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For more up to date news on how markets will open, the latest earnings and economic news, watch IGTV live in the platform at 07:30am UK.

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Today’s coverage:

 

Indices: Softer markets after declines on Wall St following stronger US inflation data

FX: NZD sharp gains as RBNZ will end QE. Watching GBP ahead of CPI RPI PPI data. USD in view later as Powell speech expected to focus inflation

Equities: US Q2 earnings - C WFC BAC DAL, UK - DNLM PAGE

Commods: Lumber takes another leg lower as gold adds more weight

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For more up to date news on how markets will open, the latest earnings and economic news, watch IGTV live in the platform at 07:30am UK.

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Today’s coverage:

 

Indices: Europe little moved from Wed close. Asia mostly higher, NKY down

FX: USD falls - Powell retains line that inflationary is ‘transitory’. Watching GBP as BoE MPC member warns of ‘tighter’ conditions earlier than expected – waiting UK jobs data. GBPEUR 3mth high

Econ data: China GDP 7.9% YoY falls short of 8.1% forecast. China retail sales better that expected

Equities: Earnings today ASC SVT EXPN HAS MS AA

Commods: Gold rises to hit 200 SMA on weaker USD

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For more up to date news on how markets will open, the latest earnings and economic news, watch IGTV live in the platform at 07:30am UK.

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Today’s coverage:

 

Indices: Expecting tentative higher start in Europe. NKY gains as BoJ raises Japan 2022 GDP. Dow ends Thursday close to record high

FX: Watching USD ahead of US retail sales. Risk event of the week next week with Daily FX – EURGBP around ECB rate decision. Also USDNOK upside break-out on weak oil 

Equities: RIO iron ore shipments down 12% on weather related issues. Waiting on BRBY. AA earnings last night saw stk close down. China plans to exempt HK IPOs from cybersecurity reviews

Commods: Gold lower but holds 200-day SMA. Oil up but remains well down on the week. Lumber takes yet another leg down.

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For more up to date news on how markets will open, the latest earnings and economic news, watch IGTV live in the platform at 07:30am UK.

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Today’s coverage:

 

16mths on from 1st lockdown UK ‘celebrates’ Freedom Day with a certain amount of trepidation

Indices: Europe expected down after declines in US and in Asia NKY on for lowest close since January

FX: Commodity currencies short trade continues. This week minutes from BoJ & BoC. ECB rate decision on Thursday

Equities: ZOOM buys FIVE9 for $14.7bln. Earnings IBM ahead of a big week for tech

Commods: Oil down as OPEC+ agrees to supply market with more oil. No let up in short trade around Lumber. Gold little moved from Friday’s lows

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For more up to date news on how markets will open, the latest earnings and economic news, watch IGTV live in the platform at 07:30am UK.

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Today’s coverage:

 

Volatility hits 2mth high as markets crushed by Covid fears

Indices: Europe & US trading today’s 24hr mkts at yesterday’s closing lows NKY and ASX initially fell but now seeing some buying

FX: USD safety choice at 3½ mth high. EURUSD testing 117.72 support. GBPUSD testing 136.70 support. Cmdty FX continue to break new short ground

Equities: BLT down 2% in Aus on update, UBS beats Q2 ests. Awaiting EZJ. IBM stk up 4% on strongest rev in 3yrs. NFLX today. AAPL delays return to work on Covid. COIN the way to play BTC below $30k

Commods: Brent crashes below $70 on demand worries. Gold initially down but ended holding its ground. Base metals and Lumber up

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Today’s coverage:

 

Indices: Rebound short lived. Europe expected to slip at the start.

FX: DXY haven builds on 3½ mth high pushing GBPUSD down to January levels. AUDUSD & USD NOK at levels not seen since November 2020. EURUSD holds 117.72 support for a second day

Equities: NFLX little moved missed earnings. Awaiting RMG trading statement and earnings from JNJ & KO. ASML raises its sales growth target

Commods: Gold/Silver ratio at highest since November as AG slips, supporting a risk-off attitude to trading. Oil holds 2mth lows

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For more up to date news on how markets will open, the latest earnings and economic news, watch IGTV live in the platform at 07:30am UK.

IGTV (@IGTV) | Twitter

Today’s coverage:

 

Indices: Risk-on. Europe expected to open up as Wall Street’s recovery takes main benchmarks back up to near record highs. ASX200 near record high

FX: Watching EURUSD ahead of the ECB rate decision. Broad USD sell-off (marginal). Powell may receive Biden support for second term

Equities: Earnings today: ULVR MUL TWTR AAL & T

Commods: Gold down for 5th day. Oil recovers some of the recently lost ground. Iron Ore drops below support to hit 28 May lows

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For more up to date news on how markets will open, the latest earnings and economic news, watch IGTV live in the platform at 07:30am UK.

