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KoketsoIG

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Everything posted by KoketsoIG

  1. Hi @andremkm1, Thank you for your post, just to confirm, are you querying the expiry date on the FTSE 100 daily option that it is showing as 25/08/2023? Thanks, KoketsoIG
  2. Hi @Smarty13, Thank you for your patience and happy Monday! Please note that the corporate actions team has confirmed that there are two options: Option 1. Holders who tender will receive USD 1.1059 plus one non-transferable contingent value right for each share surrendered. Option 2. No Action (Default). You will have to select Option 1 to receive the cash plus the contingent value right of the surrendered shares. Have a great week ahead, KoketsoIG
  3. Hi @HYDROCARBON, Thank you for your request. Please note that the above stock is unfortunately not available for leveraged accounts (spread betting and CFD). We have internal market requirements that a stock must meet to be offered on leveraged accounts. You can only trade this stock within a share dealing account. All the best, KoketsoIG
  4. Hi @andremkm1, Please note that the FTSE 100 Daily option prices with 01/09/23 are accurate. Have a great day ahead, KoketsoIG
  5. Hi @andremkm1, Kindly send us your account details via private message so we can have a look at you account and confirm this with our options desk. All the best, KoketsoIG
  6. Hi @Smarty13, Thank for your post. Please note that this has been forwarded to our corporate actions team and we will revert once we have received feedback. Thank you for your patience in this regard. All the best, KoketsoIG
  7. Hi @eileen, Thank you for your post, we understand your concern. Please note that all dividend adjustments, including the ones from the platform are projected and are subject to change. However, please note the the adjustments posted above for the week beginning on Monday 4th September can be regarded as reliable estimates. All the best, KoketsoIG
  8. Hi @POC, Thank you for your questions. 1. Yes, Please note that forex settles on a T+2 basis, therefore, positions held through 10PM (UK time) on the 6th of Sept (a Wednesday) would will incur three days’ worth of funding to cover the settlement of trades over the weekend. A position that is held through Wednesday 10PM (UK time) it's effectively being held through the weekend as positions can't be settled until after Friday 10PM (UK time). 2. This is because of interest rate differentials between the two currencies in a pair, which are constantly changing. All the best, KoketsoIG
  9. Hi @dabb1er, Thank you for your post. Please note that the book cost that appears on the platform is an aggregated book cost for a specific share to date. It is calculated by adding the total book cost of the share divided by the total number of shares. All the best, KoketsoIG
  10. Hi @AndrewUK87, Please note that the quiz is usually sent out to people who have applied for leveraged accounts (CFD and spread bet). If you have not received any quiz, it means you have applied for a share dealing account. If you have any pending verification documents to submit, kindly send them to newaccounts.uk@ig.com All the best, KoketsoIG
  11. The dollar holds losses and waits for more job data Some economic data is out in the US. today at 1:30 p.m. and the UK should be of interest. Personal income and spending, core PCE prices, and initial jobless claims, meaning jobs data is one of the market's main focus this week. Shares Commodities Price Consumer price index Unemployment /business/market_index Jeremy Naylor | Analyst, London | Publication date: Thursday 31 August 2023 09:17 APAC equity markets Equity markets were mixed on Thursday in the Asia-Pacific region. Hong Kong's Hang Seng recorded losses as the NBS manufacturing purchasing managers' index (PMI) remained in contraction territory for a fifth straight month. Non-manufacturing PMI fell to 51 from July's 51.5, led by the continuing fall in services activity. Japanese industrial production In Japan, industrial production contracted 2% in July month-over-month (MoM), affected by weakening overseas demand and China's economic slump. Retail sales rose 6.8% in July from a year earlier, beating the market forecast for a 5.4% gain and marking a 17th month of increase. Bank of Japan Diverging comments from Bank of Japang (BOJ) board members suggest there is clearly no consensus on how soon the BOJ can scale back its massive monetary stimulus. One of them, Naoki Tamura, said on Wednesday that Japan's inflation was "clearly in sight" of the central bank's target. On Wednesday, another board member, Toyoaki Nakamura, warned