S&P 500 could hit 5,600 by 2024 year-end
IG Trading the Markets
by IG Group
1d ago
Traders brace for earnings from Nvidia, a raft of Fed speakers, and flash manufacturing and services PMIs as Wall Street continues to grind upwards. Chris Versace, CIO of Tematica Research joins IG’s Angeline Ong to discuss why he thinks the S&P 500 could breach 5,600 by the end of 2024. Any opinion, news, research, analysis, or other information does not constitute investment or trading advice.  Follow us on Twitter, Instagram, and YouTube  *Your capital is at risk. 71% of retail CFD accounts lose money ..read more
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Week ahead: UK inflation and NVDA earnings
IG Trading the Markets
by IG Group
1d ago
UK inflation could well be the swing point for the FX markets from the week’s economic diary. It comes on Wednesday and, if it follows the recent US inflation data on the downside, there may be a short sterling position to be had. Also on the economic agenda is a rate decision from the Kiwi central bank where no change is expected. On the corporate agenda, the top of the bill is earnings midweek from AI chip designer Nvidia. It trades all sessions on the IG platform and reports numbers after the closing bell on Wednesday 22 May. Any opinion, news, research, analysis, or other information does ..read more
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PPI, Powell, and CPI to reshape Fed rate cut expectations
IG Trading the Markets
by IG Group
6d ago
The latest US inflation prints and comments from Fed Chair Jerome Powell could really change Fed rate cut expectations. Tematica CIO Chris Versace explains how this might change the mood of the markets. He also catches up with IG’s Angeline Ong to discuss the latest significant hike in US tariffs on Chinese cars, chips, and the upcoming Google I/O conference.   Any opinion, news, research, analysis, or other information does not constitute investment or trading advice. Follow us on Twitter, Instagram, and YouTube “Your capital is at risk. 71% of retail CFD accounts lose money ..read more
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Week Ahead: US inflation and WMT earnings
IG Trading the Markets
by IG Group
1w ago
Despite US earnings winding down there are two all-sessions stocks to watch in the coming week: WalMart (WMT) and Cisco Systems (CSCO). On the economic agenda the big dollar pivot point is widely expected to be Wednesday’s release of US consumer pricwes. The Fed has aleready warned that it’s seeing stronger data and this remains around inflation. That could see a return to USDF strength. Any opinion, news, research, analysis, or other information does not constitute investment or trading advice.  Follow us on Twitter, Instagram, and YouTube  ..read more
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Why Boeing’s woes will take time to lift
IG Trading the Markets
by IG Group
2w ago
Boeing’s Starliner launch was delayed due to a rocket glitch, but this is just one of many setbacks for the planemaker. The Federal Aviation Administration has opened new investigation into 787 inspections. Plus, probes surrounding the January door-plug incident continue. Tematica Research CIO Chris Versace believes it will take time before Boeing convinces its investors it has managed to get its house in order. Any opinion, news, research, analysis, or other information does not constitute investment or trading advice. Follow us on Twitter, Instagram, and YouTube “Your capital is at risk. 71 ..read more
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Week ahead: RBA and BoE rate decisions
IG Trading the Markets
by IG Group
2w ago
With the OECD having given its thoughts on global interest rates it says both the Bank of England (BoE) and the Reserve Bank of Australia (RBA) should keep rates higher for longer. While neither is expected to move traders will be keen to hear what each central bank has to say about the outlook. Also on the economic agenda is the first look at UK GDP for the first quarter. Will the economy have emerged from a shallow recession at the end of last year? On the corporate agenda, there’s a short list of companies to watch including Walt Disney (DIS), Airbnb (ABNB) and IAG. Any opinion, news, rese ..read more
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HIVE Digital Technology CEO interview
IG Trading the Markets
by IG Group
2w ago
Many tech companies are looking to diversify their revenue streams by powering the AI revolution. One such company is Canada-based data centre company Hive Digital Technology. IG’s Angeline Ong caught up with HIVE’s CEO Aydin Kilic to find out why they have evolved into an ‘infrastructure as a service’ business, utilising hydroelectric energy from Sweden and Canada and geothermal power from Iceland. Any opinion, news, research, analysis, or other information does not constitute investment or trading advice. Listener Statistic Follow us on Twitter, Instagram, and YouTubs *Your capital is at ri ..read more
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How ‘diabesity drugs’ could change the investment landscape
IG Trading the Markets
by IG Group
3w ago
Trial results from Eli Lilly add to a growing body of evidence that suggests GLP-1 drugs, which include treatments like Lilly’s Mounjaro and Novo Nordisk’s Wegovy have medical benefits beyond diabetes and weight loss. Tematica CIO Chris Versace explains how these so-called ‘diabesity drugs‘ could affect healthcare and why their impact, positive and negative, could not be known for some time. He also discusses the impact of oil prices on monetary policy and Netflix. Any opinion, news, research, analysis, or other information does not constitute investment or trading advice.  Follow us on ..read more
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Week ahead: A packed earnings list and significant economic data
IG Trading the Markets
by IG Group
1M ago
It’s a week where earning dominate with plenty of stocks on the IG list of all-sessions coverage. Some of the big US companies include Microsoft (MSFT), Alphabet (GOOG), Tesla (TSLA) Exxon Mobil (XOM), Chevron (CVX), Intel (INTC) and Ford Motor (F) to name just a few. Then in Europe Shell Oil (SHEL), Barclays (BARC), Lloyds Banking Gp (LLOY), NatWest (NWB), Unilever (ULVR), BNP Paribas (BNP) and Nestlé (NESN) as just some of those in Europe to watch. Economic data includes a raft of flash PMI from Japan, US, UK, eurozone, France, Germany etc. There’s also a first look at Q1 GDP in the US, ahea ..read more
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Is the Fed on hold for now, June cut no longer in view?
IG Trading the Markets
by IG Group
1M ago
With almost every US data point from jobs to manufacturing and commodities prices showing upward price pressures remain, should there be an interest rate hike instead of a cut? Tematica CIO Chris Versace says he thinks the Fed can sit and wait on rates for now, without having to cut until the risk of rising inflation has truly eased. Any opinion, news, research, analysis, or other information does not constitute investment or trading advice.  Follow us on Twitter, Instagram, and YouTube  *Your capital is at risk. 71% of retail CFD accounts lose money ..read more
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