IGTV (@IGTV) | Twitter

Today’s coverage:

 

Japan Olympics starts today as parts of the country are in a state of emergency because of Covid. No spectators in any of the events

Indices: Expecting a slightly stronger start in Europe after a record high for Nasdaq and S&P currently 14pts from a record high

Equtities: Earnings last night - TWTR up 9% SNAP up 13% INTC down 2%. UK earnings today VOD & PFD. DiDi hits new low in US after a slew of punishments by China

FX: EURUSD breaks 117.72 again, will it hold today? Watching GBPUSD after confidence data back to pre-pandemic levels, awaiting retail sales

Commods: Oil up for the first week in three. Nickel at 5mth high up after TSLA signs supply deal with BHP. Iron Ore breaks support

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For more up to date news on how markets will open, the latest earnings and economic news, watch IGTV live in the platform at 07:30am UK.

IGTV (@IGTV) | Twitter

Today’s coverage:

 

Indices: Despite Wall St indices all either ending at or intraday at record highs, markets in Europe expected down after China tech hammered as authorities clamp down, HSI at 7mth lows

FX: Watching EURUSD still challenging 177.72 support ahead of Fed meeting on Wednesday. GBPUSD little move despite EY Item Club saying UK economy growing at fastest in 80yrs

Equities: Earnings – RYA flies on a FY loss of €272.6mln as expected. PHIA Q2 €532mln weaker than forecast BUT has €1.5bln buyback. Awaiting MC and TSLA later today

Commods: Gold up, Nickel at 5mth highs, Copper challenges 9635 resistance. Oil down after strongest 3-day run since March

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For more up to date news on how markets will open, the latest earnings and economic news, watch IGTV live in the platform at 07:30am UK.

IGTV (@IGTV) | Twitter

Today’s coverage:

 

GBR remains 5th in medal table after US JPN CH ‘ROC’

Indices: Europe consolidating around Monday’s highs as all e Wall St indices hit record highs. Asia sees another record high for ASX but HSI strikes Nov 2020 lows on China crackdown

FX: USD lower ahead of durable goods today sending GBPUSD to 8 day high. EURUSD defends 177.72 support again

Equities: TSLA up 3.2% after Q2 last night. MC strong leather good sales, Awaiting RB RCH & FGP at 7amUK and MSFT AAPL GOOG & AMD after the US close tonight

Commods: Gold hovering at Monday’s close at lowest level since 7 July. Oil 10day high

