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Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 4th July 2022. 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. The Independence day holiday is observed in the US on 4th July – we therefore anticipate posting the below (*) on Friday 1st NB: All dividend adjustments are forecasts and therefore speculative.A dividend adjustment is a cash neutral adjustment on your account. Special Dividends Index Bloomberg Code Effective Date Summary Dividend Amount N/A Special Div 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.

Hi @tokeeffe2022, Thank you for sharing I will share with the IT team to investigate. Thank you - Arvin

Is the Walgreens share price likely to continue its slide as it halts the sale of Boots? Source: Bloomberg Detrimental financial conditions made Walgreens pull the plug on its Boots sale Citing tougher financial conditions following the upheaval in credit markets, Walgreens Boots Alliance, the owner of the UK pharmacy and beauty group Boots, announced on Tuesday that it has abandoned its sale of Britain’s biggest chemist as recent bids didn’t meet its expectations. The US pharmacy company said on Tuesday that while there had been “significant interest” in the near 175-year-old business, it “has decided that it is in the best interests of shareholders to keep focusing on the further growth and profitability of the two businesses” and that an “unexpected and dramatic change” in the financial markets meant no offers had been received that reflected the potential value of Boots. Boots and its related No.7 beauty brand account for around five per cent of its parent’s $132 billion in annual sales. American pharmaceutical company, Walgreens has been looking to sell its UK Boots and No.7 beauty brand since the end of 2021, with a formal review of its options beginning in January of this year. However, Russia’s invasion of Ukraine, followed by rapidly rising interest rates in both the US and the UK, have made it very difficult for new issuers to operate within Europe’s high-yield credit market since financing any highly leveraged bids has become very costly. Walgreens had apparently been looking for as much as £10bn when it initially put Boots up for sale, as it sought to focus on its US businesses but after several failed bids, some apparently coming close to their valuation earlier this year, it finally pulled the plug on the Boots sale as the financial environment for bids worsened. “As a result of market instability severely impacting financing availability, no third party has been able to make an offer that adequately reflects the high potential value of Boots and No.7 Beauty Company”, the company stated. Walgreens insisted, however, that the abandoned sale of Boots should not reflect badly on the performance of the main UK chemist or the No.7 brand, saying they were continuing to grow and perform strongly. The US Boots owner also assured investors that it would continue to invest in the company, which has “exceeded expectations despite challenging conditions”. Despite halting the Boots sale at present, Walgreens’ chief executive, Rosalind Brewer, signalled that the company will “stay open to all opportunities to maximise shareholder value.” Source: ProRealTime Where to next for the Walgreens Boots Alliance share price? With the Walgreens share price down around 20% year-to-date and evolving in a clearly defined downtrend channel since the beginning of the year, and having this week topped out near its November 2021 low at $42.68 on the news that Boots is no longer up for sale, further downside looks to be in store. While the 55-day simple moving average (SMA) continues to cap the share price on a daily chart closing basis, as it has been doing since mid-February, the current June low at $39.15 remains in focus. If slid through, the late December 2020 low at $36.79 will be next in line, followed by the 78.6% Fibonacci retracement of the 2020-to-2021 advance at $36.15. Source: ProRealTime Since one can clearly make out a series of lower highs and lower lows – the definition of a downtrend – the technical picture for Walgreens remains negative for now. For the downtrend to be broken and reversed at least two daily chart higher highs and higher lows would need to be seen and take the Walgreens share price to above not only this week’s high but also above the May and current June highs at $43.95 to $44.75. Only then could one envisage the 200-day SMA at $46.22 being back in sight. Below it the Walgreens stock is considered to be in bear market territory. Unless such a bullish reversal is seen in the days and weeks to come, further slides in the Walgreens share price are likely to ensue. Axel Rudolph | Market Analyst, London 29 June 2022

