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LON250:IGG, Jul 10, 05:51 UTC

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Wednesday, July 01


News

USD/CHF Outlook Weak According to IG Client Sentiment Data

IGG USDCHF

Bearish signal for USD/CHF from IG client sentiment data. Positioning data from retail traders using IG show that almost three quarters of them are now net long for USD/CHF, with the ratio of traders long to short at almost three to one. The number of traders net long is nearly 11% higher than on Tuesday and 1.3% higher than last week, while the number of traders net short is more than 9% lower than on Tuesday and a remarkable 35% lower than last week. The bearish signal follows a period of relative stability for the USD/CHF pair and implies that it could now drop to the recent low at CHf93.76 touched on 11 June.

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  • Financial

Tuesday, June 16


News

Ashtead share price outlook: stock to trade higher after maintaining dividend

IGG AHT

Aaran Fronda | Financial Writer , London | 2020-06-16T18:31:07+0100. Ashtead Group saw its share price soar on Tuesday after the company announced that it will maintain its dividend, bucking the trend of other cash strapped FTSE 100 companies who have opted to cancel pay-outs this year. So far this year, around 42% of total dividend payments in 2020 have been cut or cancelled by British blue-chips in a bid to offset the economic impact of the Covid-19 pandemic – wiping out approximately £26.5 billion in pay-outs to shareholders. Underlying pre-tax profit came in 4% lower at £1.1 billion, but the fall in earnings was offset by Ashtead maintaining a dividend of 33.5p a share, returning a total of 40.65p over the last 12 months of trading. Ashtead close at £26.49 per share on Tuesday. The FTSE 100 received a boost from the US Federal Reserve (Fed) yesterday, with the break through 6186 bringing about a more bullish outlook after recent declines, according to Josh Mahony, senior market analyst at IG. ‘The recent selloff took us into and below the 61.8% Fibonacci support level last week, yet we are starting to now see the wider bullish trend coming back into play once again,’ he said.

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Tuesday, June 09


News

British American Tobacco (BAT) share price outlook: stock could soar higher

IGG BATS

British American Tobacco (BAT) has steadily clawed back the losses it sustained at the hands of the Covid-19 crisis, with the stock trading 4% higher year-to-date – outperforming the broader market with the FTSE 100 down 14% over the same period. But the company’s share price rally is not over, according to analysts at Jefferies, with the US-based investment bank reiterating its ‘buy’ rating and issuing a target price of £48 per share in June. British American Tobacco continues to climb in a steady fashion, building on its gains over the past five weeks, according to Chris Beauchamp, chief market analyst at IG. ‘The share price dropped by a third in February and March, giving back almost all its gains made since late January 2019 in the space of a month, before finding support at £23.14,’ Beauchamp said. ‘Overall, and considering the challenging environment, our business is resilient, competitive and performing well, and we are confident in delivering another good year of adjusted diluted high single figure EPS growth in constant currency,’ the company said. How much does it cost to buy UK share with IG?

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Friday, May 29


News

FTSE 100 index poised to open slightly lower on Friday

IGG

IG's live FTSE 100 futures price estimates showed the index moving sideways along a median price level of 6170 as at 07:00 GMT on Friday 29 May 2020. Gain access to the FTSE 100 and thousands of financial markets via IG's world-leading trading and investments platform. The biggest losers on the day were: Rolls-Royce (-7.5%), Centrica (-3.98%), HSBC (-2.76%), D S Smith (-2.5%) and Auto Trader Group (-2.21%). How to trade indices with IG. Are you feeling bullish or bearish about the FTSE 100 index and other European benchmarks, such as Germany's DAX 30? Either way you can buy (long) or sell (short) the asset using derivatives like CFDs in a few easy steps:.

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Monday, May 18


News

Why did JD.com’s share price soar to 2.5-year high on lower earnings?

IGG JD

Following the earnings release, JD.com’s shares – listed on US stock benchmark Nasdaq 100, rallied 2.5% to a 2.5-year high price of US$51.65 per share on Friday 15 May 2020. Non-GAAP income from operations was 3.3 billion yuan, versus 2.0 billion yuan a year ago. However, non-GAAP earnings per share for this quarter at US$0.28 beat analyst consensus estimates of US$0.11 per share. However, this is down from Q1 2019’s US$0.31. JD.com’s share price has dropped slightly since Friday’s high, but remains in bullish territory. As at 14:50 HKT on Monday 18 May 2020, stocks are trading at US$50.62 apiece, based on live IG data. With regards to the stock’s price, Liao said that the stock’s price-to-earnings ratio is on the high side at over 43.00, over double of Alibaba’s American Depository Shares. However, he noted that if Alibaba’s upcoming earnings – to be released on Friday 22 May – turn out well, then JD.com’s share value could potentially benefit as well. For now, JD.com forecasts that net revenues for the second quarter of 2020 to be between 180 billion yuan and 195 billion yuan, assuming that the Covid-19 pandemic does not cause ‘any significant unexpected disruption to its operations. If realised, this would represent a growth rate between 20% and 30% compared with the second quarter of 2019.

