ArvinIG

Here are three LSE mainboard stocks to watch this week. Source: Bloomberg AstraZeneca share price rose slightly on Monday morning (11 October), after it reported positive results from a Covid-19 treatment trial ASOS share price plunges nearly 15% after it announced that Nick Beighton will step down as CEO Anglo American share price rallies 4% after it bought back 125,000 ordinary shares Keen to take advantage of rising and falling share prices? Open an account with us to long or short these stocks now. AstraZeneca (LON: AZN) Biotechnology company AstraZeneca reported positive high-level results from its TACKLE Phase III Covid-19 treatment trial. The trial showed that AstraZeneca's AZD7442, a long-acting antibody (LAAB) combination, achieved a statistically significant reduction in severe Covid-19 or death compared to placebo in non-hospitalised patients with mild-to-moderate symptomatic Covid-19. A total of 90% of participants enrolled were from populations at high risk of progression to severe Covid-19, including those with co-morbidities. The trial was said to have ‘met the primary endpoint, with a dose of 600mg of AZD7442 given by intramuscular (IM) injection reducing the risk of developing severe COVID-19 or death (from any cause) by 50% compared to placebo in outpatients who had been symptomatic for seven days or less’. In a prespecified analysis of participants who received treatment within five days of symptom onset, AZD7442 reduced the risk of developing severe Covid-19 or death (from any cause) by 67% compared to placebo. ASOS (LON: ASC) ASOS has announced a series of changes to its Board, as part of ‘the next phase of its global growth strategy’. Nick Beighton will step down as Chief Executive Officer after 12 years with the business, including six as CEO. A search is commencing for a successor. He will remain available to the Board until the end of 2021 to ensure a smooth handover. Mat Dunn, currently Chief Financial Officer, will take on the additional role of Chief Operating Officer and lead the business on a day-to-day basis, while Katy Mecklenburgh, currently Director of Group Finance, will become Interim Chief Financial Officer. These changes will take place with immediate effect. Separately, the online fashion marketplace also issued its annual results for the year ending 31 August 2021, in which UK sales grew 36% year-on-year on the back of higher customer numbers. The business has also set out plans deliver annual revenues of £7bn and an EBIT margin of at least 4%, within three to four years. Anglo American (LON: AAL) Anglo American announced that it has purchased 125,000 of its US$0.54945 ordinary shares from Goldman Sachs International, as part of its buyback programme announced on 29 July 2021. On 08 October 2021, the mining company paid a volume weighted average price £26.9901 per share. AAL will cancel the purchased shares. Keen to trade AstraZeneca, ASOS and Anglo American shares? Go short and long with spread bets, CFDs and share dealing on these three UK stocks and 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 and Professional Trader Awards 2019 Kelvin Ong | Financial writer, Singapore 11 October 2021

