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Stocks shrug off virus worries; ECB in focus

SINGAPORE (Reuters) - Asia's stock markets headed for their best day in two months on Thursday though growth-sensitive currencies struggled to rally, pointing to nagging doubts about the recovery as investors looked to the European Central Bank for their next cue. MSCI's broadest index of Asia-Pacific shares outside Japan was last up just over 1%, its largest daily jump since late May, with markets green from Seoul to Sydney. Japanese markets were closed for a holiday. Asia's posi

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ECB set to promise even longer support to charge inflation

FRANKFURT (Reuters) -The European Central Bank is all but certain to promise an even longer period of stimulus on Thursday to make good on its commitment to boost inflation, but the debate among policymakers is likely to be tense and no new measures will be announced. The Governing Council will meet for the first time since the ECB unveiled a tweaked inflation target earlier this month, the culmination of an 18-month strategic review of its roles in an array of areas from inflation to clima

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Afterpay share price: what ‘Money by Afterpay’ mean for the company?

‘Afterpay has always stood apart in the way it connects with customers around common core values of simplicity, transparency and trust.’   Source: Bloomberg   Shares Money Bank Westpac Customer Morgan Stanley On Tuesday, 20 July, we received greater clarity on what Afterpay’s ‘Money by Afterpay’ product would look like and when it would likely be rolled out in Australia.

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Dollar Up, but Takes Pause on Upward Trend as Risk Aversion Ebbs

The dollar was up on Wednesday morning in Asia but eased slightly from multi-month peaks. Recent risk aversion that gave the greenback a boost ebbed, and selling was light ahead of the European Central Bank (ECB)’s latest policy decision that kept the euro pinned down. The U.S. Dollar Index that tracks the greenback against a basket of other currencies inched up 0.07% to 93.047 by 12: 36 AM ET (4:36 AM GMT). The index, which is up 2.8% since mid-June, also seemed close to testing its peak o

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ECB Set to Rewrite Stimulus Pledge After Raising Inflation Goal

(Bloomberg) -- The European Central Bank starts a potentially heated two-day meeting on Wednesday, with officials needing to decide how their newly unveiled monetary strategy affects near-term policy. After raising their inflation goal to 2% earlier this month and pledging to be “forceful or persistent” to hit it, the challenge for policy makers is to make clear what such an approach means for interest rates and bond-buying. Disagreements immediately surfaced when drafts of potential

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Crude Oil Price Forecast: Delta Variant Concerns Spark Sharp Reversal - The Macro Setup

CRUDE OIL PRICE OUTLOOK: Crude oil broke beneath a key trendline from March 2020 after reversing around the $67 mark Demand concerns and a strong USD could continue to eat away at crude prices in the coming days S&P 500, Dow Jones & NDX Technical Analysis: Down but Not Out (Yet) CRUDE OIL PRICE FORECAST: DELTA VARIANT CONCERNS SPARK SHARP REVERSAL - THE MACRO SETUP Crude oil suffered a sharp reversal to st

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Most institutional investors expect to buy digital assets, study finds

LONDON (Reuters) - Seven in 10 institutional investors expect to invest in or buy digital assets in the future, although price volatility is the main barrier for new entrants, a study by Fidelity's cryptocurrency business found. More than half of the 1,100 institutional investors surveyed globally by Coalition Greenwich on behalf of Fidelity Digital Assets between December and April said they had digital asset investments. Around 90% of those interested in investing in future said they

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Gold Edges Higher as Virus Variant Threatens Global Recovery

Gold rose as the spread of the delta coronavirus variant threatens the world’s exit from the pandemic, boosting haven demand. The dollar was up on Tuesday morning in Asia, with investors turning to safe-haven assets as concerns over the impact of COVID-19 outbreaks involving the Delta variant on economic recovery remain. The greenback remained near multi-month highs against its riskier Australian counterpart and the pound, alongside the Japanese yen. New waves of Covid-19 are challengi

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Big week ahead for tech earnings