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    • GlaxoSmithKline Q2 revenue is expected to show revenue growth from newer drugs partially offset by increased generic competition in older drugs. Source: Bloomberg   Shares GlaxoSmithKline Price Revenue Vaccine Earnings before interest, taxes, depreciation and amortization  Shaun Murison | Senior Market Analyst, Johannesburg | Publication date: Tuesday 27 July 2021  When is GlaxoSmithKline earnings date? The GlaxoSmithKline (GSK) earnings release date is scheduled for the 28 July 2021. The scheduled results will cover the groups second quarter and half-year earnings.   GSK results preview: What does the street expect? While GlaxoSmithKline (in partnership with Sanofi Pasteur) look to stage three trials of their Covid-19 vaccine, the company has not yet released a vaccine to market. The global rollout of Covid-19 vaccines (by competitors) looks to have disrupted the course of other vaccine programmes in key markets such as the US and the UK for GSK. Revenue for second quarter (Q2) 2021 is expected to be bolstered by sales of newer drugs in the respiratory and HIV segments, with a partial offset from older drugs which are finding increased competition through generic offerings. In terms of the upcoming results, a mean of analyst estimates compiled by Refinitiv data arrive at the following: Revenue $10.433 billion (+10.27%) year on year (YoY) Earnings before interest tax depreciation amortisation (EBITDA) $2.855 billion (-8.91% YoY) Earnings per share (EPS) $0.51 (+10.87% YoY) How to trade the GlaxoSmithKline results   Source: Refinitiv   A Refinitiv poll of analyst ratings arrive have a long term consensus rating of ‘buy’ for GlaxoSmithKline with a target price $47.87. GlaxoSmithKline (ADR) share price: technical analysis   Source: IG The share price of GlaxoSmithKline continues to trade in an uptrend which has been in place since the beginning of March 2021. The price has however started to correct from near term highs. The correction sees the price now testing support at the 38.85 level. Traders looking for long entry might prefer to see a bullish price reversal around current levels accompanied by a sharper move out of oversold territory by the Stochastic oscillator. In this scenario, the recent high at 40.55 would become the initial resistance target, while a close below 38.35 could be used as a stop loss consideration for the trade. However should a bullish price reversal not manifest and we see the price move to close below both the 38.85 and 38.35 support levels, this could instead be a suggestion that the uptrend has failed and perhaps a new downtrend for the share price is forming. In Summary GSK reports Q2 2021 results on the 28 July Q2 revenue of $10.433 billion (+10.27% YoY) is expected Q2 EBITDA of $2.855 billion (-8.91% YoY) are expected EPS $0.51 (+10.87% YoY) in the Q2 are expected The average long term broker rating for GSK is a ‘buy’ The share price of GSK is testing support as it finds itself in a short-term correction of a longer-term uptrend
    • Alibaba continues to enjoy strong revenue and customer growth, but the decline in its stock price reflects a bleaker outlook thanks to the actions of the Chinese government. Source: Bloomberg   Shares Alibaba Group China Investor IPO Price  Chris Beauchamp | Chief Market Analyst, London | Publication date: Tuesday 27 July 2021    When is Alibaba’s earnings date? Alibaba reports earnings on 3 August, covering its fiscal first quarter (Q1). Alibaba earnings – what to expect Alibaba is expected to report revenue of $32 billion, with earnings per share of $2.24. Alibaba continues to enjoy excellent growth, achieving one billion customers in the 2021 financial year (FY2021), with the vast majority of these based in China. Profit margins and revenues have risen at a steady pace in every year since 2013, at 10% and 23% respectively. However, for Chinese tech shares such as Alibaba, the main concern is no longer business performance, but the attitude of the Chinese government instead. The cancellation of the Ant Financial initial public offering (IPO) and the current clampdown on tutoring stocks points towards a much more restrictive approach to the private sector. As many could have predicted, the culture clash between free market capitalism and the controlling instincts of the Chinese Communist Party has begun anew, with the Party determined to rein in the perceived excesses of the free market. This is a situation unfamiliar to many investors, unused to the impact of government interference on most companies except in relatively isolated circumstances, and accounts for the underperformance of Chinese shares, with Alibaba no exception. Find out more on how to buy, sell, and short Alibaba shares Alibaba broker ratings A total of 17 analysts currently rate Alibaba as a ‘strong buy’, with 30 more at ‘buy’. Three analysts have a ‘hold’ rating, and only one ‘sell’. Alibaba stock – technical analysis The direction in Alibaba stock is clear for the time being. Rallies have been regularly sold, with the latest bounce in late June running into the 100-day simple moving average (SMA), currently 22,225. With the macro outlook so unfavourable the stock continues to reflect investor caution, so it looks like further declines are on the cards as the price targets 18,000 and lower.   Source: ProRealTime A solid business, but outlook continues to darken Alibaba has plenty to commend it from a fundamental perspective, but with Beijing adopting an activist position the stock continues to decline. Investors might argue that this means Alibaba is becoming a bargain, but traders will want to see a turnaround in the price, which is unlikely to happen unless the Chinese government reduces its interventions.
    • EUR/USD, GBP/USD and NZD/USD weaken from Fibonacci resistance EUR/USD, GBP/USD and NZD/USD turn lower after posting a deep 76.4% Fibonacci retracement.   Forex NZD/USD EUR/USD GBP/USD Pound sterling Euro    Joshua Mahony | Senior Market Analyst, London | Publication date: Tuesday 27 July 2021  EUR/USD turning lower from latest retracement EUR/USD has managed to post yet another 76.4% Fibonacci retracement, with the pair heading lower once again. This highlights how the trend seen over the course of the past two months remains worth following. While the trend is very shallow in nature, that does bring a higher likeliness of a deep retracement. As such, a bearish outlook holds from here, with a push up through the prior swing-high of $1.183 required to negate that downside bias. Source: ProRealTime GBP/USD turning lower after 76.4% retracement GBP/USD has started to lose ground in early trade today, following the rally into the 76.4% Fibonacci resistance level at $1.383. With a wider bearish trend playing out over recent months, there is a good chance we see further downside from here. A rise up through the $1.391 level would be required to negate that outlook. Source: ProRealTime NZD/USD slumps after deep pullback NZD/USD has similarly turned lower after a 76.4% Fibonacci retracement yesterday. The wider downtrend points towards such a move coming into play, with a rise through $0.7045 required to negate that bearish outlook. Until then, further weakness looks likely from here. Source: ProRealTime
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