Ric Spooner - CMC Markets

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Last quote by Ric Spooner

The U.S. profit reporting season looks likely to be a key market driver over the next couple of weeks. Full valuations suggest that the market is yet again going into this reporting season anticipating results to outperform consensus analyst expectations.feedback
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Jul 14 2017
We can learn a lot about a person if we know what types of things he or she talks about or comments on the most frequently. There are numerous topics with which Ric Spooner is associated, including U.S., Donald Trump, and risk. Most recently, Ric Spooner has been quoted saying: “International markets continued to adjust for a 2018 outlook where other central banks join the Fed in gradually reducing monetary stimulus.” in the article Dollar sulks as global central banks turn hawkish, stocks drop.
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Ric Spooner quotes

Feb 28 2017

Markets are hungry for detail on the new Administration's economic policy but at the end of the day will probably be prepared to settle for a confident outlining of the general agenda at this stage.feedback

Feb 23 2017

Markets are reacting to the risk of delay in fiscal stimulus and unwinding some of the recent optimism that followed President Trump's phenomenal tax package remarks.feedback

Feb 21 2017 - French politics

U.S. stock markets are currently a great example of the old trading adage that the trend is your friend.feedback

Feb 17 2017

A soft lead from U.S. markets and slightly weaker base metals prices suggest that the local market will take a wait-and-see attitude in early trade this morning.feedback

Feb 07 2017 - OPEC

This reflects the near term reality that, despite OPEC production cuts, it will take some time for the world's large oil inventories to be reduced. This makes the oil price vulnerable to a short term decline below $50.feedback

Feb 01 2017

We do have support from mining stocks. The second thing supporting the mining sector is further upgrades for Fortescue Metals.feedback

Jan 30 2017 - Toshiba

Newcrest Mining had a solid production report this morning, which leave it on track to achieve production guidance for the current financial year.feedback

Jan 27 2017

U.S. stock markets tend to be a sentiment leader for world markets and in what's become a familiar pattern over recent years, the quarterly profit reporting season is supporting that sentiment. Around a third of companies in the S&P 500 index have now reported and overall earnings are ahead of consensus forecasts.feedback

Jan 24 2017 - Samsung

Unwinding free trade agreements and imposing border taxes is seen by markets as a negative for the dollar, which is not being helped by statements from the U.S. Treasury Secretary about it being overvalued.feedback

Jan 20 2017

Market reaction is also likely to be muted with traders in risk averse mode prior to the Trump (inauguration) speech.feedback

Jan 16 2017

We saw good profit results from big U.S. banks on Friday, which helped the Australian bank stocks.feedback

Jan 03 2017 - OPEC

The most likely scenario is OPEC and non-OPEC member countries will be committed to the deal, especially in early stages.feedback

Dec 22 2016 - OPEC

We're pretty close to the closing level - it'll be interesting to see if the upward momentum is maintained as the Europe and U.S. sessions open up. It is a safe assumption particularly in the early stages that OPEC and non-OPEC producers will abide by the agreement to curb output.feedback

Dec 19 2016

It (the Fitch rating affirmation) is probably going to give a minor confidence boost to the markets. I guess they (investors) would be looking out for what Moody's and S&P have to say.feedback

Dec 16 2016

World markets continue to adjust to an outlook for higher U.S. interest rates and increased inflation risk boosted by major U.S. tax cuts.feedback

Dec 12 2016 - OPEC

Investors who have been overweight cash and fixed interest are continuing to push stocks higher as confidence builds.feedback

Dec 11 2016 - OPEC

The question of whether the production agreements are adhered to is one for the future. At this stage the safe assumption is that they will be, especially in the first few months.feedback

Dec 09 2016

The bottom line for markets is that (the stimulus) will continue at a substantial rate for another 12 months with the possibility of being increased if conditions deteriorate.feedback

Dec 09 2016 - Macau

The Chinese government has been very consistent about this and continues to do things aimed at limiting the problems of corruption, and that suggests that the lower levels of demand seen in Macau are fairly permanent.feedback

