IBトレーダーズ・インサイト

最新ビデオをご覧くださいビデオを見る

1 2 3 4 5 2 1941


株式

Edison - UK Sparks: Reckitt Benckiser Profits Advance 11%


Reckitt Benckiser chief executive Rakesh Kapoor has posted his final set of full-year results, showing an 11% increase in reported operating profits to £3.05bn on net revenues up 10% at £12.6bn. Fourth-quarter sales grew by 2%, to £3.3bn, and the group says it expects like-for-like growth in net revenues of between 3%-4% in 2019.

Mr Kapoor announced last month that he plans to step down by the end of this year. He says 2018 was a year of “good financial progress,” achieved in an environment of “significant change within the company and challenging market conditions”.

JD Sports Fashion has announced that it has acquired 8.68 million shares in Footasylum, representing 8.3% of the shoe retailer’s shares. The group says the purchase is for “investment purposes”. It says it is prepared to buy further shares up to a holding of 29.9%, but is not intending to make a takeover offer for the company.

Educational publishing group Pearson has sold its K12 courseware business in the US to Nexus Capital Management for $250m. The group says the disposal is “an important part” of continuing efforts to become a “simpler and more efficient company, focused on fewer, bigger opportunities that contribute towards growth and digital transformation”.

Soft drinks bottling company CocaCola HBC is buying Bambi, a Serbian confectionery group, for €260m, from funds advised by Mid Europa Partners. Bambi manufactures a range of products including biscuits, wafers and savoury snacks.

The acquisition is expected to complete in the second quarter of this year.

Spirax-Sarco Engineering says it has entered into exclusive negotiations with a view to acquiring French electrical thermal solutions manufacturer Thermocoax Developpement for €158m from Chequers Capital, TCR Capital and other shareholders.

Petra Diamonds has appointed former AngloGold Ashanti finance director Richard Duffy as its new chief executive. Separately, it has announced a trimming of interim net losses from $118m to $57.9m, on revenues up from $192m to $207m.

Finally, construction group Galliford Try has announced it has completed the final part of the western peripheral bypass of Aberdeen. The group has also signed a £275m development agreement with Ealing Borough Council to deliver 470 new homes alongside a new council headquarters building, library, customer services centre and retail premises.

Andrew Cave

---

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.  Visit www.edisoninvestmentresearch.com for more information.

Edison is authorised and regulated by the Financial Conduct Authority. Our research is a marketing communication as defined by the FCA, this communication only contains information that is an acceptable minor non-monetary benefit as defined under COBS2.3A19(5).

Information posted on IBKR Traders’ Insight that is provided by third-parties and not by Interactive Brokers does NOT constitute a recommendation by Interactive Brokers that you should contract for the services of that third party. Third-party participants who contribute to IBKR Traders’ Insight are independent of Interactive Brokers and Interactive Brokers does not make any representations or warranties concerning the services offered their past or future performance, or the accuracy of the information provided by the third party. Past performance is no guarantee of future results.

This material is from Edison and is being posted with Edison’s permission. The views expressed in this material are solely those of the author and/or Edison and IBKR is not endorsing or recommending any investment or trading discussed in the material. This material is for information only and is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security. To the extent that this material discusses general market activity, industry or sector trends or other broad-based economic or political conditions, it should not be construed as research or investment advice. To the extent that it includes references to specific securities, commodities, currencies, or other instruments, those references do not constitute a recommendation by IB to buy, sell or hold such security. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.


22788




Macro

GUOSEN Closing Bell (February 18)


MARKET

Stocks rose in China to the highest level since August amid optimistic signs on the global economy and trade discussions. Trump said a big progress in trade talk had been made. Electronic Component and Non-bank Financial sectors led the gains, while no sector fell. Combined turnover for both markets was CNY 546 bn, up 30.8% dod.

 

 

Close

% Change

Vol (bn CNY)

%YTD

Shanghai

2754.36

2.68

224.18

10.44

Shenzhen

8446.92

3.95

323.52

16.67

CSI 300

3445.74

3.21

180.45

14.45

ChiNext

1413.60

4.11

91.22

13.04

 

Sector

Top 1

Led by

Top 2

Led by

Upward-leading

Electronic Component

600525

Non-bank Financial

000563

Downward-leading

 

 

 

 

 

NEWS

*Chinese police have frozen about 10 billion yuan ($1.5 billion) of assets across more than 380 peer-to-peer lenders in an escalated investigation into illicit financing. Codenamed ‘Fox Hunt,’ the operation spanned 16 countries and regions including Thailand and Cambodia and led to the arrests of 62 suspects implicated in Chinese P2P frauds since June, China’s Ministry of Public Security said in a statement on Sunday. It didn’t disclose more details but said police is still recouping losses. (Caixin)

 

FUND FLOW

 

Click here for more information about Guosen.

