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JamesIG

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  1. China announces a new round of trade talks with the US. Asian shares, however, hit fresh one year lows on fears of an economic slowdown and the continued Turkish lira volatility. Tencent's earnings shock really weighs on investor sentiment. Amazon is said to be considering UK insurance comparison site. Bitcoin holds above the crucial $6000 mark as crypto traders eye possible bullish reversal. UK retail sales and Canadian ADP figures are the ones to look out for today. Asian overnight: A somewhat calm session overnight saw a slowdown in the recent rate of decline, with the ASX 200, Shenzhen composite, and Nikkei 225 all trading flat. The losses did continue for the likes of the Topix and Hang Seng, but even they were relatively moderate in comparison with recent moves. News that there will be a resumption of trade talks between the US and China authorities at the end of the month, is helping provide some reprieve for equity markets, whilst the dollar is trading marginally lower. The breakdown in relations between Turkey and the US remains a key concern, yet with the lira seemingly stabilising over the course of the week, it seems the measures being brought in by the Turkish have held arrest its decline for now. Data-wise, Japanese trade balance moved into a deficit, while a mixed Australian jobs report saw a fall in unemployment overshadowed by the first negative employment change figure in more than a year. UK, US and Europe: Looking ahead, the UK retail sales release will ensure that markets will remain focused on the pound, following the recent jobs and inflation numbers. Make sure to look for the year-on-year figure given the volatility of monthly retail sales numbers. Also keep an eye out for eurozone trade balance data this morning. In the afternoon, the Canadian ADP jobs number in one of a handful of tier two releases, including the building permits, housing starts and Philly Fed manufacturing index from the US. South Africa: The rand is off its worst levels from yesterday although remains depressed after comments from Moody's Investor Relations yesterday. The ratings agency has expressed concern about the country's pace of fiscal consolidation as expectations for economic growth are lowered and the public sector wage bill rises. BHP Billiton is down 2.55% in Australia and Tencent Holdings is down 3.1% in Asia. This is not expected to fully translate into losses on our local bourse today, in lieu of a lot of the declines having been priced in yesterday. Economic calendar - key events and forecast (times in BST) Source: Daily FX Economic Calendar 9.30am – UK retail sales (July): expected to fall 0.3% MoM and rise 2.9% YoY, from -0.5% and 2.9% respectively. Markets to watch: GBP crosses 1.30pm - US housing starts & building permits (July), Philadelphia Fed Index (August), initial jobless claims (w/e 11 August): permits to rise 1% MoM and starts to be 5% higher MoM. Philadelphia index to fall to 22 from 25.7. Claims to rise to 217K from 213K. Markets to watch: US indices, USD crosses Corporate News, Upgrades and Downgrades Kingfisher reported a 3.4% rise in sales for the second quarter, to £3.26 billion, while like-for-like sales rose 1.6%. A weak performance in France hit overall growth. KAZ Minerals said that pre-tax profit rose 48% to $355 million for the first-half, while revenue was up 22%, supported by higher average copper prices and increased copper sales. Rank Group reported a 7.9% fall in operating profit, to £20.9 million for the full-year, and warned that current trading was proving difficult due to the warm weather seen in the six weeks to 12 August. Axa upgraded to buy at Bankhaus Lampe DNA upgraded to buy at SEB Equities Saipem upgraded to hold at Jefferies JCDecaux upgraded to buy at Berenberg AstraZeneca downgraded to hold at Jefferies Informa cut to equal- weight at Morgan Stanley Leoni downgraded to hold at Quirin Privatbank Petrofac downgraded to hold at Jefferies IGTV featured video Information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
