Breaking News
Quotes
All Instrument Types
  • All Instrument Types
  • Indices
  • Equities
  • ETFs
  • Funds
  • Commodities
  • Currencies
  • Crypto
  • Bonds
  • Certificates

Please try another search

Search website for: 
Popular News
More
Popular Analysis
More
More
/Free Sign Up
 Investing Pro 0
💎 Reveal Undervalued Stocks Hiding in Any Market Get Started

Market Brief: What Does Santa Grinch Say?

By FOREX.com (Fawad Razaqzada)ETFsDec 06, 2019 06:52
uk.investing.com/analysis/market-brief-what-does-santa-grinch-say-200435068
Market Brief: What Does Santa Grinch Say?
By FOREX.com (Fawad Razaqzada)   |  Dec 06, 2019 06:52
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
 
AUD/USD
+0.11%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
 
Create New Watchlist Create
Create a new holdings portfolio Add Create
+ Add another position Close
NZD/USD
-0.12%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
 
Create New Watchlist Create
Create a new holdings portfolio Add Create
+ Add another position Close
UK100
+1.01%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
 
Create New Watchlist Create
Create a new holdings portfolio Add Create
+ Add another position Close
DE40
+1.27%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
 
Create New Watchlist Create
Create a new holdings portfolio Add Create
+ Add another position Close
PRTP
-0.98%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
 
Create New Watchlist Create
Create a new holdings portfolio Add Create
+ Add another position Close
KR
-0.02%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
 
Create New Watchlist Create
Create a new holdings portfolio Add Create
+ Add another position Close
Cash Indices % Change
Cash Indices % Change

  • Instigators of a Grinch sell-off are again being outflanked by the Santa rally’s advance guard. Metaphorically, these opposing forces are being led by the same person. For weeks, Donald Trump’s assessments of talks with China have demonstrably been the last word for day-to-day market direction. Since his claim a day ago that they are going “very well”, he’s had little else to say about the discussions. By contrast, China’s Commerce Ministry was rather non-committal on Thursday: “China believes if both sides reach a phase-one agreement, relevant tariffs must be lowered”. Going “very well” and lower tariffs as a condition is all we know for sure. All the elements seem to be in place for another volatility spike. We’re just waiting for the next word from Santa Grinch

  • Meanwhile, major stock markets are almost all higher. Britain’s FTSE 100 is an exception as the pound jumps, leaving the exporter-led market weak. And Germany’s DAX barely gained before slipping under the weight of industrial and consumer shares. German factory orders data showed demand down 0.4% in October, the mirror image of estimates eyeing a 0.4% gain

  • U.S. indices are taking the baton from firm futures, trampling over a relapsed VIX. The (no) ‘fear gauge’ is set for a second session in the red after on Tuesday completing its only four-session stretch of gains since July

  • Japan Prime Minister Shinzo Abe’s ¥26 trillion fiscal stimulus package left JGB yields little changed and Nikkei 225 futures up just 0.3%. The package is in line with expectations whilst details of the fresh bond issuance are less impressive than the headlines

  • U.S. benchmark yields are barely moving, with the 10-year up 1 basis point at last check to 1.78%. EU yields tick lower

  • Brent crude extends Wednesday’s bounce on inventory relief as OPEC/OPEC+ begins a two-day meeting. Saudi has offered the carrot of its own deeper cuts if lesser members make greater efforts to comply with current limits. The stick isn’t specified

    • Stocks/sectors on the move

  • EU stocks: Apart from the FTSE, Germany’s DAX is the other European high-capitalisation index that’s underperforming. Heavyweight Siemens and BASF are responsible much of the index dip. Consumer products maker Beiersdorf also responds to disappointing factory gate data. Luxury minnow Moncler’s rather academic rejoinder to takeover reports citing Kering (PA:PRTP) is that “no concrete hypothesis is under consideration”. The stock is up about 8%

