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Lloyds scrambling back above 42p again before the bell. MS busy again I would imagine......
It's a good job inflation is only transitory lol.
That's what happens when you leave things to the so called experts mtm.
Investing.com -- Consumer inflation in the U.S. leaped to a new four-decade high of 9.1% in June, exceeding analysts' forecasts and piling further pressure on the Federal Reserve to bring it down with faster interest rate rises.
Fakey missing your "the worst is yet to come "daily input already....oh and your lies....gl though...
88, My last 2 posts will keep you going till **4 30.01pm Friday....**..keep going !!
Speak later...
tbf 40p does look a fair bottom and it bounce nicely each time it threatens.
Lol stop telling lies fakey ....this isnt the premium bond thread......ps isnt it about time you changed your name again to hide the BS.....gl though
**plenty of money to be made in this market ...if you know how to do it....gl**
True, but if based on your records, Nicholas William Leeson won't be a matcher.
Buying lloyds at 50p+, but happy to hold while predicting 40p,...unbelievable!!
Fakey ...plenty of money to be made in this market ...if you know how to do it....gl
**US inflation has grown more strongly than expected, putting more pressure on the US Federal Reserve to hike interest rates aggressively.**
The worst is yet come.
US inflation has grown more strongly than expected, putting more pressure on the US Federal Reserve to hike interest rates aggressively.
The consumer price index increased 9.1% year on year in June, the biggest increase since November 1981.
Analysts had been expecting a rise form the May figure of 8.6%, but only to 8.8%.
The core index slipped from 6% to 5.9%, but this was higher than the forecast 5.8%.
GDP up at 0.5% yet the market and LLOY are down…makes sense
Sterling has never had parity with the dollar, the closest it came was way back in 1985 @ 1.07.
Theosus
Britain risks talking itself into a recession with to much doom mongering could become self fulfilling
Euro bounces from brink of parity with US dollar
The euro rebounded on Tuesday after sliding to a 20-year low and nearing parity against the U.S. dollar as investors worried that an energy crisis in the region would bring on a recession.
The single currency reached $1.00005 against the greenback, the lowest since December 2002, after data showed German investor sentiment in July plunged below levels at the outset of the coronavirus pandemic due to energy concerns, supply bottlenecks and rate hikes from the European Central Bank
UK economy grows 0.5 per cent in May
The UK economy has seen gross domestic product (GDP) grow by a little in May, following a slight decline in April.
GDP was up 0.5 per cent in May, according to the Office for National Statistics’ data published on Wednesday.
Services output swelled 0.4 per cent in May due to a large increase in people booking appointments with their GPs seeing human health and social work activities grow by 2.1 per cent.
The increase in appointments offset the continued scaling down of the NHS Test and Trace and Covid vaccination programmes.
Output in consumer-facing services fell by 0.1 per cent, driven by a 0.5 per cent drop in retail trade
FTSE 100 was tipped to retrace yesterday’s modest gains with inflation data and interest rates again the main focus.
Financial spread betting firms had pencilled in a drop of around 20 points
US inflation to take centre stage as financial markets fret about recession
Higher than expected inflation could see the euro break further below parity against the dollar
Macroeconomic data releases are likely to take centre stage on Wednesday, starting with Chinese trade figures and then UK economic growth, before US inflation hogs the limelight later - while in London's company diary are a pub company, a cafe chain and a recruiter.
The US consumer price index, which comes a day ahead of factory-gate inflation numbers, will ramp up speculation about the next move the Federal Reserve will make on interest rates.
“The market is favouring a 75bp rate hike from the Federal Reserve on 27 July and we agree given the tight jobs market and inflation running at more than four times the 2% targeted rate,” said economists at ING.
"UBS cuts Lloyds price target to 60 (61) pence - 'buy'"
Interesting that UBS has cut target prices on Lloyds, Barclays, Natwest, HSBC, but has RAISED the target price for Standard Chartered?
livestock
Just take the dividends and be patient, probably have to wait a year or two, and it may go lower than current level in the short term, but I think your break even price and more will be achieved certainly in the medium term.
stagecoach
I totally agree, 60p is my break even point and I don't see that anytime soon
GL
livestock
Broker recommendations and target prices can seriously damage your wealth !
UBS cuts Lloyds price target to 60 (61) pence - 'buy'
Lloyds back in the green markets pricing in for next round of rate hikes
Royal Bank of Scotland PMI®
Private sector output increases at slowest rate for five months
• Business activity growth moderates further in June
• Price pressures remain intense
• Business confidence slumps to 20-month low
Scotland’s private sector economy remained in expansion territory for the sixteenth month running during June, according to the latest Royal Bank of Scotland PMI® data, but growth momentum eased for the second straight month. The seasonally adjusted headline Royal Bank of Scotland Business Activity Index - a measure of combined manufacturing and service sector output - posted 54.4 in June, down from 55.9 in May, to signal the softest expansion in business activity across Scotland since January. In addition, new orders rose at a modest pace that was the weakest seen in the current 15- month sequence of expansion. While ongoing recovery from COVID-19 continued to boost activity, concerns over rising costs and an economic slowdown pushed business confidence down to a 20-month low.
New orders continued to rise across Scotland's private sector during June. However, trends diverged at a sectoral level, with manufacturing firms reporting a faster reduction in factory orders, while service providers reported a modest expansion in sales. Overall, new business increased at the weakest rate for 15 months and only slightly. Anecdotal evidence indicated that continued recovery from COVID-19 and new client wins drove the latest increase, but there were also reports of market conditions starting to soften and some clients cutting back on expenditure due to rising costs.
Business confidence at Scottish private sector firms remained strong in June. Businesses anticipate that a robust post-COVID-19 recovery will boost market and economic conditions, allowing for further expansions of output in the coming 12 months. That said, the degree of optimism slipped to a 20-month low in June amid concerns over the cost of living, a possible slowdown in the economy and housing market, and weaker customer confidence.
Optimism across the Scottish private sector was also weaker than that seen across the UK as a whole.
https://www.pmi.spglobal.com/Public/Home/PressRelease/93045e665bec4851901074253d32ebe1