Company performance, economic and political events and especially market sentiment will always influence market movement.
I have briefly summarised some events that may actively impact markets
Market moving news roundup, 18th July 2019
Summary
Japan exports fall. Sterling continues its slide. Bank of Korea delivers unexpected rate cut of 25 basis points. Report suggest no deal Brexit will lead to recession (no kidding)! Asia markets fall – NIKKEI down 1.8%. Netflix subscribers fall and so does its share price. UK retail sales improves for June 2019. Morgan Stanley solid results. Iran seize tanker. UK MP’s vote to block Parliament shutdown. Toys R Us reported to be making U.S. comeback. FTSE 100 closes lower at: 7493. U.S. stocks close slightly higher.
News roundup – ongoing from 9th July 2019
U.S. & China trade war – no new information since 9th July 2019 when it was indicated talks were in ‘progress’. Any hint of positive trade news is likely to send an already ‘high’ U.S. stock market even higher!
Fed interest rate cut?
Fed interest rate cut speculation continues to push markets up to record all time highs! Investors keenly await and expect a rate cut. U.S. earnings season reporting starts 15th July 2019. Banks up first. Geopolitical tensions (U.S., Iran, UK, EU) remain over Iranian sanctions deal. UK Brexit paralysis continues. U.K. leadership challenge ebbs on, result expected week commencing 22nd July 2019.
Global economic slowdown
Italy debt and weakening economy. Potential global economic slowdown concerns linger even with a high U.S. stock market. Japan and South Korea trade tensions continue. China – U.S. – concerns over Taiwan arms deal. China indicating it may impose sanctions on U.S. over deal. U.S. trade tensions with India growing.
UK economy grows
The UK economy grew more than expected in May according to data from the Office for National Statistics but remains subdued. New EU commission president elected 16th July 2019 – Ursula von de Leyen, indicated she is not adverse to extending the Brexit deadline, but only for good reason. Get out clause for UK then…again!
Trump says should Google be investigated over China alleged ‘links’ claim? Facebook challenged by U.S. senators over cryptocurrency – concerned of past scandals and consumer data breaches. Does Facebook deserve consumer trust? Some central banks, President Trump, France finance minister and U.S. Senate unimpressed with Facebook’s crypto plan.
Sterling slides
EU launches Amazon investigation into use of ‘sensitive’ information of sellers on its platform. Sterling continues to slide (17th July 2019). London house prices reported to be falling (17th. July 2019). Hard time for banks? With low interest rates (and a possible further cut likely in July) banks profit making machine may be under more pressure to come up with the goods.
Sterling under pressure – drops to lowest level for two years 16th July 2019. Brexit ‘no-deal concerns linger. UK inflation at 2% – on target (17th July 2019)UK – U.S. trade deal faces issues according UK trade minister Liam Fox.
EU car sales report a fall. Huawei remains on U.S. blacklist. Foreign purchases of U.S. homes in decline. Chinese buyers desert the U.S. market.
Note
Company performance, economic and political events and especially market sentiment will always influence market movement.