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Charting the Markets: 15 August FTSE 100, Dow and Hang Seng all come under pressure. EUR/USD, GBP/USD recover from multi-week lows while USD/JPY surges ahead. And Brent crude oil recovers on China MLF cut while wheat and OJ prices remain under pressure. Chris Beauchamp | Chief Market Analyst, London | Publication date: Tuesday 15 August 2023 12:03

UK wage growth hits a record in June, putting more pressure on the BOE In the UK, the unemployment rate unexpectedly rose in June to 4.2%, economists had expected the rate to remain at 4%. Unemployment in the UK is back to levels not seen since October 2021. Forex Unemployment United Kingdom Economic growth China United States Jeremy Naylor | Analyst, London | Publication date: Tuesday 15 August 2023 09:19 US indices US indices closed higher on Monday, led by the tech sector. NVIDIA rose 9%, and AMD ended the session 5% higher. Japan overview In Japan, the Nikkei traded higher as the economy grew much faster than expected in the second quarter, gaining 1.5%, much bigger than median estimates of 0.8%. A performance due to a brisk rebound in exports. Exports expanded 3.2% in the second quarter, led by car exports as Japanese automakers benefited from a weaker yen. Chinese economy overview In China, an array of economic indicators released this morning show that the World's second-largest economy has slowed further. Industrial output rose 3.7% from a year earlier, a slower rate than the 4.4% in June and below expectations for a 4.4% increase. The People's Bank of China Retail sales rose 2.5%, down from a 3.1% increase in June and missing analysts' forecasts of 4.5% growth. The unemployment rate rose one notch to 5.3%. Less than an hour before the release of a batch of July data, the People's Bank of China (PBOC) cut its one-year marginal lending facility rate (MLF) for the second time in three months by 15 basis points to 2.5%. UK unemployment In the UK, the unemployment rate unexpectedly rose in June to 4.2%. Economists had expected the rate to remain at 4%. Unemployment in the UK is back to levels not seen since October 2021. UK GDP Average hourly earnings, including bonus growth, accelerated in June to 8.2%. After the gross domestic product (GDP) figures reported last week were better than expected and consensus was firmly in favour of more rate hikes, But whether or not 50bps is back on the table or the Bank of England (BOE) might communicate a less aggressive stance moving forward is up to the CP| to figure out. tomorrow. ZEW At 10 a.m. in Germany, ZEW (Zentrum für Europäische Wirtschaftsforschung) economic sentiment is expected to remain at -14.7 in August. US retail sales Also, a few indicators are scheduled in the US. retail sales are forecast to rise by 0.4% in July MoM. Then at 3 p.m., The National Association of Home Builders (NAHB) housing market index is expected to remain at 56 in August, and business inventories are seen rising by 0.1% in June month-over-month (MOM). Legal & General On the equity market, Legal & General reported an above-forecast operating profit of £941 million in the first half and said it was on track to meet its five-year ambitions. Marks & Spencer said the first 19 weeks of the year have seen continued market share growth in both the clothing and home and food businesses. Just Group Just Group posted an underlying operating profit of £173 million, up 154%, driven by significantly higher new business profits. Home Depot Over in the US, Home Depot is set to report at 11 a.m. UK time on Tuesday. Like other do it yourself (DIY) chains, Home Depot is going through tough times. After benefiting from an increase in spending during the pandemic, Home Depot is now having to deal with a slowdown in consumer spending, aggravated by high inflation, which forced consumers to prioritise essential goods such as food and energy. Adjusted earnings per share (EPS) is estimated to drop 11.7% to $4.46. Revenue is forecast to fall by nearly 4% to $42.2 billion. 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.