Risk-off sentiment has returned, and this has resulted in gains for the dollar at the expense of the euro, sterling and yen. Forex United States dollar Euro Japanese yen Pound sterling EUR/USD EUR/USD EUR/USD returned to the 50-day simple moving average (SMA) this week ($1.0588), having rallied modestly from the lows of June, along with most risk assets. However, it looks like the hiatus from risk-off sentiment has come to an end once again, and a fresh move lower is in store. Further declines from here will bring $1.0384 and then $1.035 into view, as the pair heads back to retest recent lows seen over the past two months. A revival back above the 50-day SMA and then above $1.06 would be needed to suggest a resumption of the bounce, which then targets $1.0637 and higher. Source: ProRealTime GBP/USD struggles in early trading For GBP/USD as well it looks like a new drop is at hand, as the dollar strengthens again and the concerns about inflation and growth begin to build. The downtrend here looks to be in the process of reasserting itself, which suggests a resumption of the move back to $1.20 and lower. Below this there is not much evidence of support until the March 2020 lows of $1.15. Buyers will need to step in soon and push the price back above $1.2366 if they are to avoid this scenario, although a bounce back above $1.263 would be needed if it is to push on to create a higher high. Source: ProRealTime USD/JPY holds near highs USD/JPY has returned to the highs of last week, with the uptrend here just as firmly in place as the downtrends are for EUR/USD and GBP/USD. Now that the 2002 highs have been breached, the next step would be ¥146.75, the highs from 1998. Horizontal and trendline support come into view around ¥135.00, which may help support the price in the end of any drop in coming days. Below this the price would head towards the 50-day SMA at ¥131.00. Source: ProRealTime Chris Beauchamp | Chief Market Analyst, London 29 June 2022

Hi @tokeeffe, Thank you for your post. Could you please try to delete your cookies and empty your cache? I might help the page to load properly. Have you try another browser? Thank you - Arvin

Hi @traveler, You can start with this article on the IG website: https://www.ig.com/au/help-and-support/charts/ig-charts/how-do-i-customise-indicators-or-drawings If you right click on the chart and put your mouse over the 'i' next to the indicator you will have furhter information on the indicator: I hope that it helps. You can also use the search bar on the IG website or the IG Community as previous members might have post information that you are after. All the best - Arvin

Bitcoin falls alongside US equity markets as market sentiment deteriorates; retail sales data out of Japan and Australia eyed to assess APAC growth and BTC/USD nears critical test of support as bears advance for third day. Source: Bloomberg Wednesday’s Asia-Pacific outlook Asia-Pacific traders face a risk-off open after a volatile session of losses in New York sent US equity indexes lower. Technology stocks underperformed the broader market, with the high-beta Nasdaq-100 Index (NDX) closing 3.09% lower, bringing the total loss for the index close to 8% on the month as July approaches. Chinese markets, however, are set to close out the month with gains after the economic powerhouse eased Covid-19 restrictions. Bitcoin prices fell amid the risk aversion. The cryptocurrency may trade higher if Asian equity markets buck the overnight weakness. Beijing slashed the period that international travelers need to spend in quarantine on Tuesday, the latest sign that policymakers are willing to pull back from the ‘Zero-Covid’ policy. Travelers from outside China are now only required to spend one week in quarantine. The same pent-up demand effect seen in Western economies, where restrictions were eased largely early this year and late last year, may be seen in China over the coming months, assuming restrictions continue to recede. Meanwhile, the Group of Seven (G7) is trying to nail down the details of a reported price cap on Russian oil. The move would limit the prices that outside entities can pay for Russia’s oil. The American Petroleum Institute’s report stated that US crude oil inventory fell by 3.8 million barrels for the week ending June 24, beating the 100k draw that analysts were expecting. The EIA’s report is expected to drop tonight after a two-week blackout due to technical issues on the agency’s servers. Today, Japan’s retail sales report for May is set to cross the wires. Analysts expect to see a 4.0% year-over-year rise, according to a Bloomberg survey. That would be a solid improvement from April’s 2.9% y/y increase, and a surprise above expectations may help drive some JPY strength. Australia’s preliminary retail sales report for May will follow the Japanese data. A 0.4% increase is expected to cross the wires, down from the prior 0.9% increase. Aussie dollar strength may follow if the report beats expectations. Notable events for June 29: Japan – Consumer Confidence (June) Singapore – Export Prices (May) South Korea – Business Confidence (June) BTC/USD technical forecast Bitcoin prices fell for a third day, with prices nearing the critical 20,000 level. A break below the psychological support level would likely see bears press the attack, potentially sending prices to test the June swing low set earlier this month. Alternatively, a rebound would aim to reverse early-week losses, with the falling 20-day Simple Moving Average (SMA) also a potential target. BTC/USD daily chart Source: TradingView This information has been prepared by DailyFX, the partner site of IG offering leading forex news and analysis. 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. Thomas Westwater | Analyst, DailyFX, New York City 29 June 2022

