Samsung announced the Galaxy Fold the first consumer available phone to feature a folding display. The new phone also comes with a $1,980 price tag.
Barclays report full-year net profit of £1.4 billion for 2018, pulling back from 2017's significant losses.
Theresa May reports positively about Brussels talks but is it too little too late after three Tory MPs quit the party to join an independent group yesterday.
Google have stated that the omission of the Nest Guard home a
Important European Central Bank Rate Decisions
As we find distraction in trade wars and political risk, it is important to remember that we are still dealing with more traditional fundamental issues in the background. One of the most systemically important and extremely underpriced risks is the global market’s long-standing dependency on massive stimulus from the world’s largest central banks. That wave of easy money through massive rate cuts and largest stimulus programs has noticeably rec
The U.S. and Canada agreed to a trade deal that would preserve a three-way bloc with Mexico, setting the stage for their leaders to sign the accord by the end of November. The new deal will be called the U.S.-Mexico-Canada Agreement, or USMCA.
Mexican peso and Canadian dollar gains as uncertainty is lifted and greater stability takes hold of the Americas.
The euro was hit by worries about a rise in Italy's fiscal deficit after the Italian government agreed to set a higher than expe
Barrick Gold has announced an unsolicited plan to merge with Newmont Mining in a $19 billion all-share transaction. The merger, if successful, would create the world's largest gold mining company and could potentially re-shape the industry, along with gold prices. This comes after Barrick completed their $6.1 billion acquisition of Randgold Resources last month.
Tesla shares fell almost 5% yesterday after the SEC asked a judge to hold CEO, Elon Musk, in contempt for failing to abide by a
Ford announced plan to close a factory in Brazil, resulting in 2,800 job cuts. This follows as Ford pulls sale of heavy commercial trucks in South America.
May will return to Brussels again in further attempt to reach conclusive agreement on the controversial Irish-backstop.
Asian stocks saw a mixed session following similarly mixed U.S. trade talk reports. Whilst Trump commented positively on trade talks and it was reported that the U.S. is requesting China keep the yuan stable
Following Brussels summit Theresa May hints the UK may consider longer transition period resulting in the UK remaining tied to the Euro bloc's rules for a period of 21 months after the exit day
Trump escalates economic confrontation with Beijing by announcing his intention to withdraw the US from China Shipping Treaty
Cannabis stocks slipped after Canada’s legalisation. Aurora Cannabis Inc posting a 15% slide shortly after market opened yesterday. Popular ETFs ETFMG Alternative Ha
Theresa May is set to meet with European leaders today to have crucial talks about amending her Brexit proposal with all of the focus on the Irish backstop. She flies to Brussels a day after European Council president Donald Tusk faced backlash after he claimed there is 'a special place in hell for Brexiteers'.
The Bank of England is set to announce its rate decision today at noon, with forecasts expecting rates to be unchanged until some of the Brexit uncertainty has passed.
It is Not Wise to Start Financial Fires in a Market so Parched for Value
The financial markets find themselves in between two storm fronts. On the one hand, there is the seasonal liquidity drain that is associated with Summer trade. More historical norm than actual exchange closures, the ‘Summer Doldrums’ present a consistent curb on volume, open interest, volatility and productive trend year after year. However, the restraint is not guaranteed. Though not as common as those Fall (for the N
Growth Takes Center Stage with Peoples’ Congress and OECD Forecasts
Most investors and traders attempt to project into the future in order to take advantage of large market moves before they are priced in and the trend potential is spent. That is perhaps the most basic precept of speculation, yet it also brings with it a range of collective cognitive biases. One such mass psychological distortion is a prioritization of the means over the ends. When looking back to the 2008 financial crisis
Coffee giant Starbucks announced that same-stores sales grew by 4% in its home US market, with overall revenue also beating expectations. Speaking about the results, CEO Kevin Johnson said that "Our streamline efforts over the past six quarters are paying off by allowing us to bring more focus and discipline to our three strategic priorities".
Talks are continuing in the US as the Senate tries to reach an agreement to end the government shutdown, which is now in its 34th day. The White ho
China's stock market leads 2018 losses with both major indexes, the Shanghai composite and the Shenzhen component each facing annual declines of over 24%.
2018 saw both Australia and Hong Kong's benchmark indexes face annual declines. The ASX 200 falling 6.9% compared to its 2017 closing, whilst the Hang Seng index saw around a 13% decline compared to 2017.
China's manufacturing sector contracted for the first time in two years.. The official Purchasing Manager's Index reporting a
Trade War Relief, But How Much?