Hi @Mimi, Thank you for your response. Please note that when selling US equities, there is a 0.00229% US on exchange fee that applies. This charge appears on your transactions history (statements) as " Section 31 fee" and is not included in the income summary for tax reporting. With regards to withholding this rate on the sale of shares on behalf of the IRS, I will provide an update when I have received feedback from our tax team. Apologies for the delayed response and I appreciate your patience in this regards. Talk to you soon, KoketsoIG

Hi @cate, Thank you for your post. We would like to apologise for the delayed response. Please be informed that the team concerned will be making changes to the example soon. Thank you so much for bringing this to our attention. We will provide an update once the page has been amended. Have a great day, KoketsoIG

Watch wheat, corn, soy price volatility, rising Black Sea tensions Chicago wheat, soybeans, and corn lost ground and bounced back as a Russian warship’s firing of warning shots at a cargo ship in the Black Sea region heightened concerns over world supplies. Shares Commodities Wheat Soybean Futures contract Chicago Angeline Ong | Financial Analyst, Presenter and Content Editor, London | Publication date: Monday 14 August 2023 12:16 IGTV financial analyst @AngelineOng takes a look at which direction sentiment is blowing for these agricultural commodities. (Video Transcript) We're seeing lots of volatility in Chicago Wheat and also soybeans and corn. Giving you the charts in just a moment. But the reason for this volatility is after a Russian warship fired warning shots at a cargo ship in the Black Sea region. And all this is feeding into concerns the world supplies. Chicago Wheat Let's have a look at the chart. Now, this is Chicago wheat there. As I mentioned earlier, a lot of the volatility has come down slightly, but we are still seeing that Chicago Board of Trade, the financial instrument, they're adding some 0.45%. Corn That's 0.45% now. Checking in on corn for you as well. This is a picture there for core similar to wheat. We have seen some of that volatility come off. Soybeans Now, how about soybeans? Here we are, soybeans on the platform. Same picture there. However, we're still seeing a gain of more than 1%. The Russian warship, which fired the warning shots, there hasn't been any indication yet as to what its intentions were. But we do know that this was the first time that Russia has fired on merchant shipping beyond Ukraine since exiting a landmark U.N. brokered Green Deal last month. Commodity Futures Trading Commission So where is the salad dressing? How do we read and filter this information? Well, I can tell you that the Commodity Futures Trading Commission has weekly commitments of a trader's report. Also show that noncommercial traders, a category that includes hedge funds, have increased their net short positions in sea wheat and cut their net long position in soybeans.

Charting the Markets: 14 August FTSE 100 hit by selling, but DAX and Nasdaq 100 show signs of stabilising. Dollar strength lifts USD/JPY back to July highs while EUR/USD and GBP/USD remain under pressure. Chris Beauchamp | Chief Market Analyst, London | Publication date: Monday 14 August 2023 12:05 And gold and silver higher, while oil prices look to move upwards again.

Foxconn, the world’s biggest contract electronics maker, has added to the souring consumption outlook from the tech sector. Shares Foxconn Baidu Alibaba Group JD.com iPhone Angeline Ong | Financial Analyst, Presenter and Content Editor, London | Publication date: Monday 14 August 2023 11:45 IGTV financial analyst @AngelineOng investigates what the recent guidance from the Taiwanese manufacturer, Apple, Alibaba, JD.com, and NVIDIA tell us about the global economy in the second half. (Video Transcript) Foxconn Q2 profits Just keeping an eye on Apple, which is an old session stock on IG. This is after mega Apple supplier Foxconn said Q2 profits slipped 1% and downgraded its annual sales outlook. Apple stock Now, just taking a look at Apple's stock because it has risen, as you can see there. But that pattern is really kid has dropped off and that is also due in part to Apple's results and outlook which indicated soft demand for its latest iPhone and weakness in the global economy. Foxconn However, this number from Foxconn is terribly important because the Taiwanese company is the world's biggest contract electronics maker. And when it makes that sort of comment, the world of investing lessons. Now, the group or the unit in Foxconn, which includes smartphones and makes up about half of Foxconn's total revenue while this division is expected to report sales that slightly will fall year on year in the third quarter. Baidu and JD All this, of course, feeds into this slow down picture, just showing you a picture of Baidu and JD in a moment. As you can see that these stocks have also tipped slightly lower. So, you are there a similar picture and it has come down. Both JD and Baidu's shares fell after Beijing's recent economic support measures failed to lift stocks like Alibaba and Baidu and JD Chip stocks across the board also fell. Japan in Japan's chip makers and chip related stocks fell early in the session. So where is the salad dressing now? If we don't see more support measures come through to boost demand, especially in China, we could see a continuation of weak consumption for tech goods makers going into the second half.

