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Wall Street’s follow-through - APAC brief 8 Jan

Wall Street’s follow-through: Markets have basked in the afterglow of Wall Street's bull-friendly Friday session. They've gotten what they've been screaming for: some strong data and a more-dovish US Federal Reserve. For the first time in a month, perhaps more, trade has been characterised by a relative sense of calm. The VIX is drifting lower and toward the 20-mark. Stocks are up on Wall Street after a solid day in Asia, and global bonds are down. This could all change in an instant, that much

MaxIG

MaxIG

Could it be the end of the trade war?- EMEA Brief 07 Jan

US and China meeting in Beijing 7th - 8th Jan, to hold trade talks at vice ministerial level, looking to end the trade war as both economies are affected Theresa May warns the UK of an ‘uncharted territory’ if the Brexit deal is rejected by Parliament. May announces that she has agreed to some ‘changes’ whilst talking to European leaders including specific measures for Northern Ireland, a greater role for Parliament negotiations on the next stage of the future UK-EU relation and additiona

KatherineIG

KatherineIG

Shift in preception - APAC brief 7 Jan

A shift in perceptions: The fundamentals shifted on Friday. It wasn't a complete "180", but enough to change market sentiment in favour of the Bulls. The highly anticipated monthly Non-Farm Payrolls figure, along with US Federal Reserve Chair Jerome Powell's interview, delivered the goldilocks outcome market participants were craving. For those holding hope for financial markets and the global economy, the information gathered from each event soothed nerves that a major global economic slowdown

MaxIG

MaxIG

A bear market; Fed rate cuts; flash crashes - DFX Key Themes

Happy New Year everyone! Coming to Terms with a Bear Market We have experienced a remarkable level of volatility recently, which is particularly incredible from the past few weeks considering markets were distorted by holiday trading conditions. When volatility meets thin liquidity, the results can prove explosive. That said, the intensifying fluctuation in the global financial system is not just a phenomenon that could be attributed to shallow markets as we have seen both the price-ba

JohnDFX

JohnDFX

Dividend Adjustments 07 Jan - 11 Jan

Expected index adjustments  Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 07 Jan 2019. 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

JamesIG

JamesIG

House Democrats win votes to end partial government shutdown- EMEA Brief 04 Jan

House Democrats won votes to end the partial government shutdown, however, has not brought Congress any closer to resolve Trumps demand for $5billion for a wall.  Apple stocks fell on Thursday to $142.19, its lowest price level since July 2017. This pushed its market valuation behind the market cap of Alphabet, as it drops $450billion in market value China and US announced plans to hold trade talks on 7-8 Jan, at a Vice ministerial level in hopes of ending the trade war which has a

KatherineIG

KatherineIG

A bearish day - APAC brief 4 Jan

A bearish day: It was a hectic day on the dealing floor, yesterday. Several surprises smacked markets during early Asian trade, and the subsequent 24-hours has since belonged to the bears. The “slower global growth” narrative is gaining momentum, driving traders from riskier assets into safe-havens, as fear snowballs. The VIX is well off its highs from last week, but it did lift overnight, nevertheless, with price action indicating the markets are bracing for further pain. Overall, it was mostly

MaxIG

MaxIG

'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

First trading day of the new year - APAC brief 3 Jan

Written by Kyle Rodda - IG Australia First trading day of the new year: Traders picked-up right where they left-off in the first trading day of 2019. Hardly a true microcosm by any means, but the last 24 hours could be considered an appropriate metaphor for how analysts expect markets to behave in the year ahead. Dire warnings out of Asia about global growth, backed-up by lukewarm activity in Europe, finished by a wildly fluctuating Wall Street. Trading conditions haven’t totally returned t

MaxIG

MaxIG

Not so Happy New year; China manufacturing slowdown - EMEA Brief 2 Jan

Asian equities began the new year in the red as Chinese manufacturing had a worse December than expectations, PMI dropped to 49.7 from 50.2 in November. Hong Kong's Hang Seng fell by 2.4% and the Shanghai Composite declined by 1.2%, while the ASX 200 dropped by 1.6%. S&P futures mirrored the performance of Asian stocks and fell 0.9%, erasing earlier gains after Donald Trump indicated he may be willing to strike a deal to end the government shutdown in the US. Indian stocks also

GeorgeIG

GeorgeIG

Dividend Adjustments 31 Dec - 7 Jan

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

MaxIG

MaxIG

Will 2018's turbulence continue into the New Year? - EMEA Brief 31 Dec

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

MichaelaIG

MichaelaIG

Friday’s trade: APAC brief - 31 Dec

Written by Kyle Rodda - IG Australia Friday’s trade: Activity in global markets was more settled on Friday. There isn’t a consensus yet whether the trading witnessed last week was a dead-cat bounce, or a true bottom. Nevertheless, perhaps the lack of substantial news flow was enough to keep the bulls and bears from clashing heads for one day. The ASX200 impressed the bullishly inclined, albeit once again on thin trade, to add 1 per cent during the Asian session. The index managed to chop th