  2. Hey - you may find the below useful. This should answer your question.
  3. MSCI Asia-Pacific index down more than 1% Turkey has doubled tariffs on some U.S. imports, notably alcohol and tobacco, as a response on what is allegedly deliberate US attacks on the Turkish economy. Trade war squabbles continue with China saying that US solar tariffs violate trade rules and lodge a WTO complaint. Dollar rises to a 13 month high which pressures commodities, forcing gold to hit an 18 month low. Asian overnight: Asian markets traded in the red overnight, with Australian stocks providing the one bright spark over the session, closing out the session in positive territory. Chinese markets were chief amongst the losers once more, with yesterday’s data highlighting a slowdown in growth of several economic metrics. Emerging market stability remains a concern, with the Turkish Lira declining against the greenback as markets shift into the dollar as a safe-haven play. Ongoing trade tensions and emerging market fears (induced by the crisis in Turkey) are among the key themes in the market place right now. The dollar has resumed its strengthening trend and in turn we are seeing metal prices under pressure, with gold now trading well below $1200/oz and platinum trading below $800/oz. UK, US and Europe: European trading is likely to be lessened in volumes today, with French and Italian markets respecting a national holiday. However, the UK remains the centre of focus, with the latest inflation data released this morning. Market expectations of an upward shift would put further pressure on the Bank of England, despite the recent rate hike. The US focus will be upon the release of retail sales and industrial production figures, alongside the empire state manufacturing survey. Crude traders will also be keeping a close eye on the inventories data released later in the day. South Africa: The rand has also started to weaken after clawing back some strength yesterday. Tencent Holdings is trading 3.3% lower in Asia amidst a selloff in technology stocks and news that Chinese regulators halted the approval of game licenses. Tencent Holdings is also set to release results today. Naspers, a major holding company of Tencent, is expected to trade lower in lieu. Economic calendar - key events and forecast (times in BST) 9.30am – UK CPI (July): expected to be 0.2% MoM and 2.6% YoY, from 0% and 2.4% respectively. YoY core CPI to be 2.2% from 1.9%. Market to watch: GBP crosses 1.30pm – US retail sales (July): forecast to grow 0.3% MoM from 0.5%. Markets to watch: US indices, USD crosses 3.30pm – US EIA crude inventories (w/e 10 August): forecast to see stockpiles rise by 750,000 barrels, from a 1.35 million barrel drop a week earlier. Markets to watch: Brent, WTI Source: Daily FX Economic Calendar Corporate News, Upgrades and Downgrades Balfour Beatty said that first-half pre-tax profit rose to £50 million from £29 million a year ago, but total revenues dropped to £3.22 billion from £3.54 billion. Revenue is expected to be flat in the second half of the year. Admiral reported a 9% rise in first-half pre-tax profits, to £211 million, while turnover was up 14.5% at £1.7 billion. More home insurance policies helped drive the performance, while the motor insurance business saw an 11.3% rise in profits to £249.5 million. Amundi upgraded to overweight at Morgan Stanley Mitchells & Butlers upgraded to buy at HSBC Esure upgraded to hold at Berenberg Greene King upgraded to hold at HSBC Bayer downgraded to hold at Jefferies Valeo downgraded to hold at HSBC Curetis downgraded to neutral at Ladenburg Thalmann Leifheit downgraded to sell at Berenberg Information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
  4. Turkeys government has said it would provide liquidity and cut reserve requirements to Turkish banks yesterday. Lira drops. MSCI world equity index which tracks shares in 47 countries across the globe, down 1.1% yesterday and subdued overnight. Nikkei bounces 2.3% overnight. Deutsche Bank pointed to 5 lenders most at risk in the country due to a ‘meaningful presence’ - BBVA, UCG, ING, BNPP, and HSBC - the latter of which was down 0.72% on the closing bell yesterday. In tech Netflix head of finance will leave after 14 years, whilst Musk looks to Saudi for Tesla privatisation funding. German pharma goliath Bayer fell as much as 10% after a $289m fine from the courts who ruled one of its weed killers contains carcinogenic chemicals. The firm faces 5,000 other possible suits. Gold loses safe-haven status, near 13-month low and breaks the $1200 support. Asian overnight: Global markets trade in a more subdued fashion after yesterday's Turkey induced panic. US Index Futures are trading modestly firmer while Asian markets trade mixed this morning. The dollar is trading modestly lower today against a broad basket of currencies, in turn we are seeing a slight lift in