Agreed Scfc Unfortunately as this market is sentiment driven, articles such as this will only fuel the sell off . It does appear as though Oil may well decline further before recovering and this will undoudtably affect prices. According to the reporters, Oil will soon reach the level at which storage capacity has been reached and then production will have no choice but to be cut back. Maybe then, sense will return to the markets and Oil; prices will flatten. I find it astounding, that A very few Oil producers appear to be holding the worlds economies to ransom by either refusing to produce more, in which case Prices at the pumps increase OR by refusing to produce less, in which case markets are impacted ! Whatever happened to good old market forces and competition !
Just to be clear, it is not Barclays who have aroused such speculation, it is some analysts (who's track record is questionable to say the least) and the "financial media" - let's wait and see what the bank says on 1/3/16 but it would be a real about turn if they have been saying every quarter recently that the CET1 is in a better position, (passed the BoE test scenarios) and improving and c3 months later so oops, sorry, please can we have some more cash!?! DYOR and wait for the facts rather than the speculation, Scfc
"Meanwhile, Barclays, whose shares were temporarily suspended on Monday during volatile trading, has aroused speculation it may need to tap shareholders for cash to shore up its common equity tier one ratio, a key measure of balance sheet strength"...nope, that's just wild media speculation! The last comment made by Barcs as far as I've seen was its CET 1 was fine (and increasing) and also was ahead of target! ATB, Scfc
Not sure why but just looked back at your post from April 2015 saying you'd just sold out and you were sure you'd have to live with it being £3.25 in c12 months time and having sold too early...well you were half right, meaning it's now 1/2 the price you forecast! Very surprising to us all given fundamentals but as DelBoy used to say next year and all that! ATB, Scfc
LLOY may be down because they "seized back" at face value the bonds they sold which are presently paying up to 16% interest ! A high court judge has allowed the appeal against LLOY action by bondholders and if the case goes against LLOY they will end up paying a fine and legal costs etc - very unwise move to seize anyone's assets IMO.
Fed Chair Janet Yellen is set to deliver her semi-annual monetary policy testimony in Washington today in what will be her first major appearance of the year and since the Fed's controversial rate hike last December. • The meeting will give the best insight to date on whether the central bank feels it can proceed with a rate tightening cycle or will be waylaid by problems including financial market volatility, the oil rout, slumping Chinese growth and weakness in the global economy.
Until we erase this years carnage, but what is more pleasing than the 3% rise this morning is that Lloyds has hardly moved, and we are ahead of the FTSE. Not many times we can say that ! Anyways, means nothing unless this rise is prolonged. Just hope the US markets don't bring things down again.
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