FX Rundown: January 21, 2020
Chart of the Week: Intermarket Relationships EWG
Macron, Trump Agree To Hold Off Tit-For-Tat Tariffs
U.S. President Donald Trump and French President Emmanuel Macron have agreed to a truce on their ongoing digital tax dispute. The United States and France have agreed that neither country will impose punitive tariffs until the end of 2020.
Data Up and Down, Rate Hopes Swing
Early Look: Tuesday, January 21, 2020
U.S. stocks are moving lower, as reports indicate more than 200 people have been infected by a new coronavirus outbreak, and four have died, which a Chinese government official said can be spread from human to human.
UK Sparks: TalkTalk Sells Fibre Broadband Unit For £200m
TalkTalk Telecom Group has agreed to sell its broadband fibre business FibreNation to CityFibre, the UK’s third national digital infrastructure platform, for £200m. Chief executive Tristia Harrison says the disposal, which includes a long-term wholesale supply agreement, will allow TalkTalk to accelerate fibre growth for residential and business customers. CityFibre, which has fibre networks in more than 60 UK cities and towns, is jointly controlled by Antin Infrastructure Partners and West Street Infrastructure Partners.
Closing Bell (Jan 21)
China Sneezes, Markets Catch Cold
S&P500 (ES) Daily MACD Trying to Negatively Cross
UK Sparks: BAE To Pay $2.2bn For US Takeovers
BAE Systems has announced two cash acquisitions in the US, paying $1.93bn for Collins Aerospace’s military global positioning system business and $275m for Raytheon’s airborne tactical radios operation. Both deals are subject to the completion of the merger of Raytheon and United Technologies. BAE says the takeovers represent a “unique opportunity” to purchase “high-quality, technology-based businesses with market-leading capabilities and long histories of pioneering innovation in their field”.
Closing Bell (Jan 20)
That Holiday Feeling
Corn (ZC) Completes 2nd Straight Weekly Hammer
US Payrolls & UK Construction—On a Positive Roll?
Quarterly Markets Review – Q4 2019
A look back at markets in Q4 2019 when shares were supported by optimism over the prospects for a US-China trade deal. The geopolitical risks that dominated markets for much of 2019 faded in Q4, helping global equity markets to post gains.
Taking a Long-Term View on Oil
Franklin Equity Group’s Fred Fromm gives his take on global oil markets amid elevated tensions between the United States and Iran. After a January 3 US airstrike killed Iranian General Qassem Soleimani, many investors have been asking us about the potential impact of the US-Iran conflict on oil markets.
2019 Factor Recap: Quality Bias Defies Q4 Risk Rally
Closing Bell (Jan 17)
China 2019 GDP Meets Target, Reasonable Range In 2020 Flagged
UK Sparks: American Growth Boosts Experian
Credit-checking group Experian saw revenues increase by 7% in the last three months of 2019, driven by strong growth in America. The company says in a trading update that revenues rose by 11% in North America and by 10% in Latin America. Revenues fell by 3% in the UK and Ireland and by 4% in Europe, the Middle East, Africa and Asia Pacific. Chief executive Brian Cassin says the performance represents “another quarter of good growth”. The company says its guidance for its full-year results remains unchanged.
Arabica Coffee (KC) Testing 61.8% Fib Retrace of Oct-Dec Rally
Blue Line Breakfast Report: Sugar Cocoa Coffee OJ – January 16
Closing Bell (Jan 16)
UK Sparks: Pearson full-year sales affected by its performance in North America
Learning company Pearson has issued a full-year trading update, revealing unchanged revenues compared to the previous year and adjusted earnings per share at 57.5-59.0p, in line with company guidance. The Core market (UK, Australia and Italy) recorded a 5% year-on-year sales increase, driven by strong performance in the UK while the Growth segment (Brazil, China, India and South Africa) increased its sales by 4% year-on-year. This was offset by a 3% year-on-year sales decline in North America, affected by weaker performance of US Higher Education Courseware (print in particular).