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AshishIG

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Blog Entries posted by AshishIG

  1. AshishIG

    Dividend Adjustments 06th Nov - 13th Nov 2023

    By AshishIG,


    Dividend Adjustments
    Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 06th Nov 2023. These are projected dividends and are 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. The amount in brackets is the expected adjustment after special dividends are 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. 
    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 the full non-independent research disclaimer and quarterly summary.
  2. AshishIG
    Find below the table that shows the number of days' worth of overnight funding fees you will be charged if you keep a Forex position open on a particular day. The overnight funding fee is the cost of holding a position overnight through 10 PM UK time, and it is charged at the end of each trading day. This fee is calculated based on the size of your position and the interest rate differential between the two currencies involved in the trade plus the IG admin fee.
    To help you manage your trading costs and make informed decisions, we have created this table that clearly displays the number of days' worth of overnight funding fee you will be charged. This information can be used to estimate the cost of holding a position over a certain period and to decide whether to keep it open or close it before the end of the trading day. In the future, we will regularly publish this table at the start of each new month.




    Disclaimer:
    Please note that in some cases, the number of days may change due to public holidays or bank holidays. We will do our best to inform you of any changes as soon as possible, but we recommend that you keep an eye on the holiday calendar to avoid any surprises.
  3. AshishIG
    Please see the interest rates that are used when IG calculates the overnight funding rate (per annum) on shares and indices. This does not include the IG admin fee. The information provided is an indication as of 30th Oct 2023 and will be published weekly on Mondays.

    *** It's important to note that the rates are subject to daily changes and are based on the currency of the underlying market, not the contract currency.
  4. AshishIG

    Dividend Adjustments 30th Oct - 06th Nov 2023

    By AshishIG,


    Dividend Adjustments
    Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 30th Oct 2023. These are projected dividends and are 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. The amount in brackets is the expected adjustment after special dividends are 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. 
    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 the full non-independent research disclaimer and quarterly summary.
  5. AshishIG

    Dividend Adjustments 23rd Oct - 30th Oct 2023

    By AshishIG,


    Dividend Adjustments
    Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 23rd Oct 2023. These are projected dividends and are 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. The amount in brackets is the expected adjustment after special dividends are 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. 
    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 the full non-independent research disclaimer and quarterly summary.
  6. AshishIG
    Please see the interest rates that are used when IG calculates the overnight funding rate (per annum) on shares and indices. This does not include the IG admin fee. The information provided is an indication as of 23rd Oct 2023 and will be published weekly on Mondays.

    *** It's important to note that the rates are subject to daily changes and are based on the currency of the underlying market, not the contract currency.
  7. AshishIG

    The Week Ahead On The Markets

    By AshishIG,


    The Week Ahead
    The Week Ahead
    Read about upcoming market-moving events and plan your trading week
      Week commencing 16th October
    Chris Beauchamp's insight
    Earnings season gets into its stride this week, with reports from across the US economy. US banks but also Netflix, Tesla, Johnson & Johnson and airlines report figures. Key economic events this week include UK employment and consumer price index (CPI) figures, along with the German ZEW index.

      Economic reports
    Weekly View
    Monday
    1.30pm – US Empire state mfg index (October): index expected to fall to -1.1. Markets to watch: USD crosses

    Tuesday
    1.30am – RBA meeting minutes. Markets to watch: AUD crosses
    7am – UK employment data: August unemployment rate to hold at 4.3%, while average earnings for Jun-Aug rise 7.5%, down from 8.5%. Markets to watch: GBP crosses
    10am – German ZEW index (October): index expected to fall to -16 from -11.4. Markets to watch: EUR crosses
    1.30pm – US retail sales (September): sales expected to rise 0.3% MoM from 0.6% in the previous month. Markets to watch: USD crosses
    1.30pm – Canadian CPI (September): prices expected to rise 4.5% YoY and 0.5% MoM, from 4% and 0.4% respectively. Markets to watch: CAD crosses