This article is from Guosen Securities Co., Ltd. and is being posted with Guosen Securities Co., Ltd.’s permission. The views expressed in this article are solely those of the author and/or Guosen Securities Co., Ltd. and IB is not endorsing or recommending any investment or trading discussed in the article. This material is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security. To the extent that this material discusses general market activity, industry or sector trends or other broad based economic or political conditions, it should not be construed as research or investment advice. To the extent that it includes references to specific securities, commodities, currencies, or other instruments, those references do not constitute a recommendation to buy, sell or hold such security. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.


22787




Macro

Eurex: All About Trade


Morning Briefing February 18th 2018

With U.S. markets closed to mark Presidents' Day and no data scheduled on the European calendar, Monday looks like being a long day for those watching the Europe and UK markets.

Data picks up slowly as U.S. markets return from the extended holiday weekend, data highlights for the week ahead include Durable Goods, Leading Indicators and Existing Home Sales, all released Thursday.

Event highlights include the release of FOMC minutes from the January 29-30 FOMC on Wednesday and the Fed policy REPORT to Congress ahead the February 26 semiannual testimony by Chairman Powell (testimony to the House the following day).

In the UK, the main two data releases come Tuesday and Thursday.

Kicking off the official data is December labour data and earnings data on Tuesday at 0930GMT. Earnings cemented further strength in November, with the headline rate growing by 3.4% 3M Y/Y and core earnings by 3.3% 3M Y/Y. The recent strength has meant a solidifying of positive real earnings- especially with inflation moderating further. Unemployment has matched up with this rhetoric with the unemployment reading in the three months to November at 4.0%- the joint-lowest series reading.

Thursday sees the January public sector finances data at 0930GMT. In recent months, the public sector net borrowing ex-banks has been creeping upward leading to current YTD borrowing above the 2018/2019 forecast from the OBR. in December, net borrowing ex banks was stg2.976 bn. However, January and February tends to see budget surpluses due to the inflow of tax receipts. This should help the Chancellor in his quest to find room for more spending as the UK economy moves back in line with the OBR's forecast.

Global Economic Trading Calendar

Markets

US TSYS: Trade in the space has been extremely limited, with cash markets closed for a national holiday, and futures set to follow an adjusted schedule/settlement period on Monday as a result.

BUNDS: German fixed income futures have stuck to very tight ranges in early Asia-Pacific trade, operating on low volume. - Friday saw ECB's Coeure note that the econ "slowdown is stronger and broader than expected" & that the "inflation path will be shallower," as he flagged the potential for fresh TLTROs. Elsewhere, ECB's Villeroy spoke over the weekend and echoed Coeure by noting that the EZ econ slowdown is "significant", which may force the ECB to change its policy guidance if it proves to be more than temporary. ECB's Rehn also spoke over the weekend and noted that the Bank "has all of its instruments available" if the slowdown becomes exacerbated.

JGBS: The Tokyo morning provided another tight session for JGB futures, with little in the way of news flow apparent outside of the BoJ leaving the size of its 1-5 & 10-25+ Year JGB Rinban operations unchanged. - Offer to cover ratios of the operations were as follows: - 1-3 Year 2.75x (prev. 2.73x), 3-5 Year 2.92x (prev. 1.32x), 10-25 Year 2.60x (prev. 3.94x), 25+ Year 4.71x (prev. 3.60x) - Futures have tested familiar resistance levels again. - Yields trade unchanged to a touch lower across the curve. - The Nikkei 225 finished the morning session 1.8% higher in the wake of a positive session for U.S. equity indices on Friday, with the JPY modestly underperforming among G10 FX.

AUSSIE BONDS: Little in the way of activity in the space thus far, with bond futures sticking to tight ranges after they followed Tsys lower during Friday's SYCOM session. - The U.S. holiday/broader lack of headline developments will of course be hampering price action. - The latest auction of a fairly illiquid, longer dated bond didn't see particularly strong take up, and likely came about on the back of a dealer request to boost liquidity. - Worth highlighting that WATC has launched its 2029 bond, set to price tomorrow.