that it would be premature to tighten monetary policy. Recent increases in inflation were mostly driven by higher import costs rather than wage gains, and tightening before rising prices are accompanied by higher import costs rather than wage gains would hurt domestic demand and corporate profits. Eurozone consumer price index The consumer price index in the eurozone should decelerate for a fourth consecutive month. Headline consumer price index (CPI) is expected to be 5.1% in August year-on-year (YoY), down from 5.3% in July, a level not seen since January 2022. JOLT Some economic data is out in the US. today at 1:30 p.m and the UK should be of interest. Personal income and spending, core personal consumption expenditures (PCE) prices, and initial jobless claims, meaning jobs data is one of the market's main focus this week. After the fall in the Job Openings and Labor Turnover Survey (JOLT) on Tuesday, the APD survey yesterday showed that employment in the private sector has softened in August. 177,000 jobs created. That is nearly 200,000 fewer than in July. Tomorrow, August non-farm payrolls Economists see 170,000 job creations, and the unemployment rate is forecast to stay at 3.5%. UBS Swiss banking giant UBS posted the biggest-ever quarterly profit for a bank in the second quarter as a result of its emergency takeover of Credit Suisse. The Q2 group net profit attributable to shareholders was $28.875 billion vs. analysts' estimates of $33.45 billion, so it was a disappointment, but the sheer size of the quarterly profit was a direct result of the accounting difference between the $3 billion price UBS paid for Credit Suisse and the value of the acquired lender's balance sheet. In reality, there was a Q2 group negative goodwill of $28.9 billion. UBS confirmed that it would fully integrate the local business of Credit Suisse by next year. Oil prices Oil prices were little changed on Wednesday. The Emergency liquidity assistance (ElA) inventories show a substantial drop in crude oil stocks last week, confirming Tuesday's Application Programming Interfaces (API) data. Domestic production remained unchanged at 12.8 million bpd, its highest since March 2020, but strong exports and sustained demand from refineries meant that crude oil inventories fell 10.6 million barrels last week. U.S. gasoline stocks fell by 200,000 barrels, while distillate stockpiles rose by 1.2 million barrels. This is here for you to catch up but if you have any ideas on markets or events you want us to relay to the TV team we’re more than happy to.
  12. Hi @WokMan, Unfortunately we do not have a platform for this type of data that goes years back on our website. We only provide an outlook of the upcoming events including dividends for the month on our Economic Calendar. We also have Market Data for data, sentiment and news for your market which can be accessed from our website. All the best, - KoketsoIG
  13. Hi @Crayzee, Thank you so much for your suggestion. Please note that your suggestion has been recorded and sent to the relevant team for consideration. All the best, KoketsoIG
  14. Hi @Crayzee, Please note that the process differs depending on where your transferring broker is from: In order to initiate a transfer from a UK broker, you need to: 1. Log into your IG dashboard, if you hold an active share dealing/ISA account with us 2. Go to the ‘live accounts’ tab. 3. Click on the drop-down list and select the relevant share dealing/ISA account you’d like to switch to. 4. Transfer to a share dealing account by selecting ‘stock transfer’ or click ‘ISA transfers’ for ISAs. 5. Select ‘start request now’ and respond to the prompts that follow. 6.Print the generated document with pre-populated information and place a wet signature on it. Email the signed document to transfers@ig.com or post it to the address on the form. 7. Use your IG dashboard to track transfers you’ve made. While we make every effort to communicate the progress of your transfer via email, it's your responsibility to follow updates on your My IG dashboard. If your broker is based outside the UK or in the US, they will have to initiate the transfer from their end. You can find the full transfer process on our website: Transfer In All the best, KoketsoIG
  15. Charting the Markets: 30 August Stocks resume their bullish run. EUR/GBP and AUD/USD higher, while USD/CAD rally falters. And WTI, gold rise while Chicago wheat drops to near 3-month low. Axel Rudolph FSTA | Senior Financial Analyst, London | Publication date: Wednesday 30 August 2023 12:00 This is here for you to catch up but if you have any ideas on markets or events you want us to relay to the TV team we’re more than happy to.