emerging market currencies. While off their respective lows, precious metal prices are trading at severely depressed levels. Japanese and Australian markets regained some sense of composure following the recent Turkey-led declines. Interestingly, the Chinese and Hong Kong markets remained entrenched in a downward spiral, with a whole host of disappointing economic numbers from China denting confidence. Weaker than expected fixed asset investment, industrial production, and retail sales figures were accompanied by a sharp jump in unemployment. However, while China seems to be feeling the effects of their breakdown in trade with the US, the surprise rise in German GDP (0.5% from 0.3%) helped allay fears closer to home. UK, US and Europe: Looking ahead, Europe looks like the place to be, with a whole host of economic announcements ahead of a remarkably quiet economic calendar from the US. Early trade brings the pound into focus, with the latest jobs data bringing a particular focus on the average earnings numbers. We then shift our concerns across the channel, with the flash eurozone GDP reading due out alongside the latest German ZEW sentiment figures. With trade concerns denting this German centric survey, it is also worth watching the eurozone industrial production figure due out at the same time. South Africa: BHP Billiton is trading 1.5% higher in Australia, suggestive of a partial rebound in local diversified resource counters. Tencent Holdings is down 4.54% in Asia sugestive of a weak start for major holding company Naspers, which accounts for a 23% weighting in the Jse Top 40 Index. Economic calendar - key events and forecast (times in BST) 9.30am – UK employment data: July claimant count to fall by 7800, while the May unemployment rate is expected to rise to 4.3% from 4.2%, and average earnings for June (inc bonus) are forecast to be 2.7% higher. Market to watch: GBP crosses 10am – eurozone GDP (Q2, 2nd estimate): growth expected to be 0.3% QoQ and 2.1% YoY. Market to watch: EUR crosses 10am – German ZEW (August): economic sentiment index expected to fall to -17.7. Market to watch: EUR crosses Source: Daily FX Economic Calendar Corporate News, Upgrades and Downgrades Royal Mail has said that it will appeal the £50 million fine imposed by Ofcom, which the regulator imposed for anti-competitive practices. Antofagasta reported a 32% drop in pre-tax profit for the first-half, to$465.6 million, while revenue was down 3.6% to $2.12 billion. Higher costs and lower production hit performance, and the firm slashed the dividend to 6.8p, down 34%. The firm added that trade tensions were creating ‘considerable market uncertainty’. esure has reached a deal with Bain Capital, and will go private for £1.2 billion. This is a premium of 37% to Friday’s closing price. Bad weather pushed first-half profits down to £36.1 million, 20% lower, but gross written premiums rose 12% to £440.3 million. Atlas Copco upgraded to buy at DNB Markets TLG Immobilien raised to buy at Kepler Cheuvreux Elementis upgraded to buy at Berenberg Spectris upgraded to add at Peel Hunt BBVA downgraded to hold at DZ Bank Siltronic downgraded to neutral at Citi Bayer downgraded to neutral at Citi Card Factory downgraded to sell at Berenberg Information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
  5. I can confirm KO's on the Spread betting platform will have the same tax implications as other spread bets. We have no confirmed date on future asset roll outs but those on Community will be some of the first to know. It may be useful to 'follow' content for a daily or weekly wrap of new posts on this thread. Tutorial below.
  6. Currently we have no plans to reduce minimum bet sizes, however we do of course look to periodically review these things (far more frequently with new products). I shall pass your request onto the desk as feedback which is being looked at closely at this time, as you can imagine. Thanks.
  7. Currently no, however I shall add that to the feedback report for this particular month / product.
  8. You should be able to see these if you scroll a little - going forwards we are looking at expanding above and beyond the below most popular assets, however as of yet there is no planned delivery date.
  9. Hi @Jason L - we can provide tax statements as and when required (once the stocks are sold trade statements will also be generated automatically).
  10. Hi @rms83 - I believe one of our support guys, Will, emailed you directly this morning. Please keep and eye out for it in your registered email address. Thanks.
  11. Please check out this link for info on overnight funding. You can do a CTRL + F to search for "overnight" https://www.ig.com/uk/help-and-support/spread-betting-and-cfds/market-details/what-are-knock-outs Put simply: "Overnight funding charge: calculated based on the notional value of the underlying IG price and not the knock-out price."
