JamesIG

It’s the Summer Bank Holiday in the UK on the 27th August, so I just wanted to lay out the changes to our trading schedule as below (all times in UK time). Monday 27th August UK equities, index futures, soft commodities and interest rates will be closed. We will be making an out-of-hours price on the FTSE 100 until futures re-open at 01.00 on Tuesday. Brent Crude and London Gas Oil will be open as normal. New York Cocoa, Coffee and Sugar contracts have a late open at 12.30.

Despite Tuesday being referred to as the worst day in the Presidency of Donald Trump, the S&P touched an intraday record high and equaled its longest bull run of 3452 days, with the record expected to tumble today, baring a disaster. Dollar steady overnight following yesterday’s dip, with forex markets pretty calm across the board, although we did see a weakening in AUD, which was down 0.2%. Brent rose 0.3%, whilst US crude was up 0.5% following industry group data that signaled a larger than expected decline in US stockpiles. Gold flat 1195.56 an ounce, whilst nickel and aluminum pushed base metals up. The UK's Office for National Statistics (ONS) recorded its largest July surplus for 18 years pointing to a robust deficit reduction on the back of low unemployment and good economic growth. Morgan Stanley have removed their ratings and equity coverage of Tesla yesterday hinting that they’ve possibly joined Goldman Sachs as an advisor on the deal to take the company private. The UK’s HMRC have released figures showing the YoY change for July's residential property transactions are down 3.2% adding fuel to fear of a stagnant UK property market. Asian overnight: Japanese markets were the big outperformer overnight, as a bearish session across Chinese and Australian markets pointed towards growing fears over the outcome of today’s trade talks between the US and Chinese. The dollar remains under pressure following comments from Donald Trump who was highly critical of Jerome Powell’s handling of monetary policy. Yesterday’s record highs for the S&P 500 didn’t do enough to boost sentiment in Asia, and this apprehensive theme looks likely to continue in Europe ahead of a bearish open. UK, US and Europe: We finally see a ramp up in economic releases, if only from the US session given the absence of any European figures. Keep an eye out for the Canadian retail sales and US existing home sales coming into play in the afternoon. Also look out for the latest crude inventories figure, with energy prices in focus amid the recent Iran and Venezuela focused volatility. Finally, the latest FOMC minutes are released at the end of the day, bringing dollar volatility back into play. The Federal Reserve meeting minutes from the last policy meeting will see investors looking for further clues relating to the pace of monetary tightening in the US. South Africa: This morning will see local inflation data released at 10am to help guide the South African Reserve Banks monetary policy program. This afternoon will see US crude inventory data out which could be a possible catalyst for oil prices. Tencent Holdings is up 2% in Asia, suggestive of a positive start for major holding company Naspers. BHP Billiton is down another 1.2% in Australia suggestive of a negative start for the local listing this morning. Economic calendar - key events and forecast (times in BST) 3pm – US existing home sales (July): forecast to rise 0.4% MoM from a 0.6% drop a month earlier. Markets to watch: US indices, USD crosses 3.30pm – US EIA crude inventories (w/e 17 August): expected to see stockpiles fall by 520,000 barrels. Markets to watch: Brent, WTI 7pm – FOMC minutes: no change at the latest meeting means these minutes may not provide too much in the way of new information, but given the rally in the dollar over the past month the minutes will need to strike a hawkish tone to avoid provoking a possible selloff in the greenback. Markets to watch: US indices, USD crosses Source: Daily FX Economic Calendar Corporate News, Upgrades and Downgrades Grafton Group said that pre-tax profit was 18% higher for the first half, to £57.6 million, while revenue was 9% higher at £1.45 billion. Diploma said that it acquired FS Cables for £18 million. Blue Label Telecoms Ltd FY18 results showed core headline earnings per share to have increased by 4% from the previous year. Bid Corporation FY18 results showed headline earnings from continuing operations to have increased by 9.1% from the previous year. Danske Bank raised to overweight at Morgan Stanley Lancashire upgraded to hold at Berenberg Provident upgraded to hold at Berenberg Rio Tinto upgraded to hold at Liberum DNB downgraded to equal-weight at Morgan Stanley Implenia downgraded to neutral at MainFirst MorphoSys downgraded to hold at Commerzbank 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.