STOCKS: The major regional benchmark equity indices trade higher, benefitting from a surge on Wall St. back on Friday after the Asia-Pacific region struggled in the final trading session of last week. - Optimism surrounding "progress" in the latest round of China-U.S. trade talks, which has resulted in further talks in Washington this week, and record Chinese bank lending via new loans in the month of January has supported sentiment early this week. - U.S. equity index futures trade a touch higher at writing, with the cash equivalents closed for a national holiday.

OIL: A softer USD & positive risk tone allowed WTI to briefly top $56.00 in early Asia-Pacific trade, with WTI last $0.20 higher and Brent $0.10 worse off at writing. - U.S.-China trade talk & OPEC+ production pact optimism have aided demand for crude. - Friday saw Saudi Arabia reveal that it has halted output at its largest offshore oil field to repair a damaged power cable.

GOLD: A marginally lower USD has supported gold in early trade this week, with the yellow metal last $2.00/oz higher at ~$1,325/oz. - This comes after soft U.S. industrial production pushed the DXY lower on Friday, supporting the yellow metal in the process.

FOREX: Today's Asia-Pac session was particularly data- and news-light, but saw some modest risk-on flows. The yen underperformed as a result, while Japanese equities posted gains, with the Nikkei 225 trading ~1.9% higher at writing. - USD was also relatively weak, with the DXY 16 pips worse off at writing. - Kiwi was relatively strong, seemingly aided by broader risk appetite, as well as a strong NZ services PMI print. AUD lagged its Antipodean cousin. - EUR crosses were flat after ECB's Villeroy & Rehn spoke over the weekend, touching upon the EZ economic slowdown. Villeroy noted that the EZ econ slowdown is "significant", which may force the ECB to change its policy guidance if it proves to be more than temporary, while Rehn said that the Bank "has all of its instruments available" if the slowdown becomes exacerbated. - Worth mentioning G10 crosses have stuck to tight ranges amidst thin holiday liquidity.

Technical Analysis

BUND TECHS: (H19) FEB 8 HIGHS REMAIN THE UPSIDE TARGET

Bund futures remain within touching distance of the Feb 8 high at 166.83. Above here would bring the channel top at 167.00 into focus ahead of a run at the Sep 2016 high at 168.42 on the continuation chart. Bears target the 21-dma at 165.58, a break below here would suggest a downside reversal towards the Jan 18 low at 163.84 ahead of the Dec 27 low at 163.15.

EUROSTOXX50: BULLISH BREAK

Eurostoxx broke to fresh ytd highs on Friday which now puts the focus on the Sep 7 low at 3274.40. A close above here would suggest a return to the 200-dma. Bears need to close below the 21-dma to bring the 3100 pivot area into focus. Below here would suggest a bearish reversal towards the Dec 27 low at 2908.70.

Eurex Futures Market Close

Eurex. An exchange for the better.

As one of the world’s leading derivatives exchanges we offer a broad range of international benchmark products.

For example, we operate one of the most liquid fixed income markets, provide the broadest range of equity index derivatives worldwide and are the platform of choice for European equity derivatives. In addition we cover derivatives on dividends, volatility and ETFs. All on one single platform.

Innovative and reliable technology supplies about 400 participants and 7,500 traders in 35 countries with access to more than 2,000 products across nine traditional and alternative asset classes.

For further information please visit www.eurexchange.com

MNI

MNI subscribers make critical decisions with deeper insight and greater confidence. Pinpoint information and market-moving interviews let them react instantly to market changes and more importantly, anticipate future market moves. MNI reporters are market professionals in the news business. They work like journalists but think like traders. When interviewing Fed officials, our reporters ask the same questions you would ask. They cover the angles you would cover. Write the way you read.

MNI’s news services are now available via the IB Trader platform. Please click here to view our provider page or contact MNI directly on sales@mni-news.com or +1 212 669 6400 for our Americas sales team and +44 207 862 7408 for our EMEA sales team.

This article is from Eurex Exchange and is being posted with Eurex Exchange’s permission. The views expressed in this article are solely those of the author and/or Eurex Exchange and IB is not endorsing or recommending any investment or trading discussed in the article. This material is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security. To the extent that this material discusses general market activity, industry or sector trends or other broad based economic or political conditions, it should not be construed as research or investment advice. To the extent that it includes references to specific securities, commodities, currencies, or other instruments, those references do not constitute a recommendation to buy, sell or hold such security. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.


