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Facebook Share Price Attempting to Rebound Ahead of Q3 Earnings

WHEN DOES FACEBOOK REPORT EARNINGS? Facebook is set to release its Q3 financial results on 25 October, after the market closes. At the time of writing, expectations are pointing to a 32.1% increase in earnings per share to US$3.17, up from US$2.40 a year ago. FACEBOOK EARNINGS – WHAT TO EXPECT For the upcoming earnings release, the impact of Apple’s anti-tracking initiative on Facebook’s businesses will be closely assessed, as the management has previously cautioned of a larger im

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HSBC rides out China property storm with 74% profit jump, $2 bln buyback

HSBC rides out China property storm with 74% profit jump, $2 bln buyback   SINGAPORE/LONDON, Oct 25 (Reuters) - HSBC (HSBA.L) shrugged off concerns about pandemic-related bad loans and property problems in China on Monday with a surprise 74% quarterly profit jump and a $2 billion share buyback. The British bank's profit growth was mainly driven by the release of cash reserves set aside in anticipation of pandemic-induced defaults, with HSBC's finance chief Ewen Stevenson tell

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Asian shares steady, dollar weak as traders await earnings

Asian shares steady, dollar weak as traders await earnings HONG KONG, Oct 25 (Reuters) - Asian shares started steady on Monday ahead of a week packed with major quarterly earnings announcements, while the dollar hovered near October lows after three weeks of risk-friendly sentiment hurt safe-haven currencies. HSBC (HSBA.L) and Facebook (FB.O) will both publish quarterly results on Monday, in Asian trading and late U.S. hours respectively.

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The global energy crisis explained

The global energy crisis explained In this article we break down the current global energy crisis and look at effects on commodity prices and inflation. Source: Bloomberg   Commodities Energy crisis Energy Inflation Price World energy consumption

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British Pound Outlook Undecided after BoE’s Inflation Warning and Mixed UK Data

British Pound (GBP) Price Outlook: November BoE meeting may see interest rates hiked. UK retail sales figures disappoint. UK October PMIs beat expectations.   Bank of England chief economist Huw Pill has warned that inflation could top 5% in the coming months, leaving the central bank in a ‘very uncomfortable place’. In comments to the Financial Times, Mr. Pill said that the November 4 BoE meeting is now ‘live’ for a potential rate hike from its current rate of

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Dividend Adjustments 25th October 2021 - 1st November 2021

Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 25th October 2021. These are projected dividends and 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. Amount in brackets is the expected adjustment after special dividends excluded (where shown on major indices). Dividend adjustments due to be posted o

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Australian Dollar Holds Ground as Evergrande Makes a Payment. Can AUD/USD Move Up?

AUSTRALIAN DOLLAR, AUD/USD, US YIELDS, EVERGRANDE, RBA - TALKING POINTS The Australian Dollar saw early pressure before Evergrande made good. APAC equities moved higher on the news as sentiment turned positive. US yields rise as inflation fears grow. Will AU-US spreads drive AUD/USD?   Overnight, S&P 500 hit a record high while US Treasury yields backed off 2 basis points from 5-month highs. US 2-year break-evens implied an inflation rate of 3.22% at one st

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British Pound (GBP) Price Outlook: GBP/USD Struggling to Break Above 1.38

GBP/USD PRICE, NEWS AND ANALYSIS: GBP/USD continues to find it difficult to break convincingly above 1.38, which is not just providing “round number” resistance but is also where an important trendline checks in. The latest UK public sector net borrowing (PSNB) figures were better than expected in September but haven’t changed expectations of an imminent UK interest rate increase.   GBP/USD STRUGGLING WITH RESISTANCE GBP/USD continues to find it difficult to brea

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Stocks at Risk as China-Taiwan Tension Eclipses Xi-Biden Summit

CHINA-US TENSION, TAIWAN, US DOLLAR, S&P 500, FED INTEREST RATE HIKE - TALKING POINTS: Xi-Biden summit likely only to achieve surface-level diplomatic breakthroughs. Competing global and regional priorities may prevent meaningful cooperation. S&P 500 at risk ahead of precarious holiday season, geopolitical uncertainty.   Despite surface-level attempts at Sino-US diplomacy, the reality of a bolder and more aggressive China will likely undermine future ta