Nike shares are struggling to find momentum in all-sessions trading after finishing the session lower on Monday after fourth quarter earnings were released. Shares Nike, Inc. Revenue Severe acute respiratory syndrome coronavirus 2 Technical analysis Inflation Nike Q4 earnings We've seen earnings out from NIKE Inc (All Sessions) last night, and despite posting better than expected numbers, the share was still down in extended hours after the release as the group has forecasted first quarter (Q1) revenue below estimates. Earnings came in at $0.19 per share on revenues of $12.23 billion. Analysts had expected earnings per share (EPS) of $0.81 and revenue of $12.07 billion. Nike: technical analysis Let's bring up the chart now to see how Nike is trading. Now, remember, this is an all-session share on the IG platform, which means you can trade it from 9 a.m. UK time prior to the US open later on this afternoon. And as you can see, the reaction yesterday selling off after the announcement there, coming down to end the session down about 4.8% on the day. So far today, we have opened pretty much unchanged, not much move, seeing a little bit of momentum to the upside, trying to recover some of that move, especially on those better-than-expected earnings. But if we're looking at the messaging around this, we saw chief financial officer, Matthew Friend, say that Nike is taking a cautious approach to greater China given the uncertainty around additional Covid disruptions and expect first quarter revenue to be flat to slightly up, below estimates of a 5.1% increase. So that's the outline there from the messaging from those earnings. As we know, markets have been focusing a lot lately on forward guidance, what's going to come, especially now that we've seen inflation and costs gearing up. A lot of focus now on what are they going to deliver in the upcoming few months. We've seen the message, still expecting to see a little bit of a gain there for Nike. But below expectations that we've seen so far, the share remains within this descending channel, you can see. But if we zoom out a little bit, just to get the greater picture here, you can see we're still very much within that higher trend compared to where we started prior to the Covid rally. This is the beginning of 2020 here, the beginning of the summer. You can see we're now nearing that area, an area that's potentially more sustainable. Now, undone most of that Covid rally coming to rest around that area here. The 100 area at the moment, it's likely that we see a bit more price instability along this area and also finding a bit more support from where we've seen those previous lows, helping the price, trying to push higher and break this descending channel. Daniela Sabin Hathorn | Presenter and Analyst, London 28 June 2022

Hi @PVTKN, Could you please confirm that you used the number 1800 601 734, and which options you selected? There has been an issue with our broker, a fix was put in place and you should be able to place Day expiry orders. If you are unable to place an order please reach out to the number above. Thank you - Arvin

Hi @VS21, Could you please confirm if you are now able to close your position? Thank you - Arvin

Hi @CloudStock, Thank you, I raised the issue to IT. Feel free to send screenshots to helpdesk.uk@ig.com. Thanks - Arvin