    Wednesday
    3am – China GDP (Q3): QoQ growth forecast to rise to 0.9% from 0.8%, while YoY growth slows to 4.6% from 6.3%. Markets to watch: China indices, CNH crosses
    7am – UK CPI (September): prices expected to rise 6.5% YoY and 0.3% MoM, from 6.7% and 0.3% in August. Core CPI to rise 5.9% YoY from 6.2%. Markets to watch: FTSE 100/250, GBP crosses
    1.30pm – US housing starts/building permits (September): permits to fall 4.9% and starts to rise 7%. Markets to watch: USD crosses
    3.30pm – US EIA crude oil inventories (w/e 13 October): stockpiles rose by 10.2 million barrels in the preceding week. Markets to watch: Brent, WTI

    Thursday
    1.30am – Australia employment data (September): unemployment rate to hold at 3.7%. Markets to watch: AUD crosses
    1.30pm – US initial jobless claims (w/e 14 October): claims to rise to 212K from 209K. Markets to watch: USD crosses
    3pm – US existing home sales (September): sales expected to fall 2.1% MoM. Markets to watch: USD crosses

    Friday
    12.30am – Japan CPI (September): price growth forecast to slow to 3.1% YoY from 3.2%. Markets to watch: JPY crosses
    7am – UK retail sales (September): sales expected to rise0 0.3% MoM and 3.5% YoY, from 0.4% and -1.4% respectively. Markets to watch: GBP crosses
      Company announcements
     
    Monday 16 October
    Tuesday 17 October
    Wednesday 18 October
    Thursday 19 October
    Friday 20 October
    Full-year earnings
     
    Bellway
     
     
     
    Half/ Quarterly earnings
     
    Bank of America Corp,
    Goldman Sachs,
    Johnson & Johnson,
    United Airlines,
    Lockheed Martin
    Whitbread,
    ASML Holding,
    SAP,
    Netflix Inc,
    Tesla,
    Procter & Gamble,
    Alcoa
    Renault,
    AT&T Inc,
    American Airlines
    Schlumberger,
    American Express
    Trading update*
     
    Moneysupermarket.com
    Just Eat Takeaway
    Dunelm,
    LSE,
    Deliveroo,
    Schroders,
    Rathbones
    Foxtons,
    Wickes,
    Intercontinental Hotels
     
    Dividends
    FTSE 100: BAE Systems, Smiths Group
    FTSE 250: ITV, Coats Group, Marshalls, Close Bros
    Dividends are applied after the close of the previous day’s session for each market. So, for example, the FTSE 100 goes ex-dividend on a Thursday, but the adjustment is applied at the close of the previous day, e.g. Wednesday. The table below shows the days in which the adjustment is applied, not the ex-dividend days.
    Index adjustments
     
    Monday
    16 October
    Tuesday
    17 October
    Wednesday
    18 October
    Thursday
    19 October
    Friday
    20 October
    Monday
    23 October
    FTSE 100
     
     
    1.79
     
     
     
    Australia 200
     
     
     
     
    0.4
     
    Wall Street
     
     
    6.2
    8.6
     
     
    US 500
     
     
    0.36
    0.14
     
    0.10
    Nasdaq
     
     
    0.02
     
     
     
    Netherlands 25
     
     
     
     
     
     
    EU Stocks 50
     
     
     
     
    0.2
     
    China H-Shares
     
     
     
     
     
     
    Singapore Blue Chip
     
     
     
     
     
     
    Hong Kong HS50
     
    1.4
     
     
     
     
    South Africa 40
     
    62.8
     
     
     
     
    Italy 40
     
     
     
     
     
     
    Japan 225
     
     
     
     
     
     
     
  8. AshishIG
    Please see the interest rates that are used when IG calculates the overnight funding rate (per annum) on shares and indices. This does not include the IG admin fee. The information provided is an indication as of 16th Oct 2023 and will be published weekly on Mondays.

