence stocks. May's Brexit brings another MP resignation as the trade bill fight looms over the government. The UK's Rightmove house price index was published this morning and shows continued stalling and devaluation in London’s housing market. This could be seen as

JamesIG

JamesIG

UK CPI today - EMEA brief 18th July

Oil prices dropped after an industry group reported that U.S. crude inventories rose last week, defying analyst expectations for a significant reduction. Wage growth in Britain is slowing according to new data out yesterday, casting a shadow on the likelihood of a BoE rate hike in August. All eyes should be on UK CPI data later today. Feds Powell said the “best way forward”, despite an impending trade war, was to continue to gradually increase rates. IBM have backed a ‘stabl

JamesIG

JamesIG

Comcast / Disney bidding war ends - EMEA brief 20th July

Asian equity markets are mixed, however some pushed higher overnight over a volatile trading session as the Chinese yuan bounced off a one year low. Trump showed displeasure towards the Fed's hikes, criticising policy and highlighting concerns on the potential impact of rising interest rates on the US economy causing the Dollar to sag. The Comcast / Disney bidding war for 21st Century Fox ended yesterday with the former pulling out of the race. Comcast still plan on pursuing Sky.

JamesIG

JamesIG

Dividend Adjustments 23 July - 27 July

Expected index adjustments  Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 23rd July 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: Special Divs are highlighted in orange  Special Dividends Index

JamesIG

JamesIG

Exponential Jump in Trade Wars; Move into Currency Wars; Will ECB and US GDP Register - DFX Key Themes

Just When You Think Trade Wars Can’t Grow More Extreme… The last we left global trade wars heading into the close Friday July 13th (the week before last), the situation was already firmly planted in worrying escalation with little sign of relief in the sidelines of diplomacy and political cheerleading. The United States was still applying its metals tariffs against competitors and colleagues alike, the $34 billion intellectual property oriented tariffs were in place against China (not to m

JohnDFX

JohnDFX

Retail sector profit warnings - EMEA brief 23rd July

Fear of an increase in protectionism from the United States causes Asian equity markets to dip. Profit warnings rise 29% quarter on quarter to 58 FTSE listed companies. Retail sector leads the way, and its expected the earnings shall continue due to uncertainty in the future. Brexit secretary Raab says that the ‘no deal’ option is still on the table. GBP opened marginally down, but came back and has now gained from the Friday close. G20 central bank leaders have warned that

JamesIG

JamesIG

Chinese equity 1mo high - EMEA brief 24th July

Asian market gain whilst Chinese shares hit a 1 month high on hopes of a government stimulus package.  Hedge funds bet on higher government bond yields extending the USD gains, and prompting a gold sell off. Oversupply worries continue with oil causing a drop in prices.  Despite Google's Alphabet multibillion dollar fine, shares jump on results to a record breaking all time high. Crypto markets currently up but generally trading in a range.  Asian overnight: A p

JamesIG

JamesIG

Turkish lira crash - EMEA brief 25th July

The Turkish lira crashes yesterday as the central bank decided to keep rates unchanged despite soaring inflation. The UK housing market looks to remain stagnant as figures released by HMRC showed housing transactions slipped last month by as much as 3%. House sales were down nearly 6% YoY. Housing market data in the US set to release today, so keep an eye out at 12 midday and 3pm for mortgage apps and new home sales figures.  Banking shares continue to gain globally. Metro bank has

JamesIG

JamesIG

US/EU trade talks go well - EMEA brief 26th July

Asian equity markets mixed overnight on better than expected Trump trade talks, but poor US futures - notably Facebook results. Saudi Arabia is suspending the shipment of oil via the Red Sea following an attack from Yemeni Houthi. Gold steady as dollar eases after US and EU trade talks. Big results day for the European market with Shell, Diageo, Nestle, Daimler, and AB InBev set to give trading updates. The corporate focus remains crucial for US markets of late, with

JamesIG

JamesIG

BoE rate changes this week? - EMEA brief 30 July

Asian overnight equity markets broadly subdued for central banks data test.  Dollar steady and range bound before key central bank meetings this week. Oil is mixed, however brent has eased as trade tensions continue to weigh. Gold prices have eased on the slightly stronger dollar. With Facebook, Twitter and Intel results all disappointing last week, the street may be cautious with the release of Apple's end of year tomorrow. Asian overnight: Overnight markets ha

JamesIG

JamesIG

FOMC today - EMEA brief 1 August

Asian equity markets have crept slightly higher overnight following on from a firm Wall Street finish yesterday. Apple gains 4% on good results yesterday as it races with Amazon to be the world's first trillion dollar company. Turkey sharply increased their inflation forecast yesterday to 13.4% just a week after keeping interest rates on hold. Bitcoin pulls back to a one week low, however still ends the month about 20% higher MoM. Oil has pulled back after industry da

JamesIG

JamesIG

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

German factory and PMI - EMEA brief 6 August

Fresh trade war chat causes Asian equity markets to see red as investors remain spooked. PBoC helps support Chinese assets by raising the reserve requirements on some forward FX positions, effectively making it more expensive to bet against the the Chinese currency. US dollar remains steady on the US jobs data on Friday, with currency markets focusing on the yuan. Saudi crude production printed a surprising dip in July, and with American shale production seemingly plateauing

JamesIG

JamesIG

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