Glencore’s share price is the FTSE 100’s star performer of 2022, up 17% to 453p year-to-date. Source: Bloomberg Indices Shares Glencore FTSE 100 Stock Bribery Glencore (LON: GLEN) shares haven’t just outperformed in 2022. They’re also up 46% over the past 12 months, and 58% over the past five years. The FTSE 100 stock’s stellar performance is all the more remarkable given the wider market rout, with the FTSE 100 down 3.4% in 2022, and multiple international index peers firmly trading within a bear market. Glencore share price: bribery guilt There is one fly in the ointment, however. One of Glencore’s British subsidiaries has pleaded guilty in a UK court to corruption charges brought by the Serious Fraud Office (SFO). The SFO had accused the FTSE 100 company of bribing officials to ‘perform their functions improperly, or reward them for so doing, by unduly favouring Glencore Energy UK Limited.’ More specifically, it argued that ‘Glencore, via its employees and agents, paid bribes of over $28m for preferential access to oil, including increased cargoes, valuable grades of oil and preferable dates of delivery’ in multiple African countries between 2011 and 2016. Glencore had already set aside $1.5 billion to cover the impact of expected fines. Last month, it agreed to pay a $1.1 billion settlement in the US over a decade-long scheme to bribe officials in seven countries, and a $40 million settlement in Brazil to state-run Petrobras and the Brazilian authorities. And this may not be the end of the story for the FTSE 100 stock. While Chairman Kalidas Madhavpeddi argues it ‘is not the company it was when the unacceptable practices behind this misconduct occurred,’ Glencore is also facing charges in the Netherlands and Switzerland. Spotlight on Corruption’s Helen Taylor thinks the charges were ‘hugely significant,’ but argues the SFO could have gone much further in its investigations given the global nature of Glencore’s malpractice. The legal researcher also thinks it ‘critical’ that when the courts decide the fine amount in November, it ‘reflects the staggering scale and seriousness of this corporate criminality otherwise companies like Glencore will simply write this off as the cost of doing business.’ Backing calls for senior executives to be investigated and prosecuted, as reported in detail by the Daily Telegraph, the scandal is unlikely to disappear anytime soon. Source: Bloomberg FTSE 100 stock: where next for Glencore shares? While the fines are a PR disaster, context is important. Glencore made a record £16 billion profit in 2021 and plans to spend at least £3 billion in share buybacks and dividends in 2022. Moreover, Russia’s invasion of Ukraine has sent its marketing business into overdrive. Glencore expects the sector to generate earnings of $3.2 billion in just six months, far exceeding the $2.2 billion to $3.2 billion guidance it had previously issued for the entire year. Further, the sector only generated $3.7 billion in 2021. Glencore predicts a return to ‘more normal market conditions’ in H2, the FTSE 100 company argues that its ‘marketing segment’s financial performance has continued to be supported by periods of heightened to extreme levels of market volatility, supply disruption and tight physical market conditions, particularly relating to global energy markets.’ A key component of Glencore’s current run is its coal mining division. CEO Gary Nagle has pledged planned to run down its coal mines over the next 30 years and aims to achieve net-zero by 2050. And activist investor Bluebell Capital Partners has previously pressured Glencore to spin off coal, arguing that it acts as a depressant on the FTSE 100 company’s market value. But operating 26 mines across the globe, coal generated a quarter of Glencore’s revenue in 2021. And while it’s currently dealing with higher costs for diesel, explosives, electricity, and logistics, Glencore recently highlighted the rising price of coal as a key revenue driver as nations grapple with energy security after Russia’s invasion of Ukraine. This argument hasn’t escaped the notice of investing giant Morgan Stanley, which recently upped its Glencore price target to a record 740p. The bank specifically cited its spot free cash flow yield of 29% and the potential for higher coal prices to drive capital returns. And with Glencore finally pencilling a line under long-standing corruption charges, the FTSE 100 stock could now soar further in July. Charles Archer | Financial Writer, London 28 June 2022 Go short and long with spread bets, CFDs and share dealing on 16,000+ shares with the UK’s No.1 platform.* Learn more about trading shares with us, or open an account to get started today. * Best trading platform as awarded at the ADVFN International Financial Awards 2021

