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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

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

High-Stakes in the House of Commons - EMEA Brief 04 Dec

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

JoeIG

JoeIG

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

Nasdaq and USDJPY fallout - EMEA brief 26th June

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

JamesIG

JamesIG

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

Week starts soft: APAC brief 13 Nov

Written by Kyle Rodda - IG Australia Week starts soft: Global equities are down to start the new week. The stories driving the overnight moves are slightly different, but the themes remain the same: the dual risks of higher global interest rates and the prospect of slower global growth has put the bears (at least momentarily) back in control. It can feel repetitive to keep having to reel-off this story. Slower growth, higher rates, slower growth, higher rates – the message keeps echoing thr

MaxIG

MaxIG

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

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

Turkish lira crash - EMEA brief 25th July

The Turkish lira crashes yesterday as the central bank decided to keep rates unchanged despite soaring inflation. The UK housing market looks to remain stagnant as figures released by HMRC showed housing transactions slipped last month by as much as 3%. House sales were down nearly 6% YoY. Housing market data in the US set to release today, so keep an eye out at 12 midday and 3pm for mortgage apps and new home sales figures.  Banking shares continue to gain globally. Metro bank has

JamesIG

JamesIG

China trade war escalates - EMEA brief 23 Aug

China trade war escalates as new tariffs kick in: U.S. economy set to slow from here on, damaged by trade war EM ASIA FX soften as dollar recovers after falling for six straight sessions Wall Street sets record for longest bull run in history; Key S&P 500 index passes landmark as it goes 3,453 days without major correction Brexit contingency plan papers released; Brexit could be good news for Britain's farmers Australian dollar drops as three government ministers

NadelinaIG

NadelinaIG

US Mid-Terms Preview - 6 Nov

Written by Kyle Rodda - IG Australia I'm mad as hell and I am not going to take this anymore! It was this sentiment in November 2016 that raised political-renegade and anti-establishment Republican Presidential candidate Donald Trump from rank-outsider and laughing-stock to President of the most of powerful country in the world. No one seemed to see it coming, and as electoral college votes were slowly counted on Election Day almost exactly 2 year ago, the world sat in awe as what was consi

MaxIG

MaxIG

Brexit, December seasonality deviations, worst case Dollar and Euro - DFX Key Themes

Make or Break for Brexit?  There have already been so many twists and turns in the UK’s efforts to negotiate its separation from the European Union that that investors are getting dizzy. It is troublingly difficult to gain a reliable bead on a probable outcome for this stalemate, but the lack of time and dwindling hope of an outcome that will satisfy the majority of those involved raises the threat of a ‘bad’ outcome and even worse market response. This is not one of those events where igno

JohnDFX

JohnDFX

US mid-term outcome - APAC brief 8 Nov

Written by Kyle Rodda - IG Australia The fallout: The US mid-terms have passed, and while there were signs throughout yesterday's trade that the vote would throw up a few curly situations, the outcome fell broadly in line with market expectations. The VIX has dropped and US equities, paced by the NASDAQ, have subsequently rallied, primarily on the knowledge that everything went according to plan -- proving the notion that the biggest drag in markets all-in-all is uncertainty. There are enum

MaxIG

MaxIG

Trade war hopes; US government shutdown; key Brexit vote - DailyFX Key Themes - EMEA and Americas

Ending a Trade War is a Windfall for Growth?  US and Chinese trade officials met this past week to lay the groundwork for another attempt to push for a breakthrough in the superpowers’ ongoing trade war. These are lower level meetings aimed at finding concessions and terms for which Trump and Xi would eventually sign off on. With over $350 billion in goods from both countries saddled with import taxes, the economic toll the engagement is exacting is starting to show through in data. In the

JohnDFX

JohnDFX

S&P hits all-time high - EMEA brief 29 Aug

The S&P 500 and Nasdaq both set new records, passing the 2900 and 8000 mark respectively for the first time in their history.  Focus shifts on talks between the US and Canada on an updated NAFTA, which could be signed in the coming days. Canada’s Foreign Minister Chrystia Freeland is now in Washington to carry out negotiations.  The previously announced deadline for Brexit talks set for the 18th of October may not be feasible, as rumors spread that it may now be postpone

