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  • Editor’s Picks / 1 hour ago

    The days of Apple's amazing profits may be over

    The S&P 500's profit margin growth over the past five years has been driven largely by tech, and one name in particular: Apple. Unfortunately for the market and for Apple, the days of exceptional expansion may be over, writes Stephanie Yang. According to David Kostin of Goldman Sachs many of the margin expansion drivers during the past few decades appear to be behind us, including lower interest rates, lower taxes, a switch from manufacturing to services and technological innovations.
    Read article on CNBC
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  • Editor’s Picks / 1 hour ago

    Volkswagen releases emissions fix for diesel cars

    Embattled carmaker Volkswagen has released a fix for its diesel cars that will bring their emissions in line with European clean air standards, reports CNBC. The procedure involces a software update as well as the installation of a physical component. According to CNBC, about 8.5 million vehicles will require the repair. Ferdinand Dudenhöffer, a professor at the University of Duisburg-Essen, estimated the recalls in Europe will cost $532 million – a mere fraction of the €6.7 billion the company has set aside to cover the scandal. VW shares are currently trading at €136.10 in Frankfurt.
    Read article on CNBC
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  • Article / 2 hours ago

    From the Floor: Turkish lira woes reveal tensions

    Saxo Bank
    From the Floor: Turkish lira woes reveal tensions
    Asian markets were mixed and mildly positive overnight, but nervousness over the standoff between Russia and Turkey after the downing this week of a Russian aircraft was reflected in a sharp drop in the Turkish lira after Turkey's government released documents which omitted the word "independent" from a description of the central bank.
    Read the article
  • Trade view / 2 hours ago
    Strategic trade

    #SaxoStrats. UPDATE: Closing call options on China Unicom

    Asia Macro Strategist / Saxo Capital Markets
    We are closing out our trade idea on being long China Unicom shares (762 HK), as the stock has not really gone anywhere & the expected event news on the new leasing agreements has still not materialized

    We recoup 76% of the premium spent here, as we receive 0.55 to close the call vs. the 0.72 paid to enter the trade. A -23% drawdown.
    Read the Trade View
  • Calendar event / 3 hours ago

    SE Foreign trade

    Low Trade Balance-NSA (SEK)
    Low Net Exports-NSA (SEK)
    Low Net Imports-NSA (SEK)
  • 1h
    Martin O'Rourke Martin O'Rourke
    EURUSD is firmly entrenched towards the lower end of a 1.0605-15 range this morning. Graph courtesy of SaxoTraderGO