Profits are expected to have grown strongly in Q3, but a weaker growth outlook and higher costs are posing a risk to future earnings. Source: Bloomberg Indices Shares United States Inflation Bloomberg L.P. S&P 500 When is US reporting season? US reporting season will kick-off in earnest the week beginning the 11th of October 2021 and extending into the middle of November. The market data that matters: EPS Growth Revenue Growth FP/E Ratio Dividends Yield 24.3% 6.2% 21.57 1.35% Source: Bloomberg What are the 3 biggest issues to watch this quarter? 1) Earnings growth is still tipped to be solid Analysts are estimating another relatively robust quarter for profit growth. According to data obtained from Bloomberg Intelligence, EPS growth for Q3 will come in roughly at 24% on annualised basis, with average EPS of $49.22. As has been the case in recent quarters, the strongest growth is tipped to have come from cyclical stocks, that have benefitted from the reopening of the US economy, with industrials and materials forecast to deliver the strongest EPS growth. Consumer stocks are tipped to underperform the relative to the rest of the market, with consumer discretionary EPS projected to contract, perhaps due to the impact of reduced direct stimulus from the US government to households. Source: Bloomberg, IG 2) Earnings growth is expected to be lower than last quarter At an estimated $49.22 per share, EPS is expected to be lower this quarter than last quarters $52.98. Though this gap is likely to be bridged by corporates exceeding pre-earnings season forecasts, last quarters extraordinary earnings growth, which saw annualised EPS growth at its highest since 2009, is unlikely to be replicated. This is somewhat to be expected given the baseline effects of the Covid-19 recession that saw EPS capitulate in Q2 2020. But it also speaks of the slower expansion in growth in the US, with analysts currently tipping that nominal EPS won’t return to Q2 2021 levels until Q2 2022, in line with recent downgrades to the economic outlook in the United States. Source: Bloomberg Intelligence, IG 3) The most important factor of all could be profit margins A perhaps overlooked driver of the post-pandemic bull market has been the extraordinary growth in profit margins across the US 500 which saw the average profit margin across the index jump to nearly 14%. It’s come courtesy of huge demand, thanks to the unprecedented level of fiscal stimulus pumped directly into the US economy by the government to drive it through the pandemic. That dynamic is reversing now however, as historically high margins peak as growth slows, and worse, become eroded as the supply shock of the pandemic drives major cost-push inflation. Arguably, it’s this reason why we’ve seen such pessimism reflected in stock prices recently, as investors discount more persistent cost pressures moving forward, that will continue to compress margins. It may prove the most important question overall this reporting season: how big are problems in rising costs, how persistent will they be, and how will they impact margins? Source: Bloomberg Intelligence, IG S&P500: Index eyes 50-day MA as price momentum stays skewed to the downside Confronted by what many in financial markets have referred to as a “wall of worry”, the S&P500 has trended lower in recent weeks, as the combined effects of fears about slowing growth, supply disruptions and inflationary pressures, tighter monetary policy, Chinese financial instability, and gridlock in Washington weakens sentiment. This earnings season will allow investors to return to company fundamentals, to quantify the material impacts of these macroeconomic factors, and discount how they might influence corporate earnings in the future. Price momentum for the S&P500 currently looks skewed to the downside, with the daily RSI below 50, though that indicator is suggesting the potential for a break-out to the upside. The 50-day MA at 4438 will be the crucial level to watch to gauge whether the market has further scope to resume its primary uptrend. Beyond that 4478 is the next key level of price resistance. On the downside, price support sits at the 100-day MA at 4357, and 4277 and 4228. Source: TradingView Take your position on over 13,000 local and international shares via CFDs or share trading – and trade it all seamlessly from the one account. Learn more about share CFDs or shares trading with us, or open an account to get started today. Kyle Rodda | Market Analyst, Australia 11 October 2021

Hi @luke579, Orders are routed to the relevant exchange as share trading is done through DMA. All the best - Arvin

Hi @benstivv, Unfortunately IG do not pay interest on deposited cash on the platform as stated on the PDS: I hope that it helps. All the best - Arvin

Hi @Rawly, IG is aware that it is an option that clients would like to see. I will forward your feedback to the relevant department to be reviewed. Thank you - Arvin

Hi Beso92, Could you please clarify which market you are after (Ticker). Canadian Stocks are only available on leveraged accounts. Thank you - Arvin

Hi @jillianlim, Could you please reach out to our helpdesk on helpdesk.uk@ig.com with screenshot of the issue or go on our website and use the live chat? Our team will be able to investigate and help you login in. All the best - Arvin

HI Ian, Have you tried to use your Username and your email address to login? If your account is locked resetting won't work, it will need to be unlocked by the helpdesk. If you are still facing issues, please reach out to helpdesk.uk@ig.com, or go to https://www.ig.com/uk/welcome-page and use our live chat. All the best - Arvin

Hi @Qvintopus, The whole account opening process can take up to 2 weeks if information are required. You can reach out to accountopening.en@ig.com. The team will reach out to you if any details are required. All the best -Arvin

Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 11th 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 cash neutral adjustment on your account. Special Dividends Index Bloomberg Code Effective Date Summary Dividend Amount RTY CMO US 12/10/2021 Special Div TBD SPX CTRA US 13/10/2021 Special Div 0.5 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 @Leezy, As it is a very small stock, the order might go through if the expiry is Good 'till cancelled. Could you please try ? If you need further assistance, please reach out to helpdesk.au@ig.com All the best - Arvin

Hi @Leezy, This error message can be linked to few reasons. Could you please confirm the level you put in on the order? Thank you - Arvin

Hi @StormChaser, You can find information about the VIX on this IG page: https://www.ig.com/uk/indices/what-is-vix-how-do-you-trade-it The VIX is a real-time volatility index, created by the Chicago Board Options Exchange (CBOE). It was the first benchmark to quantify market expectations of volatility. But the index is forward looking, which means that it only shows the implied volatility of the S&P 500 (SPX) for the next 30 days. I hope that it helps! All the best - Arvin

Hi @Ricardo5, That is correct it would be at the stop level or lower. If your position was not closed while it should have been. Please reach out to helpdesk.uk@ig.com. The Helpdesk will have access to your order history to investigate on the matter. To remove any risk of slippage the best option is a guaranteed stop : https://www.ig.com/uk/glossary-trading-terms/guaranteed-stop-definition All the best - Arvin

Hi @LTownly, Could you please contact us via phone to adjust your position. The trading services and dealing desk will be able to assist you. All the best - Arvin

Hi Tiffany, Please contact us as soon as possible on 0800 195 3100 / helpdesk.uk@ig.com or live chat on our website. Our team will be able to block any actions. transactions on your account and reset the passwords. All the best - Arvin

Hi @Greenhorn, You can reach out to webapisupport@ig.com for assistance on APIs. All the best - Arvin

Hi Asim, For updates on your application, please reach out to newaccounts.uk@ig.com. The Account Opening team will be able to assist you further. Thank you - Arvin