22786




Technical Analysis

Tradable Patterns - Corn (ZC) Testing Weekly Chart Triangle Support


Corn (ZC) formed a Doji Friday after the slide on Thursday, closing at a critical juncture ahead of the US President's Day holiday.  When ZC re-opens at 8pm EST today, it'll be interesting to see whether triangle support (on the weekly chart) holds.  The weekly chart triangle is near completion, and will in the next week or so be prone to a number of fakeouts either below triangle support or above triangle resistance as is often seen near the end of symmetrical triangles.  With the US and China still fairly far apart in agreeing on the terms to a trade deal, odds suggest at least another few weeks of ZC consolidating within the daily and weekly chart triangles especially given the current March 1st deadline for a trade deal.  The weekly MACD is trying to negatively cross, but as with other situations where conflicting bottomish signals appear elsewhere, may be setting a bear trap.  I will remain flat and will prepare to go long on a decisive break above the weekly chart triangle resistance.

Click here for today's technical analysis on Soybean, AUDUSD

 

As seen on Bloomberg, Refinitiv (Thomson Reuters), Factset, Interactive Brokers, Inside Futures, Amazon, Liquid (Quoine) and Zerohedge, Tradable Patterns was launched to demonstrate that the patterns recurring in liquid futures, spot FX and cryptocurrency markets can be analyzed to enhance trading performance. Tradable Patterns’ daily newsletter provides technical analysis on a subset of three CME/ICE/ (commodities and equity indices) and spot FX markets, which it considers worth monitoring for the day/week for trend reversal or continuation. Crypto Weekly Outlook offers technical analysis on Bitcoin (BTCUSD), Ethereum (ETHUSD) and Ripple (XRPUSD) and attempts to provide clues as to what might happen in the coming week.  For less experienced traders, tutorials and workshops are offered online and throughout Southeast Asia.

Futures are not suitable for all investors. The amount you may lose may be greater than your initial investment. Before trading futures, please read the CFTC Risk Disclosure. A copy and additional information are available at ibkr.com

Information posted on IBKR Traders’ Insight that is provided by third-parties and not by Interactive Brokers does NOT constitute a recommendation by Interactive Brokers that you should contract for the services of that third party. Third-party participants who contribute to IBKR Traders’ Insight are independent of Interactive Brokers and Interactive Brokers does not make any representations or warranties concerning the services offered, their past or future performance, or the accuracy of the information provided by the third party. Past performance is no guarantee of future results.

This article is from Tradable Patterns and is being posted with Tradable Patterns’ permission. The views expressed in this article are solely those of the author and/or Tradable Patterns and IB is not endorsing or recommending any investment or trading discussed in the article. This material is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security. To the extent that this material discusses general market activity, industry or sector trends or other broad based economic or political conditions, it should not be construed as research or investment advice. To the extent that it includes references to specific securities, commodities, currencies, or other instruments, those references do not constitute a recommendation to buy, sell or hold such security. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.

 


22785




Macro

Interactive Brokers - The U.S. Week Ahead (Feb 18-22), Back to the Wall


Although economic releases on the U.S. calendar in the week ahead will be rather light amid the observance Monday in honor of Presidents' Day there will still be several salient data points and corporate events on tap.
 
Monday, February 18
  • Federal Holiday
 
Most government offices, courts and banks will be closed Monday in honor of Presidents' Day. 
Market participants may take this time to reflect on the progress of the current U.S. administration, amid on-going trade negotiations with China, President Donald Trump’s declaration of a national emergency to secure funding for border security, as well as the wind-down of earnings season as retailers get set to announce their results following December’s worst retail sales report in nearly a decade.
 
Briefing.com’s chief market analyst Patrick O’Hare noted that the “worst retail sales report in nearly ten years triggered a decline in the S&P 500 of exactly 7.3 points, or 0.27%.  In other words, that report did almost nothing to upset a market that has surged nearly 400 points, or 16.8%, since its low on December 24.”
 
 
O’Hare said that the market is “enjoying an out-of-body experience right now, where it floats above weak data and downward earnings revisions, supported by reports that the U.S. and China are making progress toward a trade agreement -- or at least progress toward an agreement not to make things worse -- and that the Federal Reserve is progressing toward a more dovish-minded policy stance.”
 
He described the behavior as “a meditative practice that has been a calming influence following the volatility of the fourth quarter, yet the duration of the meditative period makes one wonder just how long it can last.”
 
