![]() 72% of retail client accounts lose money when trading CFDs, with this investment provider. The risks of loss from investing in CFDs can be substantial and the value of your investments may fluctuate. 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. 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. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. Consequently any person acting on it does so entirely at their own risk. No representation or warranty is given as to the accuracy or completeness of this information. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. 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. This information has been prepared by IG, a trading name of IG Markets Limited. Last, but not least, we also have a spate of energy earnings out of Chevron second quarter earnings, while ExxonMobil as well out with second quarter numbers. However, it remains to be seen for how much longer they can do this. Major consumer goods companies from Nestlé all the way to Procter & Gamble have so far managed to the sharp rises in input costs by passing it on to consumers. It's an old session stock on the big platform like many consumer giants, paying attention to what they say and what Procter & Gamble says about higher costs and how they're pushing through higher prices to cope with these higher costs. The big one to look out for is Procter & Gamble. ![]() Meanwhile, over in Europe, we've got IAG and Air France-KLM also out with first half results and from the drug sector, Sanofi hands in its second quarter numbers from the US. We've got NatWest first half earnings, AstraZeneca and also Standard Chartered handing in their first half report card. We're also looking out for the Baker Hughes oil rig count.Īnd on the earnings front, it's as busy as early in the week. Turning to the US, we've got core personal consumption expenditure (PCE) price numbers after the details from the Q2 numbers and also initial jobless claims were quite robust earlier this session. And we're looking out for the consumer price index as well. Expectations there for a zero 3.3% year-on-year. ![]() Now traders are waiting for more clues when President Christine Lagarde starts talking.Īnd, also, we've got Q2 GDP numbers out of Germany as well. They raised by 25 basis points.Īnd, also, the suggestion is that the ECB will continue to keep an eye on data and inflation before deciding any future rate policy. ![]() ![]() Just looking at the France CAC 40, the €40 zone bond yields extended their fall this session after the ECB raised interest rates to three and three quarters of a per cent as expected. Now, just checking in on France as well, because France is going to be quite topical in the coming session because it's out with its second quarter gross domestic product (GDP) numbers. So, it’ll be interesting to see what happens when the Bank of Japan releases its decision later in the session tomorrow. Many central banks, major ones, are coming towards the end of their historically rapid tightening cycles that they unleashed in an effort to curb inflation that erupted in the wake of the COVID lockdowns and after those lockdowns were done with as well.īut the Bank of Japan has largely held firm, happy to see Japan's relatively tame inflation pick up after decades in the freezer. Just looking at USD/JPY there, because there are a number of investors and market watchers and also investment banks that are warning that we could be in for a shock and, therefore, volatility. In case it wasn't already exciting enough with the US Federal Reserve (Fed) and the European Central Bank ( ECB), the Bank of Japan has its interest rate decision and investors are widely expecting the Bank of Japan to buck the global trend and keep monetary policy on hold on Friday. And we start in Japan with yet more central bank action. (Video Transcript) Look Ahead: Japan may keep monetary policy on hold ![]()
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