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MaxIG

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  1. Dividend Adjustments for 30-Nov to 7-Dec Expected index adjustments Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 30-Nov 2020. 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 cash neutral adjustment on your account. Special Dividends Index Bloomberg Code Effective Date Summary Dividend Amount OMX TELIA SS 03/12/2020 Special Div 65 NDX COST US 01/12/2020 Special Div 1000 NDX FAST US 01/12/2020 Special Div 40 RTY ITIC US 30/11/2020 Special Div 1500 RTY IIIN US 30/11/2020 Special Div 150 SPX COST US 01/12/2020 Special Div 1000 SPX FAST US 01/12/2020 Special Div 40 How do dividend adjustments work? This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
  2. Expected index adjustments Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 16-Nov 2020. 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 cash neutral adjustment on your account. Special Dividends Index Index Bloomberg Code Effective Date Summary Dividend Amount MEXBOL WALMEX MM 23/11/2020 Special Div 45 RTY HL US 17/11/2020 Special Div 0.5 RTY CTO US 18/11/2020 Special Div 1183 RTY WING US 19/11/2020 Special Div 500 RTY HVT US 20/11/2020 Special Div 200 RTY AMRK US 20/11/2020 Special Div 150 RTY DHIL US 24/11/2020 Special Div 1200 RTY SBSI US 24/11/2020 Special Div 50 How do dividend adjustments work? This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
  3. Expected index adjustments Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 9-Nov 2020. 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 cash neutral adjustment on your account. Special Dividends Index Bloomberg Code Effective Date Summary Dividend Amount UKX SBRY LN 12/11/2020 Special Div 7.3 RTY WINA US 09/11/2020 Special Div 300 RTY AMSF US 09/11/2020 Special Div 350 FBMKLCI SDPL MK 16/11/2020 Special Div 1.45 SPX ROL US 09/11/2020 Special Div 13 How do dividend adjustments work? This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary. Entry Actions Report Entry
  4. Expected index adjustments Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 2-Nov 2020. 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 cash neutral adjustment on your account. Special Dividends Index Bloomberg Code Effective Date Summary Dividend Amount NIFTY LT IN 04/11/2020 Special Div 1800 SPX AIV US 03/11/2020 Special Div 738 SPX ROL US 09/11/2020 Special Div 13 How do dividend adjustments work? This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
  5. Expected index adjustments Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 12th Oct 2020. 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 cash neutral adjustment on your account. Special Dividends Index Bloomberg Code Effective Date Summary Dividend Amount HSI 386 HK 14/10/2020 Special Div 7 HSCEI 386 HK 14/10/2020 Special Div 7 RTY BCC US 14/10/2020 Special Div 160 How do dividend adjustments work? This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
  6. Expected index adjustments Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 5th October 2020. 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 cash neutral adjustment on your account. Special Dividends Index Bloomberg Code Effective Date Summary Dividend Amount NKY VEA AU 05/10/2020 Special Div 5.94
  7. For personal IG trading accounts, the W-8BEN form can be filled in online in MYIG > Settings > Trading US shares. If you're submitting the form under the name of a corporate, trust, or superfund, then you can find the relevant forms and guidance on how to complete the forms. If you are still having difficulty in setting up your W-8BEN form for trading US shares then please email the helpdesk with a screenshot to illustrate where you're stuck. Thanks, Max
  8. Expected index adjustments Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 21st Sep 2020. 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 cash neutral adjustment on your account. Special Dividends Index Bloomberg Code Effective Date Summary Dividend Amount UKX HL/ LN 24/09/2020 Special Div 17.4 How do dividend adjustments work? This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
  9. Expected index adjustments Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 13 Jan 2020. 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 cash neutral adjustment on your account. Special Dividends Index Bloomberg Code Effective Date Summary Dividend Amount RTY PKE US 17/01/2020 Special Div 100 How do dividend adjustments work? This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
  10. Expected index adjustments Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 23 Dec 2019. If you have any queries or questions on this please let us know in the comments section below. For further information regarding dividend adjustme nts, 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 cash neutral adjustment on your account. Special Dividends Index Bloomberg Code Effective Date Summary Dividend Amount RTY GLOG US 23/12/2019 Special Div 38 RTY OFLX US 24/12/2019 Special Div 350 RTY CNXN US 26/12/2019 Special Div 32 RTY BSVN US 27/12/2019 Special Div 4 SPX VNO US 27/12/2019 Special Div 195 SPX HST US 30/12/2019 Special Div 5 How do dividend adjustments work? This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
  11. Expected index adjustments Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 11 Nov 2019. 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 cash neutral adjustment on your account. Special Dividends Index Bloomberg Code Effective Date Summary Dividend Amount RTY AMSF US 12/11/2019 Special Div 350 RTY RILY US 13/11/2019 Special Div 47.5 RTY TSBK US 14/11/2019 Special Div 10 RTY CNS US 15/11/2019 Special Div 200 RTY CSTE US 19/11/2019 Special Div 15 SPX TRIP US 19/11/2019 Special Div 350 How do dividend adjustments work? This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