Tuesday, February 19
  • NAHB Housing Market Index (Feb)
 
The week kicks off in earnest Tuesday with an update on the NAHB/Wells Fargo National and Regional HMI, after January’s data ticked up to 58 from 56 in the prior month – and came in stronger-than-expected. 
 
The latest gauge generally suggested some strengthening in the housing sector following a bout of downbeat sales and construction data, which had signaled a slowdown throughout the fourth quarter of 2018.
 
 
Wednesday, February 20
  • MBA Mortgage Applications
  • Redbook
  • API Crude Oil Stocks
 
Meanwhile, investors will receive mid-week weekly reports on mortgage applications from the Mortgage Bankers Association (MBA), retail sales trends from the Johnson Redbook Index, and regional crude inventories from the American Petroleum Institute (API).
 
Although the cost of crude had been on a steep downward trajectory in the fourth quarter of 2018, it has reversed course somewhat, amid U.S. sanctions on Iran, Venezuelan volatility, as well as supply cuts.
 
Russian Energy Minister Alexander Novak said in late December that oil prices could stabilize in the first half of 2019, following joint efforts by the Organization of the Petroleum Exporting Countries (OPEC) and Russia-led non-OPEC producers to curtail supply. The international oil producing consortiums agreed earlier in December to cut their combined crude output by 1.2 million barrels per day from January.
 
 
 
The cost of crude had bottomed around the time of Novak’s remarks at around US$42.97, according to the IBKR Trader Workstation (TWS). The commodity has since risen about 28.7% from that level but remains around 27.5% off its 52-week high of US$76.25 set in early October.
 
Blue Line Futures president Bill Baruch noted that crude oil “does not seem that it wants to move lower and now we are embarking on a more seasonally bullish time of year. Furthermore, strong technical support has defended what we had believed to be equally strong waves of selling.” 
 
Baruch continued that given Saudi Arabia will reduce production in March and further reduce exports to the U.S., “we imagine that the one-two combination from this and a higher demand season” that crude oil “has the gas to run to $60 over the next couple months.”
 
The active crude oil futures contract was last trading at a little above US$55.30 intraday Friday, a rise of roughly 1.6% on the day. 
 
 
Thursday, February 21
  • Initial Jobless Claims
  • Durable Goods (Dec)
  • Markit Manufacturing PMI (Flash – Feb)
  • Markit Services PMI (Flash – Feb)
  • Existing Home Sales
  • EIA Crude Oil Stocks
 
Elsewhere, economic updates are set to shift into higher gear Thursday, including reports on weekly jobless claims, durable goods for December, flash readings of manufacturing and services PMIs from IHS Markit, existing home sales data, as well as petroleum inventories from the Energy Information Administration (EIA).
 
On the manufacturing front, IHS Markit said it observed overall improvements in operating conditions across the sector in January, buttressed by faster expansions in output and new orders. Domestic demand had driven new business growth, as new export orders rose only slightly and at the weakest rate since last October. 
 
 
 
The seasonally adjusted IHS Markit final U.S. Manufacturing Purchasing Managers’ Index (PMI) posted 54.9 in January, up from 53.8 in December. The increase had signaled strong and faster improvement in the overall health of the sector and was above the long-run series average.
 
Chris Williamson, chief business economist at IHS Markit, said that the “upturn in business activity in January helped lift confidence in the outlook, though many companies clearly remain concerned about the impact of trade wars and rising protectionism.” 
 
Williamson continued that domestic markets “provided the main source of new work for manufacturers, offsetting a near-stalling of export trade, the latter linked to subdued demand for US goods in foreign markets. 
 
“Although higher than December, the overall rise in new orders was the second-lowest since last August, hinting at a slight cooling of demand growth in recent months which served to keep the headline PMI below the average recorded last year.”
 
 
Friday, February 22
  • Baker Hughes Oil Rig Count
 
Investors focusing on oil will be looking to the Baker Hughes Rig Count for further color on the drilling industry and its suppliers. 
 
The prior count on February 8 saw a pick-up of 4 rigs for a total of 1,049 in the U.S. To date in 2019, rigs have expanded by nearly 75 year-on-year compared to a drop of 85 in Canada and an increase of 63 internationally. 
 
Baker Hughes notes that when drilling rigs are active, they consume products and services produced by the oil service industry. The active rig count acts as a leading indicator of demand for products used in drilling, completing, producing and processing hydrocarbons.
 