Asian stocks generally up on hopes trade tensions may ease. Hopes of a China - US trade resolution pushed up copper, often seen as a barometer for the economic outlook, dragging behind it miners such as BHP Billiton and Glencore. Venezuela have debased their currency taking off five zeros, along with increase minimum wage by 3000% in and effort to prop up their economy. Yesterday the world trade organisation confirmed that Turkey had lodged a trade dispute against the US. Gold gains as Trumps remarks weigh on the US dollar, whilst oil edges up on tighter US outlook and Iran sanctions. See what's going on with London house prices in the IGTV video featured video below. Asian overnight: Another mixed Asian session overnight, with the Japanese Topix and Australian ASX 200 providing the two negative movers in an otherwise positive session. Donald Trump has downplayed expectations for tomorrow's trade talks between the US and China, yet Chinese stocks managed to gain significant ground nonetheless. Trump also hit out at the Fed over their consistent rate hikes since he came to power, sending the dollar lower. US index futures and most Asian equity markets are trading flat to modestly higher this morning, although China's Shanghai Composite has managed to post significant gains this morning (+1.37%). The scheduled news calendar for today is relatively light and Turkish markets are closed, to removing some of the short term catalysts for volatility. UK, US and Europe: Looking ahead, we have precious few major events of note to look out for. Thus markets will likely to continue to feed off any comments from Donald Trump as we head towards tomorrow's summit. South Africa: The US dollar has weakened and with it aided some gains in commodity prices and strength in emerging market currencies such as the rand. BHP Billiton is down 1.87% in Australia after releasing FY18 results, suggestive of a similar move for the local Billiton listing. Tencent Holdings is down 0.3% in Asia, suggestive of a softer start for major holding company Naspers. With this in mind we expect a flat to marginally lower start on the Jse Top40 Index today. Economic calendar - key events and forecast (times in BST) Source: Daily FX Economic Calendar Corporate News, Upgrades and Downgrades Persimmon said first-half pre-tax profit rose 13% to £516.3 million, while average selling prices rose 1% to £215,813 over the year. Current forward sales were 6% higher compared to a year earlier, at £2.1 billion. BHP Billiton said that full-year net profit fell 37% to $3.7 billion, thanks to impairments of $5.2 billion. Underlying profit was 33% higher at $8.93 billion, while revenue was up 21% to $43.64 billion, helped by higher production and increased prices for copper, coal and oil. The dividend was boosted by 20 cents to 63 cents per share. Wood Group suffered a net loss of $52 million for the first-half, due to a write-down on its EthosEnergy gas turbine services business. Operating profit before exceptionals however rose 74% to $125 million, while revenue was up 13 overall. The dividend was boosted to 11.3 cents per share, from 11.1 cents. It remains on track to hit full-year expectations. Polymetal reported a 45% jump in first-half profit, to $175 million, while revenue was up 16% to $789 million. The firm enjoyed higher gold production and selling prices in gold, offsetting lower silver output. The dividend was raised to 17 cents per share, from 14 cents a year earlier. . Imperial Holdings FY18 results showed that excluding businesses held for sale, total revenue and operating profit for the group increased by 13% and 7% respectively. BHP Billiton FY18 results showed basic earnings per share to have remained flat from the prior financial year. Harmony Gold FY18 results headline earnings per share to have declined by 38% (in USc) from the prior year. Aggreko upgraded to buy at HSBC H&R upgraded to hold at DZ Bank Bayer upgraded to buy at Berenberg Deutsche Wohnen upgraded to buy at HSBC Atlantia downgraded to hold at Santander Bodycote downgraded to sell at Panmure Gordon Medistim downgraded to sell at SpareBank 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.

Asia shares inch up with yuan ahead f Sino - US talks. UK minsters release their first ‘no deal’ Brexit documents on Thursday in an effort to prepare for a “worst possible” outcome. Persimmon results are expected tomorrow, with many in the sector looking to the release as a barometer for the wider housing sector and how a rising inflation rate will affect the market. Iran has stressed to OPEC over the weekend that no other member country should take up the slack for reduced oil exports in the face of Trump imposed US sanctions. Oil prices slip on concerns over slowing economic growth Asian overnight: A mixed start to the week for Asian markets has seen the Chinese and Hong Kong markets outperform, while Japanese indices were the big underperformer of the session, remaining in the red into the close. Markets are continuing their short term rebound with US Index Futures and the wider Asian markets trading firmer this morning. Optimism that meetings scheduled in late August and November, between China and US officials, will yield some resolve to the current trade war debacle is providing some of the risk on sentiment. A quiet calendar meant that much of the focus will be on the US-China trade talks, which kick off on Wednesday. UK, US and Europe: A quiet day on the data front sees a market focus on this morning's Bundesbank monthly report, alongside appearances from the Fed’s Bostic and Bundesbank’s Weidmann. As the corporate earnings draw to a close, there will also be less of a focus on earnings reports as a key driver of price action. Thus look out for any updates on talks between the US and China, alongside any updates on the Turkish story. South Africa: The US dollar has softened somewhat to help lift precious metal prices off their worst levels of the year. The rand has in turn managed to claw back some short term strength against the greenback and the majors. Tencent Holdings has rebounded 3.1% in Asia this morning, suggestive of a positive start for major holding company Naspers. BHP Billiton is up 1.3% in Australia, suggestive of a positive start for local diversified mining counters. Economic calendar - key events and forecast (times in BST) Source: Daily FX Economic Calendar Corporate News, Upgrades and Downgrades NMC Health saw a 19% rise in first-half profit, with the firm increasing revenues from Middle East hospitals. Net profit for the first six months of the year rose to $116.7m, while revenue increased to $932.0m (+20%). Patients rose by 20% in the healthcare division, with bed occupancy rates rising to 69.9%. AngloGold Ashanti Interim results showed adjusted headline earnings of $85m, or 21c (US) per share versus a loss of $93m, or 23 US Dollar cents per share in the first half of 2017. Increases in adjusted headline earnings were due mainly to the improved operating performance and the higher gold price. " Sasol FY18 results showed headline earnings per share to have declined by 23%. CVS Group upgraded to outperform at RBC KAZ Minerals upgraded to hold at Liberum RBS upgraded to buy at Citi United Internet upgraded to buy at HSBC Boozt downgraded to hold at Berenberg 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.