  12. Geo-political troubles in Turkey push the lira lower, whilst selling in EM currencies spreads to South African rand and Argentine peso. Asian stocks fall further. Euro slips as the usual safe haven yen, the Swiss franc, and the dollar bid up. Cryptocurrencies mixed in the aftermath of the ETF rejection by the SEC. Asian overnight: Asian markets exhibited a clear risk-off mood, with the fallout from the recent Turkish and Russian led selloff continuing to impact on market sentiment. Emerging market currencies have been under immense pressure last week and over the weekend led by declines in the Turkish lira. The major factors affecting Turkey and its currency (the Lira) are the economic sanctioning war it has entered into with the US as well as questionable economic policy which is said to not address the rampant inflation within the region. Turkish President Erdogan has battled against the recent selloff, stating that it was a foreign ‘operation’ against the country. With the ruble also selling off amid US sanctions, there is a clear rise in market worries over the developing markets. UK, US and Europe: Looking ahead, we have distinct lack of economic releases to drive price action. We also see a slowdown in the earnings calendar, with few notable companies releasing their data throughout the week. With that in mind, watch for ongoings in Turkey as markets continue to react to the potential further decline in the Lira and the fallout for Turkish companies. South Africa: The rand has followed other EM currency markets to trade at its worst levels against the dollar since November 2017. Global equity markets remain under short term pressure suggestive of a soft start on the Jse today. Tencent Holdings is down 2.3% in Asia which should see major holding company Naspers following suit, although the weaker rand might buffer some of these losses. BHP Billiton is down 1.39% in Australia, suggestive of a softer start for locally listed diversified resource counters. Local banking and retail counters are expected to be weaker on open today on account of the softer rand. Economic calendar - key events and forecast (times in BST) Source: Daily FX Economic Calendar Corporate News, Upgrades and Downgrades Chemring has said that profits will be £20 million lower than forecast due to an explosion at one of its flare factories. A knock-on effect in cash flow and net debt is expected as well. Clarkson reported that pre-tax profit dropped 18% to £18 million for the first half, while revenue dropped to £152.6 million from £156.8 million. Depressed levels of sale and purchase activity, reduced rates in the tanker market and a falling US dollar were blamed. However, the firm said it was encouraged by the recent strengthening of the dollar, which suggest improvement in the second half. BAE upgraded to overweight at Morgan Stanley Wilh Wilhelmsen raised to hold at Danske Bank Markets Commerzbank upgraded to hold at Berenberg BBVA downgraded to reduce at Kepler Cheuvreux Bayer downgraded to neutral at MainFirst Circassia downgraded to hold at Stifel Meggitt downgraded to equal-weight at Barclay Information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
  13. Expected index adjustments Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 13 Aug 2018. If you have any queries or questions on this please let us know in the comments section below. For further information regarding dividend adjustments, and how they affect your positions, please take a look at the video. NB: Special Divs are highlighted in orange How do dividend adjustments work? As you know, constituent stocks of an index will periodically pay dividends to shareholders. When they do, the overall value of the index is effected, causing it to drop by a certain amount. Each week, we receive the forecast for the number of points any index is due to drop by, and we publish this for you. As dividends are scheduled, public events, it is important to remember that leveraged index traders can neither profit nor lose from such price movements. This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