Commodity prices have been given some respite from the stronger dollar, and precious metal bulls will be hoping for a change in trend from recent losses. Source: Bloomberg Chris Beauchamp | Chief Market Analyst, London | Publication date: Monday 14 August 2023 11:06 Gold edges higher The price has moved slightly higher this morning, halting the run to the downside for now. A close above $1930 would still be needed to suggest that the buyers have managed to wrest some control back from sellers. The zone around $1900 may continue to provide support, but a close below the 200-day SMA would certainly contribute to the negative medium-term view. Source: ProRealTime WTI bulls refuse to go quietly While the price remains off last week’s highs, the buyers are not giving up easily. Friday’s session ended in indecisive fashion, and already buyers have come in at the lows on Monday morning. A close below $81 might signal some additional near-term weakness is developing. Buyers will want a close back above $84 to suggest that a new leg higher has begun. Source: ProRealTime Silver downside stalled for now Like gold, silver has suffered a severe rebuff since mid-July. For the moment, buyers have defended the area just above $22.50, and this might yet result in a low being created. A close back above the 200-day SMA might reinforce the bullish view, and potentially open the way to the highs above $25. Sellers will want a close back below $22.50 to resume the downward move, and this would then open the way to the late June lows at $22.20. Source: ProRealTime

European indices open lower after a negative session in APAC European indices opened lower, following a negative session overnight in the Asia-Pacific region. Forex Shares Inflation Consumer price index United Kingdom Japanese yen Writer, | Publication date: Monday 14 August 2023 09:39 European indices European indices opened lower, following a negative session overnight in the Asia-Pacific region. USD/JPY In Japan, the JPY is back in Government intervention territory. After a week of constant declines, USD/JPY hit $145 a few hours ago. ¥145.21, a level not seen since last November. It was at that level that the Japanese government decided to intervene in the currency market last September. It did so again a month later when USD/JPY rose above $151. Macroeconomic indicators A few macroeconomic indicators are expected this week in the UK. On Tuesday, the unemployment rate was forecast to remain at 4% for the month of June. In May, the index surprised economists, who expected it to be two notches lower. UK unemployment The UK unemployment rate is now back at a level not seen since the end of 2021. On Wednesday, consumer inflation should continue to decline. UK consumer price index The market sees consumer price index (CPI) decelerating to 6.8% in July on an annual basis, down from 7.9% in June. Core CPI is also expected at 6.8% year-on-year (YoY), which would be only 10 basis points lower than the previous month, suggesting stickier broad-based inflation. And on Friday, retail sales are anticipated to drop on a monthly basis by 0.5%. Reserve Bank of Australia Some central banks will attract attention this week, starting tomorrow with Reserve Bank of Australia (RBA) minutes. A couple of weeks ago, the RBA unexpectedly kept its cash rate unchanged at 4.1%, despite inflation at 6%. The market has anticipated a 25-basis-point hike. Reserve Bank of New Zealand On Wednesday, the Reserve Bank of New Zealand (RBNZ) is expected to maintain the Official Cash Rate at 5.5%. Apart from a brief pause this winter, the RBNZ has constantly been in tightening mode since October 2021, raising borrowing costs by a total of 525 basis points. Federal Open Market Committee Also on Wednesday, the Federal Open Market Committee (FOMC) minutes The Fed raised its target range for the funds rate by 25 basis points on July 26 to 5.25%–5.5% to bring borrowing costs to their highest level since January 2021. Legal & General On the corporate front, the insurance sector will take center stage in the UK with half-year reports from Legal & General Group tomorrow and Aviva and Admiral on Wednesday. Over in the US, it is the retail sector that will gather investors' attention. Walmart The world's largest supermarket chain, Walmart , is due to report on Thursday. Earnings are expected at $1.69 per share for the second quarter on revenue just short of $160 billion. Compared to the same quarter a year ago, this would mean a rise in revenue but a fall in earnings, a very similar situation to what we saw three months ago. The increase in revenue reflects a rise in costs, but Walmart has to reduce its margins to keep its customers. Two other big names of the US retail sector are scheduled to publish quarterly reports this week: Home Depot on Tuesday and Target on Wednesday. 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.