MaxIG

MaxIG

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

Pull back - APAC brief 28 Dec

Written by Kyle Rodda - IG Australia A pull-back amid interesting activity: Markets received their slingshot higher and continue to swing about in both directions. That’s the key takeaway from last night’s trade; of course, that’s all too general, though – akin to explaining a rally in the market to their being more buyers-than-sellers. Yes, it’s self-evidently true, however it does little to answer the question of “why?”. Overall, market activity in the last 24-hours has provided a much gr

MaxIG

MaxIG

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

Wall Street momentum - APAC brief 27 Dec

Written by Kyle Rodda - IG Australia A big bounce, but a bottom? There’s little shortage of folks calling a bottom in the market this morning, but in truth it’s too early to tell if we are there yet. Sentiment indicators and other market internals suggest that the market could be oversold right now, however a short squeeze here-and-there and a shake-out of a few opportunistic bears doesn’t necessarily mark a change of trend. It’ll be returned to towards the end of this note, but in the inte

MaxIG

MaxIG

U.S. Government Shutdown set to continue - EMEA Brief 24 Dec

The U.S. Government has seen turmoil over the weekend after "Trump's Wall" disagreement on Friday resulted in a government shutdown. Trump will be bringing in the new year with new Defence Secretary. Patrick Shanahan will replace James Mattis on 1st January, earlier than expected.  The end of the year sees further stock slumps, particularly for 2018 tech IPOs. Domo plummeting 25%, Zscaler tumbling 18% and Zurora and SurveyMonkey falling over 10% Asian Stocks saw a mixed Mond

MichaelaIG

MichaelaIG

Dividend Adjustments 24 Dec Nov - 31 Dec

Expected index adjustments  Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 24 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

MaxIG

MaxIG

Wall Street rout - APAC brief 24 Dec

Wall Street rout: Wall Street capped-off last week with another day of considerable losses, even despite Europe posting an okay day. Come the end of the trading session, the Dow Jones had lost 1.81 per cent, the S&P500 had lost 2.06 per cent and the NASDAQ had lost 2.99 per cent. The fact markets are entering the thin holiday period doesn’t help. One assumes that many-a investor would be rather reluctant to be sitting at Christmas lunch this year holding open-positions in equities given this

MaxIG

MaxIG

Facebook to create a Cryptocurrency for Whatsapp- EMEA Brief 21 Dec

Facebook Inc. works on its plans to create a cryptocurrency allowing money to be transferred on Whatsapp, focusing on the remittances market in India first Chinese stocks become one of the worst performers globally as the Shanghai composite and Shenzhen index fall over 20% and 30% respectively this year US Futures show a slight incline in performance for stocks on Wall Street, following a fall for the second day in a row. Dow Jones Industrial Average suggests an opening gain over a

KatherineIG

KatherineIG

Markets Decline on Fed Rate Hike - EMEA Brief 20 Dec

Markets fall as Fed raised US interest rate from 2.25% to 2.5% At its lowest the Dow fell over 4% following the announcement (its lowest point in over a year) of which it has now seen a small retracement. Asian markets we also affected, the Hang Seng was down 1.24% at close whereas the Nikkei lost 2.84%, a 15-month low The announcement saw the dollar gain almost 0.5% against the dollar basket but as investors have fully digested the statements made by the Fed this now sits a

IGAaronC

IGAaronC

Fed on tap - APAC brief 20 Dec

Fed on tap: It’s a commentary written on the fly this morning, as developments out of this morning’s US Federal Reserve meeting are being digested by markets. The Fed has hiked rates just as they were expected to do, with market participants now trawling through the fine print in the Fed’s commentary. We were expecting a “dovish hike”; what we got looks like a “less-dovish than-expected-hike”. The dot plots were revised as presumed: the Fed has told the markets that it expects interest rates to

MaxIG

MaxIG

Could Bitcoin have finally found stability? - EMEA Brief 19 Dec

Bitcoin could have bottomed as its priced stabilized after the big disappointment it gave earlier this year. As the cryptocurrency has corrected 80-90% multiple times in the past, the slump this year could only be another bump in the road. However, scalability issues flog the currency as its promoters try to entail it in the real economy. Is the crypto market ready for another roller-coaster? Oil temporarily bottomed after falling 7%, amidst concerns over the strength of global trade. Wes

IG-Andi

IG-Andi

US Fed watch: APAC brief 19 Dec

US Fed watch: The US Fed meeting has been kickstarted and the markets are shuffling around in anticipation. US equities at time of writing are putting in a mixed performance, though al major Wall Street indices remain trading below key technical levels. It comes following a day in which Asian and European markets sold-off in sympathy with Monday night’s rout in North American shares. A desire for safety has supported a bid in US Treasuries: they are higher across the board. Interest rates trader

MaxIG

MaxIG

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