  16. Hi @Crayzee, Thank you for your post. Please note you can transfer Legal General Group PLC shares, with ticker LGEN to your IG account. All the best, KoketsoIG
  17. JOLTs data sends the dollar lower; gold and oil jump The greenback fell on the late job data. JOLT's job openings came in at 8.827 million, lower than the 9.5 million expected, reducing the chances for further the Federal Reserve (Fed) rate hikes. Forex Shares Commodities ETF Federal Reserve United States Jeremy Naylor | Analyst, London | Publication date: Wednesday 30 August 2023 09:17 Asia-Pacific equity markets Asia-Pacific equity markets rose overnight, following US indices gains on Tuesday as the USD lost ground against major currencies. The greenback fell on the late job data. Job Openings and Labor Turnover Survey's (JOLT) job openings came in at 8.827 million, lower than the 9.5 million expected, reducing the chances for further the Federal Reserve (Fed) rate hikes. The Reserve Bank of Australia In Australia, too, there are hopes that the Reserve Bank of Australia (RBA) has done enough to beat inflation. Inflation in July fell to 4.9%, its lowest level since early 2022. Macroeconomic indicators A few macroeconomic indicators are scheduled throughout the day. In Germany, the consumer price index is expected to fall from 6.2 to 6%, but the risk may be on the upside because of soaring wages, which saw the Q2 wage data climb to 6.6%. Over in the US, US private payrolls today from automatic data Processing (ADP) should slow to 195,000 from 324,000 in July. And the market awaits a second reading for Q2 gross domestic product (GDP). The US economy is expected to have expanded by 2.4%. Prudential's operating profit Elsewhere on the equity markets, Prudential's operating profit rose 3.6% in the first half to $1.46 billion. Annualised premium equivalent sales, a closely watched gauge of insurance sales, rose 37% to $3 billion following the end of China's zero COVID-19 policy late last year. HP earnings HP, an all-session stock on the IG platform, dropped in extended hours after missing revenue expectations and lowering its earnings forecast for the full year. For more than a year now, HP has been battling a slump in the PC segment. Inflation and an uncertain global economy triggered a decline in demand for consumer electronics. Earnings came in line with expectations at 86 cents per share, helped by cost control measures, but revenue fell 9.9% to $13.20 billion, missing analysts' estimates of $13.37 billion. HP now forecasts adjusted earnings per share to be in the range of $3.23 to $3.35, up from earlier expectations of $3.30 to $3.50. Oil prices Oil rose substantially on Tuesday afternoon, as the dollar was falling. Investors are also increasingly worried about Hurricane Idalia, which is churning over the Gulf of Mexico, The offshore Gulf of Mexico accounts for about 15% of U.S. oil output and about 5% of natural gas production, according to the emergency liquidity assistance (ElA). Oil also found support in the latest application programming interface (API) inventory data. The institute reported a 11.5 million-barrel fall in crude oil stocks, when analysts expected only a drop of 2.9 million barrels. Gasoline and distillate stocks rose, respectively, by 1.4 and 2.5 million barrels. Bitcoin Bitcoin rose more than 6% on Tuesday, a federal court ruled that the U.S. securities regulator was wrong to reject an application from Grayscale Investments to create a spot bitcoin exchange-traded fund (ETF). Judges said the SEC failed to fully explain its reasoning when denying Grayscale's product and should review its decision. Grayscale This court decision does not mean Grayscale's exchange-traded fund (ETF) is automatically approved, but it is nonetheless a big step towards the creation of the first product of its kind. Grayscale's CEO called the court decision a "historic milestone for American investors." As for the SEC, it said it was reviewing the court's decision in order to determine next steps. It has 45 days to appeal the ruling. This is here for you to catch up but if you have any ideas on markets or events you want us to relay to the TV team we’re more than happy to.
  18. Asian stocks track Wall Street higher as investors look ahead to this week's economic data to get an idea of where rates could be heading. Japan's unemployment rate for August surprised to the upside when it came in at 2.7% versus and expected and previous 2.5%. The country's government said that it may be at an inflection point in its 25-year battle with deflation, though hardly had any impact on the yen. Planned LNG strikes in Australia keep European gas prices elevated while weaker-than-expected German consumer confidence will be followed by U.S. confidence and job openings at 3pm ahead of Friday's all-important Non-Farm Payrolls.