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Monday, May 04


News

IG Group Appoints Charlie Rozes as Chief Financial Officer

IGG

Today’s announcement follows on from the online trading provider revealing back in January of this year that Paul Mainwaring intended to retire. “Charlie’s UK PLC and executive director experience will further support IG as it continues to grow its sustainable and diversified global business and in achieving its strategic growth ambitions. I would also like to thank Paul for his tremendous contribution to the company and look forward to continuing to work with him over the next few months as we orchestrate an orderly transition of his responsibilities to Charlie.”. Speaking on his new position, Charlie Rozes added in the statement: “I am very excited to be joining IG at this important time in its history and look forward to working with June Felix and the executive team in their objective of executing the delivery of the Company’s global growth strategy.” Join our Telegram channel.

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Friday, April 24


News

Online trading platform IG Group sees volumes spike as pandemic fuels volatility

IGG

Online trading platform IG Group sees volumes spike as pandemic fuels volatility. (Reuters) - Online trading platform IG Group <IGG.L> said on Friday client trading volumes surged in the fourth quarter, driven by high levels of market volatility since the last week of February due to the coronavirus crisis. Revenue in the first 36 trading days of the 61 in the final quarter ending May was around 173 million pounds ($213 million), the company said, compared with the 139.8 million pounds for the third quarter. "The high levels of volatility have persisted through March and into April, and the Group has continued to see high levels of client trading activity and further increases in the number of active clients," the company said.

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Thursday, April 16


News

DAX futures: Germany 30 benchmark poised to open higher

IGG GILD

DAX poised for a strong start to Friday’s session. Much of this optimism looks to be driven by news that a Covid-19 drug developed by US-based biotech Gilead Sciences had shown early signs of success, with a number of patients being treated with the experimental drug seeing rapid signs of recovery. Off the back of these developments, as of 5:59 AM (GMT+2), IG Markets data is suggesting that the German DAX will open some 240 points or 2.33% higher on Friday, 17 April. Besides the German DAX, other European markets notched up a middling session on Thursday, with the Italian FTSE MIB gaining just 0.29%, the Swiss SMI rising 1.28%, while the French CAC fell 0.08%. When Asian Pacific markets opened this morning they look to have benefitted from the optimism swirling around Gilead’s experimental Covid-19 drug, with the Australian ASX 200, the Chinese China A50 and the Japanese Nikkei 225 all rising.

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Monday, April 06


News

USD rallies to two-week highs against JPY, EUR, GBP and CHF

IGG USDJPY

The USD gained on most major currencies even despite better coronavirus updates domestically and globally. The USD/JPY rallied to a two-week high at 15:00 SGT on Monday 06 April, even as coronavirus death rates across global hotspots showed signs of slowing down into the new week. The dollar’s rise against the Japanese yen ‘notably’ reflected its demand among investors ‘even as funding pressure had somewhat eased with the series of measures put in place by central bankers’, IG Asia market strategist Pan Jingyi wrote in a note. And amidst all the current market volatility and uncertainty created by coronavirus concerns, as well as ongoing expectations for dismal economic data, the greenback’s safe-haven appeal is likely to keep growing ‘in favour against most majors and Asian currencies alike in the near-term’, Pan adds. With the Japanese government reportedly in the final stages of approving a US$990 billion stimulus package, and Prime Minister Shinzo Abe set to announce a state of emergency for Tokyo and six other prefectures, the USD/JPY will remain one to watch in the coming days.

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Wednesday, April 01


News

Dow Jones Outlook: Where Now after Biggest Q1 Fall?

IGG

Trading CFDs may not be suitable for everyone, so please ensure that you fully understand the risks involved. It’s the start of the second quarter (Q2) of 2020, providing us with an opportunity to reflect on the turmoil that gripped global markets in the first three months of the year and look forward to what will drive markets this quarter. Meanwhile, the Dow Jones Industrial Average and the FTSE 100 plunged 23% and 25% respectively, in their worst quarterly performances since 1987 and the largest ever Q1 fall for the Dow. The White House passed a $2 trillion fiscal stimulus bill and the Federal Reserve (Fed) committed itself to open-ended quantitative easing. As a result, the Dow enjoyed its best week since 1938, while the S&P 500 logged its best week since 2009.

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  • Business
  • Financial