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KirbyIG

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Everything posted by KirbyIG

  1. Flow exits equities: Global stocks fell on Monday. The losses were very broad based, as equity traders caught up on the information that had already, effectively, been baked into rates markets. The ASX200 was one of the worst performing major share indices: it shed 1.17 per cent, with market breadth a lowly 17.5 per cent. Wall Street has performed stronger overnight, with the S&P500 giving up half-a-per cent. That’s lead SPI Futures to climb roughly 10 points, suggesting a bounce for the ASX today. The AUD, as a pro-risk currency, is down at the expense of a stronger USD. The stronger gree
  2. Expected index adjustments Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 8th July 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. Dates can be affected by public holidays. Special Divs are highlighted i
  3. Market sentiment: The prevailing wisdom in the market was challenged on Friday night, and it resulted in a small shift in fundamentals. US Non-Farm payrolls were released, and despite the overarching bearishness towards the US economic outlook currently, managed to exceed expectations. Granted, the unemployment rate ticked higher and wages growth fell. But the jobs change figure revealed a much better than expected 224,000 jobs were added to the US economy last month. The results naturally weren’t enough to bring-about a wholesale revision of US economic fundamentals. However, it’s forced mark
  4. A lacklustre night of market action: The Independence Day holiday in the US kept trading activity relatively thin. The ASX200 clocked another new-high, breaking the 6700-level for the first time since November 2007, led by a big, broad-based bounce in the shares bank’s stocks. Equity markets across the global generally eked-out gains for the day, while bond yield were reasonably steady. The Yen and Swiss Franc were the slight outperformers in the G10 currency space, while commodity currencies slipped, presumably as risky positions were closed-off for the day-off. With this as the market’s over
  5. Another record-reaching session: US stocks have notched-up another record high, as the S&P500 closes in on the 3000-mark. The ASX200 yesterday came close to its own psychological milestone, nearing the 6700-level. The highs came on a light-day’s trade on Wall Street, however, with US markets trading-in a shorted session in ahead of the Independence Day holiday. Currency markets were more volatile, with commodity currencies climbing courtesy of several positive trade balance data out of New Zealand, Canada and Australia. And the US Dollar dipped, following the release of soft ADP employment
  6. Stocks wander, bonds rally, oil tumbles: Equity markets edged higher overnight, however activity was generally thin, as fresh news and data proved lacking. Market behaviour suggests global growth concerns have returned to prominence: bond yields fell across the globe, with the yield on the benchmark US 10 Year Treasury note falling below 2 per cent again. Defensive sectors generally outperformed on Wall Street. Oil tumbled, while gold staged a bounce. And the USD was a little weaker, though it was somewhat supported by mixed trading in the Euro, which sold-down on news that Christine Lagarde w
  7. G20 outcome bolsters sentiment: Market activity was defined by a demonstrable lift in risk appetite yesterday. Stock markets rallied, especially in China, and the S&P500 touched new all-time highs. The Yen dipped, as did the Swiss Franc. The stronger Greenback combined with the lift in global bond yields knocked gold prices down below the $US1400-mark. And oil rallied – boosted, too, by the prospect of coordinated supply controls from OPEC-members at their meeting this week. While the positive growth sentiment, combined with news of falling export volumes here in Australian, drove the pric
  8. Expected index adjustments Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 1st July 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. Dates can be affected by public holidays. Special Divs are highlighted i
  9. G20 Summit goes to plan: Financial market participants will be relieved by the outcome of the Trump-Xi meeting at the weekend’s G20. They’ve effectively received what they’d been expecting: no-deal of course, but a pledge to restart talks and not increase tariffs in the interim. As has been discussed by many, this is likely to be just the latest chapter of what’s going to be an epic tale for US-China relations. And it doesn’t, in the shorter-term, completely remove the headwinds faced by the global economy courtesy of the existing tariffs. But things aren’t getting any worst, for now, which me
  10. G20 Summit begins: Market attention turns, almost singularly, to this weekend’s G20 Summit, today. There are numerous issues with significant financial market and global economic implications to be discussed at the event – the general concern about a global economic slow-down the overarching one. But of course, at the centre of everything, almost eclipsing the Summit’s primary purpose, is the highly anticipated meeting on Saturday afternoon between US President Donald Trump, and Chinese President Xi Jinping. For markets, the outcome to this meeting guides the future direction of the global eco
  11. Overnight action: Wall Street equities closed effectively flat, while bond yields climbed, commodities generally lifted, and currency markets shuffled into place, as markets continue to position for this week’s massive G20 meeting in Osaka. Market activity was relatively high, and sentiment does seem to be balancing on a knife’s edge: US President Trump flippantly suggested his “Plan B” from this weekend’s trade-talks is to slap on China “billions and billions” of more tariffs. Meanwhile, bond markets continued unwind bets of a double-rate-cut from the Fed next month, after some sobering comme
  12. USD/ZAR Analysts are split 50/50 on whether we are going to get a downgrade from ratings agencies on Friday, and with it generally occurring after market we could be waking up on Monday morning with a very ugly hangover. The Rand has strengthened against the Dollar, coming back to test support around 13.95 and whilst we have made a lower high over the last week, the pair is trading in a bullish (for the USD) upward channel and the current price action would still be considered a bullish consolidation with an upside target for buyers of the Dollar around 14.24 and 14.48 in extension. 13.80
  13. Hi When a company pays you a dividend you would receive a daily statement emailed to you reflecting the dividend, just ensure that you have the correct email address registered on your account. You can also view past dividends on your account through My IG>Live accounts>History. Thanks Anda
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