Expected index adjustments
Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 30 July 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: Special Divs are highlighted in orange
Special Dividends
Index
Bloomberg Code
European shares seen opening slightly higher
Interest rates and details of asset purchases by the ECB remain unchanged after yesterdays meeting.
No mention of protectionist policy or further details on the supposed resolution of aluminium and steel tariffs were given by Draghi.
Prescription cannabis for medical use is now legal in the UK after a reclassification of the drug.
Amazon smash forecasts of $2.54 EPS with a healthy $5.07 for their end of years.
Sky br
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
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
Asian market gain whilst Chinese shares hit a 1 month high on hopes of a government stimulus package.
Hedge funds bet on higher government bond yields extending the USD gains, and prompting a gold sell off.
Oversupply worries continue with oil causing a drop in prices.
Despite Google's Alphabet multibillion dollar fine, shares jump on results to a record breaking all time high.
Crypto markets currently up but generally trading in a range.
Asian overnight: A po
Fear of an increase in protectionism from the United States causes Asian equity markets to dip.
Profit warnings rise 29% quarter on quarter to 58 FTSE listed companies. Retail sector leads the way, and its expected the earnings shall continue due to uncertainty in the future.
Brexit secretary Raab says that the ‘no deal’ option is still on the table. GBP opened marginally down, but came back and has now gained from the Friday close.
G20 central bank leaders have warned that
Just When You Think Trade Wars Can’t Grow More Extreme…
The last we left global trade wars heading into the close Friday July 13th (the week before last), the situation was already firmly planted in worrying escalation with little sign of relief in the sidelines of diplomacy and political cheerleading. The United States was still applying its metals tariffs against competitors and colleagues alike, the $34 billion intellectual property oriented tariffs were in place against China (not to m
Expected index adjustments
Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 23rd July 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: Special Divs are highlighted in orange
Special Dividends
Index
Asian equity markets are mixed, however some pushed higher overnight over a volatile trading session as the Chinese yuan bounced off a one year low.
Trump showed displeasure towards the Fed's hikes, criticising policy and highlighting concerns on the potential impact of rising interest rates on the US economy causing the Dollar to sag.
The Comcast / Disney bidding war for 21st Century Fox ended yesterday with the former pulling out of the race. Comcast still plan on pursuing Sky.
Trade war worries offset the gains seen in Wall Street with the Asian equity market struggling overnight.
The trillion dollar valuation race between Apple and Amazon continues with Amazon tipping the $900bn valuation yesterday.
GBP continues to take a beating against major world currencies as CPI data yesterday remained unchanged, reducing the likelihood of a rate hike in August.
US banking shares continue to do good in earning season as Morgan Stanley profit jump.
Oi
Oil prices dropped after an industry group reported that U.S. crude inventories rose last week, defying analyst expectations for a significant reduction.
Wage growth in Britain is slowing according to new data out yesterday, casting a shadow on the likelihood of a BoE rate hike in August. All eyes should be on UK CPI data later today.
Feds Powell said the “best way forward”, despite an impending trade war, was to continue to gradually increase rates.
IBM have backed a ‘stabl
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
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
So Much Risk, Status Quo is an Improvement
In individual trading sessions or entire weeks where there is an overwhelming amount of important, scheduled event risk; we often find the market frozen with concern of imminent volatility. Even as a remarkable surprise prints on the docket early in the week, the impact it generates is often truncated by the concern that the subsequent release can generate just as much shock value but in the opposite direction. Many opportunities have been spoiled
Expected index adjustments
Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 16th July 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: Special Divs are highlighted in orange
Special Dividends
No special divs this week.
How
Asian session solid on reduced trade war fears.
UK equity markets follow suit, along with a strong bidding war emerging for Sky, giving a green day for the FTSE yesterday and a positive start to the day today.
However data from China today showing a record trade surplus risks further inflaming trade tensions.
Trump is visiting the UK and has said that PM May is executing Brexit incorrectly.
Trump's comments suggest May's Brexit plan is likely to kill hopes of a US t
Asian overnight: Market volatility remains evident throughout Asia, with yesterday’s sharp tumble being followed up by a strong rebound overnight. Chief amongst those gainers were the Chinese markets, which gained ground despite the ongoing trade war with the US. Suggestions that China and the US could resume trade talks has helped boost short term market sentiment. Crude prices were also fighting back in the wake of the biggest one-day decline in more than two years yesterday.
UK, US and E
The Trump house looks to impose 10% tariffs on $200 bln of Chinese goods.
Shanghai and Hong Kong equity markets drag down the wider overnight Asian session.
The bidding war on Sky continues with Murdoch's Fox offering £14/share beating Comcasts previous £12.50.
Copper and zinc slide to 1-year low, oil also sharply lower on trade war fears.
Asian overnight: Asian markets were back in the red overnight, as Donald Trump has once again ramped up trade war fears, driving awa
A lack of trade war news is jumped on by Asian equity markets which rally for a third consecutive session.
Boris Johnson follows David Davis and resigns from his position of Foreign Secretary sparking speculation of a rebellion.
Oil dropped yesterday after Merkel and Li commit to Iran nuclear deal, before supply shortages and strikes in of oil workers in Norway aided the reversal for brent and WTI to finish up.
Gold prices inch up amid the continued Brexit uncertainty, whils
This blog post is to update everyone of the themes that DailyFX expects to focus on in the week ahead. Given the focus of previous weeks, the backdrop market conditions and the event risk ahead; the three topics below will be particularly important in our coverage.
Risk trends amid trade wars
If you somehow were in doubt that trade wars were already underway, the enactment of reciprocal $34 billion tariffs by the United States and China on each other this past week should banish that
David Davis resigns from his poll position as Brexit secretary. Sterling feels the pinch.
Global equity markets rally on US jobs relief, whilst dollar falters.
Balanced U.S. jobs data suggest Fed can stay gradual on hikes
Oil inches up whilst gold gains on the weaker dollar.
NYSE technology chief has jumped ship to join the Winklevoss ‘bitcoin billionaires’ cryptocurrency venture as their first CTO for Gemini.
Asian overnight: Asian markets have seen substan
Expected index adjustments
Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 9th July 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: Special Divs are highlighted in orange
Special Dividends
No special dividends this week.
H
Trump tariffs now in effect, however markets have generally priced this in.
Fed hints at last nights FOMC that it could raise rates twice more this year. Greenback gains removing some of the earlier gains from GBPUSD.
Carney warns that Trumps trade tariffs could damage the global economy knocking up to 2.5 percentage points of global growth over three years, but has warned Trump that these tariffs will hurt the US the most. Carney still upbeat about UK growth.
New figures sh
Asian markets fall for the fourth day and major currencies are generally trading in a tight range.
MSCI Asia-Pacific index down 0.5% whilst Japan's Nikkei (the Japan 225) loses 1%.
USD slightly softer going into US Initial Jobless Claims and FOMC minutes later today.
Gold is holding steady before Fed minutes, whilst copper and zine are stuck near their one year lows on trade woes.
Oil prices fall as Trump slams OPEC on twitter and blames the cartel for rising gas pri
Asian overnight: Another bearish session overnight saw Chinese and Hong Kong indices lead the decline, with the first round of tariffs on Chinese goods set to take effect on Friday. The recent decline in the yuan was arrested, with strong dollar selling pressure from Chinese banks looking like intervention from the Chinese authorities. Australian data came in mixed, with a strong retail sales reading counteracted by a lower than expected trade balance figure. Meanwhile, the Chinese Caixin servic
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