  12. Expected index adjustments Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 4 Nov 2019. 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. Special Dividends Index Bloomberg Code Effective Date Summary Dividend Amount AS51 CSR AU 8/11/2019 Special Div 4.8571 RTY HFWA US 6/11/2019 Special Div 10 RTY MPX US 7/11/2019 Special Div 10 RTY AMSF US 12/11/2019 Special Div 350 SPX ROL US 7/11/2019 Special Div 5 How do dividend adjustments work? As you know, constituent stocks of an index will periodically pay dividends to shareholders. When they do, the overall value of the index is affected, causing it to drop by a certain amount. Each week, we receive the forecast for the number of points any index is due to drop by, and we publish this for you. As dividends are scheduled, public events, it is important to remember that leveraged index traders can neither profit nor lose from such price movements. This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
  13. Expected index adjustments Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 23 Sept 2019. 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. Special Dividends Index Bloomberg Code Effective Date Summary Dividend Amount UKX MRW LN 26/09/2019 Special Div 2 UKX HL/ LN 26/09/2019 Special Div 8.3 NKY 1808 JP 27/09/2019 Special Div 1000 - ESTIMATE NKY 1803 JP 27/09/2019 Special Div 800 - ESTIMATE XIN9I 601857 CH 24/09/2019 Special Div 0.777 SHSN300 601857 CH 24/09/2019 Special Div 0.777 HSI 27 HK 24/09/2019 Special Div 46 AEX RAND NA 27/09/2019 Special Div 111 FBMKLCI SIME MK 30/09/2019 Special Div 70 How do dividend adjustments work? As you know, constituent stocks of an index will periodically pay dividends to shareholders. When they do, the overall value of the index is affected, causing it to drop by a certain amount. Each week, we receive the forecast for the number of points any index is due to drop by, and we publish this for you. As dividends are scheduled, public events, it is important to remember that leveraged index traders can neither profit nor lose from such price movements. This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
  14. ASX edges higher: The ASX200 edged higher yesterday, as what is a technically overbought market recovered some of its Friday losses. Upside momentum has clearly cooled for the local stock market, ahead of a week heavily geared towards positioning for this weekend’s G20 meeting. Overall, it must be said it was a low impact and low activity day’s trade yesterday. Consumer stocks were most responsible for the day’s losses, sapping around 4 points from the ASX200, while Real Estate and bank stocks lead the market’ gains, following signs of improvements in clearance rates over the weekend in the Melbourne and Sydney housing markets. Aussie Dollar pops on RBA comments: The Australian Dollar experienced a little lift to kick-off the trading week. A short-term phenomenon, for sure, the local unit climbed following comments made by RBA Governor Philip Lowe at a panel discussion yesterday morning, that “… it’s legitimate to ask how effective more [monetary policy] easing would be”. Though certainly not a statement about future policy, the comments did have the small effect of leading traders to briefly unwind their bets for future rate-cuts from the RBA, boosting the AUD. Currently, the market is pricing in a 77 per cent chance of another interest rate cut next week. Dr. Lowe’s policy prescriptions: Perhaps only for the econo-nerds: Governor Lowe did make some interesting statements about Australia’s future economic management, the role of monetary policy in the economy, and what might be required (the world-over) to support long-term economic health, yesterday. Reiterating what he’s implored in several of the RBA’s recent communications, Governor Lowe suggested that government should be “full of ideas” for large-scale fiscal and structural reforms, as a means of underwriting economic growth moving into the future. And the strong implication was that, with long-term borrowing rates at historically low levels, the time for such reform is now. The (true) dead hand of government? It makes for a pertinent debate: what and/or who is best at managing and growing the wealth of a nation? Demonstrably, the onus, since the Global Financial Crisis, has fallen disproportionately upon central banks to manage the economic fortunes of society. Though flawed, the historical process behind this quasi-system is explicable. Years of fiscal profligacy in Europe and the United States, particularly leading into the GFC, has rendered governments in those economic regions more-and-more impotent. This has created an over-reliance on central bankers to compensate for the noteworthy lack of fiscal firepower possessed by these governments, and sustain global economic wellbeing. Australia’s fortunate position: Central bankers, most pertinently at the Fed, ECB and BOJ, have thus (arguably) gone beyond their traditional mandate of price stability and full employment to ensure they achieve the tacit objectives outsourced to them by government. But, going back to Governor Lowe’s commentary yesterday, herein lies the rub of this for the Australian economy: owing mostly to good fortune, Australia’s fiscal position is relatively strong. That means that the RBA shouldn’t and needn’t be relied upon the same way other nations rely upon their central banks. Our government can do some of the heavy lifting – provided it can spend the money in productive ways. Another night of subdued trade: In overnight trade, markets were characterized by a small case of Monday-it is. Perhaps one could call it the hangover from such a big-week last week. Wall Street has traded on low activity, with the S&P500 continuing to dance around its all-time highs. Sovereign bond yield in North