  14. Asian markets move lower on the rather tedious reiteration of trade war fears. Huge volatility spike sees Turkish Lira dropping 13.5% against the USD. Oil prices edged up on worries that reimposed U.S. sanctions against Iran would tighten supplies. UK growth (Q2), trade (June) and production data (June) later today. Asian overnight: Asian markets followed their US counterparts lower, as trade fears continue to impact market sentiment. Japanese markets where the biggest loser over the session, with a big outperformance in the Q2 GDP figure (0.5% from -0.2%) paving the way for a push higher for the Yen. Elsewhere, the Russian ruble and Turkish lira continue to fall amid strained relationships with the US and political concerns. UK, US and Europe: Looking ahead, GDP remains a focus, with the UK figures to watch out for. Given the new monthly growth readings, watch for that figure alongside the wider quarterly one. With UK manufacturing production, trade balance, and industrial production also being released, it is likely that the pound is set for a volatile morning. In the US session, keep an eye out for the Canadian jobs data alongside the US CPI inflation reading. Economic calendar - key events and forecast (times in BST) Source: Daily FX Economic Calendar 9.30am – UK growth (Q2), trade (June) and production data (June): Monthly GDP reading expected to rise from 0.2% to 0.3%, YoY GDP 1.3% expected from 1.2%, and MoM expected to rise from 0.2% to 0.4%. Balance of trade expected to see a larger deficit of -£3 billion, from -£2.79 billion. Manufacturing production expected to fall from 0.4% to 0.3% (MoM), while industrial production is expected to rise from -0.4% to 0.4%. Markets to watch: GBP crosses, UK indices 1.30pm – Canadian jobs report (July): Employment change expected to fall from 31.8k to 24k. Unemployment exected to fall to 5.8% from 6%. Market to watch: CAD crosses 1.30pm – US CPI (July): YoY expected to remain flat at 2.9%, while MoM figure is expected to rise from 0.1% to 0.2%. Market to watch: USD crosses Corporate News, Upgrades and Downgrades SSP has launched a $175 million US bond offer to pay down existing debt. Private placement notes will be issued in October in five series, maturing between 2025 and 2028. Moneysupermarket.com has completed the acquisition of Decision Technologies, a home communications and mobile phone comparison business. BMW upgraded to equal-weight at Morgan Stanley Paddy Power Betfair upgraded to neutral at Credit Suisse Renault upgraded to overweight at Morgan Stanley Telefonica upgraded to buy at Jefferies Bakkafrost downgraded to hold at SEB Equities Basic-Fit cut to equal-weight at Morgan Stanley Rolls-Royce cut to underweight at JPMorgan Hill & Smith downgraded to hold at Berenberg information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
  15. Great question @Trader126 I wanted to add that we are looking at introducing a non guaranteed stop option over and above the KO (kick out which is guaranteed) level. In other words, this means you could have a position with a guaranteed KO, and also the option to add a regular stop before the KO. If the market moves against you the regular stop will look to close the position at the best available price, whilst you also have the assurance the KO level will guarantee your downside risk. There is no set delivery date but we will keep the Community updated.
  16. Hi all - I'm glad you're finding your way around the new product. This went live yesterday on spread betting accounts yesterday around 3pm UK time. This is currently only available to UK spread bet clients. You can find more info reguarding these products here > https://www.ig.com/uk/help-and-support/spread-betting-and-cfds/market-details/what-are-knock-outs As shown above expiry dates are shown on the deal ticket here. These are presented in a MONTH-YEAR format so Aug-19 will be 1st August 2019 (not August 19th). You can find out more information via the 'info' section (as discussed above) along with settlement criteria if you hold until the point of expiry as quoted in the deal ticket. Any comments, questions, or feedback notes warmly received. Best James
  17. Hey- as you stated everything would have be scaled by a factor of ten. So entry levels, stops, limits, working orders etc. There is no real effect on your account, it is purely to rebase the underlying ETF to make the number more manageable.
  18. Hi - I can confirm it looks like the VelocityShares Daily 2x VIX Short Term ETN (TVIX) had a one for ten stock split. You can have a look here https://www.nasdaqtrader.com/TraderNews.aspx?id=ECA2018-101 if you would like more information. If you ever notice other significant ratio changes (for example 10 for 1, the other way around as a 1 for 10, doubling / halving etc) it's likely to be a corporate action. You can search "TICKER SYMBOL corporate action" and generally see exactly what has happened. Hope this helps.