IBM, Netflix, Twitter Earnings Eyed as Nasdaq 100 Faces "Reality Check"   NASDAQ 100 FORECAST: BULLISH The Nasdaq 100 index pulled back from record levels as earnings season arrives Investors are anticipating a 64% YoY earnings growth rate for the broader market IBM, Netflix, Intel and Twitter results are in focus this week. What will markets look for? A slew of upbeat bank results kicked off a robust Q2 earnings season, sending the Dow Jones, S&P 500 

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3 Stocks To Watch In The Coming Week: Netflix, Johnson & Johnson, IBM

Earnings will take center stage in the week ahead as some of the largest U.S. companies from different sectors report Q2 2021 earnings.  As the U.S. economic recovery accelerates after the successful rollouts of COVID vaccines, investors will focus on inflationary pressures and whether they are squeezing corporate margins. Riding on earnings optimism, all three major U.S. indices continued their upward trajectory this year, with the S&P 500 and the NASDAQ 100 Index trading near their re

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Oil Down, Sigh of Relief as OPEC+ Reaches Supply Agreement

Oil was down Monday morning in Asia, with prices falling more than 1%. Investors continued to digest the Organization of the Petroleum Exporting Countries and allies (OPEC+) agreement to boost output that was reached over the weekend. Brent oil futures fell 1.16% to $72.74 by 11:41 PM ET (3:41 AM GMT) after falling nearly 3% during the previous week. WTI futures slid 1.17% to $70.72, after rolling over to the Sep. 21 contract on Jul. 18. Under the agreement reached on Sunday, the carte

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The Week Ahead On The Markets

The Week Ahead Read about upcoming market-moving events and plan your trading week Week commencing 19 July Chris Beauchamp’s insight We are now in the midst of the flood of US earnings, as reporting season moves into high gear. Companies from across the stock market issue earnings, including Netflix, IBM and American Airlines. Economic news includes a rate decision from the ECB and flash PMIs on Friday from around the globe. With s

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Dividend Adjustments 19th July 2021 - 26th July 2021

Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 19th July 2021. 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 adjustment on you

Trading Earnings Season: 3 Steps for Using Earnings Reports

Earnings season can be a great time for a trader to get insight on their equity investments, as well as benefit from short-term volatility. But in order to maximize this trading opportunity, there are some key considerations to make before diving in. Read on for our three steps to follow when using earnings reports for trading. 3 STEPS FOR USING EARNINGS REPORTS IN YOUR TRADING Preparing for earnings season involves choosing the companies to focus on and undertaking thoroug

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BOJ cuts growth forecast, unveils climate scheme plan

TOKYO (Reuters) -The Bank of Japan cut this fiscal year's growth forecast on Friday but maintained its view the economy was headed for a moderate recovery, a sign monetary policy will be in a holding pattern for some time.   The BOJ also released an outline of its new scheme aimed at boosting funding for activities combating climate change, which will offer banks long-term loans at zero interest. The climate scheme will be launched this year and last until fiscal 2030. The BO

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6 Popular Technical Indicators for Stock Trading

Traders with a strong understanding of technical indicators are usually better equipped to navigate the financial markets than those that lack this knowledge. While personal investing goals, risk appetite and trading style will help to determine a strategy and trading plan, knowing what technical indicators to use in your approach can help to determine possible entry and exit points. Hundreds of technical indicators exist, and clear signals can be identified using effective indicators

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Oil falls nearly 1% as market eyes increased supplies

SINGAPORE (Reuters) -Oil prices fell nearly 1% on Thursday, extending losses as investors braced for more supplies following a compromise between top OPEC producers and as U.S. fuel stocks rose, raising concerns about demand in the world's largest consumer. Brent crude futures for September dropped 59 cents, or 0.8%, to $74.17 a barrel by 0409 GMT while U.S. West Texas Intermediate (WTI) crude for August was at $72.51 a barrel, down 62 cents, or 0.9%. Both benchmarks slid more th

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