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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

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

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

Risk appetite despite trade wars; Dollar motivation; political risks rises - DFX key themes

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

JohnDFX

JohnDFX

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

Amazon tips $900bn - EMEA brief 19th July

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. Oi

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

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

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

BoE Super Thursday - EMEA brief 2 Aug

Poor EoY results helped  pushed the FTSE lower yesterday as miners sold off, whilst the White House threat for further Chinese tariffs had a negative impact on the S&P energy and industrial sector which also suffered. In the US the Fed decided to hold rates ahead of a likely September hike. Range remains in the 1.75 to 2 per cent channel. According to a US trade representative, the refusal of China to meet US demands, along with implementation of retaliatory tariffs on US goods

JamesIG

JamesIG

UK economy; could this be the worst year since the financial crisis? - EMEA Brief 08 Feb

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

KatherineIG

KatherineIG

Deutsche Bank kicks-off European Banking Season - EMEA Brief 24 Oct

Deutsche Bank has kicked off the banking season in Europe today as the bank announced a net profit of €229 million, with analysts expecting a profit of €149 million, as the investment bank branch loses ground. Barclays has followed by beating expectations as net income came in at £1 billion vs. £723 million expected, Jes Staley announced he is "very pleased" with the Q3 results. The EU continues to mount pressure on the Italian government as Valdis Domborvskis, vice-president of the Europ

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

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

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

Trade War Progress Ripples Through Markets - EMEA Brief 25 Feb

Developments have been made in the US-China trade war with Trump announcing ‘substantial progress’ has been made by both sides resulting in the hike on Chinese imports being delayed. Theresa May is set to meet world leaders in Egypt later today. Yesterday she announced there will be a new vote on her deal by the 12th of March but has faced criticism that this is just 17 days before the deadline. Asian markets have rallied on the back of the trade war announcement, with the Shanghai

IGAaronC

IGAaronC

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

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

EU joins trade war - EMEA brief 21st June

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

JamesIG

JamesIG

US markets close higher in volatile session - EMEA Brief 28 Dec

US equities rallied late on Thursday to close higher in a wild session which saw the Dow finishing 1.1% up, after initially falling over 500 points earlier in the day. The S&P and Nasdaq also fell 2.8% and 3.3% respectively, but both ended in positive territory after the late surge. Donald Trump is said to be considering an executive order which will ban US firms from using equipment built by Chinese companies ZTE and Huawei, according to a Reuters report. Overall, European mar

GeorgeIG

GeorgeIG

Fed Rate Reveal Promotes Stock Rally - EMEA Brief 29 Nov

Fed hints that future interest rate rises may be lower than anticipated. Whilst Wall Street saw it's 5th biggest daily increase Asian stocks also gained as a result, the Nikkei saw a 0.9% increase whilst SoftBank rose over 3% and Nintendo a further 4%. Trump announced yesterday that he is exploring new auto tariffs with a view to promote domestic production. This comes as part of an ongoing Trump Administration tariff war.  Georgia elects first female president. Salome Zurabishvili

MichaelaIG

MichaelaIG

Apple $1,000,000,000,000 - EMEA brief 3 August

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

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

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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