  19. Asia share markets mixed, China up on stimulus hopes GBPUSD hits a one year low as Brexit fears continue. Sterling’s slump guided the FTSE on a stellar rally. USD/TRY poised for continued big volatility swings over US/Turkey meeting. Oil price steady after sliding 3% yesterday. Asian overnight: Asian stocks were largely higher, with Japanese indices providing the one outlier amid a wider rally led by rampant upside for Chinese and Hong Kong stocks. One major drag has been energy stocks, coming off the back of a 3% fall in crude prices yesterday. The New Zealand dollar fell sharply, after the RBNZ governor set out a timetable which saw rate remain at rock-bottom levels into 2020. Elsewhere, Chinese CPI and PPI came in higher than expected, with CPI in particular rising from 1.9% to 2.1%. UK, US and Europe: Looking ahead, the data remains relatively thin on the ground, with US PPIP and unemployment claims providing the only highlights. Earnings-wise, keep an eye out for figures from the likes of Macy's, Viacom, and News Corp. Economic calendar - key events and forecast (times in BST) 1.30pm – US PPI (July): Forecast to fall from 3.4% to 3.2%. Markets to watch: USD crosses, US indices Source: Daily FX Economic Calendar Corporate News, Upgrades and Downgrades Legal & General saw a fall in pre-tax profits (-19%) for the first half of the year, with market volatility impacted upon investment performance. This led to an 81% fall in investment (and other variances), from £175m to £33m. £90m of that H1 loss came from the firm’s capital traded assets portfolio. As a result, earnings per share fell 8% to 13p from 14.19p, with interim dividends for the group rising 7% to 4.60p per share (from 4.30p). Cineworld Group saw H1 profit almost trebled after a successful takeover of US group Regal Entertainment helped build on the success back at home in the UK and Ireland. The firm saw pro-forma revenues rise 2.5% in the UK and Ireland despite the heatwave and World Cup, while the US (which now accounts for 70% of Group sales) rose by 14.3%. Randgold Resources saw Q2 pre-tax profits halve from $150.16 million to $74.34 million, while earnings per share fell to $0.55, from $0.89 last year. Total revenues also suffered, falling to $283.66 million, from $336.79 million last year. Finally, sales of gold also decreased for the quarter, falling to $411.51 million from $422.14 million last year. BBA Aviation upgraded to buy at Liberum Capita upgraded to buy at Jefferies; PT 1.80 Pounds Deutsche Post upgraded to buy at HSBC UDG upgraded to buy at Jefferies Ahold Delhaize cut to hold at Kepler Cheuvreux Grammer downgraded to hold at Quirin Privatbank AG L’Oreal downgraded to sell at Berenberg Tecan downgraded to hold at Kepler Cheuvreux Please note: This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
  20. Hey - the TVIX as an ETN (basically an instrument similar to a stock) will only be able to trade whilst the exchange it trades on is open. The underlying VIX volatility index itself continues to trade outside these times, so if it moves whilst the tracker ETN is closed, then a gap will occur once the exchange reopens. You can see this happens relatively frequently.
  21. Earnings solid coming from the US continues to push futures up overnight. Oil prices held steady, supported by a report of rising U.S. crude inventories as well as the introduction of sanctions against Iran. Elon Musk tweeted last night regarding taking Tesla private. Stock up as he quoted a $420 price target. Crypto markets slump following SEC bitcoin ETF delay. Today there’s a 39.1 point FTSE div (updated from 39.0 on the dividend adjustment post) and a 25.8 Dow div. Asian overnight: Another good session for US markets helped to drive Asia higher, while oil prices continued to rise thanks to Iran tensions. Tokyo, Hong Kong and Australia rose, but Shanghai fell 0.6% as trade war fears continued to hit equities there. The US has said that it would be implementing a further 25% in tariffs on $16bn of Chinese imports in two weeks time. Trade balance data from China showed a smaller than expected surplus although exports increased more than expected in July as did imports into the region. While the S&P 500 failed to hit a new record, the index is now within easy distance of a fresh record, proving that bullish sentiment remains strong despite trade war rhetoric. UK, US and Europe: UK earnings from key firms such as Prudential, Glencore, and G4S help to offset a lighter macro calendar, although we do have a speech from FOMC member Barkin, plus weekly crude inventories and a New Zealand rate decision. South Africa: The Jse Top 40 Index is expected to open flat this morning tempering overnight gains with this mornings losses in global equity markets. Tencent Holdings is trading 1.74% firmer in Asia suggestive of a positive start for major holding company Naspers. BHP Billiton is up 0.95% in Australia suggestive of a positive start for local diversified miners. Economic calendar - key events and forecast (times in BST) Source: Daily FX Economic Calendar Corporate News, Upgrades and Downgrades Paddy Power Betfair said that pre-tax profit rose to £106 million for the first half, while revenue was up 7%. The dividend was raised 3% to 67p. However, it downgraded its annual earnings guidance, to £460-480 million, from