IG Markets - Latest News [Page 6]
IG Markets - Morning Thoughts
Thursday, 4 April 2013, 12:04 pm | IG Markets
Two major pieces of data were released in the US last night, and both disappointed and sank global markets. More >>
IG Markets - Afternoon Thoughts
Wednesday, 3 April 2013, 5:49 pm | IG Markets
There’s been an underlying negative tone in Asia today, despite a positive US and European lead, and strength in Japanese equities. We put this down to Fed chatter more than anything else, although the 5.3% drop on the month for HIA Australian home ... More >>
IG Markets - Morning Prices April 3
Wednesday, 3 April 2013, 11:22 am | IG Markets
Overnight trading volumes were slightly on the light side again. However, good political news out of Europe and some strong US macro data drove both the Dow and the S&P500 to their all-time closing highs. More >>
IG Markets - Morning Prices April 1
Tuesday, 2 April 2013, 11:20 am | IG Markets
Risk assets were mixed with currencies rising on the back of a weaker US dollar, while equities lost ground. The US March ISM manufacturing PMI number came in significantly weaker than expected, (51.3 versus a 54.2 consensus) and this was the key event of ... More >>
IG Markets - Afternoon Thoughts
Thursday, 28 March 2013, 6:37 pm | IG Markets
US markets finished a whisker away from the all-time closing high of 1565 courtesy of some dovish rhetoric from Fed Presidents Charles Evans (voting member), Minneapolis Fed President Narayana Kocherlakota (a voting member next year) and Boston Fed President ... More >>
IG Markets - Morning Thoughts
Thursday, 28 March 2013, 11:24 am | IG Markets
Overnight trading was light in the US as the Easter long weekend sees more and more market participants leaving their desks early for extended holidays. The light volumes meant the S&P 500 moved around more than it probably should have, and dropped ... More >>
IG Markets - Morning Thoughts
Wednesday, 27 March 2013, 11:20 am | IG Markets
With a plethora of US data overnight, investors could pick and choose which ones to follow. Everyone was watching the durable goods orders and the Chase-Schiller price index, and they didn’t disappoint, jumping up strongly in the month of February. ... More >>
IG's trading wrap 26/3/13
Tuesday, 26 March 2013, 5:09 pm | IG Markets
We suggested on Friday that EUR/USD may initially spike on a Cypriot agreement, but this reversed course as traders looked at the finer details of the potential bailout. This has worked well with the EUR getting sold heavily across the G10 complex, although ... More >>
IG Markets - Morning Thoughts
Tuesday, 26 March 2013, 11:20 am | IG Markets
Once the Cyprus deal was ratified, the market took this as good news, with most bourses moving up strongly, as did the EUR. Then, in a blink of an eye the head of eurogroup finance Mr Jeroen Dijsselbloem slipped out this sentence, and it was gone: More >>
A short back and sides for Cyprus
Monday, 25 March 2013, 5:27 pm | IG Markets
EU finance ministers have approved an agreement struck in Brussels between Cyprus and the Troika that will see a major haircut being imposed on Cypriot depositors. More >>
IG Markets - Morning Thoughts
Monday, 25 March 2013, 11:19 am | IG Markets
With deals and counter-deals flying around, it is hard to discern which one is currently before the Cypriot parliament, which deal has been rejected, and which one is being touted. But based on last reports, this is where the negotiations stand. More >>
IG Markets - Afternoon Thoughts
Friday, 22 March 2013, 6:23 pm | IG Markets
If Cyprus is going to snowball into a sizeable issue, given the potential weekend antics, then Australian investors certainly haven’t shown too much concern, piling into the banks’ 5% yield. The rest of Asia seems to have struggled though, with ... More >>
IG - Morning Thoughts and Opening Calls
Friday, 22 March 2013, 11:23 am | IG Markets
On-again, off-again political turmoil in Europe, coupled with political wrangling in Australia has led to a very unstable 36 hours of trading in global markets. More >>
IG Markets - Afternoon Thoughts
Thursday, 21 March 2013, 6:03 pm | IG Markets
Asia has shown once again that it is not just a reactionary time zone, and can throw up a few surprises of its own. While the political issues in Cyprus roll on, albeit slightly more constructively, it is down to Australia this time to steal the limelight ... More >>
IG Markets - Morning Thoughts
Thursday, 21 March 2013, 11:21 am | IG Markets
Risk assets showed remarkable resilience to Cyprus concerns as equities gained ground. Contagion from the Cyprus situation has not quite materialised in the eurozone, and this has helped alleviate fears of a run-on banks in other countries. Yields remained ... More >>
IG Markets - Afternoon Thoughts
Wednesday, 20 March 2013, 6:02 pm | IG Markets
With Japan offline for the Vernal Equinox day, it was down to the ASX 200, Hang Seng, Kospi and Shanghai Composite to bring the focus back into the equity space. More >>
IG Markets - Morning Thoughts
Wednesday, 20 March 2013, 11:15 am | IG Markets
Risk assets struggled through European and most of US trade on speculation the Cyprus parliament was unlikely to pass the bailout package. There has been plenty of talk around the levy on deposits over the past few days, and indeed it was overwhelmingly ... More >>
IG Markets - Trading Wrap
Tuesday, 19 March 2013, 6:02 pm | IG Markets
It seems calmer heads have prevailed in Europe and the US and the fact S&P futures were down 1.5% at the close of the Australian market yesterday saw a descent snap-back in early trade, although the index has found sellers today, despite a rampant Nikkei. ... More >>
IG Markets - Morning Thoughts
Tuesday, 19 March 2013, 11:20 am | IG Markets
Cyprus, a country with a population smaller then Adelaide (the fifth largest city in Australia) has caused one major upheaval on global markets. For a country that contributes about 0.2% of European GDP, why is a badly worded, ill thought out policy ... More >>
IG Markets - Afternoon Thoughts
Monday, 18 March 2013, 6:09 pm | IG Markets
It’s been a good old fashioned risk-off day in Asia, with the EUR predictably at the epicentre of the sell-off. The Cypriot stability levy has been at the heart of the concern. While depositors from other sovereigns with fiscal issue such as ... More >>