  19. The HSI rebound continues after the government's market boost in China APAC equity markets rose overnight in the wake of Monday's US session. Hong Kong's Hang Seng continued to outperform after the Chinese Finance Minister announced on Sunday that he would cut by half the stamp duty on stock trading. Shares Commodities Stock market United States Revenue Inventory Angela Barnes | Financial presenter/producer, London | Publication date: Tuesday 29 August 2023 09:10 APAC equity markets APAC equity markets rose overnight in the wake of Monday's US session. Hong Kong's Hang Seng continued to outperform after the Chinese Finance Minister announced on Sunday that he would cut by half the stamp duty on stock trading. After 17 months of suspension, Evergrande is trading again. The stock fell 79% on Monday and lost more ground overnight. Toyota In Japan, Toyota is suspending operations at all assembly plants in the country due to a problem with its production system. The automaker has already halted 12 of its 14 The last two will stop all activity on Tuesday afternoon. According to Reuters, these 14 plants in Japan account for around a third of Toyota's global production. Japan's unemployment rate Japan's unemployment rate unexpectedly increased to 2.7% in July from 2.5% in June, defying market forecasts for no change. This was the highest jobless rate in four months. The British retail consortium Prices in British store chains rose in August at the slowest pace in nearly a year, according to the British retail consortium. Annual shop price inflation cooled to 6.9% in August, its lowest since October 2022, weakening from 7.6% in July. Food price inflation fell to 11.5% from July's 13.4%. The GfK consumer confidence In Germany, GfK consumer confidence unexpectedly fell to -2.25 in September. Economists had anticipated a small increase from the 24.6 recorded last month. US indices Over in the US, the market awaits S&P/Case-Shiller home prices at 2 p.m., expected to rise by 0.6% in June. At 3 p.m., JOLT's job openings are forecast to fall for the third month in a row to just under 9.5 million. This would be the lowest level of openings since May 2021. Also at 3 p.m., conference board consumer confidence was seen at 116 in August, one notch lower than in July. US equity markets On the equity market, watch out for Bunzl shares at the open. The business supplies distributor raises its annual adjusted operating profit forecast on the back of lower operating costs and as acquisitions pay off. Over in the US, the market awaits a few important corporate reports, starting with Best Buy at lunchtime. The electronics retailer hasn't had the best time recently, as it had to deal with too much inventory, which had a negative effect on its profits and margins. In the second quarter, Best Buy's earnings are forecast at $1.07 per share, to be compared to the $1.54 recorded in the same quarter a year ago. Revenue should reach $9.52 billion. But any positive news on the level of the stock could support it. HP shares Inventories are also a concern for HP, which will report on Tuesday after the close of the US market. The PC and printer maker is seen posting earnings of 86 cents per share, down 17% on the same quarter last year. Revenue is also expected to fall by 8.5% to 13.38 billion. HP shares have been on a slow but steady rise since October last year and hit a 52-week high in July, when a Gartner survey said that a gradual increase in demand contributed to an inventory reduction in the sector. Hewlett Packard Enterprise As for Hewlett Packard Enterprise, it will also report tonight after the bell. The enterprise-level hardware and software maker is forecast to post earnings of 47 cents per share, on cent lower than the same quarter a year ago. Investors will be particularly attentive to the group's performance in the new hot AI sector. In Q1, AI segment accounted for 3.8 percentage points of a 12.2% net revenue increase, in Q2, it contributed 1.9 percentage point to a 8.1% revenue rise. In Q3, revenue is seen rising by 0.7% year-on-year (YoY) to just under $7Bln. The pace of revenue growth is not a new problem. It is mainly due to a decline of the hardware side of the business, and investors want to see AI as a new growing source of revenue. Brent and WTI Little moves on Brent Oil and WTI on Tuesday. The scenario remains the same. there are concerns over demand and possible US rate hikes, but these are offset by tight supplies. A tropical storm hit western Cuba yesterday and is heading towards Florida. It is likely to cause power outages and disrupt oil production on the eastern side of US Golf coast. This is here for you to catch up but if you have any ideas on markets or events you want us to relay to the TV team we’re more than happy to.
