It was another down day in Wall Street, as statements from the FOMC minutes did not reflect the level of unity among policymakers to pause rates as what was initially expected.
Source: Bloomberg
Forex Indices Commodities United States dollar Federal Reserve United
Sip on financial insights as a2 Milk's anticipated FY23 earnings report comes to light. Explore the company's resilient journey, revenue projections, and market dynamics.
Source: Bloomberg
Shares The a2 Milk Company A2 milk Revenue Earnings before interest, taxes, depreciation and amortization International Monetary Fu
Elon Musk puts a stop to X offering its web-based TweetDeck service for free. IG financial analyst @AngelineOng takes a look at what this means for anyone relying on TweetDeck and the future shape of X.
Shares Twitter Elon Musk Tesla, Inc. Meta Platforms Social media
Angeline Ong | Financial Analyst, Presenter and Content Editor, London | Publication date: Wednesday 16 August 2023 19:27
The Chinese yuan is falling as an array of economic indicators released this morning show China, the World's second-largest economy, has slowed further.
Forex China Economy Economy of China Renminbi USD/CNH
Jeremy Naylor | Analyst, London | Publication date: Tuesday 15 August 2023 13:52
Outlook on Brent crude oil, Chicago wheat and orange juice as People’s Bank of China cuts its one-year medium-term lending facility.
Source: Bloomberg
Axel Rudo
Please see the interest rates that are used when IG calculates the overnight funding rate (per annum) on shares and indices. This does not include the IG admin fee. The information provided is an indication as of 14th Aug 2023 and will be published weekly on Mondays.
*** It's important to note that the rates are subject to daily changes and are based on the currency of the underlying market, not the contract currency.
The Week Ahead
Read about upcoming market-moving events and plan your trading week
Week commencing 14 August
Chris Beauchamp's insight
This week sees the release of UK inflation data, along with figures on employment and wages plus monthly re
Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 14th Aug 2023. These are projected dividends and are likely to change. IG cannot be held responsible for any changes made.
Dividends highlighted in red include a special dividend, therefore some or all of the amount will not be adjusted. The amount in brackets is the expected adjustment after special dividends are excluded (where shown on major indices). Dividend adjustments due to be
Please find our expected trading hours for UK Summer Bank Holiday & US Labor Day trading Hours in the table below. [All times BST]:
Monday 28 August 2023
UK Summer Bank Holiday
UK equities, index futures, soft commodities, and interest rates will be closed.
We’ll be making an out-of-hours price on the FTSE 100 until futures re-open at 1 am on Tuesday
Brent Crude and
Your weekly financial calendar for market insights and key economic indicators.
Source: Bloomberg
Forex Indices Shares Commodities United States Consumer price index
Tony Sycamore | Market Analyst, Australia | Publication date: Friday 11 August 2023 08:24
The entertainment company Walt Disney will report fiscal third quarter (Q3) results after the bell tonight.
Shares The Walt Disney Company Streaming media Artificial intelligence Cinema of the United States Chief executive officer
Jeremy Naylor | Analyst, London | Publication date: Wednesday 09 August 2023 12:57
While revenues are expected to rise
Alibaba Group will report its June quarter results on August 10th. This to-be-reported quarter holds immense significance for the company, as two major changes have the potential to usher an entirely new era for BABA.
Source: Bloomberg
Shares Alibaba Group China E-
An initial move higher in Wall Street last Friday eventually faded into the close, as market participants took the opportunity for further profit-taking into the seasonally weaker month of August.
Source: Bloomberg
Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 07th Aug 2023. These are projected dividends and are likely to change. IG cannot be held responsible for any changes made.
Dividends highlighted in red include a special dividend, therefore some or all of the amount will not be adjusted. The amount in brackets is the expected adjustment after special dividends are excluded (where shown on major indices). Dividend adjustments due
The Week Ahead Read about upcoming market-moving events and plan your trading week Week commencing 7th Aug.
Chris Beauchamp's insight
Things finally quieten down this week after the frenetic pace of the past two weeks. US consumer price index (CPI) will be the key event to watch, as price rises continue to moderate from the heady pace of earlier in the year. UK gross domestic product (GDP) for quarter 2 (Q2) will also provide some movement for sterling. On the earnings front, TUI AG (
Please see the interest rates that are used when IG calculates the overnight funding rate (per annum) on shares and indices. This does not include the IG admin fee. The information provided is an indication as of 07th Aug 2023 and will be published weekly on Mondays.
*** It's important to note that the rates are subject to daily changes and are based on the currency of the underlying market, not the contract currency.
Your weekly financial calendar for market insights and key economic indicators.
Source: Bloomberg
Shares United States Consumer price index Inflation Deflation China
Tony Sycamore | Market Analyst, Australia | Publication date: Friday 04 Augus
Fitch’s US rating downgrade highlights concerns surrounding US debt, but is this enough to press the ‘risk off’ button?
Angeline Ong | Financial Analyst, Presenter and Content Editor, London | Publication date: Thursday 03 August 2023 14:47
IG financial analyst @AngelineOng caught up with Shard Capital’s @Bill_Blain to find out why he thinks the US jobs report is the bigger risk event.
As the Bank of England predicts inflation will hit 10.2% later this year, the FTSE 100 offers an excellent selection of defensive stocks.
Source: Bloomberg
Shares Inflation Recession Economy Stock Bank of England
Coinbase’s share price has skyrocketed by an eye-watering 180% this year. With the Q2 quarterly report and the ongoing unsettled with the SEC, the upcoming earnings date is poised to be a major highlight on investors' calendars.
Source: Bloomberg
Shares Coinbase U.S
Asian stocks look set for a subdued open, following a mixed showing in Microsoft and Alphabet’s result releases after-market.
Source: Bloomberg
Indices Shares Federal Reserve Inflation Federal Open Market Committee Central bank
Find below the table that shows the number of days' worth of overnight funding fee you will be charged if you keep a Forex position open on a particular day. The overnight funding fee is the cost of holding a position overnight through 10 PM UK time, and it is charged at the end of each trading day. This fee is calculated based on the size of your position and the interest rate differential between the two currencies involved in the trade plus the IG admin fee.
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