    *** It's important to note that the rates are subject to daily changes and are based on the currency of the underlying market, not the contract currency.
  9. AshishIG

    Dividend Adjustments 16th Oct - 23rd Oct 2023

    By AshishIG,


    Dividend Adjustments
    Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 16th Oct 2023. These are projected dividends and are 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. The amount in brackets is the expected adjustment after special dividends are 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. 
    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 the full non-independent research disclaimer and quarterly summary.
  10. AshishIG
    Please see the interest rates that are used when IG calculates the overnight funding rate (per annum) on shares and indices. This does not include the IG admin fee. The information provided is an indication as of 09th Oct 2023 and will be published weekly on Mondays.

    *** It's important to note that the rates are subject to daily changes and are based on the currency of the underlying market, not the contract currency.
  11. AshishIG
    Please see the interest rates that are used when IG calculates the overnight funding rate (per annum) on shares and indices. This does not include the IG admin fee. The information provided is an indication as of 02nd Oct 2023 and will be published weekly on Mondays.

    *** It's important to note that the rates are subject to daily changes and are based on the currency of the underlying market, not the contract currency.
     
  12. AshishIG

    Dividend Adjustments 9th Oct - 16th Oct 2023

    By AshishIG,


    Dividend Adjustment
    Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 9th Oct 2023. These are projected dividends and are 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. The amount in brackets is the expected adjustment after special dividends are 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. 
    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 the full non-independent research disclaimer and quarterly summary.
  13. AshishIG
    Find below the table that shows the number of days' worth of overnight funding fees you will be charged if you keep a Forex position open on a particular day. The overnight funding fee is the cost of holding a position overnight through 10 PM UK time, and it is charged at the end of each trading day. This fee is calculated based on the size of your position and the interest rate differential between the two currencies involved in the trade plus the IG admin fee.
    To help you manage your trading costs and make informed decisions, we have created this table that clearly displays the number of days' worth of overnight funding fee you will be charged. This information can be used to estimate the cost of holding a position over a certain period and to decide whether to keep it open or close it before the end of the trading day. In the future, we will regularly publish this table at the start of each new month.




    Disclaimer:
    Please note that in some cases, the number of days may change due to public holidays or bank holidays. We will do our best to inform you of any changes as soon as possible, but we recommend that you keep an eye on the holiday calendar to avoid any surprises.
  14. AshishIG

    Dividend Adjustments 2nd Oct - 9th Oct 2023

    By AshishIG,


    Dividend Adjustment
    Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 2nd Oct 2023. These are projected dividends and are 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. The amount in brackets is the expected adjustment after special dividends are 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. 

    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 the full non-independent research disclaimer and quarterly summary.
  15. AshishIG
    Key US indices declined after the Federal Reserve's rates announcement with the Nasdaq dropping 3.30%, the S&P closing 2.93% lower and the Dow Jones slipping 654 points.

    Indices Stock market index S&P 500 Personal consumption expenditures price index Nasdaq Inflation    Tony Sycamore | Market Analyst, Australia | Publication date: Monday 25 September 2023 12:13 Key US stock indices decline
    Aside from the now-standard Monday rally, key US stock indices lost ground every other day last week. The decline accelerated following the Fed's hawkish hold, where it reinforced its message of "higher for longer" rates. For the week, the Nasdaq lost 3.30%. The S&P500 closed 2.93% lower, and the Dow Jones slipped 654 points (-1.89%).
    To recap the key points from last week's Federal Open Market Committee (FOMC) meeting:
    The 2024 median dot moved up 50bp to 5.1% (from 4.6% in June), indicating just two cuts next year are expected vs. four previously. 12 of 19 Fed officials favour another rate hike this year. We remain of the view the interest rate market is too complacent about the possibility of one final rate hike before the year's end.
    However, with core personal condumption expenditure (PCE) inflation this week and expected to be well-behaved (previewed below), the most likely catalyst for a hawkish repricing ahead of the November FOMC is the September non-farm payroll jobs report, due for release the week after next (6 October).
    What is expected from Core PCE inflation (Thursday, 29 September at 10.30pm AEST)
    Last month, the PCE Price Index increased by 3.3% YoY in July, from 3% the previous month. The Feds preferred measure of inflation, the Core PCE Price Index, which excludes food and energy, increased by 4.2% YoY in July from 4.1% the previous month.
    This month, the PCE Price Index is expected to increase to 3.5% from 3.3% prior. The Core PCE Price Index is expected to ease to 3.9% YoY from 4.2% in July.
    Although Core PCE at 3.9% would be the lowest reading in two years, it is still twice the Fed's inflation target of 2%, and one of the key reasons the message from last week's FOMC was rates need to stay higher for longer.
    Core PCE price index
     