The wine producer said it faces inflationary pressures this year Source: Bloomberg Shares Recession Wine Inflation Inventory Balance sheet Shares in Naked Wines collapsed by 40% on Thursday after its full-year results disappointed. The wine company’s gloomy outlook statement spooked investors after chief executive Nick Devlin said that it would only achieve break-even this year due to inflationary pressures. The share price slump came despite the company returning to profit, posting pre-tax profits of £2.9 million following last year’s losses of £10.7 million. Total sales rose 5% at constant currency rates to £350 million. Naked Wines’ proposition works by connecting customers – or ‘angels’ as it dubs them – with independent wine makers. Consumers then gain access to wines directly from the producers at a discounted price. Naked Wine faces “inflationary challenges” The company was one of the pandemic’s winners as many new customers signed up when pubs and bars were closed during lockdown. However, with a possible recession looming and the cost of living crisis, there could be difficult times ahead. “In the past year we moderated investment responsibly as we navigated inflationary challenges,” group chief executive Nick Devlin told investors. “In that context, I’m pleased with the substantial growth in sales to repeat members supported by sales retention above our expectations for the year at 80% and our ability to deliver profitability." However, while he said that the company is “well positioned to continue to grow amidst a changing consumer environment,” he added that management would not “pursue growth at any cost” and that it intended to "trade the business at or around breakeven this year.” Devlin added that he believed this was the “responsible balance to strike in FY23, mindful of the levels of macro-economic uncertainty, but also of the opportunities we see ahead and the potential for disruptive models like ours to gain traction in tough times as consumers revaluate their purchasing choices.” Balance sheet concerns The company’s net cash position more than halved to £40 million from £85 million in the previous period. Management also said it took on a $60 million credit facility at the year-end, which included covenants. However, inventory assets rose to £142 million from £76 million in the previous year. While total group sales are anticipated at £345 million to £375 million for the full-year 2023, Naked Wines says it expects to spend up to £40 million on acquiring new customers. What’s more, the company will also be incurring administration costs of £45 million to £48 million, as well as £5 million in marketing and £4 million in share-based compensation fees. Profit from repeat customers is anticipated at £83 million to £93 million, however. In a note to clients, Wayne Brown, an analyst at broker Liberum, voiced concerns about the “poor quality of customers” the company had picked up in the past financial year and its balance sheet. “There is a risk heading into a downturn that weak demand and potential cancellations combine to force the company to discount stock more in an attempt to turn the inventory into cash,” he wrote. The shares are down 79% in the past year to 156.5p and 82% on their pandemic highs of 874p. While the shares may look oversold at these levels, wine is a discretionary spend customers may decide they need to cut back on in the face of a recession. Piper Terrett | Financial writer, London 28 June 2022 Trade over 16,000 international shares from zero commission with us, the UK’s No.1 trading provider.* Learn more about trading shares with us, or open an account to get started today. *Based on revenue excluding FX (published financial statements, June 2020).

Hi @AlexP, We understand your disappointment and we have forwarded the client feedback to the relevant team. We will post any update on DRIP on the community. All the best - Arvin

Hi @LambdaVelorum, A stop-loss order, or stop, is an instruction to close your position automatically when the underlying market reaches a set price that is less favourable than the current price. Your stop can be triggered at another price than the one selected due to slippage. You can find more information here: https://www.ig.com/uk/trading-strategies/what-is-a-stop-loss-order--42278-180220#:~:text=A stop-loss order%2C or,a useful risk-management tool. All the best - Arvin