The Week Ahead Read about upcoming market-moving events and plan your trading week Week commencing 14 August Chris Beauchamp's insight This week sees the release of UK inflation data, along with figures on employment and wages plus monthly retail sales. Minutes from the latest Federal Reserve bank (Fed) and Reserve Bank of Australia (RBA) meetings will be worth monitoring, along with the German ZEW reading. On the earnings front, UK insurers such as Legal & General and Aviva report, and in the US Home Depot, Cisco and Walmart provide earnings updates. Economic reports Weekly View Monday None Tuesday 12.50am – Japan GDP (Q2): growth expected to be 3.2% YoY and 1% QoQ. Markets to watch: JPY crosses 2.30am – RBA meeting minutes: these will cover the decision to leave rates unchanged at 4.1%. Markets to watch: AUD crosses 7am – UK employment data: June unemployment rate to hold at 4%, while average earnings including bonus to rise 6.8%. Markets to watch: GBP crosses 10am – German ZEW index (August): index to fall to -16. Markets to watch: EUR crosses 1.30pm – US retail sales (July): expected to rise 0.3% MoM. Markets to watch: USD crosses 1.30pm – Canada CPI (July): prices to rise 2.8% YoY and 0.1% MoM, in line with last month. Markets to watch: CAD crosses Wednesday 7am – UK CPI (July): prices in the UK expected to rise 7.4% YoY, from 7.9% in June, and 0.1% MoM, in line with the previous month. Core CPI to be 6.8% YoY, down from 6.9%. Markets to watch: GBP crosses 3.30pm – US EIA crude oil inventories (w/e 11 August): stockpiles rose by 5.8 million barrels in the previous week. Markets to watch: Brent, WTI 7pm – FOMC minutes: these will cover the July meeting and the decision to raise rates by 25bps. Markets to watch: US indices, USD crosses Thursday 2.30am – Australia employment data (July): unemployment rate to hold at 3.5%. Markets to watch: AUD crosses 1.30pm – US initial jobless claims (w/e 12 August): claims to rise by 241K, down from 248K in the previous week. Markets to watch: USD crosses Friday 12.30am – Japan CPI (July): prices to rise 3.4% YoY and core CPI to rise 3.1%. Markets to watch: JPY crosses 7am – UK retail sales (July): sales rose 0.7% MoM in June. Markets to watch: GBP crosses 3pm – US Michigan consumer sentiment (August): index to drop to 70.9 from 71.6. Markets to watch: USD crosses Company announcements Monday 14 August Tuesday 15 August Wednesday 16 August Thursday 17 August Friday 18 August Full-year earnings Half/ Quarterly earnings Legal & General, Just Group , Home Depot Balfour Beatty, Admiral, Aviva, Target, Cisco Walmart Trading update* * Please note these can change without notice Dividends FTSE 100: Pershing Square, Imperial Brands, GlaxoSmithKline, Schroders, Anglo American, Convatec, London Stock Exchange, Abrdn, Hiscox, Entain, Berkeley Group FTSE 250: Investec, Chemring, ICG Enterprise Trust , Bridgepoint, Keller, Rotork, Tritax Eurobox, 4imprint, Lancashire Holdings, TI Fluid Systems

Charting the Markets: 11 August Indices little-changed after post-US CPI volatility. EUR/USD and GBP/USD try to recover their poise while USD/JPY returns to July high. Gold, oil and natural gas prices steady after volatile Thursday. Jeremy Naylor | Analyst, London | Publication date: Friday 11 August 2023 11:59

