US-China Trade War Moving Beyond Boundaries
As expected, the relief from trade wars didn’t last long. Not a week after US President Trump and EU President Juncker announced an armistice on tariffs between the two dominant economies, the former revived pressure on its favorite target: China. Trump had issued threats of escalating tariffs against its trade-dependent counterpart over previous weeks, but the impact of the warning seemed to come with shorter half-lives than what we had experienc
BoE raised rates yesterday in a universal vote for a 0.25 percent increase.
Apple wins the race to the first trillion dollar company valuation in history closing up 3% on the day, 35c above the required $207.04 a share mark. Yes, that's trillion with 12 zeros as quoted in the title.
US dollar at 2-week high as trade war dents confidence.
Sonos Inc traded in a range as large as 35% (low to high) in debut IPO.
Oil prices steady supported by speculators and traders placi
Poor EoY results helped pushed the FTSE lower yesterday as miners sold off, whilst the White House threat for further Chinese tariffs had a negative impact on the S&P energy and industrial sector which also suffered.
In the US the Fed decided to hold rates ahead of a likely September hike. Range remains in the 1.75 to 2 per cent channel.
According to a US trade representative, the refusal of China to meet US demands, along with implementation of retaliatory tariffs on US goods
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
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 overnight equity markets broadly subdued for central banks data test.
Dollar steady and range bound before key central bank meetings this week.
Oil is mixed, however brent has eased as trade tensions continue to weigh.
Gold prices have eased on the slightly stronger dollar.
With Facebook, Twitter and Intel results all disappointing last week, the street may be cautious with the release of Apple's end of year tomorrow.
Asian overnight: Overnight markets hav
Trade War Relief, But How Much?
Finally, some trade war respite. Or at least, what looks like relief. Following week after week of steadily escalating threats and a few decisive actions (and retaliations) along the way, there was finally a joint statement of agreement between key global leaders. Following their meeting in Washington DC, US President Donald Trump and European Union President Jean Claude-Juncker issued a statement of success this past Wednesday. Any pause in this quickly bal
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
New ESMA regulations coming into force for the EU region are set to standardise the way margin close out rules work for retail traders. On the IG trading platform the new margin close-out rules will come into effect from 1pm on Monday 30 July. Please find an overview of the new regulation and how this may effect your account. We've included a useful video and a worked example which may also help.
Please remember that these changes only affect retail clients of EU firms (that are subject to
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
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In January, ESMA proposed a number of changes for leveraged retail traders within the EU region and kicked off a consultation period to open up the discussion. Over 14,600 people had their say via the #ReplyToESMA website, with an overwhelmi
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