Dec 08 2016

I believe we are in a situation where we appear to be developing a bit of year-end optimism, wherein markets sort of react to anything positive.feedback

Dec 02 2016

A weak lead from U.S. markets, Italy's referendum and tonight's release of U.S. jobs data all provide reasons for the stock market to close the week in cautious, wait-and-see mode.feedback

Dec 02 2016

Support for energy stocks may carry through today as oil prices continue to rise in response to OPEC's production agreement.feedback

Dec 02 2016 - OPEC

WTI has arrived at the peaks from the middle of last year and again in October.feedback

Dec 02 2016 - OPEC

This is positive news that will make a sustainable difference to the oil market over the coming months.feedback

Nov 29 2016 - OPEC

The oil market is unlikely to be impressed by any token, face saving agreement from OPEC largely based on production freezes.feedback

Nov 29 2016 - OPEC

The "substantial increase in OPEC production over recent months will leave the market in a surplus position for some time unless it can agree on significant and sustainable production cuts.feedback

Nov 28 2016

We may be just seeing profit taking, even though we saw gains in iron ore, copper prices on Friday. Some of the investors are taking a wait-and-see attitude to whether the recent gains are really going to sustain.feedback

Nov 24 2016 - Thanksgiving

Brent oil is parked just below $50 as traders wait on the outcome of the OPEC meeting. This sets oil up for a significant move next week depending on whether or not OPEC achieves an agreement on meaningful production cuts.feedback

Nov 24 2016 - Thanksgiving

The question for traders today will be whether buyers are prepared to act independently of a lead from U.S. markets.feedback

Nov 20 2016

An issue for markets this week will be whether the sell-off in bonds is going to continue after another lift in U.S. yields on Friday.feedback

Nov 20 2016

Donald Trump's economic policies remain the number one consideration for world markets. Investors are trying to strike the right balance between positioning for a major dose of US fiscal stimulus and not getting too far committed, given the uncertainty surrounding what policies the new Trump Administration will actually implement.feedback

Nov 14 2016

Rising long term interest rates will provide share markets with another reason for caution.feedback

Nov 08 2016

Like Brexit, the rally over the last two days increases the downside potential if Donald Trump does win the election.feedback

Nov 08 2016

The markets see greater chances of Clinton winning the election but there is no certainty, and if Trump wins there would be a big risk- off move.feedback

Nov 07 2016

Markets are likely to remove some of the risk premium taken as a precaution against a (Donald) Trump victory now that Hilary Clinton will not be charged over her use of a private email server. However, an element of uncertainty remains over this election. It seems unlikely that markets will make a full 'risk on' move until Clinton is declared the winner.feedback

Nov 06 2016

Markets are likely to remove some of the risk premium taken as a precaution against a Trump victory now that Hilary Clinton will not be charged over her use of a private email server.feedback

Nov 04 2016

There remains scope for a significant sell-off if Trump wins.feedback

Nov 04 2016

Markets are currently attempting to strike the right balance between the greater probability of a Clinton win and the possibility of a significant sell-off on a Trump victory.feedback

Nov 04 2016

The U.S. election will again be the main driver of where the stock market opens this morning.feedback

Nov 03 2016 - Nigeria

The market is always a little sensitive to (news about supply disruptions).feedback

Nov 02 2016

It was always likely that investors were going to be cautious in the lead up to next week's U.S. election. However, with polls suggesting that Donald Trump's prospects are improving that caution is translating into nervousness.feedback

Nov 02 2016

Even if the Fed does signal an inclination to lift rates in December, markets will take the view that this is unlikely if a Trump victory leads to uncertainty and a surge in financial market volatility. This view was played out in markets last night with the US dollar falling sharply and gold rallying.feedback

Oct 31 2016

I don't think markets are assuming that Donald Trump will win the election but the news about the emails just got the market a bit nervous.feedback

Oct 30 2016

There seems little doubt that a Trump victory would trigger selling in stock markets from current levels.feedback

Oct 21 2016

The European Central Bank removed a source of immediate risk for traders by revealing that it did not discuss tapering its QE program at this month's meeting. Decisions are being deferred until December pending the outcome of research - meaning that meeting will be a key focus for markets.feedback