    Source: Trading Economics
    S&P 500 technical analysis
    Since early September, we have opined that the S&P 500 was missing another leg lower towards 4250/20 as part of the correction that started in July, including here and here.
    Last week's sell-off, which included a break of the August low, confirmed the missing leg lower was underway (Wave c of a possible Elliott Wave "abc" correction), and we continue to expect the S&P500 to move lower to test support 4250/20 area in the sessions ahead.
    Should signs of basing emerge in the 4250/4200 area, we will likely move to a positive bias, looking for the uptrend to resume towards the July high before a possible test of the bull market 2022, 4818 high.
    S&P 500 daily chart
     
    Source: TradingView
    Nasdaq technical analysis
    Much like the S&P 500, we have opined that the Nasdaq was missing another leg lower towards 4250/20 as part of the correction that started in July, including here and here.
    Last week's sell-off confirmed the missing leg lower was underway (Wave c of a possible Elliott Wave "abc" correction), and we continue to expect the Nasdaq to move lower towards wave equality support 14,200/14,000 area to complete a Wave IV (Elliott Wave) corrective pullback.
    Should the pullback play out as expected, we then expect to see a recovery, which would see the Nasdaq test and break the highs of July and possibly set up a test of the bull market 2021, 16764 high.
    Nasdaq weekly chart
     
    Source: TradingView
    TradingView: the figures stated are as of 25 September 2023. Past performance is not a reliable indicator of future performance. This report does not contain and is not to be taken as containing any financial product advice or financial product recommendation.
  16. AshishIG
    Please see the interest rates that are used when IG calculates the overnight funding rate (per annum) on shares and indices. This does not include the IG admin fee. The information provided is an indication as of 25th Sep 2023 and will be published weekly on Mondays.

    *** It's important to note that the rates are subject to daily changes and are based on the currency of the underlying market, not the contract currency.
  17. AshishIG

    The Week Ahead On The Markets

    By AshishIG,


    The Week Ahead
    The Week Ahead
    Read about upcoming market-moving events and plan your trading week
      Week commencing 25th September
    Chris Beauchamp's insight
    After the excitement of last week, attention this week turns to US durable goods orders and the monthly Personal Consumption Expenditure (PCE) price index. French, German and eurozone inflation will be key for near-term direction of the euro. Key corporate reports include ASOS, H&M, Nike and Carnival.

    Economic reports
    Monday
    9am – German IFO index (September): index expected to fall to 84.3. Markets to watch: EUR crosses
    1.30pm – Chicago Fed nat’l activity index (August): expected to rise to 0.15. Markets to watch: USD crosses

    Tuesday
    3pm – US new home sales (August), consumer confidence (September): sales to fall 1.7% MoM and confidence forecast to weaken, falling to 106.9. Markets to watch: USD crosses

    Wednesday
    7am – German GfK consumer confidence (October): index to rise to -24.8. Markets to watch: EUR crosses
    1.30pm – US durable goods orders (August): orders to fall 2.9% MoM. Markets to watch: US indices, USD crosses
    3.30pm – US EIA crude oil inventories (w/e 22 Sept): stockpiles fell by 2.1 million barrels in the previous week. Markets to watch: Brent, WTI