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British Pound Q4 Forecast: Preparing the Ground for Interest Rate Hikes

GBP/USD PRICE, CHART, AND ANALYSIS: Interest rates to rise in 2022, boosting Sterling. Hard data remains key in Q4.   The era of UK Quantitative Easing (QE) is coming to an end and the Bank of England (BoE) may well start increasing interest rates in early 2022 as inflation begins to stalk the UK economy. The UK central bank will finish its GBP 895 billion bond-buying spree by the end of this year, effectively tightening monetary conditions and setting the course for

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FANG Stocks Update: Netflix Earnings Buzz, Facebook Rebrand & Margin Woes

FANGS ANALYSIS: Hit series ‘Squid Game’ expected to drive subscriber growth into year end. Facebook to consider name change in line with Zuckerberg’s ‘metaverse’ vision. FANG index reaches all-time high, remains elevated.   NETFLIX’S Q3 EARNINGS AS EXPECTED - HIT SERIES ‘SQUID GAME’ TO ELEVATE SUBSCRIBER COUNT The popular online streaming service reported an increase in revenue of 16% ($7.5 billion) for Q3 – in line with estimates. Much of the increase has

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FTSE 100 Price Outlook: UK Stocks Well Placed to Advance Further

FTSE 100 PRICE, NEWS AND ANALYSIS: The FTSE 100 index of leading London-listed stocks is in a good position to climb further, helped by Wall Street strength, risk-on sentiment in the markets, earnings optimism and news of an unexpected drop in UK inflation. Those factors should outweigh continuing market expectations of an imminent tightening of UK monetary policy and bad Covid-19 data.   LONDON STOCKS UPSIDE BECKONS London’s FTSE 100 index is modestly lower in e

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Japanese Yen Jitters as US Treasury Yields Move Higher Amid Commodity Woes. More Yen Weakness Ahead?

JAPANESE YEN, US DOLLAR, USD/JPY, COAL, CHINA, ENERGY - TALKING POINTS The Japanese Yen continued lower with little resistance for now. China continues to address energy shortages, like everyone else. Higher yields and energy are Yen negative. Will USD/JPY break up?   The Japanese Yen and Swiss Franc were the underperformers today as risk appetite remained healthy after more positive earnings results from the US. APAC equities were all in the green. Government

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Why are BHP shares down?

The Australian mining giant’s latest less-than-stellar production update brought the stock's recent rally to an abrupt halt. Source: Bloomberg   BHP (ASX: BHP) share price fell to A$38.39 on Tuesday (19 October)

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Crude Oil Price Forecast: Extended with Levels to Watch

CRUDE OIL TECHNICAL HIGHLIGHTS: Trading well above major long-term resistance. Watching levels that lie just ahead from years prior. Outlook remains generally bullish until proven otherwise. Energy has been on a tear, with crude oil having recently broke above a major long-term threshold. Right around 77 was big resistance from a decade ago, a level we discussed as being pivotal for the broader outlook on oil. Now that it is well above that level we need to tur

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Canadian Dollar Forecast: USD/CAD Sell-Off Continues, Retail Traders Increase Short Bets

USD/CAD slides lower on US dollar weakness, while retail traders increase their USD/CAD short bets Canadian Dollar Price, Chart, and Analysis Brent crude oil eyes a new three-year high. USD/CAD traders increase short bets. The US dollar continues to lose ground against its Canadian counterpart with the pair touching a new three-month low earlier in the session.The recent trend lower is dominated by red candles, producing lower highs and lower lows, as the pair continu

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British Pound Bolts Higher on Soft US Dollar and BoE Hawks. Will it Keep Going?

BRITISH POUND, GBP/USD, US DOLLAR, BOE, CHINA, RBA, AUD/USD - TALKING POINTS The British Pound has found strength as rate hikes appear likely. Softer US yields saw risk assets and currencies move up on the day. US Dollar weakness saw Sterling rally. Is it going to continue?   The British Pound moved higher as the US Dollar weakened in the Asian session today. US yields fell over-night and markets generally went for a ‘risk on’ approach. Commodity currencies led

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