Friday’s US jobs report unlikely to bring a sharp rebound, with businesses struggling to find the right people amid record high level of vacancies. Source: Bloomberg Shares Unemployment Employment United States Payroll Technical analysis The September US jobs report is due to be released at 1.30pm, on Friday 8 October (UK time). Coming at a time where we are seeing huge volatility within financial markets, traders will be keeping a close eye on this latest jobs data to see if it maintains the economic recovery story or undermines it. Coming at a time when businesses are worrying about supply chain and labour issues, there is an argument that businesses are struggling to hire as opposed to being unwilling to hire. Thus, with labour shortages and roaring demand, the question here is whether the US has workers that are skilled enough and in the right locations to take up the record number of vacancies currently on offer. Source: Tradingeconomics.com With that in mind, Friday’s jobs report provides us with a critical update on how businesses have been able to hire in the face of growing demand and ahead of a busy festive period. Will demand ultimately lead to a sharp rise in wages? Non-farm Payrolls Last month saw a somewhat worrying 235,000 Non-farm payroll's (NFP) figure, with a weak automatic data processing (ADP) and a sharp decline in the employment element of the manufacturing purhcasing managers index (PMI) providing a good clue that such a move was going to occur. That 235,000 figure represents the lowest reading we have seen in seven-months, and will leave markets questioning whether this is a short-term or longer lasting phenomenon. This month brings expectations of a 490,000 reading, which would still only take us up to roughly half the August reading. The chart below highlights how the weak August jobs figure involved a collapse in the crucial leisure and hospitality employment segment, with government hiring also falling off for the time being. Source: Refinitiv Datastream Unemployment On the unemployment front, there is little reason to expect unemployment to rise. Instead, we are looking for unemployment to fall from 5.2% to 5.1%. Keep a close eye out for the latest participation rate, which will hopefully continue to fall as prospective workers come back into the jobs market. The depressed nature of the participation rate means we should keep an eye on the wider U6 unemployment rate alongside the traditional U3 figure. Source: Fred Earnings From an earnings perspective, the risk is that the growing hiring difficulties will spark a sharp rise in wages which in turn pushes up inflation. The market forecasts point towards a jump in earnings, with the September figure predicted at 4.7% following a reading on 4.3% in August. The chart below highlights how such a figure would still be well below the 2020 readings that topped out at 8.1%. However, that rise was borne out of huge unemployment where Covid-19 restrictions adversely impacted low earners. Hence it is more significant to see 4.7% wage growth at times when unemployment is low than a huge spike in average wages driven by a sharp spike in joblessness. Yet again, such a consistent rise in business costs does provide a hinderance for future growth. Source: Fred What do other employment readings tell us? One way to predict where Friday’s jobs report may move is to look at some of the alternate employment readings for gauge on the state of play. ADP payrolls – the latest September ADP payrolls figure provided a welcome bounce, with the figure of 475,000 managing to recover after insightful 235,000 figure for August. The relationship been ADP and NFP payrolls may not be perfect, but it can often predict the direction of the move. Thus, this ADP rebound does support the notion that we could see a decent recovery for payrolls as expected. Source: Tradingeconomics.com Jobless claims – both initial and continuing jobless claims have been gradually drifting lower of late, pointing towards gradual improvements in the September jobs report. This essentially tells us that there are no signs of an impending rise in unemployment, but will not necessarily give us too much on the payrolls front. Source: Fred ISM manufacturing PMI – after a worrying August employment reading of 49, we are back into expansion territory ccrding to the latest ISM manufacturing PMI. This supports the rebound theory, although the 50.2 reading for the employment element does also show that things are still not great. 85% of employment related comments stated that firms were attempting to hire more staff. Thus the theme of businesses struggling to fill positions does hold here. As such, a medium-sized rise in payrolls does look likely as it is held back by a lack of candidates. ISM manufacturing PMI – services sector employment growth appears to be faring better, with the reading of 53 representing a strong growth rate in September. However, the fact that this is down from the 53.7 level seen in August does highlight the tightening seen elsewhere in the market. Source: IG Dollar index technical analysis The dollar is in great shape of late, with the index rising into a fresh 13-month high last week. Haven demand has ramped up as markets head lower, with fears around monetary tightening coming into play as commodities drive up inflation expectations. The double bottom formation seen throughout the past year does point towards further upside to come. As such, a bullish view holds here, with a strong jobs report helping to further the case that the Federal Resereve (Fed) should act sooner rather than later. Conversely, a disappointing jobs report could weaken the dollar as it helps build the case that economic difficulties mean the Federal Open Market Commitee (FOMC) should hold off until this volatility has played out. With the trend currently bullish, a break below $91.93 would be needed to bring an end to this recent uptrend. Source: ProRealTime S&P 500 technical analysis The S&P 500 has had a tough time of late, with the index losing over 6% from its highs. The price is trying to hold up in recent days, but there is a distinct risk of further downside to come. Keep an eye out for 4232 support, alongside the rarely engaged 200-day simple moving average (SMA). Source: ProRealTime Joshua Mahony | Senior Market Analyst, London 08 October 2021

Hi, Could you please advise which charts are not showing up and upload screenshots if possible? Thank you - Arvin

HI @1PR, You can reach out to our helpdesk on helpdesk.uk@ig.com with your account details and details of your position. The helpdesk will be able to investigate and come back to you on that matter. All the best - Arvin

Hi @FM9, KOLD is only available on share dealing account only : in February 2021 some markets were moved to Stockbroking only as the market cap/ net asset were low, it was a business decision. KOLD is one of them: While SDS is : I don't believe there is notifications showing a change of status from unborrowable to available. I will forward your remark to the relevant department to make the status of a stock clearer. All the best - Arvin

Hi @Ricardo5, It is likely that there was a slippage : https://www.ig.com/au/glossary-trading-terms/slippage-definition Your stop won't be triggered as the price level would have jumped over your stop. If you need further assistance please reach out to helpdesk.uk@ig.com. All the best - Arvin

Hi Sudesh, Could you please clarify what you mean with your post? Thanks - Arvin

Hi kgoodun, To check on the progress of your application please reach out to newaccounts.uk@ig.com. The account opening process can take up to 2 weeks if more documents are required. All the best - Arvin