America and US fell once again, as markets maintain their move to price rate-cuts around the globe. The USD has remained offered. Falling yields and the weaker Dollar has pushed gold to fresh highs around $1420. And what it all implies for the ASX200 today: SPI Futures are pointing to a roughly 14-point drop this morning. Crypto’s spark-up: Crypto-currencies are experiencing a new lease-on life, with Bitcoin climbing above the $US11,000-mark for the first time in 15-months. Bitcoin has apparently benefitted from a handful of factors in the past month-or-so. For one, the prospect of imminent rate-cuts from central bankers across the globe is fostering both greater risk-taking, as well as a desire to diversify exposures to traditional, fiat currencies. On top of that, and perhaps more importantly, the re-escalation of the US-China trade-war, plus heightening geopolitical tensions across the globe – especially in the middle-east – is boosting the appeal of methods of payment and exchanges that skirt economic sanctions, and other regulations. Written by Kyle Rodda-IG Australia
  15. Other central bankers throw their weight around: After the US Fed exited the ring yesterday, some of the world’s other heavyweight central-bankers weighed-in on the global race-to-the-bottom for global interest rates. The BOJ met yesterday, and though they kept their policy entirely untouched, it Governor Haruhiko Kuroda affirmed his commitment to monetary stimulus if necessary. RBA Governor Philip Lowe also delivered a speech, in which he was explicit in his belief that lower interest rates were necessary to absorb “spare capacity” in the labour market”. And the Bank of England met last night, left interest rates on hold, but downgraded its forward-outlook, prompting increased bets of a rate-cut from the BOE this year. Notable price action: Risk assets rallied, while sovereign bond yields fell, the USD tumbled, and gold spiked as a result of the dynamic. The S&P500 touched all-time highs, and the ASX200 registered its own 11-year highs, as the prospect of easy-money the world-over whet investors risk-appetite – though SPI futures this morning a suggesting that enthusiasm will cool on the ASX, with ASX200 looking at a flat open. It wasn’t all smooth sailing it must be said. Nerves were rattled on news that Iran had shot down a US drone over the Straight Hormuz, causing a spike in oil prices on fears of conflict in the region. Rio saps some of the positivity from the market: The materials sector failed to capitalize fully on yesterday’s Fed induced bullishness. The responsibility for this laid at the feet of Rio Tinto, after the heavily-weighted mining-giant announced a paring-back of its iron ore output forecasts, owing to “mine operational challenges” being experienced by the company at a key mine in the Pilbara region. The news sent Rio shares down by over 4 per cent at stages yesterday; and, perhaps ironically, gave a little lift to iron ore prices, which had been showing signs of potential weakness, following the announcement by miner Vale that it would be re-opening one of its largest Brazilian mines. Australian rates keep falling: The increasing prospect of looser global monetary conditions, as well the dovish commentary from our own central bank Governor, worked its way into Australian rates markets yesterday. Bets for rate cuts from the RBA lifted modestly, with the implied probability of rate cuts for next month jumping to around 70 per cent, with 2-full cuts from the RBA before year-end priced in their entirety, right now. This sparked significant moves at the front end of the AGB yield curve: the rate-sensitive three-year note fell by another 4 basis points, to clock a fresh all-time low of 0.91 per cent. AUD pops courtesy of weaker USD: Despite this, the AUD tested life above the 0.6900-handle yesterday, as an even hastier fall in US Treasury yields enervated the US Dollar. An ominous milestone: the yield on the benchmark US 10 Year note fell below 2 per cent for the first time in more than two-and-a-half years, while the yield on the US 2 Year note dipped to around 1.73 percent. The fall in US yields at the front end of the curve narrowed the spread between US Treasuries and it Australian equivalent to around 78-basis points (briefly), and has underpinned the little rally witnessed in the Aussie Dollar in the last 24 hours. Gold hits new highs: Arguably, the greatest beneficiary of this week’s concertedly dovish stance from global central bankers has been gold. The price of the yellow-metal hit a 5-and-a-half year high yesterday, as the USD tipped-over, and global interest rates fell. Importantly, too, from a technical basis, the gold price punctured resistance around $US1360, and came close to hitting the key psychological level of $US1400.00. Though the broader narrative is supportive for gold, the price action is looking somewhat exuberant now: the daily RSI is giving an overbought signal, and the price is divorcing itself from fixed-income markets slightly, suggesting that speculative flow has seized control of the price. The latest readings on global growth: Attention will turn back to the global growth outlook today, ahead of tonight’s release of European Manufacturing PMI data. Markets are expecting another contractionary print in the key German and Europe-wide readings of the data, as the US-China trade-war, along with the continents ongoing structural issues, weigh on Europe’s economic activity. The Euro will be in focus around tonight’s data: markets are warming towards the prospect of rate-cuts from the ECB. A deteriorating outlook for the German and European economies could increase these bets, and sap the shared currency; while a better than expected print would likely fuel its recent pop higher. Written by Kyle Rodda - IG Australia
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