Market moving news roundup – events & news likely to move markets 22nd July 2019
Company performance, economic and political events and especially market sentiment will always influence market movement.
Summary
China brings new stock market system ‘STAR Market’ online . The pound ‘£’ continues to take a pounding – sterling remains under pressure. A ‘no deal’ Brexit attracts market attention. Brexit chaos just rolls on and on and on!
Oil price up on Monday due to continued political tensions with Iran. UK leadership challenge vote closes today, new leader to be announced Tuesday 23rd July 2019. U.S. & UK stock markets sit in a ‘holding’ pattern. Equifax receives heavy fine over 2017 data breach incompetence.
India is considering banning private cryptocurrencies in the country in favour of a state backed crypto. A 10 year jail term and heavy fines could be the punishment for anyone dealing in private digital currencies.
Markets generally move sideways in a ‘holding’ pattern ahead of earnings update this week and probable Fed rate cut.
This post is ongoing…
Market moving news roundup, 19th July 2019
U.S. earnings season
U.S. earnings season has had a much better start than the ‘experts’ had predicted. Company earnings, so far, have come in above forecasts. Were corporate Q2 earnings forecasts set at lower estimates making it easier for companies to beat them? UK to delay decision on use of Huawei equipment in 5G network.
Summary
Boeing takes $5 billion hit over 737 problems. Oil price rises on U.S./Iran tension. Asian markets rise, recover some of yesterday fall. Microsoft reports figures above expectations. UK – borrowing increase, highest since 2015 according to ONS. U.S. – Blackrock reports fall in Q2 profits. Sterling under pressure again today, falls back against dollar to level $1.25. American Express reports Q2 profits rise. Trump tweets for Fed to lower rates. U.S. consumer sentiment moved up slightly in June from 98.2 to 98.4. Wall street stock indices declined after a report suggesting the Fed may only cut interest rates by 0.25? Gold price touches 8 year high. Reports of UK oil tanker been seized in the Strait of Hormuz near Iran.
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
Summary
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.