The Australian dollar eyes further gains versus the US dollar; Chinese industrial profits data in focus to kick off APAC trading and AUD/USD may face resistance from the 23.6% Fib and 20-day SMA. Source: Bloomberg Forex United States dollar Australian dollar AUD/USD China Japanese yen Monday’s Asia-Pacific outlook Chinese industrial profits data is set to cross the wires this morning, which could help to set the tone for Asia-Pacific trading. The Australian dollar is a prime proxy to gauge the market’s response to those numbers. AUD/USD saw a moderate bounce last week after a multi-week losing streak alongside a broader pullback in risk assets. Industrial profits grew by 3.5% on a year-over-year basis in April, which was seen as a dull figure weighed down by a wave of Covid-19 infections that caused lockdowns across major Chinese economic hubs. The situation has improved since then, although cities like Beijing and Shanghai continue to see localized Covid measures. Still, this morning's data should reflect a growing recovery, which could help to revive some optimism across the APAC region. AUD/USD may rise if the y/y figure exceeds that of the prior month. In Japan, the final revisions of April’s Coincident and Leading economic index figures will drop. The Japanese yen fell against the US dollar last week but sellers appear to backed off, with USD/JPY gaining only 0.16%. Still, the currency pair hit its highest level since September 1998 before trimming strength. The technical posture has weakened recently, but USD bulls may yet attempt an attack. Industrial metals like copper and aluminum could give clues to how traders are assessing the short-term macroeconomic outlook. Copper prices fell to the lowest since February 2021 last week. Steel demand has eased in recent months. Renewed fears about an economic recession following the Fed’s latest interest rate hike have weighed heavily on demand for industrial metals. A firm print on China’s industrial profits data may help to inspire some confidence across the metals space. Notable Events for June 27: Indonesia – M2 Money Supply (May) Philippines – Business Confidence (Q2) Taiwan – Consumer Confidence (June) Hong Kong – Balance of Trade (May) AUD/USD technical forecast A trendline from 2021 helped to underpin prices during last week’s action. A move higher faces potential resistance from the 23.6% Fibonacci retracement level and the falling 20-day Simple Moving Average (SMA). The MACD and RSI oscillators are both improving, and crosses above their respective midpoints may provide technical boosts for the Australian dollar in the days ahead. AUD/USD daily chart Source: TradingView Thomas Westwater | Analyst, DailyFX, New York City 27 June 2022 This information has been prepared by DailyFX, the partner site of IG offering leading forex news and analysis. 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.