  20. Charting the Markets: 25 August Stock indices give back gains ahead of Fed Chair speech. EUR/USD, EUR/GBP and GBP/USD drop despite rising UK consumer confidence. Brent crude oil recovers as gold, silver stall. Axel Rudolph FSTA | Senior Financial Analyst, London | Publication date: Friday 25 August 2023 11:56 This is here for you to catch up but if you have any ideas on markets or events you want us to relay to the TV team we’re more than happy to.
  21. The dollar rises to an 11-week high; indices fall around the globe The US dollar continued to rally on Friday morning, having a negative effect on equity markets. On Thursday, US indices fell in excess of 1%. Forex Shares Gap Inc. Consumer confidence United States Inflation Jeremy Naylor | Analyst, London | Publication date: Friday 25 August 2023 09:12 The US dollar The USD continued to rally on Friday morning, having a negative effect on equity markets. On Thursday, US indices fell in excess of 1%. Nikkei suffered losses in the Asia Pacific (APAC) region. At the Federal Reserve's (Fed) banking symposium today in Jackson Hole, we hear from Christine Lagarde at noon, and then at 3 p.m. the keynote address from Fed Chairman Jerome Powell. The UK Consumer Confidence Index UK consumer confidence rose more than expected in August. The index recorded its biggest gains since April, as evidence suggests that the high cost of living is finally beginning to ease. The Growth From Knowledge Consumer Confidence Index (Gfk) is still negative, though, and the easing of the situation is all relative. Rising to -25, five points better than the previous month. Economists anticipated a gain of only one point to -29. The British consumer price index British consumers' mood perked up as lower inflation made individuals less downbeat. With the consumer price index now at 6.8%, wage growth is now close to matching inflation for the first time in nearly two years. Households' expectations for their personal financial situation over the coming year rose to -3 from -7. A year ago, when energy prices were soaring, this indicator was down to -31. Part of this is the rise in wages, which are climbing at their fastest rate on record in the most recent data. German economy overview In Germany, final estimates of gross domestic product in the second quarter stayed unchanged, at 0% quarter on quarter (QoQ) and -0.2% on an annualised basis. At 9 a.m., Ifo's business climate is forecast to decline for a fourth straight month to 86.7 from 87.3 in July. Gap Gap posted its quarterly report yesterday after the closing bell. The clothes retailer posted 34 cents per share in earnings in the second quarter, higher than the 10 cents expected. Net sales fell 8% to $3.55 billion, narrowly missing analysts' estimates of $3.58 billion. As the top and bottom lines show, Gap has also been battling declining sales and even warned it was losing market share to rivals like Shein, Amazon, and T.J. Maxx. Gap and Banana Republic The group had no choice but to close underperforming Gap and Banana Republic stores to save on costs. Gap had to part with 2,000 jobs to shield its margins. Gap warned that sales would continue to decline at a steeper rate in the current quarter and now sees fiscal 2023 net sales decreasing in the mid-single-digit percentage range. This is here for you to catch up but if you have any ideas on markets or events you want us to relay to the TV team we’re more than happy to.
