Our Picks

A toxic combination of the covid-19 pandemic and Russia’s invasion of Ukraine could now have permanently damaged global trade.

Non-farm Payrolls for the month of April is released just two days after that rate decision, and following this morning’s data, there’s a slew of Fed-speakers on the calendar for this afternoon. So it could remain a very busy day as we head into the weekend of what’s been a big outing for markets.

Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 9th May 2022. These are projected dividends and likely to change. IG cannot be held responsible for any changes made.

After posting a $6.2 billion underlying profit, arguments both for and against a one-off windfall tax are heating up.

NFP and Forex Trading: MAIN TALKING POINTS:
Non-Farm Payrolls (NFP) releases create volatility in the forex market.
NFP measures net changes in employment jobs.
Forex traders use an economic calendar to prepare for NFP releases.

Card Factory’s share price has recovered sharply from an earlier fall, as investors are encouraged by its restructured debt and optimistic FY22 results.

US payroll and unemployment data sees increased relevance in lieu of recent inflation and GDP data drawing stagflation concerns.

GBP/USD, BOE PRICE ANALYSIS & NEWS:
BoE Expected to Raise Bank Rate to 1%.
Focus is on Vote Split and Asset Sales Outlook.

The THG share price seems to be bottoming out from a technical perspective, but should one buy the stock now?

The NASDAQ Composite has now fallen by 24.5% since its November high. Are further falls inevitable, or is a recovery imminent?

Now that Alphabet’s Q1 earnings and revenue are out of the way, what does the company’s share price potential look like when buying it at current discounted levels?

The RBA moved the cash rate to 0.35% after CPI overshoot; the statement made it clear that more hikes are coming and rates lift-off initially supported AUD/USD, but headwinds remain.

Teladoc shares fell by 45% in a single trading session last week, as it booked a $6.6 billion goodwill impairment charge.

It is a busy week ahead on both the corporate and economic fronts, with decisions from the Australian, US and UK central banks, all of which are expected to raise rates. Meanwhile, US ISM PMI figures are accompanied by the monthly job reports for the US. Corporate news is also plentiful, including updates from BP and Next in the UK, plus French banks BNP Paribas and Societe Generale. US earnings season continues, including Airbnb, AMD and Uber.

AstraZeneca, HSBC, IAG, BT and the FTSE 100 oil majors could all see increased volatility as summer approaches.

Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 2nd May 2022. These are projected dividends and likely to change. IG cannot be held responsible for any changes made.

Uber Technologies is expected to report earnings on May 04, 2022 after market close. The report will be for the fiscal Quarter ending Mar 2022.

Amazon shares fell by 13% from $2,904 to $2,540 in after-hours trading last night as it announced its first loss since 2015.

After mixed Q1 results, Lloyds' overexposure to the UK housing market remains a key risk for the FTSE 100 bank.

Advanced Micro Devices, the world’s leading chip maker is scheduled to report its first-quarter earnings on May 3rd after market close.

GlaxoSmithKline shares are up 2% today as it hails excellent Q1 results at the start of what CEO Emma Walmsley believes will be a landmark year.

Alphabet shares are falling after worse-than-expected growth in Q1 results. With fellow tech giants stuttering, the Google owner could be next.

Astrazeneca Q1 results are expected to see revenue and earnings growth despite slowing Covid-19 vaccine sales.

Barclays’ share price entered 2022 at 183p, and shot up to 217p by 13 January. However, the FTSE 100 bank is now down 27% year-to-date, hovering just above 140p.

The Bank of Japan is set to hold their monetary meeting across 27 – 28 April 2022, with the meeting bringing updated forecasts on growth outlook and inflation.