Market News

Here’s the placeholder for Tuesday’s 7am trading updates amp; results statements.

Good morning, it’s Paul here!

MiFID II
This continues to wreak havoc. What on earth were the regulators thinking, to expend so much time amp; energy in creating the c.1.5 million paragraphs of regulations in MiFID II, fixing problems that were of so little consequence that they didn’t really matter in the first place!
I think the whole thing should just be repealed as soon as possible, and the regulators should all be fired. Let’s get some people in who actually know what they’re doing, and want to help, rather than impede the investment sector. We didn’t cause the financial crisis, the banks did. So I suggest that’s where regulation should be focusing.
I lost my access to Peel Hunt research yesterday, which I’m absolutely gutted about – as it’s superb quality, and helps me a great deal, both in understanding companies, and also in valuing them using sensible forecasts. I’d happily pay £500 p.a. for access to Peel Hunt research. Unfortunately though, I think they want £10k+ p.a., according to my broker, who politely declined their offer. That sort of figure is not realistic for private investors, as it would represent too large a percentage of our portfolios. Whereas a fund manager…

Good morning, it’s Paul here!

MiFID II
This continues to wreak havoc. What on earth were the regulators thinking, to expend so much time amp; energy in creating the c.1.5 million paragraphs of regulations in MiFID II, fixing problems that were of so little consequence that they didn’t really matter in the first place!
I think the whole thing should just be repealed as soon as possible, and the regulators should all be fired. Let’s get some people in who actually know what they’re doing, and want to help, rather than impede the investment sector. We didn’t cause the financial crisis, the banks did. So I suggest that’s where regulation should be focusing.
I lost my access to Peel Hunt research yesterday, which I’m absolutely gutted about – as it’s superb quality, and helps me a great deal, both in understanding companies, and also in valuing them using sensible forecasts. I’d happily pay £500 p.a. for access to Peel Hunt research. Unfortunately though, I think they want £10k+ p.a., according to my broker, who politely declined their offer. That sort of figure is not realistic for private investors, as it would represent too large a percentage of our portfolios. Whereas a fund manager…

New Zealand saw a NZ$640 million trade surplus in December, Statistics New Zealand said on Tuesday.

That beat expectations for a deficit of NZ$125 million following the NZ$1.233 billion shortfall in November.

Exports surged an annual 26 percent to a…

Analysis by Jardine Lloyd Thompson (JLT) found that FTSE100 companies paid dividends of £71.2billion last year – despite having a combined pension deficit of £43billion. According to the consultancy, 41 of the FTSE100 firms could have plugged the gap in their pension schemes in full with a payment …

The last few days of January and the first two of February will see the economic calendar filled with significant event risk for the Euro, US Dollar, and more.

New Zealand Imports +11% On Year, Exports +26% On Year In December

The material has been provided by InstaForex Company – www.instaforex.com

New Zealand Trade Surplus NZ$640 Million In December

The material has been provided by InstaForex Company – www.instaforex.com

Although some top paid BBC presenters including John Humphrys have agreed to have their salary cut to address criticism over the gender pay divide, Lundgren is the first boss of a FTSE 100 company to do so. All UK employers with more than 250 employees…

The company says an update allowing users to select community news will encourage civic engagement.

Twitter shares rallied amid rumors that Salesforce.com may be interested in an acquisition, but traders will be watching these levels.

The president of Colombia, Juan Manuel Santos, announced on Monday the suspension of the fifth round of talks that were scheduled for the coming days with the National Liberation Army (ELN) after new attacks were carried out by the guerrilla group ove…

The approval rate of Peruvian President Pedro Pablo Kuczynski is at 19%, the lowest since he took office, falling by three percentage points compared to December, according to a GfK survey released by the La Rep?blica newspaper.

The fallin Kuczynski’…

A broader technical picture offers perspective on price with respect to trend. Here are the updated targets & invalidation levels that matter on the weekly charts.

Treasuries showed a notable move to the downside during trading on Monday, extending the pullback seen in the previous session.

Bond prices climbed off their worst levels of the day but remained firmly in negative territory. As a result, the yield on…

Negotiators for the US, Canada and Mexico say they have made progress, but they remain far apart on some matters.

The star of The Post is the latest celebrity to apply to protect her name from commercial use.

The median forecast for Brazil’s consumer price inflation in the next 12 months rose for the fifth consecutive week, to 4.01% from 4.00% last week, according to economists surveyed by the South American country’s central bank.

For 2018, the economist…

Crude oil futures fell Monday amid indications U.S. production will be ramped up.

Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil climbed by 12 at 759 this week, as U.S. companies want to take advantage of oil pri…

Economists surveyed by the Brazilian central bank trimmed their forecasts for economic growth in 2018 to 2.66%, from 2.70% last week. For 2019, projections were raised to 3.00%, from 2.99% last week.

Projections for Brazil’s debt-to-GDP ratio in 2018…

The dollar got off to a positive start to the new trading week, but has begun to pare its early gains in the afternoon. Economic data was on the light side this morning, but traders will have a lot to look forward to later this week.

The Federal Res…

The Revolutionary Alternative Force of the Common (FARC, former guerrilla group) launched its leader Rodrigo Londo?o, alias Timochenko, as the party’s candidate for the Colombian presidency. The announcement was made at the House of Culture of Ciudad …

London edged a touch higher, with the FTSE index benefiting from gains to share prices of heavyweight mining companies on rising copper prices, traders said. London’s FTSE 100 gained 0.1% to 7,671.53 points, Frankfurt’s DAX 30 lost 0.1% to 13,324.48 and Paris’s CAC 40 fell 0.1% to 5,521.59 points …

Argentine President Mauricio Macri announced a state reform which includes a 25% reduction in the political positions in the Executive Power, a wage freezing for government officials in 2018, and the prohibition for ministers’ relatives to work in pol…

The FTSE 100 closed up 5.99 points at 7,671.52. Glencore gained 3.3 per cent to 415p, with Exane BNP Paribas positive on the group’s broad exposure to the “artisanal mining” of battery materials such as cobalt, nickel and lithium. WPP edged 0.2 per cent lower to £12.91 after HSBC became the latest …

Economists polled by the Brazilian central bank kept their estimates for the country’s benchmark interest rate (Selic) unchanged for the fifth consecutive week at 6.75% for the end of 2018. The forecast for the average rate in 2018 remained at 6.75% f…

Gold futures fell for a second day Monday, trimming recent gains ahead of the upcoming Federal Reserve meeting.

Federal Reserve Chair Janet Yellen’s last policy meeting on Wednesday is not expected to deliver any change or surprise for investors, but…

McDonald’s stock is not cheap, as its P/E ratio is an elevated 25.74, and its dividend yield is so-so at 2.27%.

Fresh developments coming out of the euro-area may curb the recent weakness in EUR/USD as the 4Q GDP report is anticipated to show an uptick in the growth rate.

The EU wants the UK to continue to follow its rules but not be involved in making decisions.