Stock markets dropped back after yesterday’s CPI figure, but are attempting to move higher again this morning. Source: Bloomberg Chris Beauchamp | Chief Market Analyst, London | Publication date: Friday 11 August 2023 11:25 FTSE 100 aiming to move above 7600 The index managed to push its way above 7600 yesterday, but was unable to hold these gains. A reversal below 7540 and the 50-day SMA would be a bearish development and signal that the sellers were in control once more. This might then open the way to a move to the lows of July around 7250. A close above 7600 would mark a more bullish event and then allow the price to contemplate a renewed move to 7700. This is where the July rally stalled, and so a close above this level would add to the bullish view. Source: ProRealTime DAX moves back above 100-day MA European indices had gained in the wake of the US CPI reading, but then failed to hold their gains. The Dax succeeded in reaching the 50-day SMA again but then fell back. Early trading this morning has seen the index drop back slightly. Further losses would suggest a retest of 15,700, and then down to 15,500 and the July low. As throughout the past week, bulls will need a close above 16,000 to provide the necessary catalyst for a new move back to the record highs seen in July. Source: ProRealTime Dow attempting to move higher again The Dow suffered a notable intraday reversal yesterday, after attempting to rally above 35,500 following the inflation reading. For the current weakness to turn into even a modest pullback to the 50-day SMA, the 35,060 level needs to be broken on a daily closing basis. This might then see further losses towards the June resistance level of 34,506. For the moment, however, price action still looks like consolidation, and continued activity above 35,000 will bolster bullish hopes that a new move higher can develop. Source: ProRealTime

Commodity prices came under pressure on Thursday as the dollar strengthened, but have edged higher in early trading this morning. Source: Bloomberg Chris Beauchamp | Chief Market Analyst, London | Publication date: Friday 11 August 2023 11:10 Gold back to support zone Gold is back to the support zone seen in June, after seeing its gains on Thursday knocked back. Some small gains this morning will not really change the overall negative view. It would need a close back above $1930 to suggest that a low has been formed. Further declines below the 200-day SMA and the $1900 level will amplify the bearish view and open the way to a retracement in the direction of the March low at $1806, the next major support level. Source: ProRealTime Brent still in short-term uptrend While oil prices fell back yesterday, the overall move higher is still intact. This still leaves the price on course to break above the $87.20 support level, and then on towards the $89 highs from January. In the short-term, a move back below $85 would break trendline support and possible result in a pullback or consolidation. For the moment however, there is little sign of any bearish price action. Source: ProRealTime Natural Gas steady after Thursday’s drop After rallying steadily all week the price fell back yesterday as profit-taking set in. In the short-term a move back below 2786 might signal that a move back to the 50-day SMA was in the offing. Bulls would certainly be pleased to see the price hold above 2786 as it might then allow the price to move back to Wednesday’s highs around 3050, and then on towards the 200-day SMA. A move back below 2626 would be a fresh bearish development and suggest that the recent bounce was merely a short-lived development. Source: ProRealTime

Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 14th 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.

