...my guess is that it will hold at where it is at..a lot of countries are scrambling out there with loss of revenue ..I read an article recently in bloombergs that oil woul be back at 95 by end of 2015..
Re : AIB - they have so many options on the table, they are being selective, including the ecb , trade volume is very low..AIB has purchased what little in shares were available out in the market..it is up trading at 0.072 .. almost 6% today; I don't foresee it falling to 0.02..today will be a slow day..holiday & 1/2 day Friday ...4 weeks for year end..
A bit like the ecb, all eyes will be on OPEC to see if they restrict oil supplies this week. Reports seem to be saying the middle east will not cut and oil could be heading for $60 a barrel. I know the positive argument as regards a possible boost to growth from cheap oil but I think there is a big negative looming as well. As oil is an economic and political weapon its almost impossible to be sure what's at the bottom of all this but one thing for sure is that a $60 there will be some countries taken to the brink of bankruptcy at this kind of price. My money would be on Venezuela to go first but Russia is not far from the top of the list either. One blog I read recently raised this question. What would be the knock on effect on the banking system of Europe if that happened? I'm sure bkir would be caught in the cross fire but their direct exposure would be minimal. Not so the big euro banks that some here promote as a cheaper buy than bkir.
Fair assessment there hotdog. After this week only 17 days of trading up to Christmas. Then were already into the new year and Q1. But to be fair to Irish_bob he sometimes got it right. Just that this time he was wrong.
Today was weak all round. Obviously for our own stock chips taken off table but only slightly. Honest bob etched with their .24c premonitions can whistle Dixie at this stage. I can't see it sinking below.30c heading towards 2015
It's not that they failed to sell the bond, they decided it was unlikely they would sell it, so never offered it for sale. Bonds are at such low rates now that the market is flooded with them as numerous banks and companies take the opportunity to refinance at historically low rates. I don't think this withdrawal will have any knock on effect on bkir. Michael noonan separated the two banks fairly effectively last week anyway.
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