 
Corporate Events
Consume, Consume, Consume
 
CAGNY Conference 2019
February 18–22 • Boca Raton, FL
 
Consumer businesses and analysts will descend on Boca Raton, Florida starting Monday, for the Consumer Analyst Group of New York’s (CAGNY) annual conference.
 
The five-day event should prove interesting to those investors paying attention to industry transformations, including U.S.-based alcoholic beverage maker Constellation Brands’ (NYSE:STZ) recent US$4bn investment in Canada’s cannabis producer Canopy Growth (TSX:WEED, NYSE:CGC), as well as Altria’s (NYSE: MO) recent US$11.5bn corporate debt sale to help fuel its US$12.8bn purchase of e-cigarette maker JUUL.
 
Among the long list of attendees, the conference is slated to include Altria, Canopy Growth, Constellation Brands, Procter & Gamble (NYSE: PG), The Coca-Cola Company (NYSE: KO) and Tyson Foods (NYSE: TSN).
 
 
Earnings
 
Walmart (NYSE: WMT) is on the radar Tuesday to announce its fourth quarter earnings results before the market opens.
 
Walmart’s stock has been on the climb recently after plunging from its latest 52-week high in early November 2018. Shares have recovered roughly 15.7% of those losses and stand about 5.35% away from that high.
 
 
In intraday trading action Friday, Walmart’s stock was up around 0.85% to US$99.36.
 
Indeed, as Briefing.com’s O’Hare observed, it appears the dismal December retail sales figures have done little to dampen shareholder sentiment.
 
In the meantime, select the Event Calendar option in the IBKR Trader Workstation for a full list of U.S. and global corporate events and earnings, dividend schedules, economic data, IPOs and more.
 --
The author does not hold any positions in the financial instruments referenced in the materials provided.

The analysis in this material is provided for information only and is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security. To the extent that this material discusses general market activity, industry or sector trends or other broad-based economic or political conditions, it should not be construed as research or investment advice. To the extent that it includes references to specific securities, commodities, currencies, or other instruments, those references do not constitute a recommendation by IBKR to buy, sell or hold such investments. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.


22784




1 2 3 4 5 2 1941

ディスクロージャー

お客様のフィードバックをお待ちしております。IBトレーダーズ・インサイトに関するご質問やコメントなどがございましたらibti@ibkr.comにご連絡ください。

IBトレーダーズ・インサイト上の資料(記事やコメンタリーを含む)は情報提供のみを目的として提供されています。掲示される資料はIBトレーダーズ・インサイトに掲示をする可能性のある独立したアドバイザーまたはヘッジファンドまたはその他の個人とお客様またはお客様のクライアントが、サービスの契約または投資をすることをインタラクティブ・ブローカーズ(IB)が推奨するものではありません。IBトレーダーズ・インサイトに掲示をする可能性のあるアドバイザーまたはヘッジファンドまたはその他のアナリストはIBとは無関係であり、IBはこういったアドバイザーまたはヘッジファンドまたはその他の個人の過去または将来のパフォーマンス、またはその提供する情報に関する表明または保証をすることはありません。インタラクティブ・ブローカーズはアドバイザーまたはヘッジファンドまたはその他の個人による取引がお客様に適格であることを確認する「適正審査」を行うことはありません。

掲示されている資料に記載される有価証券またはその他の金融商品はすべての投資家に適するものではありません。掲示されている資料はお客様特有の投資目的、経済状況またはニーズを考慮するものではなく、また特別な有価証券、金融商品または戦略をお客様に推奨するものではありません。投資または取引をする前に、これがお客様特有の状況に適しているかを熟考し、必要な場合には専門家のアドバイスをお求めください。過去のパフォーマンスは将来の結果を保証するものではありません。

第三者機関より提供される情報はすべて信頼性および正確性のあると思われる情報源より入手していますが、IBではその正確性を保証するものではなく、いかなる過失または不作為に対する責任を負うことはありません。

IBの雇用者または関連会社により掲示される情報は信頼性のあると思われる情報に基づきますが、IBまたは関連会社のいずれもその完全性、正確性または適切性を保証するものではありません。IBはいかなる金融商品の過去または将来のパフォーマンスに関する表明または保証をすることはありません。IBトレーダーズ・インサイトに資料を掲示することにより、IBはいかなる特定の金融商品または取引戦略がお客様に適切であると示すものではありません。