Alibaba, an all-session stock on IG, has seen its shares rise after reporting first-quarter (Q1) sales that beat the street. Can this be sustained in H2, asks IGTV's @AngelineOng. Shares Alibaba Group Taobao Baidu Nvidia Angeline Ong | Financial Analyst, Presenter and Content Editor, London | Publication date: Thursday 10 August 2023 14:53 Alibaba shares beat predictions China's Alibaba shares inflated after the company reported Q1 sales that beat analysts' estimates. Let's have a look at the shares for you. All sessions here on the IG platform. It shares currently trading up 3.7%. This is after those impressive sales figures when consumer sentiment bounced back from the same time a year earlier when there were strict pandemic lockdowns. Consumer purchases on Alibaba's Taobao and two more marketplaces bounced back as well. Taobao, Alibaba's treasure chest Taobao, of course, is another term for treasure, and it's where people go to look for bespoke items. QMao, very interesting enterprise there. It's where Alibaba's selling or offering the more luxury end of the marketplace and the products. They helped in part, too, thanks to a shopping festival. This is a 618, which is a key shopping event in China. In terms of sales for the group as a whole, 234 billion yuan. That's around $32.3 billion for the quarter. Now, what is happening in this space is many of these groups are looking at buying up chips from the likes of Nvidia because this is seen as where the whole thrust of keeping stocks and also margins high will play and also the building out of generative AI systems. According to the F2, many companies like Alibaba have made orders worth around $5 billion. Always showing you Baidu because that's also an all second stock. Baidu, TikTok owner ByteDance, Tencent and Alibaba have all made orders as well, according to this F3 report. Global growth uncertain So, where is the salad dressing? As global growth looks still shaky and the likes of Maersk and also Hugo Boss, Heineken and Black+Decker, included in that loss as well, have complained about destocking, which hurt their previous quality performance. Many companies like Alibaba, like Baidu are looking to AI and new technology to solve this issue. The question, so where is the salad dressing? The question is, can new technology help companies like Alibaba in the second half become more nimble when it comes to stocking and restocking to ensure that they're not behind the curve, whichever way the economy goes?

Metals outlook: China demand outlook clouds over As China's economic data sours, Liberum Capital mining analyst, Ben Davis, tells IGTV's Angeline Ong why extra stimulus won't make a big impact on global metals demand from China. Commodities Coal China Copper Rhodium Palladium Angeline Ong | Financial Analyst, Presenter and Content Editor, London | Publication date: Thursday 10 August 2023 14:09 (Video Transcript) Iron, copper not so bright now It's an interesting one. The usual playbook was if China is suffering that you should then expect stimulus to be around the corner and you should start buying iron or you should start buying copper because that's what they usually use for their traditional growth engines. What's probably more likely or where the stimulus is going to have a bigger impact is in items such as platinum group metals (PGMs), where certainly we expect internal combustion engine sales to start improving for cars. Go for the unloved ones: coal and PGMs So, that would then lift palladium and rhodium, the prices of which have already completely crashed out. And then also similarly, coal: we expect to see probably improvement there into the winter as it's not necessarily anything to do with the stimulus programme. So, go for the unloved ones. Go for coal and PGMs that are already on the floor in terms of marginal pricing.

Hi @Mimi, Thank you for contacting us. Please note that withholding tax is deducted from the dividends that you receive on US equities. The dividend amount that gets credited to your IG account is already accounted for withholding tax. The withholding tax that is deducted from your dividends in US equities is the one that gets passed onto the Internal Revenue Services (IRS). You can see tax paid on US dividends on your income summary statement. Kindly request the income summary statement for share trading accounts from helpdesk.au@ig.com All the best, -KoketsoIG

Hi @cate, Thanks for your question. Please note that we unfortunately do not have a way to extract historic Tomnext data. However, we do offer history on FX for back testing. This can be done through our web API: labs.ig.com All the best, - KoketsoIG

Hi @Naren12166, Thank you for your post. Please note that we unfortunately do not have an update on the exact dates as of yet, however, communication will be provided once we have the dates. We are looking into having this ready by Q4. Apologies for any delays caused. -KoketsoIG