  • UK stocks: Aston Martin accelerates as much as 13% after a possible bid was reported by magazine Autocar. Battered shares of home ware retailer Dunelm jump 15% on a pre-tax profit forecast upgrade. Ted Baker (LON:TED) extends a recent decline by 4.6%. It’s appointed a consultancy to review operations after three profit warnings and last week’s disclosure of an inventory overstatement. Online rival boohoo.com falls a similar amount. The co-founders are selling 50 million shares

  • U.S. stocks: Kroger (NYSE:KR) adds to retail industry woes with an adjusted Q3 EPS miss. The stock retreats 2%. Tiffany & Co, after recently agreeing to be acquired by LVMH, reported weak profits; shares fell around 1%
    • Daily % Candles
    Daily % Candles

    FX markets and gold

  • The Kiwi is the biggest mover again, reaching a four-month high after Reserve Bank Governor Orr said policy was in a “hold phase”. NZD/USD has gained about 1.7% in six days to stand last at 0.65234

  • The Aussie slipped 0.3%, losing an initial 0.1% gain following Tuesday’s RBA hold. Retail sales were flat in October

  • It’s day five of the dollar slide, the longest losing streak for about a month. Even so, safe havens are still weak vs. greenback, to characterise prevailing appetite as firmly one that is open to risk

  • The pound seems to know no bounds. Sterling is up two big figures in two sessions to around $1.314. Election certainty is very much bounded though, considering how unreliable poll indications have been in recent years. Right now they’re pointing more firmly to a Conservative majority in next week’s UK election

  • BOC’s hawkish hold a day ago keeps the loon among better performers

  • Indian assets also sees some action after the RBI unexpectedly paused rate cuts, despite reducing 2019 growth forecasts. The rupee jumped the most in a session since last month. Bond yields spiked the highest since September, though stocks edged lower

    • Upcoming economic highlights

    Upcoming Economic Highlights
    Upcoming Economic Highlights

    Disclaimer: The information on this web site is not targeted at the general public of any particular country. It is not intended for distribution to residents in any country where such distribution or use would contravene any local law or regulatory requirement. The information and opinions in this report are for general information use only and are not intended as an offer or solicitation with respect to the purchase or sale of any currency or CFD contract. All opinions and information contained in this report are subject to change without notice. This report has been prepared without regard to the specific investment objectives, financial situation and needs of any particular recipient. Any references to historical price movements or levels is informational based on our analysis and we do not represent or warranty that any such movements or levels are likely to reoccur in the future. While the information contained herein was obtained from sources believed to be reliable, author does not guarantee its accuracy or completeness, nor does author assume any liability for any direct, indirect or consequential loss that may result from the reliance by any person upon any such information or opinions.

    Original Post

    Market Brief: What Does Santa Grinch Say?
     
    Add a Comment

    Related Articles

    Market Brief: What Does Santa Grinch Say?

    Add a Comment

    Comment Guidelines

    We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

    • Enrich the conversation
    • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
    • Be respectful. Even negative opinions can be framed positively and diplomatically.
    •  Use standard writing style. Include punctuation and upper and lower cases.
    • NOTE: Spam and/or promotional messages and links within a comment will be removed
    • Avoid profanity, slander or personal attacks directed at an author or another user.
    • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
    • Only English comments will be allowed.

    Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

    I Agree
    Write your thoughts here
     
    Are you sure you want to delete this chart?
    Delete Cancel
     
    Post
    Post also to:
     
    Replace the attached chart with a new chart ?
    Replace Cancel
    1000
    Comment Guidelines
    Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
    Please wait a minute before you try to comment again.
    Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
     
    Are you sure you want to delete this chart?
    Delete Cancel
     
    Post
     
    Replace the attached chart with a new chart ?
    Replace Cancel
    1000
    Comment Guidelines
    Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
    Please wait a minute before you try to comment again.
    Add Chart to Comment
    Cancel Attach
    Confirm Block

    Are you sure you want to block %USER_NAME%?

    By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

    %USER_NAME% was successfully added to your Block List

    Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

    Confirm Block Cancel
    Ok
    Report this comment

    I feel that this comment is:

    Submit
    Comment flagged

    Thank You!

    Your report has been sent to our moderators for review
    Close
    Continue with Google
    or
    Sign up with Email