Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors. Watch the full video here.
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Yep Razor- FTSE futures up and gold too based on the 16:30UK time yesterday.
Interesting BofE statements yesterday, they mucked up on rates for sure, but at least raised yesterday- lesser raise would have kicked the markets down (well the UK ones I mean).
Major European stock indexes traded above the flatline in premarket on Friday as investors awaited to receive updates on the Eurozone's and German services sector, as well as the report on the United Kingdom's construction PMI.
In addition, data on the euro area's producer price index will be published in the coming hours, while market participants brace for the release of the nonfarm payrolls which is to unveil the unemployment rate in the United States.
Frankfurt's DAX rose by 0.44% at 7:28 am CET. The CAC 40 and the FTSE 100 increased by 0.57% and 0.58% respectively.
The euro gained 0.30% against the dollar, to change hands to $0.97805 at 7:29 am CET. The pound sterling grew by 0.56% against the American currency, to sell at $1.12206 a minute later.
Baha Breaking News (BBN) / AB
Happy Friday y’al
Gold currently up over 1%
Not too shabby, enjoy your weekend.
Been patiently waiting for that for some time!
Silver and producers catching a bid, goldies look like 3-4 hours behind in the pattern
As the $DXY index inevitably rolls over these gold producers will move up sharply
Well atleast we finally have a serious acknowledgement from a majot CB about the strength of the upcoming economical contraction. EPS destruction will force people back into treasuries and gilts eventually, forcing the yields back down
I'm hoping we'll get a green day in the western markets or at least a far less "drop" than last night. and a rise tomorrow- hopefully pointing towards my earlier comment at 11:30.
Useful explanation for anyone interested:
https://www.poundsterlinglive.com/gbp-live-today/17746-pound-to-euro-and-dollar-bank-of-england-november-mpr
https://twitter.com/centaminplc/status/1588168641002221568?s=46&t=zMpFqQtCHlmbW4x7r26RiA
"Peak rates not as high as current expectations"
Yes interesting to note that guidance issued today.
.
BoE response was neutral. When I listen to what they say, you have to remind yourself the committee failed to understand the NHS waiting list for working people, the lack of affordable child nursery places keeping women out of the workforce, Long covid impacting wellness and availability to work and this lot thought it was all transitory. All the mess and quite a bit of suffering is down to their mistakes. It must be lovely to have such high pay for incompetence and pretending competency in trying to fix it with a nice story. I have long lost confidence in central bankers.
In USA two FED committee members are again under investigation in trying to influence markets for their own purposes and not of the FED committee.
.75 as predicted by all- BoE said however, peak rates not as high as current expectations...
50% chance Tony- would expect more movement this pm when USA opens - at the moments futures over there are down so not good here. However, as happens each month at some point sell off is seen as overdone- eg yesterdays sell off, will this sell off drop higher than before as we're closer all together the time to being at the end of the tightening? I think the answer is yes ...
In theory this will hit CEY imop.
Yup i sold yesterday arvo for 92.6 and hought back this morning for 89 so happy days from my camp.
Major stock indexes in Europe traded lower in premarket on Thursday, as all eyes were on the central banks after yesterday's disappointing data. Later today, the Bank of England is expected to reveal its latest monetary policy decision, as the battle to push inflation back continues.
The Federal Reserve followed through with its fourth 75-basis-point interest rate hike, as its chair underlined it's still too early to think about pausing rate increases.
DAX tumbled 0.72% at 7:17 am CET, while CAC 40 was down 0.74% and FTSE 100 lost 0.58% at the same time.
Both the euro and the pound were flat against the dollar at 7:21 am CET, selling for 0.98156 and 1.13924 respectively.
Baha Breaking News (BBN) / AY
Alas so - it's the same every month- markets/traders love volatility and a lot of money is made/lost in quick time- we'll know more tomorrow- as it stands, maybe next month in Dec 2022 will be the massive boost- it will come
And flip fast they did lolz
So far the narrative is good- but we have to wait til Jerome speaks as we know things can flip fast.
Shipping is a good forward economic indicator.
The dollar exchange rate is crippling the world's economy by making vast amounts of previously profitable parts and products no longer worth it without large price increases that customers may not be willing to pay.
Companies are ordering smaller quantities than usual in anticipation of reduced sales volume due to the higher prices.
Shipping rates are tumbling fast which is indicating lack of demand for cargo space.
Something will have to break sooner or later with the dollars crippling grip.
The fed doesn't give a rat's **** about the rest of the world but it will have to do a U turn soon as its also crippling its own exports.
When the dollar breaks, gold should start to shine again.
Sorry for tardy response as have been busy doing not a lot but I wouldn't bother worrying about what is included in the historic PEA. For Doropo to fly it will need far more detailed numbers and the PFS will be the foundation of putting together a document that hopefully is bankable.
Yep- I continue the same message I've been saying all year now- this is nothing like 2008, eg supply issues and not bank related/junk etc etc etc. Bets are for 75, 50 then 50/25- more dovish- inflation is certainly topping now in US, and drops too- long may it continue to the expected soft landing. Rates lag as always. Here's to a positive message, and an increase in stocks this late pm and for gold too. As normal, it's when "HE" speaks that the key movements generally happen and they happen at any point too lol- good luck all.
Not sure about the shipping relationship to recession levels.
I know that there are massive shortages of goods to sell, which may be because of lack of production in the Far East, I think if and when world production and transport increases, British retail and hopeful the economy in general will increase. Well that my take on it, but it’s built on hope as much as anything. I’m holding all my holdings for the time being. Gl
The shipping news confirms the truth. Shipping volumes and rates are falling sharply (Maersk). The global recession has arrived whatever USA stats on growth are. If the FED stays aggressive, what is now an ordinary recession that is certainly arriving becomes far deeper and longer. We shall see what they FED have to say later on.
European stock markets traded higher in Wednesday's pre-market session ahead of the release of key economic data. During the session, investors will receive the latest data on unemployment and manufacturing from Germany and the EU.
In addition, global traders will be closely monitoring the news on the US Federal Reserve's latest decision to be announced today. The central bank is expected to raise interest rates by 75 basis points.
The DAX gained 0.33% at 7:15 am CET, while the CAC 40 added 0.33%, and the FTSE 100 rose 0.14%.
The euro improved by 0.07% against the dollar at 7:18 am CET, selling for $0.98809. In comparison, the pound grew by 0.16% to go for $1.15029 at the same time.
Baha Breaking News (BBN) / JG
Happy hump y’al