Jump to content

Market News

About this blog

Entries in this blog

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

UK MPs hold their own 'Super Tuesday' - EMEA Brief 29 Jan

As MPs prepare to vote on amendments to the Brexit Plan, Theresa May has set the 13th of Feb as the date to hold a second round of voting on her Brexit deal. Apple is set to release its Q4 earnings after market close today. According to Zacks Investment Research, the EPS is expected to be $4.17, an increase of 7% YoY. This will be a crucial earnings report for Apple, as it pre-announced its December results on January 2nd, lowering revenue expectations by 8%, and blaming the slowdown on w

DanielaIG

DanielaIG

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

London's house prices - EMEA brief 21 Aug

Asian stocks generally up on hopes trade tensions may ease. Hopes of a China - US trade resolution pushed up copper, often seen as a barometer for the economic outlook, dragging behind it miners such as BHP Billiton and Glencore. Venezuela have debased their currency taking off five zeros, along with increase minimum wage by 3000% in and effort to prop up their economy. Yesterday the world trade organisation confirmed that Turkey had lodged a trade dispute against the US.

JamesIG

JamesIG

Earning season continues - EMEA brief 17th July

A sharp decline in oil prices has caused a lower Asian equity market session as energy sector is hit. Netflix share tumble 14% late last night in after hours trading on poor quarterly results, helping to pull down the S&P futures. The IMF has warned that tariffs imposed by the White House could initiate a $440bn knock to global growth and coined it the “greatest near term threat to global growth". Yesterday BoA beat earning expectations, Deutsche Bank share jumped in sur

JamesIG

JamesIG

When it rains, it pours; Amazon shares decline - EMEA Brief 01 Feb

Amazon announced a rise in investments, causing shares to fall over 5 percent , however beats earnings per share expectations and revenue, reporting $6.04 per share in comparison to an estimate of $5.68 per share and a revenue of $72.4billion versus %71.9billion. Caxin Manufacturing PMI falls below expectations to 48.3 in January in comparison to 49.7 in December, its lowest reading since 2016 Stocks in Asia mostly traded higher, with the Shanghai Composite increasing around 1.3 pe

KatherineIG

KatherineIG

Flowless rally - APAC brief 18 Mar

A flowless rally: It’s being dubbed the “flowless rally”. Equities are ticking higher, but without the fundamental buying-support one might assume. This is especially so when considering the milestone achieved on Wall Street on Friday. Finally, the 2815 resistance level has tumbled, and the bulls have cautiously, quietly rejoiced. There are yellow flags popping up here and there, however, and that is making participants wary. It goes back to this “flowless rally” business: the latest leg of glob

MaxIG

MaxIG

Beauty and the Beast; Disney beat earnings whilst Snap posts 4 cents per share loss - EMEA Brief 06 Feb

Despite announcing a loss of 4 cents per share Snap shares soared in after-hours trading as the social media giant beat analysts expectations, the general consensus was that the company would report a net loss of 8 cents per share in Q4.  Disney also beat expectations aided by the launch of its streaming service ESPN+ and sales increases in its theme park businesses, earning per share came in at $1.84 vs $1.55 expected. The Dow rose by 172 points, followed by a 0.47% increase in th

GeorgeIG

GeorgeIG

Liquidity is thinning, Fed is telling us something, a true G20 breakthrough? - DFX key themes

Weeks Left of Liquidity, A Laundry List of Unresolved Fundamental Threats We have officially closed out November Friday and we are now heading into the final month of the trading year. Historically, December is one of the most reserved months of the calendar year with strong positive returns for benchmark risk assets like the S&P 500 along with a sharp drop in volume and significant drop in traditional volatility measures (like the VIX index). There is a natural, structural reason for t

JohnDFX

JohnDFX

A little bit of everything - APAC brief 15 Feb

A little bit of everything: It certainly wasn’t the highest-impact day market participants have experienced so far this year, but there was a spoonful of everything, thematically speaking that is, driving the macro-economic outlook for markets in 2019. To keep it high level, there was a series of significant growth-related data released out of all three of the world’s major economic geographies – China, Europe and China – plus a healthy smattering of geopolitics and corporate news to keep trader

MaxIG

MaxIG

Markets prepare for the Lunar New Year - EMEA Brief 04 Feb

Asian equities are modestly up as investors price in strong US job report and president Trump’s optimism on trade talks. The top performer was Japan’s Topix index which was up 1% at 3:32 GMT, following a weaker Yen. Major markets across Asia will close for part or all of the week as the region heads into Lunar New Year holidays. India NSE Nifty 50 is down 0.5% as of 5:15 GMT as investors evaluate the populist push in the government’s last federal budget. India is set to cut taxes to middl

IG-Andi

IG-Andi

Does volatility affect IPOs?