Expected index adjustments Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 20 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: All dividend adjustments are forecasts and therefore speculative. A dividend adjustment is a cash neutral adjustment on your account. 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.

Hi @Medusa123 - as the knock out option product is a completely new dealing method, along with a new delta one pricing model we are currently in the 'sft launch' phase. We prompted those who had logged into the relevant area (spread betting - UK only) via a blue call to action down the left hand side, however wider promotion is currently on hold. This is a widely adopted method for rolling out new software products, however we will probably promote this via the usual channels in the weeks and months to come. Community is often a place where we broadcast these new assets and functionalities first, so keep an eye out for any future releases, or new asset types, going forwards.

Asian shares gain on US - China trade talks, whilst USD dips. Rating agency Fitch warned that the chance of a Brexit no deal is a ‘growing possibility’, and uncertainty is so great that it’s impossible to accurately predict a likely outcome. Reports that Amazon is looking to launch its own comparison site sent ripples through the UK listed rivals moneysupermarket, gocompare, and confused.com owner Admiral. Aftershocks of World Cup fever and the good weather are seen in rising UK retail sales (up 0.7% in July), a boost to home and garden DIY sales for B&Q, and better profit projections for Carlsberg. Oil prices slip amid fears over global economic growth. US Baker Hughes to keep an eye on later today. Asian overnight: Asian markets gained ground thanks to subsiding trade war concerns, while worries about the Turkish situation also eased for the time being. It looks like the US and China are preparing to talk, and this should help equities to trade in a more optimistic fashion. US markets staged an impressive rebound yesterday, but once again Europe was left trailing behind, repeating the dominant theme of the year so far. The rebound has been catalyzed by optimism over the revisiting of trade talks between China and the US at the end of the month. The trade war rhetoric does still remain a relevant theme in the market place and is still expected to cause further market volatility going forward, as is the economic crisis in Turkey and its possible contagion effects. UK, US and Europe: Eurozone CPI dominates the first part of the day, while Canadian CPI and then Michigan confidence data are expected later today. With little corporate data on the calendar, investors will watch Tesla stock this afternoon after the New York Times published an interview with CEO Elon Musk. South Africa: We are expecting a continued but only partial rebound on the JSE this morning as US index futures and most Asian markets trade firmer today. Tencent has rebounded firmly this morning in Asia, adding 3.38% on the day, suggestive of a positive start for major holding company, Naspers, which carries a 23% weighting in the Top40 index. BHP Billiton is 0.3% lower in Australia suggestive of a flat to marginally lower start for local diversified resource counters. Economic calendar - key events and forecast (times in BST) Source: Daily FX Economic Calendar 10am – eurozone CPI (July):prices to grow 0.1% MoM and 2.1% YoY, and core CPI to be 1% MoM from 0.9%. Market to watch: EUR crosses 1.30pm – Canadian CPI (July): expected to be 0.1% MoM and 2.4% YoY, from 0.1% and 2.5% respectively. Market to watch: CAD crosses 3pm – US Michigan confidence index (August): sentiment forecast to fall to 96 from 97.9. Markets to watch: US indices, USD crosses Corporate News, Upgrades and Downgrades RBS has appointed Kate Murray as interim CFO, to start at the beginning of October, while a search for a permanent replacement for Ewen Stevenson continues. Global Ports said that it expects full-year figures to be in line with forecasts, after pre-tax losses narrowed to $2.1 million from $6.5 million for the first half. Victoria Oil & Gas said that second quarter gas sales fell, to 183 million standard cubic feet per day, from 189 million in the first quarter. Esure upgraded to equal-weight at Barclays Glencore upgraded to hold at Liberum Henkel upgraded to outperform at MainFirst RBS upgraded to buy at HSBC BowLeven downgraded to neutral at Arden Partners DNO downgraded to hold at DNB Markets KSB downgraded to hold at LBBW dormakaba downgraded to hold at HSBC 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.

Hey all - for reference and comparison you can see some other overnight fundings below. As stated this is due to the futures curve, however it also takes into account the IG admin charge. Below positive means you receive, whilst negative means you are debited.

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.

Hey - you may find the below useful. This should answer your question.

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.

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.

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.

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.

Currently no, however I shall add that to the feedback report for this particular month / product.

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.

Hi @Jason L - we can provide tax statements as and when required (once the stocks are sold trade statements will also be generated automatically).

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.

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."

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.

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.

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.

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.

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

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.