Our Picks

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

Q3 profit rises to $5.4 bln on better loan outlook
Costs set to tick up to $32 bln as inflation bites
$2 billion share buyback to begin shortly
London shares rise 1%, touch 4-month high




 








 

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.

 

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.

British Pound (GBP) Price Outlook:
November BoE meeting may see interest rates hiked.
UK retail sales figures disappoint.
UK October PMIs beat expectations.

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?

Find out what to expect from Boeing’s earnings results, how they will affect Boeing share price, and how to trade Boeing’s earnings.

Apple share price: Q4 earnings preview

Apple Q4 earnings to be driven by iPhone 12 sales.

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.

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.

GBP/USD PRICE, CHART, AND ANALYSIS:
Interest rates to rise in 2022, boosting Sterling.
Hard data remains key in Q4.

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.

AMD’s share price has surged close to 9.5% over the past week. Can its upcoming Q3 results lead to a new record high for its share price?

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.

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.

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.

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?

Uranium expected to join energy price surge, amid growing support for fresh infrastructure builds as funds bring fresh sources of investor-driven physical demand.

USD TECHNICAL OUTLOOK:
DXY fell back to support late last week.
Trust support until broken.
A break is seen as leading to modest selling.

Gold Price, Chart, and Analysis:
10-year US Treasury yields back above 1.60%.
Gold sitting on a prior resistance level.

GBP Analysis and News:
Governor Bailey Reiterates that BoE Must Act to Curb Inflation.
BoE Tightening Bets Increase Further.
GBP to Find Rate Support vs Low Yielders.

US earnings season is in full swing now, with a host of companies reporting earnings. In addition, we have Q3 GDP from China, UK CPI and then flash PMIs from around the globe.

Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 18th 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 on a bank holiday will usually be posted on the previous working day. 

If you have any queries or questions on this please let us know in the comments section below. For further information regarding dividend adjustments, and how they affect  your positions, please take a look at the video.


NB: All dividend adjustments are forecasts and therefore speculative. A dividend adjustment is a <br style="background-color:#ffffff; color:#262629; font-size:14px; text-align:center">cash neutral adjustment on your account.

                                                                                           

Special Dividends


N/A

 

How do dividend adjustments work? 

This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.

KEY TALKING POINTS:
Global stocks rally as US earnings push back stagflation concerns.
Investors must be aware of inflation effects in different sectors.

Facebook’s share price has fallen close to 14% over the past one month. Can its upcoming Q3 earnings reverse the bearish sentiments?

Investors are hoping to see a recovery in net paid subscriptions from Netflix’s UCAN region in the upcoming Q3 results, while also hoping to learn more about the group’s investment into online gaming.