    Thursday
    1pm – German CPI (September, preliminary): prices to rise 5.9% YoY and 0.6% MoM, from 6.1% and 0.3% in August. Markets to watch: eurozone indices, EUR crosses
    1.30pm – US initial jobless claims (w/e 23 September), GDP (Q2, final): claims forecast to rise to 205K from 201K, and GDP to be revised to 2.2% QoQ. Markets to watch: US indices, USD crosses
    3pm – US pending home sales (August): sales expected to rise 0.2%. Markets to watch: USD crosses

    Friday
    2.45am – China Caixin services & manufacturing PMI (September): manufacturing PMI expected to drop back into contraction territory, falling to 49, while services rises to 52.6. Markets to watch: China indices, CNH crosses
     
    7.45 am – French CPI (September, preliminary): prices forecast to rise 4.8% YoY and fall 0.7% MoM, compared o 4.9% and a 1% rise in August. Markets to watch: eurozone indices, EUR crosses
    8.55am – German unemployment data (September): unemployment rate to hold at 5.7%. Markets to watch: EUR crosses
    10am – eurozone inflation (September, flash): prices expected to rise 5.5% YoY and 0.5% MoM, compared to 5.2% and 0.5% in August. Core CPI forecast to rise 4.5% YoY, a slowdown from August’s 5.3%. Markets to watch: eurozone indices, EUR crosses
    1.30pm – US PCE price index (August): the Fed’s preferred measure of inflation, PCE index forecast to rise 3.5% YoY and 0.4% MoM, compared to 3.3% and 0.2% in July. Core PCE expected to be 0.2%, in line with July. Markets to watch: US indices, USD crosses
    2.45pm – US Chicago PMI (September): index forecast to rise to 49. Markets to watch: USD crosses
      Company announcements
     
    Monday 25 September
    Tuesday 26 September
    Wednesday 27 September
    Thursday 28 September
    Friday 29 September
    Full-year earnings
      Ferguson,
    PZ Cussons,
    Close Brothers       Half/ Quarterly earnings
      AG Barr,
    Costco Saga,
    Old Mutual,
    Pendragon,
    H&M,
    Micron Tech Avacta,
    Nike Carnival Trading update*
      United Utilities,
    ASOS           Dividends
    FTSE 100: British American Tobacco, Rightmove, Smurfit Kappa, Barratt Developments, Phoenix Group, M&G
    FTSE 250: Kainos, TP ICAP, Foresight Group, Petershill Partners, Computacenter, Games Workshop, Hipgnosis Songs Fund
    Dividends are applied after the close of the previous day’s session for each market. So, for example, the FTSE 100 goes ex-dividend on a Thursday, but the adjustment is applied at the close of the previous day, e.g. Wednesday. The table below shows the days in which the adjustment is applied, not the ex-dividend days.
    Index adjustments
     
    Monday
    25 September Tuesday
    26 September Wednesday
    27 September Thursday
    28 September Friday
    29 September Monday
    2 October FTSE 100     7.65       Australia 200     0.6     0.1 Wall Street           2.6 US 500 0.29 0.09 0.56 0.14 0.02 0.33 Nasdaq     1.12     3.55 Netherlands 25             EU Stocks 50             China H-Shares             Singapore Blue Chip             Hong Kong HS50             South Africa 40   143.6         Italy 40             Japan 225     222.3
  18. AshishIG
    Please see the interest rates that are used when IG calculates the overnight funding rate (per annum) on shares and indices. This does not include the IG admin fee. The information provided is an indication as of 11th Sep 2023 and will be published weekly on Mondays.

    *** It's important to note that the rates are subject to daily changes and are based on the currency of the underlying market, not the contract currency.
  19. AshishIG

    Dividend Adjustments 11th Sep 2023 - 18th Sep 2023

    By AshishIG,


    Dividend Adjustment
    Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 11th Sep 2023. These are projected dividends and are 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. The amount in brackets is the expected adjustment after special dividends are 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. 

    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 the full non-independent research disclaimer and quarterly summary
  20. AshishIG
    Please see the interest rates that are used when IG calculates the overnight funding rate (per annum) on shares and indices. This does not include the IG admin fee. The information provided is an indication as of 04th Sep 2023 and will be published weekly on Mondays.