Oct 12 2016

Stock markets are becoming nervous about the prospect of rising interest rates against a background of moderate profit growth and relatively high valuations, particularly in the U.S.feedback

Oct 09 2016

If your view is that this is a good enough scenario to allow the Fed to lift rates again this year, there was nothing in Friday's data to change that position.feedback

Oct 05 2016

This is reflected by bond yields rising and gold crashing.feedback

Sep 19 2016

Trading ranges on international markets have narrowed over the past couple of sessions. Markets appear to have arrived at a level that reflects the consensus view of the balance between risk and reward.feedback

Sep 16 2016

It (the climb in Australian markets) provides pretty clear evidence, if that was needed, that next week's central bank meetings, particularly the Fed meeting, are dominating the short-term market thinking.feedback

Sep 14 2016

Markets have long contemplated the day when the global bond sell-off begins and creates a knock-on impact on share and property valuations.feedback

Sep 13 2016

People are seeing that rally we had on a very big decline in (U.S.) inventories last week is a bit of a selling opportunity.feedback

Sep 02 2016

Downward momentum is a feature of the oil market.feedback

Aug 31 2016

The potential for the Fed to gradually lead international central banks out of the current stimulus phase is making investors wary about pushing stocks up to higher valuations.feedback

Jul 27 2016

My view is that oil prices will find a low between $39 and $42 per barrel over the coming weeks. After that, however, we are coming closer to seeing a balanced market again. $50-$60 a barrel would represent such supply and demand balance.feedback

Jul 27 2016

We seem to be possibly seeing a little bit of a buy-the-rumour, sell-the-fact reaction to the inflation data.feedback

Jul 27 2016

My view is that oil prices will find a low between $39 and $42 per barrel over the coming weeks due to headwinds. After that, however, we are coming closer to seeing a balanced market again. $50-60 per barrel would represent such a supply and demand balance.feedback

Jul 18 2016 - Netflix

The market has put two and two together after release of the more detailed (Reserve Bank of Australia) minutes and concluded that the probability of an August rate cut has increased.feedback

Jul 18 2016

The market is looking past the coup. There is no disruption to shipping. There is nothing in terms of short-term risk (to oil supply).feedback

Jul 18 2016

There was another set of strong retail sales data (on Friday) - U.S. GDP numbers have done pretty well in the second quarter.feedback

Jul 13 2016

We do see a bit of counter-cyclical trade going on in the Asia time zone. Gold is a little higher, equity markets are strong, but not as strong previously, the dollar is up.feedback

Jul 13 2016

The market is concerned about the momentum in oil prices and whether that will be maintained or not.feedback

Jul 13 2016

Yesterday's API data might be making traders a bit nervous ahead of official U.S. stocks data today.feedback

Jul 06 2016

The market is beginning to focus on the wider euro zone risk.feedback

Jun 29 2016

Stock markets may find it difficult to return immediately to the levels seen before last week's vote with buyers being wary about being too aggressive in what may yet be just another volatile swing.feedback

Jun 28 2016

Despite the likelihood of a good session this morning, it's likely that markets will leave a Brexit risk factor in pricing for a while yet.feedback

Jun 15 2016

The broad picture at the moment is that oil is being swept up in a broad risk off move associated with Brexit primarily.feedback

Jun 15 2016 - Federal Reserve

Markets will be focused on the Fed's dot plot (summary of economic projections) and what Janet Yellen has to say about the timing of the next rate hike. However, this may become irrelevant if Britain does vote for Brexit and markets react negatively into July.feedback

Jun 09 2016

The market has a number of potential risk events before it. Chief among these is the Brexit vote on 23 June. Now only two weeks away, the Brexit vote is likely to impact trader behavior in the broader risk markets like equities and commodities.feedback

May 26 2016

Certainly ($50) is a psychological barrier. There is a momentum, people will try and push it up over that.feedback

Mar 07 2012

China's comments are a timely reminder that the Chinese and Asian economies are still growing strongly. Even though China's target growth rates are down for this year, it's still growing and that means more energy needs overall.feedback

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