a previous £470-495 million. Glencore reported a 13% rise in net income for the first half, to $2.8 billion, with a strong performance from metals and minerals and its energy products segments. PageGroup saw first-half profit rise 18% to £67.2 million, while revenue was up 12% to £751.6 million. The dividend was raised by 5.1% to 4.1p per share, while a special dividend of 12.73p was also declared. Countrywide upgraded to neutral at Credit Suisse Rio Tinto upgraded to add at AlphaValue Ibstock upgraded to buy at Goodbody Pendragon upgraded to neutral at JPMorgan Alstria Office cut to hold at Kepler Cheuvreux Maersk downgraded to hold at SEB Equities Rotork downgraded to hold at SocGen Spire Healthcare downgraded to sell at Berenberg Featured Video Please note: This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
  22. A trading forum and help and support network for IG clients The new IG Community has been live for a few weeks now and I just wanted to update all Community members on a couple of things, including a showcase of a brand new promotional video. This should be useful for those who haven't used Community before but what to know more - it's well worth a watch. If you have any comments or questions regarding the new forum please let us know in the Comments section below. We're always looking to improve our offering based on what traders want - so give us a shout! New features this month Guests can now post without necessarily needing to be logged into Community. We want to make sure that all content is still relevant and interesting, so all guest posts will have to be approved by a moderator before being publicly visible. We want to make sure that quality over quantity remains, however the recent trial seems to have gone well and the Community is getting more relevant posts to add to discussion. If anyone has any opinion on this we'd love to hear from you so please feel free to add a comment below. We recently had a trial of the new 'poll' feature on a post relating to new cryptocurrencies. You can read that article on which crypto your most interested in here. Currently only moderators can post polls, however if you as a client would like to have this function, let us know! We're interested in who would use it. We're now in the top navigation bar on IG.com - it may not sound like a big change, but it allows you to get to the forum very quickly from anywhere on the IG.com environment (look for the global black navigation bar at the top). We're also looking at inclusion in MyIG - that should be live shortly. Finally, we have some stats for you which you may find interesting. What is IG Community? This purpose of this forum is for like-minded clients to share trade ideas and discuss market opportunities, ask questions, and provide help and support to others. Learn strategies and trade ideas from experienced traders Give tips to the Community and share your market knowledge Perfect your trading by discussing ideas with others Get the most out of IG and ask the Community anything regarding trading or IG Anyone can browse the trading forum, but you will need to have an IG account to post or interact on Community and have your content published immediately. If you're new to the forumand looking for a first step maybe check out the forum, or have a once over of our Community tutorials. We migrated the old forum (and added some new features) We have migrated over all the posts, likes, 'kudos' and private messages from the previous version of the forum, as well as integrated the Community login with the wider IG eco system so you can enjoy a seamless digital experience between the trading platform and forum. You should be able to see all your previously posted content under the same Community username as you originally had on the previous iteration. New content areas... Blogs: We have three blogs which we will be updated periodically. Market News - Daily morning briefings, index dividend adjustments, and one off articles IG Product Updates - A place to let you know about all the things we roll out IG Community Blog - Competitions, 'Ask the Expert' series, and Community updates ...and a few new features. Activity streams: If you're logged in you'll notice you can easily browse things such as 'unread' or 'followed' content. You can save individual search streams so they're available for the next time you log in Advanced search: An updated and intuitive search functionality Leaderboard: The Leaderboard keeps track of the hottest content and best users each day based on reputation received. You'll increase your chances of getting on here if you post more, receive more likes, and help others Community Profile: Your space in Community. Check yours out by clicking on your username in the top right hand corner (logged in users only). Access IG Community - anytime, anywhere IG Community will be up 24 hours a day, 7 days a week. The easiest way to access IG Community is using the top right hand 'Help' drop down in the dealing platform, but you can also access via our mobile apps (look under the help and support section - try it now), or by simply going to community.ig.com. What do you like? What would you change if you had the chance? What new areas would you like to see? Let us know using the comments section below. Happy chatting IG Community Moderator Team
