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MichaelaIG

IG Market News
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  1. UK Competition and Markets Authority have formally blocked the proposed £7.3 billion takeover of Asda by Sainsbury's causing the merger to collapse. Corporate earnings reports see European stocks set to open slightly higher. The FTSE 100 rising 9 points to 4780. Whereas Wall Street ended Wednesday's session lower following mixed US corporate results. Despite beating analysts expectations UBS reported a 27% fall in net profit for it's first quarter when compared to the same period the previous year. The net income reported came in at $1.1 billion compared to the $848 million expec
  2. Tiger Woods achieved his fifth Masters victory. The victory is worth around $22,500,000 to his sponsor Nike (according to Aprx Marketing data). Asian shares crept towards nine-month high after US treasury Secretary Steven Mnuchin reported a positive outlook on trade talks. The Hang Seng rose 1.2% and the Nikkei climbed 1.4% to reach it's highest level in 2019. USD/JPY dips from 112.09 high this morning (following mid week rise last week). Volkswagen unveiled the ID Roomzz at the Shaghai Auto Show. The fully-electric SUV said to compete with Tesla's Model X should be avail
  3. Donald Tusk has proposed a 12-month "flexible" Brexit extension date which would allow the UK to leave once a deal has been approved with the 12 months. The proposal would first need to be approved at a summit next week. US-China trade talks have reached "new consensus" following yesterdays talks between Chinese Vice Premier Liu He and Trump. Could the end of the trade war be in sight? Trump has suggested that that question may be answered "over the next four weeks". Asian stocks saw a tepid incline following on from trade talk positivity. The Nikkei 225 rose 0.41% and the Topix i
  4. Deutsche Bank and Commerzbank have announced formal merger talks which could result in the combined bank holding one fifth of Germany's High Street banking business. Asian shares rose despite reported potential push back of agreement to end trade war. The Hang Seng gained 1%, the Shanghai Composite surged 2.3% and Japan's Nikkei climbed 0.6%. Trump's weekend tweets ramped up the pressure on General Motors to reopen Ohio manufacturing plant which recent's closure cut 1,700 jobs. OneWeb a UK based space internet start-up has secured £940 million in funding to speed up plan t
  5. Trump is subject of large-scale investigation by the House Judiciary Committee who have sent requests for documents to 81 individuals. The investigation will look into alleged obstruction of Justice, corruption and potential abuses of power. Despite positive outlook of US and China trade war, as parties appear closer to reaching formal agreement, U.S stocks saw a downturn after positive opening. The S&P fell 0.4% to 2,792.62, The Dow tumbled 206.67 points to 25,819.65 and the Nasdaq closed 7,577.57 down 0.2%. Oil prices rose following trade talk news and potential further Rus
  6. Samsung announced the Galaxy Fold the first consumer available phone to feature a folding display. The new phone also comes with a $1,980 price tag. Barclays report full-year net profit of £1.4 billion for 2018, pulling back from 2017's significant losses. Theresa May reports positively about Brussels talks but is it too little too late after three Tory MPs quit the party to join an independent group yesterday. Google have stated that the omission of the Nest Guard home alarm featured microphone on tech spec was merely an "error", and that the microphone was not meant to b
  7. Ford announced plan to close a factory in Brazil, resulting in 2,800 job cuts. This follows as Ford pulls sale of heavy commercial trucks in South America. May will return to Brussels again in further attempt to reach conclusive agreement on the controversial Irish-backstop. Asian stocks saw a mixed session following similarly mixed U.S. trade talk reports. Whilst Trump commented positively on trade talks and it was reported that the U.S. is requesting China keep the yuan stable as part of the deal, Trump also hinted that March deadline was not a "magical date" and could be push
  8. Chinese markets were mixed during the Monday session after being offline for much of last week due to the Lunar New Year holiday. The Shanghai composite gained 0.8% whilst the Hang Send index rose 0.23%. However following Samsung electronic decline of 0.67% the Kospi remained slightly lower after promising recovery from earlier losses. Oil prices fell over 1% despite refinery fire in Illinois which resulted in shutdown of large crude distillation unit. International Brent Crude futures down 71 cents settling at $61.39 a barrel. US government shutdown could potentially reoccur as
  9. Facebook shares soared 12% after Earnings report of $2.38 per share crushed $2.19 expectation. Facebook's revenue forecast of $16.39 billion was also outdone coming it at a reported $16.91 billion Tesla shares fell 5% in after hours trading after disappointing earnings report of $1.93 per share. This came after a 3.8% share rise in the regular session pre-results. Microsoft also saw underwhelming results report. Despite beating earnings expectation of $1.09 by 1 cent per share, Microsoft missed $32.51 billion revenue expectation coming in at $32.47 billion. Subsequently the share