The FTSE 100 is benefitting from rocketing commodities, oil, and interest rates that may ultimately become its downfall. Source: Bloomberg Indices Shares Commodities FTSE 100 Recession Interest The FTSE 100 index has remained remarkably resilient this year, down 4% year-to-date. While it spent Friday morning surfing dangerously close to the symbolic 7,000-point watermark, it ended last week at a relatively healthy 7,209 points. For perspective, the S&P 500 is down 18.5%, while the NASDAQ Composite has fallen by 26.7%. Most other international indices aren’t faring much better. However, competitors like the NASDAQ are stuffed with tech stocks which underwent a stellar run during the covid-19 pandemic era of loose monetary policy. This has left it much more rope to correct as the fiscal landscape changes. And it’s worth noting that a NASDAQ investor who bought into the index just before the pandemic struck would even now still be significantly better off than one who stuck to the FTSE 100. FTSE 100: banks, oil, and mining However, the FTSE 100’s sector composition has made it a strong choice so far this year. The index’s big four banks — HSBC, Barclays, Lloyds, and NatWest — are set to be prime beneficiaries of rising interest rates. The Bank of England has already increased the base rate five times in the last six months to 1.25%; market pricing has them rising again to at least 2.25% by the end of the year. Capital Economics thinks it could even increase to 3% in 2023. Meanwhile, the FTSE 100 oil majors — BP and Shell — are making so much money that BP CEO Bernard Looney has likened his outfit to a ‘cash machine.’ And both companies foresee increased profitability despite windfall taxes on North Sea profits. With Brent Crude still above $100 a barrel, the oil benchmark has remained elevated for months, even before Russia’s invasion of Ukraine. Then there are the miners benefitting from sky-high commodity prices — Rio Tinto, Anglo American, Glencore, and Fresnillo — which, despite several serious PR hiccups, are only expected to generate ever more revenue as the mining super-cycle continues. The FTSE 100 also boasts strong stocks with numerous defensive qualities, including pharmaceutical giants AstraZeneca, GSK, and HIKMA. History shows that the demand for new vaccines and drugs remains constant regardless of the economic state of the world. The same is true of tobacco stocks British American Tobacco and Imperial Brands, as well as food sector companies like Tesco, Sainsbury’s, and Unilever. Likewise, utilities stocks including National Grid, SSE, and Centrica, and telecom stocks like BT and Vodafone are also highly defensive; consumers have little choice but to utilize electricity and gas in the 21st century. In fact, only a handful of stocks within the FTSE 100 are outright struggling. Most are travel-dependent stocks like IAG or Rolls-Royce, the former of which is besieged by a PR nightmare, labour crunch and potential strike action. However, given the lengthy airport queues and optimistic forward-looking corporate statements, demand for travel remains high, while the current problems are likely to disappear over the medium term. The major FTSE 100 housing stocks — Rightmove, Persimmon, Taylor Wimpey, and Barratt Developments — are also suffering, with a market slowdown widely expected as interest rates rise, given that the average English home is now worth a record £299,249. Another notable faller is the tech-heavy Scottish Mortgage Investment Trust, down 43% year-to-date. However, it’s worth noting that the trust is still up compared to its pre-pandemic value, and has outperformed the wider FTSE 100 over a five-year timescale. But overall, the FTSE 100 is in strong shape compared to its peers. But as storm clouds appear on the economic horizon, one powerful risk factor could bring down the UK’s premier index. Source: Bloomberg FTSE 100: UK recession, global recession CPI inflation is at a decades-high 9.1% and expected to exceed 11% by October. For perspective, an employee that has not acquired a raise this year will lose over a month of real terms buying power over the next 12. And with essentials including fuel, energy, and food rising at a near-unprecedented speed, consumers are also being squeezed by rising interest rates that are making mortgages, credit cards, and other loans more expensive. Chris Williamson, chief business economist at S&P Global Market Intelligence, thinks ‘the economy is starting to look like it is running on empty’ as companies report a ‘near-stalling of demand.’ Outgoing CBI President Lord Bilimoria argues the UK is ‘definitely’ heading for recession. Worryingly, the ONS reports that 44% of adults were buying less food in May, up from 18% in January, and the core reason behind last month’s 0.5% drop in retail sales. British Retail Consortium CEO Helen Dickinson notes that ‘households reined in spending as the cost-of-living crunch continued to squeeze consumer demand.’ Meanwhile, data company GfK’s monthly survey of UK citizens found that consumer confidence is at the lowest it’s ever been since the survey began in 1974. For a frame of reference, this includes events such as the 1979 oil crisis, 1990s housing market crash, and 2008 credit crunch. But the upcoming recession isn’t just a UK problem. Deutsche Bank CEO Christian Sewing thinks ‘we have a 50% likelihood of a recession globally.’ Citigroup analysts concur, warning it is an ‘increasingly palpable risk’ as ‘history indicates that disinflation often carries meaningful costs for growth, and we see the aggregate probability of recession as now approaching 50%.’ This is the catch-22 of sky-high oil and commodity prices, rising interest rates, and more expensive consumer staples. Short-term, it benefits the aforementioned FTSE 100 giants, especially as many of them operate on a global scale. But longer-term, it creates economic distress. Of course, if the upcoming recession were to be confined solely to the UK, the FTSE 100 could well continue to outperform its international peers through 2022. But with inflation rocketing and consumer confidence collapsing, there is a very real danger of demand destruction across almost every developed country across the globe. It’s worth noting that in 2021, Morgan Stanley predicted demand destruction for oil would occur when the commodity hit $80 per barrel. While the bank recently admitted it got this forecast wrong, it’s possible that what it got wrong wasn’t the prediction, but the timeframe. And with inflation predicted to 11% in October, interest rates to strike potentially 3% next year, and consumer confidence at all-time lows, the FTSE 100 may be on borrowed time. Charles Archer | Financial Writer, London 27 June 2022

Hi @Cazboy, As mentioned by @Robby1, try to right click on the chart and select Show: Let us know if your positions are showing back up. Thank you - Arvin