Finally, some trade war respite. Or at least, what looks like relief. Following week after week of steadily escalating threats and a few decisive actions (and retaliations) along the way, there was finally a joint statement of agreement between key global leaders. Following their meeting in Washington DC, US President Donald Trump and European Union President Jean Claude-Juncker issued a statement of success this past Wednesday. Any pause in this quickly bal
Hong Kong’s Hang Seng index pulled back last night with gambling shares having a bad time after falling revenues in Macau's casino region. US-Sino tensions rise as a US ship enters Chinese territory. Stay on top of currency markets as trade war tensions rise with #IGForexChat.
The financial and healthcare sectors pushed the ASX lower whilst China remained closed for another public holiday. Bank of Australia holds cash rate at 1.5%.
Japan’s Nikkei was the lone star in the Asian over
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
Asian stocks are broadly higher ahead of the Fed rate decision later today, whilst the NZ dollar is buoyed by higher business confidence.
Trump and Iranian President Hassan Rouhani came to a head at the UN General Assembly on Tuesday with the US President vowing more sanctions against Tehran, whilst President Rouhani suggested that Trump suffers from a "weakness of intellect." Trump is really trying to bring the price of oil into play before the midterms as high oil prices could hit the
So Much Risk, Status Quo is an Improvement
In individual trading sessions or entire weeks where there is an overwhelming amount of important, scheduled event risk; we often find the market frozen with concern of imminent volatility. Even as a remarkable surprise prints on the docket early in the week, the impact it generates is often truncated by the concern that the subsequent release can generate just as much shock value but in the opposite direction. Many opportunities have been spoiled
Huawei CFO Meng Wanzhou was arrested in Canada where she faces extradition to the US for violating US sanctions, leading to growing tensions between the China and US that create further doubt about the cease-fire on the tariff war declared over the weekend. Shares in Asian suppliers to Huawei sank on Thursday after the arrest was made pubic.
Asian markets fell on Thursday ahead of the highly awaited OPEC meeting to be held in Austria today. The Hang Seng was down 2.62%, the Nikkei fell 1.
Volatility is up, and risk appetite has been dulled. The VIX traded towards the 22 figure overnight, while currency safe havens such as the Yen were sought amid a somewhat remarkable sell-off across global equities during the European and North American sessions. It’s a matter of markets continuing to adjust to a world of higher interest rates and US Treasury yields – coupled with the expected panic when prices recalibrate to evolving fundamentals. A strong enough argument can be made that we ar
David Davis resigns from his poll position as Brexit secretary. Sterling feels the pinch.
Global equity markets rally on US jobs relief, whilst dollar falters.
Balanced U.S. jobs data suggest Fed can stay gradual on hikes
Oil inches up whilst gold gains on the weaker dollar.
NYSE technology chief has jumped ship to join the Winklevoss ‘bitcoin billionaires’ cryptocurrency venture as their first CTO for Gemini.
Asian overnight: Asian markets have seen substa
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
Expected index adjustments
Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 11th June 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
You can see the special dividends listed
Trade Wars Update: It No Longer Matters?
Seemingly a routine occurrence for the global financial markets, we saw the state of global trade deteriorate yet again through the past week. As expected, the United States went forward with tariffs on an additional $200 billion in Chinese goods. The terms are for a 10 percent rate on a range of imports that will increase to 25 percent by the end of the year. The standard, immediate response from China was quickly implemented, but only on $60 billi
European shares seen opening slightly higher
Interest rates and details of asset purchases by the ECB remain unchanged after yesterdays meeting.
No mention of protectionist policy or further details on the supposed resolution of aluminium and steel tariffs were given by Draghi.
Prescription cannabis for medical use is now legal in the UK after a reclassification of the drug.
Amazon smash forecasts of $2.54 EPS with a healthy $5.07 for their end of years.
Asian stocks were mixed yesterday with no lead from US session and continued concerns over trade tensions.
Argentina announces new fiscal policy, while Turkey's central bank hints towards a rate hike.
WTI trades higher as two rigs off the Gulf of Mexico are evacuated ahead of hurricane.
Brent loses ground as India allows state refiners to import Iranian oil.
RBA holds rates steady at 1.5%.
Asian overnight: A mixed session overnight has seen substantial gains in
Trading in Asia was mixed as investors try to balance macro risks with optimism towards trade talks. The top performers were Japan’s Topix and Australia’s S&P/ASX 200 both rose about 0.5%, while the Shanghai Composite Index lost 0.3%.
Gold prices edged lower as the greenback’s descendant spiral seem to have stopped and amidst the possibility of a pause in further rate hikes. The February contracts hit $1291.4 around 1:10am GMT before dropping consistently during the following hours, a
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