GBP rallies on Brexit talks and a hope for a deal before the year is out.
Whilst there seems to be a break in tariff hostilities, it seen by most as only temporary.
A softer yen helped support Japan's Nikkei.
Asian overnight: Chinese and Hong Kong stocks were the two weak spots in a mixed overnight session, with strong gains for Japanese and Australian markets. The expected imposition of a whole raft of new US tariffs on Chinese goods has brought about further pressure on busi
UK Parliament Votes to Delay Brexit Deal, Now What?
Heading into the weekend, overnight implied volatility behind the Cable and other Pound crosses had charged to their highest level in over two years. That reflected well the fundamental weight represented by the first Saturday sitting in the Commons in 37 years. Parliament convened to debate the government’s withdrawal agreement bill which Prime Minister Boris Johnson managed to hash out with European negotiators during the EU leaders sum
Asia stocks at 17-month low as China lets yuan slip. China’s central bank fixed its yuan at 6.9019 per dollar on Tuesday.
Dow: After 3-day downtrend and a drop of 200 points the Dow rises for the first time.
Sovereign debt markets were calmer overnight whilst the 10 yr US Treasury maintained its 7 and a half year high.
Oil prices are steady but up 0.6% after a late boost on Monday. Supply side shortages from Iranian sanctions claims the move.
Google bug caused Shares
The European Central Bank is announcing its monetary policy today, with expectations that Mario Draghi will confirm that the ECB stands by its plan to end its quantitative easing program by the end of the year.
The euro plunges on Wednesday as concerns over the Eurozone growth continue.
Italian government bonds remain at year-highs as the EU has rejected the country's deficit plan. Yields are expected to remain high over the next few weeks as the Italian government says that the bu
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.
Bank of England believes the UK economy is set for the worst year since the financial crisis, as its growth forecasts for 2019 decline from 1.7 percent to 1.2 percent due to a slow economy and Brexit doubt
Trump to sign order to ban Chinese telecommunication equipment from US wireless networks
May travels to Dublin to discuss Brexit negotiations as she believes a deal could be agreed with Parliament if binding changes can be made to the backstop
Asian stocks decline after co
The Trade War Spreads to More Critical, Global Growth Organs
We have been unofficially engaged in a global trade war since March 2018. That is when the United States moved forward with a tariff on imported metals (steel and aluminum) from any destination outside of the country. Since this opening salvo, there have been small actions against countries outside the singular focus of China, but the incredible escalation between Washington and Beijing has drawn most of the global attention. Wit
Expected index adjustments
Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 31 Dec 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: All dividend adjustments are forecasts and therefore speculative. A dividend adjustment is a cash neutral ad
Trade war continues with EU initiating retaliatory tariffs from tomorrow. 25% will be levied against products from whiskey to jeans and motorbikes.
GBPUSD hits 7 month low on fears May will be ousted as PM over Brexit.
FTSE index buoyed by a depreciated Sterling.
Disney ups the bid to eclipse Comcast’s $35 a share cash offer for Fox with a $71bn deal, about $38 a share.
Trump crumbles to international pressure and signs an executive order stopping the separation of i
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
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
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
Trade war worries offset the gains seen in Wall Street with the Asian equity market struggling overnight.
The trillion dollar valuation race between Apple and Amazon continues with Amazon tipping the $900bn valuation yesterday.
GBP continues to take a beating against major world currencies as CPI data yesterday remained unchanged, reducing the likelihood of a rate hike in August.
US banking shares continue to do good in earning season as Morgan Stanley profit jump.
Is This a US-China Trade War Turn We Can Rely In?
The market was struck with a broad sense of enthusiasm through the second half of this past week. There were a number of developments – or expectations for forthcoming events – that contributed to this buoyancy. The theme stirring the most optimism was anticipation that the United States and China were finally making progress in their 15-month trade war. Just before the New York close on Friday, officials announced that indeed they had foun
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 C
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
Written by Kyle Rodda - IG Australia
ASX200 yesterday: It was a tale of two halves for the ASX200 yesterday, dipping at the open before roaring back to close the day’s trade 1.3 per cent higher. The dour beginnings came on the back of reports from Bloomberg – now well known – that the Trump Administration would be seeking to slap tariffs on (in effect) all Chinese imports into the US, if a deal couldn’t be achieved between US President Donald Trump and Chinese President Xi Jinping at next m
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 substan
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
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
BoE raised rates yesterday in a universal vote for a 0.25 percent increase.
Apple wins the race to the first trillion dollar company valuation in history closing up 3% on the day, 35c above the required $207.04 a share mark. Yes, that's trillion with 12 zeros as quoted in the title.
US dollar at 2-week high as trade war dents confidence.
Sonos Inc traded in a range as large as 35% (low to high) in debut IPO.
Oil prices steady supported by speculators and traders placi
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
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
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
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
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