SteveIG

SteveIG

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

Morrison ousts Turnbull - EMEA brief 24 Aug

Australian equity markets gain after leadership vote ends political uncertainty with the Australian leader Malcolm Turnbull ousted by Scott Morrison. Hang Seng equity market slips after US-China trade talks end without progress. Saudi Arabia has denied that its $2 trillion Aramco IPO has been cancelled, and that they’re instead waiting for “appropriate circumstances and appropriate time” for the listing. Trade concerns continue to hit gold prices however they do make gains,

JamesIG

JamesIG

Could the price of pork increase by 78% in China by 2020? - EMEA Brief 18 Apr

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

KatherineIG

KatherineIG

US/EU trade talks go well - EMEA brief 26th July

Asian equity markets mixed overnight on better than expected Trump trade talks, but poor US futures - notably Facebook results. Saudi Arabia is suspending the shipment of oil via the Red Sea following an attack from Yemeni Houthi. Gold steady as dollar eases after US and EU trade talks. Big results day for the European market with Shell, Diageo, Nestle, Daimler, and AB InBev set to give trading updates. The corporate focus remains crucial for US markets of late, with

JamesIG

JamesIG

Will the New Year Blues continue? - EMEA Brief 11 Jan

Yesterday saw further pessimism from corporate giants as the likes of Jaguar Land Rover, Macy's Inc and BlackRock Inc cut profit forecasts. Geely Group halves 9.7% stake in Daimler AG.  Virgin Atlantic and Stobart Group to buy Flybe for £2.2million after Flybe profit warning saw shares prices tumble in October 2018. A fall from which it hasn't recovered.  Trump announced intention to bypass Congress by declaring a national emergency in order to fund wall. This comes as gover

MichaelaIG

MichaelaIG

China-US Relationship Deteriorates after APEC Summit; May continues her Brexit Battle - EMEA Brief 19 Nov

The Asia-Pacific Economic Cooperation (APEC) summit ended on Sunday with leaders failing to agree on a formal joint statement for the first time in its 25-year history, due to disagreements on trade. Chinese President Xi Jinping expected to gain influence in the Pacific as Trump and Putin decided not to attend the summit, however Xi left disappointed as the US and allies made it clear that they are prepared to use economic and military means to counter China's influence. Asian equities we

GeorgeIG

GeorgeIG

OPEC oil talks - EMEA brief 22nd June

Oil seeing volatility ahead of a crucial meeting for OPEC on production. 'History of Crude Oil' video below. Emerging markets aren't helped by trade war talks and slip to a 9 month low. Trade war fallout starting to be seen with Daimler's profit warning likely to be linked to the imposed tariffs.  Relatively large macro economic day today. Give a once over to the calendar below and plan your day. Asian Overnight: Asian markets were largely back in the red overnight, as

JamesIG

JamesIG

OPEC preview

Please see the following analysis from Chris Beauchamp, Chief Market Analyst at IG, a global leader in online trading. OPEC preview OPEC faces a difficult task this week, as it aims to prop up the oil price without antagonising the US or putting too much strain on state finances by cutting production too much. The current state of demand and supply After being in deficit for 2018 and 2019, the oil market is expected to shift back to surplus next year: Crude output c

MaxIG

MaxIG

Did Macron do enough to stop the "yellow vest" protest?- EMEA Brief 11 Dec

Trading in Asia was mixed as US shares stabilized overnight. In the meanwhile, the ongoing discussions between China and the US adds uncertainty. The bottom performer among major Asian indices was the Nikkei, which fell 0.45%. Oil climbed higher amidst resuming hopes following the 1.2 million barrels per day production cut agreed by OPEC+. However, concerns that the US could much further increase its shale production and the slowing global economy could make the output cut less effective.

IG-Andi

IG-Andi

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