  23. Hey - this was posted yesterday AM - as below. thanks.
  24. Solid US earnings yesterday support the Asian market and China sees a rebound. GBP has slipped to its lowest level in 11 months on Brexit ‘no deal’ fears. The British heatwave and World Cup has boosted discretionary consumer spending in July according to Barclaycard. Oil gains as US renews sanctions against Iran. Gold gains slightly as lower price levels and the key level of $1200 support seen historically induce buying. Asian overnight: Asian markets were largely in the green overnight, coming off the back of a US session which saw the Dow within touching distance of record highs. Interestingly, Chinese stocks were the main outperformer, with fears over their trade war with the US dissipating for now. The buying is however supported by below average volumes today questioning the sustainability thereof. The one outlier came from Australia, with the ASX 200 in the red despite the RBA deciding to retain their historically low monetary policy stance. Elsewhere, crude prices rose, with the imposition of fresh sanctions on Iran raising rumours that they would seek to close the Strait of Hormuz in retaliation. UK, US and Europe: Looking ahead, there are few events of note worth watching out for, with much of the eurozone data already released from Germany earlier this morning. Coming off the back of yesterday’s weak German factory orders number, this morning has seen a greater deterioration in German Industrial production and trade surplus than expected, in a clear response to the breakdown of trade with the US. Elsewhere, look out for the UK Halifax House Price Index (HPI) and Canadian Ivey PMI releases as the only events of interest. The corporate calendar is a little more interesting, with Walt Disney and Snap earnings due out later today. South Africa: The dollar has given up some of it recent strength this morning, adding a slight rebound in brent and precious metals as well as emerging market currencies, while base metals trade mixed on the day. BHP Billiton is trading 1.6% lower in Australia suggestive of a softer start for local diversified resource counters. Tencent Holdings is trading 0.25% higher in Asia, suggestive of a marginally positive start for major holding company Naspers. Economic calendar - key events and forecast (times in BST) Source: Daily FX Economic Calendar Corporate News, Upgrades and Downgrades Standard Life Aberdeen saw a 37% drop in first-half profit, to £185 million, while adjusted pre-tax profit was down 8.3% to £478 million. The firm continued to see outflows, but it still plans to push on with cost saving measures. The dividend was raised 4.3% to 7.3p. InterContinental Hotels reported an 8% rise in first-half underlying operating profit, to $398 million, while underlying revenue for the period rose 4% to $875 million. 28 hotels were opened in the year, with a record 7000 new rooms added. Rotorksaid that first-half pre-tax profit rose 12% to £54.7 million, while revenue was up 10.4% to £331 million. Management expectations for the year remain unchanged. Hargreaves Lansdown reported a 10% rise in pre-tax profit to £292.4 million, for the year, while revenue was up 16% to £447.5 million. A special dividend of 7.8p per share will be paid, taking the overall dividend to 40p, up nearly 40% over the year. Nedbank Ltd Headline earnings increased 27,0% to R6 696m, boosted by associate income from ETI's returning to profitability, while our managed operations delivered positive, but slower, earnings growth from a high base. This translated into an increase in diluted headline earnings per share and headline earnings per share of 26,3% to 1 361 cents and 1 387 cents respectively, in line with the 23% to 28% range set out in the trading statement released on 26 July 2018. CNH Industrial upgraded to add at AlphaValue Ferrexpo upgraded to overweight at JPMorgan Prosafe upgraded to buy at Fearnley William Hill upgraded to neutral at Goldman Goldman Sachs maintain neutral rating on Mondi (London) with a target price of 2200p Ocado downgraded to underweight at Barclays Siemens Healthineers downgraded to hold at HSBC Ultra Electronics cut to hold at Kepler Cheuvreux Featured Video Please note: This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
  25. Hi - you should see a line in the ledger quoting the dividend, the amount per div, and the total value effect on your account. Please note that once dividends are paid, it can take a couple of working days to appear in your ledger. This is because it takes a couple of days for the payment to be received (in much the same way as it takes a couple days for regular payments to go through) from our prime broker. Let me know the stock name if the above criteria have been met.
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