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IG Research – The long and the short of it

It was certainly a livelier day of trade in the US on Friday and judging by the pop we have seen in the USD and specifically USD/JPY this morning, with the pair trading 0.7% higher at ¥112.97 (in interbank trade), we could see S&P 500 futures push higher on open too.Any moves in the S&P…

Trump shrugs off Flynn guilty plea

US President Donald Trump on Saturday shrugged off the bombshell news that his former national security adviser pleaded guilty to lying to the FBI and will cooperate with a special prosecutor probing Russian election meddling.As the Russia probe overshadowed a major legislative win, the Senate’s passing of landmark tax cuts, Trump again insisted he and…

Investors save 11% of their salary for retirement – is it enough?

The Schroders Global Investor Study finds that even established investors are not putting away enough for retirement. Europeans are saving the least.Non-retired Investors globally, are saving an average 11.4% of their salary specifically for retirement, a major new study has found.However, the research, which covered 30 countries, also found two-thirds (66%) of retired investors wished…

Facebook opens new London hub, creating 800 jobs

Social media titan Facebook will open a new office in London on Monday that is set to be its biggest engineering hub outside America, the company has announced.The investment in the office, near Oxford Street in the heart of the city’s West End district, will also lead to the creation of 800 jobs, more than…

2018 Big Issues

BIG ISSUES OF 2018 • US President Donald Trump• How long will inflation stay low?• The disconnect between jobs and wages• Housing: Hard landing or soft landing?• Infrastructure• The economic benefit of lower taxes• Consumer debt• The ‘slowdown’ of the Chinese economyThe Big Issues of 2018For the past 16 years we have produced “The Big…

Australia competition inquiry targets Facebook, Google

Digital platforms like Facebook and Google will be at the centre of an Australian inquiry announced Monday examining their impact on competition in media and advertising markets.Like elsewhere in the world, traditional sources of circulation and advertising revenues have been drying up for Australian media groups, under siege from the powerful pairing.Local providers can no…

CommSec Daily Report Monday

Latest NewsLocal shares started the new trading week in a tentative manner before slowly building over the first hours of trade to be ahead by 10 points at the best level of the morning having started trade with a 4 point gain. Sector performances saw the Telecoms lead the gains over the morning, followed by…

ASX response to US lead uncertain

It’s unclear just how well the Australian share market will respond to the passing of a significant tax reform bill in the US Senate when trade resumes on Monday. CommSec chief economist Craig James says he expects the local market to start the week higher, with the benchmark S&P/ASX200 up by between 15 and 20…

Flynn pleads guilty to lying on Russia

Former US national security adviser Michael Flynn has pleaded guilty to lying to the FBI about his contacts with Russia and agreed to cooperate with prosecutors delving into the actions of US President Donald Trump’s inner circle before he took office. Friday’s dramatic turn of events also raised new questions about whether Trump’s son-in-law, Jared…

Flynn, Kushner targeted several states

Former US National Security Adviser Michael Flynn has admitted that he asked Russia to delay a UN vote seen as damaging to Israel, but diplomats say it was not the only country he and presidential adviser Jared Kushner lobbied. In the hours before the vote by the 15-member United Nations Security Council on December 23,…