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TOKYO (Reuters) - The safe-harbour yen and dollar started the week firmer against riskier currencies like the Aussie as rising COVID-19 cases and a decline in Asian equities set a cautious tone ahead of the Federal Reserve's meeting this week.

Oil prices fell on Monday as concerns about fuel demand from the spread of COVID-19 variants and floods in China offset expectations of tight supplies through the rest of the year. Brent crude futures for September fell 44 cents, or 0.6%, to $73.66 a barrel by 0432 GMT while U.S. Texas Intermediate crude was at $71.62 a barrel, down 45 cents.

The Week Ahead. Read about upcoming market-moving events and plan your trading week. Week commencing 26 July, Chris Beauchamp’s insight. US earnings season is in full flow, but we have plenty of UK news as well on the corporate front. Companies from a range of sectors provide updates, but key ones this week include FANG stocks like Apple and UK banks. Economic data is busy too, with durable goods orders in the US and the first Q2 GDP readings for the US and Germany. Plus the world’s most important central bank, the US Federal Reserve, meets to decide on policy. While no change is expected some discussion about the course of the asset purchase programme may take place.

Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 26th July 2021. 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 <br style="background-color:#ffffff; color:#262629; font-size:14px; text-align:center">cash neutral adjustment on your account.

                                                                                           

Special Dividends

 


 


 


 




Index

Bloomberg Code

Effective Date

Summary

Dividend Amount

TPX

3421 JP

29/07/2021

Special Div

6

RTY

SHEN US

3/08/2021

Special Div

18.75


How do dividend adjustments work? 

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The dollar pushed higher in early European trading Friday, with attention turning to next week’s Federal Reserve meeting after the European Central Bank’s dovish performance on Thursday.

European stock markets are expected to open higher Friday, ending a volatile week on a positive note, helped by a supportive tone from the European Central Bank. At 2:10 AM ET (0610 GMT), the DAX futures contract in Germany traded 0.2% higher, CAC 40 futures in France climbed 0.4% and the FTSE 100 futures contract in the U.K. rose 0.4%.

Asia's stock markets headed for their best day in two months on Thursday though growth-sensitive currencies struggled to rally, pointing to nagging doubts about the recovery as investors looked to the European Central Bank for their next cue.

The European Central Bank is all but certain to promise an even longer period of stimulus on Thursday to make good on its commitment to boost inflation, but the debate among policymakers is likely to be tense and no new measures will be announced.

The dollar was up on Wednesday morning in Asia but eased slightly from multi-month peaks. Recent risk aversion that gave the greenback a boost ebbed, and selling was light ahead of the European Central Bank (ECB)’s latest policy decision that kept the euro pinned down.

The European Central Bank starts a potentially heated two-day meeting on Wednesday, with officials needing to decide how their newly unveiled monetary strategy affects near-term policy.

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Seven in 10 institutional investors expect to invest in or buy digital assets in the future, although price volatility is the main barrier for new entrants, a study by Fidelity's cryptocurrency business found.

Gold rose as the spread of the delta coronavirus variant threatens the world’s exit from the pandemic, boosting haven demand. The dollar was up on Tuesday morning in Asia, with investors turning to safe-haven assets as concerns over the impact of COVID-19 outbreaks involving the Delta variant on economic recovery remain. The greenback remained near multi-month highs against its riskier Australian counterpart and the pound, alongside the Japanese yen.

IBM, Netflix, Twitter Earnings Eyed as Nasdaq 100 Faces "Reality Check"
NASDAQ 100 FORECAST: BULLISH.
The Nasdaq 100 index pulled back from record levels as earnings season arrives.
Investors are anticipating a 64% YoY earnings growth rate for the broader market.
IBM, Netflix, Intel and Twitter results are in focus this week. What will markets look for?

Earnings will take center stage in the week ahead as some of the largest U.S. companies from different sectors report Q2 2021 earnings. 

As the U.S. economic recovery accelerates after the successful rollouts of COVID vaccines, investors will focus on inflationary pressures and whether they are squeezing corporate margins. Riding on earnings optimism, all three major U.S. indices continued their upward trajectory this year, with the S&P 500 and the NASDAQ 100 Index trading near their record levels.

Oil was down Monday morning in Asia, with prices falling more than 1%. Investors continued to digest the Organization of the Petroleum Exporting Countries and allies (OPEC+) agreement to boost output that was reached over the weekend.

The Week Ahead. Read about upcoming market-moving events and plan your trading week commencing 19 July. Chris Beauchamp’s insight. We are now in the midst of the flood of US earnings, as reporting season moves into high gear. Companies from across the stock market issue earnings, including Netflix, IBM and American Airlines. Economic news includes a rate decision from the ECB and flash PMIs on Friday from around the globe. With stock markets in the US at record highs, and the dollar still looking strong, the focus remains on the US economic recovery and the outlook for inflation and central bank policy, with the latter in focus at the ECB meeting. Week ahead video.

Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 19th July 2021. 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.

Shorting a stock involves selling a borrowed stock in the anticipation of buying the same stock back at a lower future price and pocketing the difference. Short selling is a normal part of an active trader’s plan as it presents traders with the ability to benefit from an advancing market and a declining one. This article makes use of examples to explain what short selling is, why it is important and lists the top things to consider when short selling stocks.

The Bank of Japan cut this fiscal year's growth forecast on Friday but maintained its view the economy was headed for a moderate recovery, a sign monetary policy will be in a holding pattern for some time.
The BOJ also released an outline of its new scheme aimed at boosting funding for activities combating climate change, which will offer banks long-term loans at zero interest.

Netflix Q2 results are likely to see the weakest quarterly subscriber growth in at least five years.
Netflix, the world's leading streaming entertainment service, with 207.64 million paid memberships in over 190 countries, is scheduled to report quarter two (Q2) 2021 financial results on Tuesday 20 July at 1pm (Pacific time).

Oil prices fell nearly 1% on Thursday, extending losses as investors braced for more supplies following a compromise between top OPEC producers and as U.S. fuel stocks rose, raising concerns about demand in the world's largest consumer.

Asian shares advanced on Thursday as economic data from China was largely more resilient than expected, and as U.S. Federal Reserve Chair Jerome Powell said tapering of its massive stimulus was still a way off.

The dollar edged lower in early European trade Wednesday, handing back some of the previous session’s sharp gains after a jump in U.S. inflation raised expectations of an early move by the Federal Reserve to tighten monetary policy.

RESERVE BANK OF NEW ZEALAND, NZD/USD, MONETARY POLICY, LSAP – TALKING POINTS.
RBNZ holds Overnight Cash Rate steady at 0.25%, as expected.
Large Scale Asset Purchases (LSAP) to be halted this month.
NZD/USD climbs over technical barriers as price climbs over 1%.