  22. The resumption of the FANG stocks long-term uptrend calls for new record highs. Source: Bloomberg Shares Big Tech Meta Platforms Artificial intelligence Market trend Google Axel Rudolph FSTA | Senior Financial Analyst, London | Publication date: Thursday 24 August 2023 13:47 Where to next for FANG stocks? Following much-better-than expected results by the chip maker Nvidia and a surge in its after-hours share price by close to 10%, taking it to an all-time record high, how do FANG stocks fare? (Former) Facebook (Meta), Apple, Amazon, Netflix and Google (Alphabet) shares have benefitted from the ongoing Artificial Intelligence (AI) mania and have resumed their collective long-term uptrend when looking at the FANG index. FANG Daily Chart Source: ProRealTime The fact that the July-to-August resistance line at 7,660 has been breached and that a daily chart close above the 55-day simple moving average (SMA) at 7,747 has also been made with Wednesday’s close, indicates with a high probability that the recent correction has run its course. Once the June peak at 7,925 has also been overcome, not only is the current July all-time high at 8,298 likely to be exceeded but a new record high is also expected to be hit before the end of the year. FANG Weekly Chart Source: ProRealTime Only a currently unexpected slip back and fall through last week’s low at 7,179 would question the bullish outlook. Which stocks are likely to outperform? When looking at the FANG constituents one can clearly see that Meta has been a great outperformer year-to-date with its shares rising by 135%, driven by AI- and Threads- related profits, followed by Amazon’s near 58% rise, ahead of the other FANG companies’ around 45% advance. FANG comparison chart Source: Google Finance Over the past month Alphabet and Amazon have outperformed Meta, though, rising respectively by around 9% and 5%, compared to Meta’s 1% advance, as their AI projects have also gained investors’ attention and Meta’s share price took a nosedive over the past few weeks. Since much of the past month was spent in a downward corrective phase for all U.S. stocks, the relative out- or underperformance of individual FANG stocks during this time might not be representative. It is therefore hard to say which of these stocks will outperform on a relative basis until the year end. What about Microsoft? Stocks like Microsoft, although also involved with AI, still lag FANG stocks with a year-to-date gain of around 37% and are unlikely to outperform these in the near future. And Nvidia? Nvidia’s stellar share price rise of around 240% year-to-date dwarfs all others with the share expected to open above the psychological $500 mark in new record highs on Thursday. A 170% increase in Nvidia sales this quarter, doubling of its revenue quarter-on-quarter and significantly increased profits due its 60% market share and the growth in AI have propelled it and other technology mega stocks significantly higher. This upward momentum is likely to continue for the foreseeable future.
  23. Charting the Markets: 24 August Stock indices rally as Nvidia reports stellar results. EUR/USD, EUR/GBP and USD/JPY focused on Jackson Hole symposium. And WTI, natural gas prices slip as gold heads for fourth straight day of gains. Shaun Murison | Senior Market Analyst, Johannesburg | Publication date: Thursday 24 August 2023 12:00 This is here for you to catch up but if you have any ideas on markets or events you want us to relay to the TV team we’re more than happy to.
  24. Outlook on WTI, gold and natural gas as the Jackson Hole symposium kicks off. Source: Bloomberg Axel Rudolph FSTA | Senior Financial Analyst, London | Publication date: Thursday 24 August 2023 11:06 WTI slips towards mid-July high WTI’s failed attempt of a rally to Monday’s $81.73 per barrel high has been followed by a drop to a one-month low at $77.60 on demand worries. The oil price slid for a fourth consecutive session as softer-than-expected flash PMIs in the Eurozone, UK and US raised concerns about future energy demand. A fall through Wednesday’s low at $77.60 would put the $77.17 mid-July high on the map, below which meanders the 200-day simple moving average (SMA) at $75.98. The $78.65 mid-August low acts as minor resistance ahead of the minor psychological $80.00 mark. Source: ProRealTime Gold on track for fourth straight day of gains The bullish reversal in the gold price from this week’s $1,885 per troy ounce low is taking it towards the mid-June low at $1,925 ahead of the Jackson Hole symposium where central bankers will guide markets on their interest rate outlooks. Another potential upside target is the 55-day simple moving average (SMA) at $1,934 while support comes in along the 200-day simple moving average (SMA) at $1,910. Source: ProRealTime Natural gas futures fall towards July low Natural gas prices are on the way down again as Australian strike risk fades. A preliminary agreement reached between Woodside Energy and unions at a major Australian liquefied natural gas (LNG) site has also pushed European gas futures prices down by around 13% on Thursday morning. The fall through the June-to-August uptrend line at $2.598 MMBtu puts the July and early August lows at $2.481 to $2.480 on the map. If also slipped through, the 8 June high at $2.415 may also be reached. Minor resistance above the breached uptrend line can be found between the 18 August low at $2.620 and the 55-day simple moving average (SMA) at $2.656. Source: ProRealTime
  25. Hi there @AndrewAJackson, Thank you for your post. Please send us your account details via private message and we will investigate this on your behalf. All the best, KoketsoIG
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