The music entertainment arm of Tencent, which has 800 million users across a variety of platforms in China, had originally planned to go public in the United States imminently. The IPO was initially set to launch as soon as this week but has now reportedly been delayed because of the recent global sell-off. It is not the first company to pull out or postpone an IPO in the recent weeks, and whilst Tencent have declined to comment on the decision, it’s likely to be on the back of volatility seen i

DanielaIG

DanielaIG

Big macro data day - EMEA brief 29th June

Asian overnight: A wildly varied session overnight saw losses for the likes of the Nikkei 225 and ASX 200 counterbalanced by strong gains in the Shenzhen composite (2%) and Hang Seng (1.3%). The euro gained sharply overnight, as an agreement at the EU summit over immigration was seem to appease hard line anti-immigration leaders, and crucially ease the pressure on Angela Merkel. On the data front, a raft of Japanese economic figures saw improved inflation, unemployment, industrial production, an

JamesIG

JamesIG

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

BoJ maintains policy - EMEA brief 31 July

Asian markets broadly subdued to to global tech sell off. BoJ pledged to keep it's interest rates 'very low' and added flexibility measure to its stimulus package. This decision leads the way with the big IR decisions taken by the leading central banks this week. U.S. Federal Reserve concludes its policy meeting on Wednesday and the Bank of England is seen raising interest rates on Thursday. Dollar ends up paring losses against the yen after the Bo

JamesIG

JamesIG

ASX200 yesterday - APAC brief 31 Oct

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

MaxIG

MaxIG

RIO buyback and industrial metal rally - EMEA brief 20 Sep

Stocks pull back in the Asian overnight market after a tepid close of Wall Street last night. Bellwether metals copper and zinc, along with other industrial metals, continue their rally as investors and traders focus on increasing demand rather than US-Sino relations. Rio Tinto announced a $3.2bn share buyback scheme, and whilst the Anglo-Australian miner saw 3.2% gain the ASX didn’t follow suit and ended down slightly. Potential swings on the UK Rio listing on the open. In

JamesIG

JamesIG

Crude prices gain: are we close to the bottom? - EMEA Brief 28 Nov

Asian equities gained as investors weighed in comments from Federal Reserve officials and a possible breakthrough in US-China trade war. Shares in Hong Kong and China led the gains with the Hang Seng Index climbing 0.5% and the Shanghai Composite gaining 0.7%.  Oil crude was up with WTI gaining 0.9% to $52.02 a barrel after a US industry report signaled shrinking gasoline surplus. Concerns of sanctions to Russia following its sea clash with Ukraine and Saudi’s vow to cut production in Dec

IG-Andi

IG-Andi

Bellwether metals down on $200bn US Sino tariffs - EMEA brief 18 Sep

Trump to impose an additional 10% tariff duty on China rising to 25% next year if no deal is reached. China's yuan down on the back of trade war talks, whilst a stimulus package helps support the equity market. Gold's typical 'safe haven' status isn't re enforced this time around, with flow seen into the USD over the precious metal. Nickel, aluminium and bellwether metal copper hit on the LME by the $200bn tariff. Oil drops on the same news. Mining shares also hit as

JamesIG

JamesIG

Nissan Shares fall along with Chairman - EMEA Brief 20 Nov

Nissan shares fell more than 5% following Chairman Carlos Ghosn being placed under arrest for allegedly violating Japanese financial law Societe Generale SA settles sanctions violation case with US authorities agreeing to pay $1.34 billion  Talk talk hackers who caused massive data breach affecting 1.6 million customer accounts in 2015 have been jailed for cyber crimes  Oil prices ended on a high yesterday, as EU reported to back French sanctions on Iran  Dow Jones tu

MichaelaIG

MichaelaIG

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

Tensions rising - APAC brief 24 Sep

Geopolitics is already shaping-up as the major driver of financial markets this week. Data is rather light, with the US Federal Reserve’s meeting on Thursday morning (AEST) the centrepiece of an economic calendar otherwise filled with a handful of central-bank-head speeches and a meeting of the RBNZ. Hence, traders will find themselves sucked into a vacuum that can only be filled by noise surround the global economy’s biggest contemporary international-political hot-points. The break-down in tal

JasmineC

JasmineC

Emerging market concerns continue - EMEA brief 06 Sep

The Asian market index futures boards are seeing a sea of red on the back of continued EM anxieties. Dollar seeing pressure as European peers are bid up. Tesla stock slips as investor worries deepen, whilst the Tesla bond hits a record low. Uber on track for an IPO in 2019, however there are no plans to sell it's tech unit according to CEO. Goldman have dropped bitcoin trading plans for now according to reports. Crypto space crashes.  Gold seeing an increase in

JamesIG

JamesIG

Bitcoin hits year low - EMEA Brief 07 Dec

Bitcoin hit year low falling below $3,500 after a 11% dive. Chip stocks in Europe and Asia tumbled after the arrest of Huawei CFO . AMS dived 7%, STMicroelectronics fell 4% and Dialog Semiconductor slid 3%.  Dow rebounds after falling 780 points ending the day only slightly lower yesterday.  10-year Treasury yield fell to 2.83% amid stock sell-off compared to the beginning of the week where it was above 3%. Non-Farm payrolls today expected to have expanded by 198,00 i

MichaelaIG

MichaelaIG

Smooth Sailing for Brexit? - EMEA Brief 04 Oct

Theresa May declares to end austerity in the much anticipated Conservative party conference yesterday. Bloomberg has also reported this morning that the prime minister plans to rush her Brexit deal through parliament in a bid to stop the opposition voting down the treaty. The DOW hits record highs of 26,951.81 but stocks close with minimal change on the day as rising interest rates have made investors wary. The tension between the U.S. and China continues as China plans to sell $3b

GeorgeIG

GeorgeIG

Sign in to follow this  
×
×