    *** It's important to note that the rates are subject to daily changes and are based on the currency of the underlying market, not the contract currency.
  21. AshishIG
    Find below the table that shows the number of days' worth of overnight funding fees you will be charged if you keep a Forex position open on a particular day. The overnight funding fee is the cost of holding a position overnight through 10 PM UK time, and it is charged at the end of each trading day. This fee is calculated based on the size of your position and the interest rate differential between the two currencies involved in the trade plus the IG admin fee.
    To help you manage your trading costs and make informed decisions, we have created this table that clearly displays the number of days' worth of overnight funding fee you will be charged. This information can be used to estimate the cost of holding a position over a certain period and to decide whether to keep it open or close it before the end of the trading day. In the future, we will regularly publish this table at the start of each new month.




    Disclaimer:
    Please note that in some cases, the number of days may change due to public holidays or bank holidays. We will do our best to inform you of any changes as soon as possible, but we recommend that you keep an eye on the holiday calendar to avoid any surprises.
  22. AshishIG

    Dividend Adjustments 4th Sep 2023 - 11th Sep 2023

    By AshishIG,


    Dividend Adjustment
    Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 4th Sep 2023. These are projected dividends and are 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. The amount in brackets is the expected adjustment after special dividends are 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. 



    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 the full non-independent research disclaimer and quarterly summary
  23. AshishIG

    The Week Ahead On The Markets

    By AshishIG,


    The Week Ahead
    The Week Ahead
    Read about upcoming market-moving events and plan your trading week

    Week commencing 28th Aug.
     
    Axel Rudolph's insight
    Following last week’s Jackson Hole symposium with its central bank guidance on monetary policy, this week’s focus will be on European and US inflation, consumer confidence and unemployment data. China and US manufacturing purchasing managers index (PMIs) and Japan/German retail sales will also be of interest to market participants. Although earnings season is winding down, earnings by Best Buy, Broadcom, Dell, HP and UBS may add some volatility to the mix.
     

     
    Monday
    UK bank holiday
    None
    Tuesday
    12.30am – Japan unemployment rate (July): unemployment rate to remain unchanged at 2.5%; Markets to watch: JPY crosses
    7am – German GfK consumer confidence (September): to rise to -22 Month-over-Month (MoM) from -24.4; Markets to watch: EUR crosses

    3pm – US JOLTs job openings (July): to fall to 9.57m MoM from 9.582m; Markets to watch: USD crosses

    3pm – US consumer confidence (August): to fall to 115 MoM from 117; Markets to watch: USD crosses
    Wednesday
    6am – Japan consumer confidence (August): confidence to rise to 37.2 MoM from 37.1; Markets to watch: JPY crosses

    1pm – German CPI (August, preliminary): prices to rise 6% Year-over-Year (YoY) and 0.2% MoM, slightly lower than in July; Markets to watch: EUR crosses

    1.15pm – US ADP employment report (August): to fall to 280K from 324K MoM; Markets to watch: US indices, USD crosses

    1.30pm – US GDP (Q2, 2nd estimate): growth expected to be an annualized 2.4% Quarter-over-Quarter (QoQ) versus 2% in the preliminary estimate; Markets to watch: USD crosses

    3pm – US pending home sales (July): expected to rise to 0.5% MoM from 0.3%; Markets to watch: USD crosses

    3.30pm – US EIA crude oil inventories (w/e 25 August): 1.467m in the week before; Markets to watch: Brent, WTI
    Thursday
    2.30am – China PMIs (August): manufacturing to rise to 49.5 and non-manufacturing to fall to 51 MoM; Markets to watch: China indices, CNH crosses

    7am – German retail sales (July): to rise to -0.3% from -0.8% MoM; Markets to watch: EUR crosses

    8.55am – German unemployment rate (August): annual unemployment rate to rise to 5.7% from 5.6% MoM; Markets to watch: EUR crosses

