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Will 2018's turbulence continue into the New Year? - EMEA Brief 31 Dec

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

MichaelaIG

MichaelaIG

Volatility - APAC brief 11 Oct

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

JasmineC

JasmineC

Dividend Adjustments 11 June - 15 June

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  Special Dividends You can see the special dividends listed

JamesIG

JamesIG

Theme overload, Fed's Powell's testimony, China data - DFX key themes

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

JohnDFX

JohnDFX

Brexit secretary resigns - EMEA brief 9th July

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

JamesIG

JamesIG

Wake up and smell the coffee; Starbucks beats sales expectations - EMEA Brief 25 Jan

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

GeorgeIG

GeorgeIG

Global Markets Retreat as Tech Rout Spreads - EMEA Brief 21 Nov

FAANG stocks have now shed more than $1 trillion in market value since recent highs, whilst Target leads the fall in retail as its shares dropped 10.5% yesterday after posting worse than expected earnings figures. The Nasdaq ended the day down 1.7%, whilst the S&P was down 1.8%. The Dow Jones dropped 550 points to close on Tuesday, erasing this year’s gains as it moved into negative territory. Asian stocks slipped on Wednesday as intensifying fears on global economic growth and

JoeIG

JoeIG

Is Gold heading down? - EMEA Brief 08 Jan

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

IG-Andi

IG-Andi

Emerging markets address rising inflation - EMEA brief 04 Sep

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

SamuelIG

SamuelIG

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

Trade wars, brexit and the Fed - DFX key themes

This blog post is to update everyone of the themes that DailyFX expects to focus on in the week ahead. Given the focus of previous weeks, the backdrop market conditions and the event risk ahead; the three topics below will be particularly important in our coverage.  Risk trends amid trade wars If you somehow were in doubt that trade wars were already underway, the enactment of reciprocal $34 billion tariffs by the United States and China on each other this past week should banish that

JohnDFX

JohnDFX

Brexit speech to be announced to Parliament- EMEA Brief 15th Nov

Brexit draft has been backed up by the cabinet where Theresa May will announce a speech on Thursday to the Parliament, however, there are assumptions that this could end with a vote of no confidence  China delivering a written response to the US demands for wide-ranging trade reforms, which could potentially end the trade war between the two countries Bitcoin market capitalisation declines to its lowest level since October 2017, falling to under $100billion. Ethereum and XRP also d

KatherineIG

KatherineIG

Twitter earnings today - EMEA brief 27th July

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. Sky br

JamesIG

JamesIG

'Flash Crash' as Apple Releases Revenue Warning - EMEA Brief 03 Jan

US Index Futures fell and Asian shares toppled on Thursday after a revenue warning from Apple on its Q1 results adds to fears of slowing global growth. Dow futures point to a decline of over 400 points at the open.  The Dow is currently trading at 23015, the S&P at 2476 and the Nasdaq at 6211.  MSCI's Index of  Asia-Pacific shares excluding Japan dropped 0.6%, whilst the Nikkei futures fell 2.2%.  The news from Apple sparked a 'flash crash' in the currency markets, sendi

JoeIG

JoeIG

Trader's View - APAC brief 15 Aug

Turkey: Financial markets regained their cool overnight, returning to some semblance of normal trading conditions. Traders appear a little more comfortable with the Turkey situation, apparently reassured by the idea that developed economies and financial markets are shielded from the direr consequences of a Turkish borne financial crisis. The core issue is unlikely to disappear entirely, given hostilities between the US and Turkey have only escalated in recent days. Moreover, global fundamentals

JasmineC

JasmineC

Risk aversion intensifies; Euro and Pound fundamentals, FX measures - DFX Key Themes

Risk Trends – Monitor Liquidity Closely  Sentiment is turning increasingly septic across the financial markets. This past week certainly wasn’t the first week that signs of trouble were starting to show. However, a clear capitulation by one of the favorite benchmarks of hold-out bulls – US indices – has undermined one of the few reliable backstops left. The S&P 500 and Dow have been in retreat through much of October after hitting their respective record highs. Up until this past week,

JohnDFX

JohnDFX

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

JamesIG

JamesIG

Roundtable discussions - EMEA brief 20th June

Asian market bounced a little on Wednesday morning on continued trade war talks. In the Chinese markets regulators sought to calm the markets. Those with large Chinese export books such as Boeing and machinery manufacturers Caterpillar were hit the hardest with Trump's threat of further tariffs. These may be ones to watch going forward as the trade war unfolds. The ‘big four’ accounting scandal continues with internal report from a Lloyd’s bank employee detailing allegations of mis

JamesIG

JamesIG

Dow Pares Losses Following Worst Christmas Eve Ever - EMEA Brief 27 Dec

The three main American indices: the Dow, the S&P and the NASDAQ all rose over 4% on boxing day following the Dow’s worst Christmas eve ever. Asian markets followed the trend with the Nikkei also raising 4% Oil saw its largest daily gain since 2016 with an 8% rally. Oil related companies in Australia also climbed on the price increase. The dollar basket rose almost 0.6% in the main session but finished the day with a strong gain of 0.29% Huawei concerns deepen as

IGAaronC

IGAaronC

Over Exposed Traders, Global Taper Tantrum, Jackson Hole - DFX key themes

Positioning Extremes Grow More Extreme  There are a few undisputable and universal forces when it comes to the financial markets. One of those all-powerful winds is the concept of risk trends which is referred to by many names such as ‘risk on, risk off’ or referenced unknowingly when we blindly attribute market wide movement to animal spirits through technical cues, smart versus dumb money, panic to greed. Another of these truisms is the allocation of capital. While total wealth does grow

JohnDFX

JohnDFX

Ford Pulls Brakes on Brazil Factory - EMEA Brief 20 Feb

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

MichaelaIG

MichaelaIG

Tariffs spook markets - EMEA brief 11th July

The Trump house looks to impose 10% tariffs on $200 bln of Chinese goods. Shanghai and Hong Kong equity markets drag down the wider overnight Asian session. The bidding war on Sky continues with Murdoch's Fox offering £14/share beating Comcasts previous £12.50. Copper and zinc slide to 1-year low, oil also sharply lower on trade war fears. Asian overnight: Asian markets were back in the red overnight, as Donald Trump has once again ramped up trade war fears, driving aw

JamesIG

JamesIG

May Battles for Brexit Agreement and Party Backing - EMEA Brief 16 Nov

Theresa May continues to back her Brexit deal despite deep divisions in her party, 16 members of which have openly called for a vote of no confidence in the Prime Minister Brexit draft agreement led to several resignations including Brexit Secretary Dominic Raab and cabinet minister Esther McVey The GBP fell 1.7% against the dollar and 1.9% against the Euro yesterday, the lowest in over two weeks. However, this morning has seen a slight rally The Trump administration are rep

MichaelaIG

MichaelaIG

Mark Carney to stay on at BoE - EMEA brief 12 Sep

Mark Carney will stay on as the BoE (Bank of England) governor until the end of January 2020 to help the UK through any Brexit turbulence. Unilever laid out plans for it's December listing as a new Dutch entity, initiated originally due to Brexit risks. China is set to request the World Trade Organization (WTO) to hit the US with good duties. Dollar slips. Oil prices have risen following a report that the US crude inventories are set to decline. Whilst top oil produce

JamesIG

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

JamesIG

JamesIG

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