Volatility on the rise, markets trending downward There is an increase in volatility within the markets, leading to a downward trend. Forex Shares Commodities Exchange rate Volatility Economy Jeremy Naylor | Analyst, London | Publication date: Tuesday 08 August 2023 09:32 (Video Transcript) UK retail sales The UK's retail sales have been impacted by heavy rainfall in July, resulting in a slowdown in growth. Similarly, Chinese trade is also down, with worries about both exports and imports as the economy continues to weaken. Another significant development is that Beyond Meat, a popular plant-based meat company, has lowered its expectations due to challenges in finding markets. This news has caused a drop in the company's stock price. Volatility Additionally, there is an increase in volatility within the markets, leading to a downward trend. The mining sector, specifically Glencore, is expected to have a tough start in the trading session today due to poor financial results for the first half of the year. The European market is also experiencing a decline, mainly because of concerns surrounding the German economy. Furthermore, Chinese exports and imports being down have had a negative impact on the Hang Seng stock index. However, there is some positive news for the US markets as the Dow Industrials and Nasdaq have both seen gains. On the other hand, sterling has shown a decrease after two consecutive days of gains. In terms of online sales, overall, there is a decline, but some categories such as furniture and health are still performing well. It is important to note that the US inflation data, expected to be released on Thursday, will heavily influence the markets. Forex As for currency exchange rates, the dollar is currently hovering just above a line of support before the CPI data is released on Thursday. Meanwhile, the euro/dollar exchange rate is recovering and is above the 110 level. Moreover, the dollar/yen exchange rate is up against a weakened yen. In conclusion, there are growing concerns about the direction of the economy, particularly with regards to China and Germany. Factors such as retail sales, trade, and corporate earnings are contributing to increased market volatility. This is reflected in the current trends in oil prices and gold losses. 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.

Markets continue to prepare for the Chinese and US CPI readings, the main events of the week. Overnight, trade data from China came in very poor, with both imports and exports dropping by more than expected. Earnings season continues to diminish in the pace of figures to be released, leaving the inflation figures the main data to watch for traders. The growing impression of a 'soft landing' for the US economy has helped fuel optimism around the outlook for next year, though much of that will depend on a continued fall in the pace of inflation.

Hi @JSzal Yes, however, please note that for all other times after the underlying market has closed, the S&P 500 will be priced out of hours. All the best -KoketsoIG

Gold price lower ahead of key China-US data events Gold extended losses on Monday but recovered slightly from last week before the release of key economic data from the US and China, while rising US Treasury yields has weighed on gold in recent sessions. Forex Commodities Gold United States Gold as an investment Price IG Analyst | Publication date: Monday 07 August 2023 13:58 (Video Transcription) Gold makes small recovery With Angela Barnes, IG financial analyst Well, gold extended losses today, but has recovered slightly from last week before the release of key economic data from the US and China as the market struggles for clear direction. Looking at the gold price chart today, gold is down about 0.35% today and it's trading around $1,936 an ounce. So, rising US treasury yields driven by concerns over higher interest rates and a US ratings downgrade has weighed on gold prices in recent sessions and a recovery in the US dollar has also put pressure on gold. Worst performance in a month On Friday, the precious metal saw some relief following weaker than expected US non-farm payrolls data. However, it still closed the week about 1% lower, marking its worst performance in over a month. Although since the start of the year, gold has gained about 8%.

Crude prices were marginally lower on Monday but remained elevated after six weeks of gains following Saudi Arabia extending crude output cuts into September. IGTV’s Angela Barnes has more. Commodities Petroleum Price of oil IG Analyst | Publication date: Monday 07 August 2023 14:00 (Video Transcript) Crude price remain high With Angela Barnes, IG financial analyst Crude oil prices remain elevated today on supply concerns. Prices are marginally lower today but remain elevated as I said after six weeks of gains with Saudi Arabia deciding last week to extend crude output cuts into September and Russia also reduced it in exports. Let's first of all look at the Brent charts. It's trading down now, actually about 0.8%, so just marginally lower. It's been very flat this morning and trading around $85 a barrel but since 20 June, though Brent has gained nearly 20% supported by those supply tightness concerns. WTI trading down If we turn to the US WTI crude price chart now you can see that the price is also down about 0.82% and WTI is trading about $81 a barrel, the price also marginally lower but remaining elevated too just like Brent with its price up around 17% since 20 June. Meanwhile, a slow recovery in Chinese demand and inflationary pressures have been putting pressure on oil prices.

Hi @BrinDD, Thank you for your post on stops on US shares. Kindly advice which type of account you are trying to place the stop to sell on? Please be mindful of the fact that no stop losses, trailing stops or guaranteed stops are available with share dealing. Looking forward to your response, KoketsoIG.