    10am – eurozone inflation (August, flash): prices to rise 4.9% YoY, core to 5.3% and 0.2% MoM; Markets to watch: eurozone indices, EUR crosses

    1.30pm – US PCE price index (July): prices to rise to 3.2% YoY and to remain unchanged at 0.2% MoM; initial jobless claims (w/e 26 August): to rise to 236K from 230K; Markets to watch: US indices, USD crosses

    2.45pm – US Chicago PMI (August): to rise to 45 MoM from 42.8; Markets to watch: USD crosses
    Friday
    2.45am – China Caixin manufacturing PMI (August): manufacturing to rise to 49.3 from 49.2; Markets to watch: China indices CNH crosses

    1.30pm – US non-farm payrolls (August): payrolls to fall to 180K MoM from 187K, unemployment rate to stay unchanged at 3.5%, average hourly earnings to remain unchanged at 0.4% MoM and 4.4% YoY; Markets to watch: US indices, USD crosses

    1.30pm – Canada GDP (Q2): growth expected to fall to 0.1% from 0.8% QoQ and annualized to 1.0% from 3.1%; Markets to watch: CAD crosses

    3pm – US ISM manufacturing PMI (August): manufacturing to rise to 46.6 from 46.4; Markets to watch: USD crosses
     
      Company announcements
     
     
    Monday
    28 August
    Tuesday
    29 August
    Wednesday
    30 August
    Thursday
    31 August
    Friday
    1 September
    Full-year earnings
     
     
     
     
     
    Half/ Quarterly earnings
     
    Bunzl,
    Faron Pharmaceuticals,
    HP,
    Best Buy
    Prudential,
    Delivery Hero,
    Salesforce
    UBS,
    Campbell Soup,
    Broadcom,
    Dell,
    Dollar General

    Trading update*

     
     

     
     
        Dividends
    FTSE 100: Glencore (interim & special), InterContinental Hotels, Antofagasta, Croda International, Endeavour Mining
    FTSE 250: Diversified Energy Co, Redde Northgae, Centamin, Alliance Trust, JLEN Group, Clarkson, PageGroup, Quilter, Savills, Genuit, LondonMetric Property, Ithaca Energy
    Index adjustments
     
    Monday
    28 August
    Tuesday
    29 August
    Wednesday
    30 August
    Thursday
    31 August
    Friday
    1 September
    Monday
    4 September
    FTSE 100
     
     
    3.95
     
     
     
    Australia 200
    1.6
    7.7
    12.4
    3.2
    1.5
    8.0
    Wall Street
     
    36.5
    10.0
    2.2
     
     
    US 500
    0.13
    0.76
    1.04
    0.24
     
    0.20
    Nasdaq
    0.07
    1.42
    3.01
    0.70
     
    0.06
    Netherlands 25
    0.40
     
     
     
    0.2
     
    EU Stocks 50
     
     
     
     
     
     
    China H-Shares
     
    0.4
     
    13.1
    1.0
     
    Singapore Blue Chip
     
     
    0.07
     
     
    0.04
    Hong Kong HS50
    11.1
    0.8
    3.2
    24.6
    11.8
    1.0
    South Africa 40
     
    16.0
     
     
     
     
    Italy 40
     
     
     
     
     
     
    Japan 225
     
    19.94
     
     
     
     
  24. AshishIG
    Please see the interest rates that are used when IG calculates the overnight funding rate (per annum) on shares and indices. This does not include the IG admin fee. The information provided is an indication as of 28th Aug 2023 and will be published weekly on Mondays.

    *** It's important to note that the rates are subject to daily changes and are based on the currency of the underlying market, not the contract currency.
  25. AshishIG

    Dividend Adjustments 28th Aug 2023 - 04th Sep 2023

    By AshishIG,


    Dividend Adjustment
    Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 28th Aug 2023. These are projected dividends and are 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. The amount in brackets is the expected adjustment after special dividends are 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. 

    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 the full non-independent research disclaimer and quarterly summary

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