  10. May's Brexit deal rejected by 230 votes making may's defeat the biggest in UK history of sitting governments. The no vote saw the GBP rise 0.05% to $1.28. As a result of the landslide defeat May is to face vote of no confidence, the vote is expected to be held at 19:00 GMT. Asian Stocks saw a mixed reaction following the Brexit news. Japan's Nikkei 225 fell 0.55% to 20,442.75 and the Topix index followed suit falling by 0.32% to 1,537.77 whilst the Kospi rose 0.43% to 2,106.1. As US government shutdown continues Trump administration doubles estimates of the resulting cost. Th
  11. 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 government shutdown reaches day 20. S&P 500 rose 0.4% yesterday resulting in first 5 day increase
  12. China's stock market leads 2018 losses with both major indexes, the Shanghai composite and the Shenzhen component each facing annual declines of over 24%. 2018 saw both Australia and Hong Kong's benchmark indexes face annual declines. The ASX 200 falling 6.9% compared to its 2017 closing, whilst the Hang Seng index saw around a 13% decline compared to 2017. China's manufacturing sector contracted for the first time in two years.. The official Purchasing Manager's Index reporting at 49.4, falling short of the 49.9 prediction. The ratification of the Comprehensive and Progres
  13. 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 Monday session with Samsung Electronics declining 0.13% and SK Hynix rising 0.83%. BMW is facing crim
  14. European Commission President Jean-Claude Juncker stumped Theresa May's effort to renegotiate on a key Brexit withdrawal point, namely the Irish Backstop. China's reported industrial output and retail sales growth missed expectations. Industrial output growing by only 5.4% in November the slowest rate of increase in almost three years. Asian Stocks fell as China's economy shows weakening. Shares in Hong Kong and Japan led declines, Japan Topix index sliding 1.5% and Shanghai Composite falling 1.5% Apple to push software updates in attempt to resolve potential court ban of so
  15. 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 in November. Oil prices fell, Brent Crude falling below $60 a barrel, trading at $59.50, down 0.9%.
  16. Fed hints that future interest rate rises may be lower than anticipated. Whilst Wall Street saw it's 5th biggest daily increase Asian stocks also gained as a result, the Nikkei saw a 0.9% increase whilst SoftBank rose over 3% and Nintendo a further 4%. Trump announced yesterday that he is exploring new auto tariffs with a view to promote domestic production. This comes as part of an ongoing Trump Administration tariff war. Georgia elects first female president. Salome Zurabishvili won the vote with a 59% majority Mitsubishi Heavy Industries Limited was ordered to pay up to 1
  17. 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 tumbled around 400 points yesterday as technology stocks including Facebook, Amazon, Apple, Netflix and Al
  18. Theresa May continues to back her Brexit deal despite deep divisions in her party, 16 members of which have openly called for a vote of no confidence in the Prime Minister Brexit draft agreement led to several resignations including Brexit Secretary Dominic Raab and cabinet minister Esther McVey The GBP fell 1.7% against the dollar and 1.9% against the Euro yesterday, the lowest in over two weeks. However, this morning has seen a slight rally The Trump administration are reported to be planning to set up a controversial side-event promoting fossil fuels at next month’s annual
  19. Apple hosting event in Brooklyn today, starting at 2pm UK time. New iPad announcements expected UK Chancellor Philip Hammond announced plans to implement Digital Services Tax from April 2020 UK government’s “Cryptoasset Taskforce" published its final report yesterday outlining a range of regulatory steps around crypto assets Bitcoin dropped $200 after two weeks stagnating around $6,400. Having achieved earlier this month a 17-month low volatility rate the perception that it could be a reliable store of wealth had increased Angela Merkel to Step down as leader of the C
  20. Following Brussels summit Theresa May hints the UK may consider longer transition period resulting in the UK remaining tied to the Euro bloc's rules for a period of 21 months after the exit day Trump escalates economic confrontation with Beijing by announcing his intention to withdraw the US from China Shipping Treaty Cannabis stocks slipped after Canada’s legalisation. Aurora Cannabis Inc posting a 15% slide shortly after market opened yesterday. Popular ETFs ETFMG Alternative Harvest and Horizons Medical Marijuana Life Sciences also saw decreases Netflix shares rose by 10%
  21. Asia stocks at 17-month low as China lets yuan slip. China’s central bank fixed its yuan at 6.9019 per dollar on Tuesday. Dow: After 3-day downtrend and a drop of 200 points the Dow rises for the first time. Sovereign debt markets were calmer overnight whilst the 10 yr US Treasury maintained its 7 and a half year high. Oil prices are steady but up 0.6% after a late boost on Monday. Supply side shortages from Iranian sanctions claims the move. Google bug caused Shares of Google parent Alphabet to fall more than 2 percent immediately after the report before paring some lo
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