Hi @chkreou, You can find details on MT4 Demo accounts here: https://www.ig.com/uk/trading-platforms/metatrader-4/mt4-demo-account On the MT4 terminal you will need to select the IG-DEMO server. I hope that it helps. All the best - Arvin

Hi @LiamWhite, Solo Brands Inc was added as requested. All the best - Arvin

Hi @tonymaclennan, On the IG trading app, if you tap once on the chart you will see a menu appearing at the bottom of the screen. From there you can select the indicators you would like to display. You might be interested in the below article: https://www.ig.com/au/trading-strategies/what-is-the-alligator-indicator-and-how-do-you-use-it-in-forex-t-210412 Thank you - Arvin

Hi @Rhythm, Thank you for your post. The market is actually closed/ suspended. If a stock is suspended, we would have to wait for the stock to become tradeable again. Our Corporate Action team will keep updated on the situation and react to the company announcements accordingly. I hope that it helps. All the best - Arvin

Hi @N9760, Thank you for your post. Unfortunately, at this point we do not have such feature on the web based platform. I will forward your feedback to the relevant department to be reviewed. Thank you - Arvin

Australian dollar falls against US dollar as markets shift to risk-off; the 2022 BRICS Summit set to kick off today in virtual format and AUD/USD looks set for further weakness above key trendline support. Source: Bloomberg Forex Australian dollar United States dollar AUD/USD Inflation Japanese yen Friday’s Asia-Pacific outlook Asia-Pacific markets are set to open higher after a rosy overnight session on Wall Street. The New York trading session saw risk assets climb, with all three major US equity indexes posting gains. The high-beta Nasdaq-100 Index (NDX) outperformed, closing 1.47% higher. Bitcoin prices rose more than 3%, in line with the positive market sentiment. Traders were unswayed by negative economic data, with S&P Global PMI data for the US in June missing estimates, although remaining in expansion territory. Activity in the foreign exchange market, however, did not align with what equity markets were communicating. The US dollar, which typically strengthens amid risk-off moves, gained against its risk-sensitive peers, like the Australian dollar. Greenback strength appeared after Treasury sellers vanished mid-day, pushing yields modestly higher. The Japanese yen may see some volatility today on the release of Japan’s inflation data for May. Analysts expect to see core inflation—a measure that removes volatile food and energy prices—cross the wires at 2.1%, according to a Bloomberg survey. The Japanese yen is near its weakest level against the dollar since 2002. A higher-than-expected inflation print may help underpin JPY strength, but the Bank of Japan has remained defiant against tightening policy despite the monumental collapse in its currency. Elsewhere, industrial and precious metal prices fell. The growing threat of a global recession sent copper prices over 5% lower in New York. Chinese-sensitive iron ore prices managed to gain on comments from President Xi. The Chinese leader reaffirmed his commitment to support economic growth at the 2022 BRICS summit. The Australian dollar remains weak despite the rebound in iron ore, but traders may take notice today and put a bid on the Australian currency. Notable events for June 24: Singapore – Industrial Production (May) Taiwan – M2 Money Supply (May) China – Current Account Final (Q1) Australia – RBA Governor Lowe Speech AUD/USD technical forecast AUD/USD found support from a trendline formed from the October 2021 swing high. That trendline may continue to underpin prices, but a break lower would likely lead to a test of the May swing low. The psychologically important 0.7000 level remains a visible target for bulls, should prices rebound. Meanwhile, the MACD and RSI oscillators remain negative. AUD/USD daily chart Source: TradingView Thomas Westwater | Analyst, DailyFX, New York City 24 June 2022 This information has been prepared by DailyFX, the partner site of IG offering leading forex news and analysis. 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.

Hi @ZR_, You can find the similar page of Shares and ETFs here: https://www.ig.com/uk/help-and-support/spread-betting-and-cfds/products-markets-and-trading-hours/what-are-igs-shares-spread-bet-product-details Thank you - Arvin