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
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.
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
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
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,
Written by Kyle Rodda - IG Australia
More information, greater confidence: Markets have been awash with data over the last 24 hours – and traders love it. It’s a behavioural quirk in financial markets: whether good, bad, or otherwise, an inundation of information paints a full and colourful picture of the world and satisfies that innate human desire for (an illusion) of control and certainty. The phenomenon echoes lessons that were reinforced upon the world all the way back in 2008 by one o
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
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
Asian overnight: Sharp declines overnight are pushing the bulls out the way and the overnight session looks to be paving the way for a bearish start to the week in Europe, with circa 2% losses across Japanese and Chinese markets. The Hang Seng market was closed for a bank holiday while the Australian ASX 200 managed to limit the losses. Trade wars are back on the agenda as a key concern for markets, with a European Commission statement against car tariffs making little difference to sentiment fo
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
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
Asian stocks fell as China's export data indicated a shock contraction, declining by 7.6% since July 2016. This points to deepening cracks in the world's second largest economy and increased fears of a significant slowdown in global growth and businesses.
The CSI 300 was down 0.8%, falling from a 3 week high reached on Friday. The Hang Seng slipped 1.4% as both the financial and technology sectors took a hit.
US equities ended Friday with marginal losses, however the S&P 500 m
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
USDJPY falls on the back of an intensifying trade war dispute.
‘Fang’ stocks and the heavily tech centric Nasdaq slump on the same trade war fears.
Turkish lira gains from yesterday gives further reason for overseas investment in Turkey to remain wary. USDTRY looking like it could have entered a period of consolidation after rising nearly 25% from the beginning of the year.
Oil prices rise on the Libyan oil export uncertainty, however OPEC still the overarching dampener with
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
May seems to have secured concessions from Brussels to let her keep all of Britain in a customs union and avoid a hard border. How close is a Brexit deal?
Sterling briefly jumped to a two-week high on Monday on growing hopes of a smooth Brexit.
The U.S. dollar struggled on Friday. The dollar index, which measures the greenback against a basket of major currencies, was last off 0.1 percent at 96.459. Against the safe haven yen, the dollar held at 113.25 . The euro was flat at $1.1
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
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
Asian equity markets have crept slightly higher overnight following on from a firm Wall Street finish yesterday.
Apple gains 4% on good results yesterday as it races with Amazon to be the world's first trillion dollar company.
Turkey sharply increased their inflation forecast yesterday to 13.4% just a week after keeping interest rates on hold.
Bitcoin pulls back to a one week low, however still ends the month about 20% higher MoM.
Oil has pulled back after industry da
Alphabet, Google's parent company, saw its share prices fall over 3% in extended trading on the back of continuing pressure on advertising prices and decreasing margins - adding to the concern over the company's periodic surges in spending. This comes despite the company beat expectations across the board in its Q4 results.
Theresa May will travel to Ireland today to try to ease concerns over a hard border situation in Ireland upon Brexit. Meanwhile, UK Steel has warned that a no-deal Br
The African swine fever disease has reached Southeast Asia and parts of Europe, including the world’s biggest producer of Pork, China. A prediction from the Japanese bank Nomura, is that this could cause prices to rise by 78% in China by 2020, to 33 yuan per kilogram from 18.5 yuan
Senior US and China officials to organise more face-to-face trade talks, aiming to reach a deal by early May and to sign at the end of that month
North Korea claims it has test-fired a new weapon with a
Theresa May will begin the five days of her House of Commons debate today, culminating in a historic vote on her Brexit compromise deal on December 11.
The Dow Jones closed 1.13% higher at 25,826.43 yesterday, whilst both the S&P and Nasdaq posted gains of 1.09% and 1.51 percent, respectively.
Asian shares fell on Tuesday as the optimism gathered from the US-China trade truce ends over doubts of a final resolution: the Hang Seng lost 0.3% as the ASX gave up 0.8% and Japan's Nik
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
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
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
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