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Elsewhere, Russia's wealthiest man Alexey Mordashov disappointed mining traders by pulling Nordgold's stock market float because of swings in the gold price,
That may have to be a chocolate e-Type Jag or a Dinky toy.
Major stock exchanges in Europe were mostly flat in premarket trade on Wednesday as investors awaited manufacturing and services data reports for Germany, the Eurozone and the United Kingdom, due to be published later in the day. Yesterday, European Central Bank (ECB) Executive Board member Isabel Schnabel projected that the euro area inflation will reach its peak at the end of the year, while the European Commission approved Italy's €191.5 billion economic recovery plan.
The DAX and the CAC 40 were flat at 7:21 am CET, while London's FTSE 100 increased by 0.08% at 7:25 am CET.
The euro was 0.19% lower compared to the dollar at 7:26 am CET, trading at 1.19182. The British pound lost 0.16% against the American currency, going for 1.39265 concurrently.
Breaking the News / MS
Happy hump y’al
The language coming out fo the Fed is once again up to to the totally incredulous standard it used to be when Alan Greenspan used to mumble chaotically (borderline incoherent) to the bretheren. One day the Chairman of the Fed uses the words that we are living in times of EXTREME UNCERTAINTY (this implies there ecomoic models have no predictive power)...thats not just uncertainty but EXTREME uncertainty.
Now we hear words like...
Powell admitted that these temporary effects on INFLATION "have been HIGHER than WE EXPECTED, and they MAY turn out to be MORE PERSISTENT than WE EXPECTED."
However, he did state that the incoming data is still CONSISTENT with the view that these factors will "WANE OVER TIME" as the Fed continues to monitor them carefully. "We SEE STRONG DEMAND, while the supply side has been CAUGHT A LITTLE BUT FLAT FOOTED."
LOL, I would place more faith in the Easter Bunny delivering me an e-type Jaguar next April, or better still a ton of gold!
best
the gnome
A Chicago court has sentenced a former Deutsche Bank AG trader to a year and one day in prison on Monday on fraud charges for manipulative trading in precious metals futures, saying the scheme undermined confidence in the markets.
According to the Reuters report, U.S. District Judge John Tharp Jr stated that the sentence for James Vorley, 41, from England was warranted to broadly deter other traders at banks from manipulative conduct.
He went on to say "Everyone who works in the financial markets has to be reminded and understand that attempts to manipulate the market by any means will expose them to substantial criminal sanctions,".
Prosecutors noted at trial that Vorley and his ex-colleague Cedric Chanu defrauded market participants by placing and then cancelling decoy orders to move commodities prices between 2008 and 2013.
Chanu, who is of French and Arab origin, was convicted on seven counts of wire fraud and is scheduled to be sentenced on 28th June.
Avi Perry, assistant chief of the Criminal Division's Fraud Section, argued for a sentence of four years and nine months, saying the sentence was needed to deter others and restore faith in the markets.
"The conduct here perpetuates the perception and unfortunately, the reality, that our markets are unfair," he said.
Vorley and Chanu participated in a multi-year conspiracy to defraud other traders through spoofing, this
you might want to watch this --> (start watching 2:30 minutes in)
https://youtu.be/-whuXHSL1Pg
Then perhaps read this thread too -->
https://twitter.com/Frank_Giustra/status/1407430570322272257
What more too expect, a load of waffle ,that is rubbish.
Platitudes to keep everything on a FED even keel.
Nothing here too see ,move on.
WASHINGTON, June 22 (Reuters) - Federal Reserve Chair Jerome Powell on Tuesday reaffirmed the U.S. central bank’s intent to encourage a “broad and inclusive” recovery of the job market, and not to raise interest rates too quickly based only on the fear of coming inflation.
"We will not raise interest rates preemptively because we fear the possible onset of inflation. We will wait for evidence of actual inflation or other imbalances," Powell said in a hearing before a U.S. House of Representatives panel.
Recent price increases "don't speak to a broadly tight economy" that would require higher interest rates, Powell said, but come from categories "directly affected by reopening" of the economy.
In setting upcoming monetary policy, the Fed chief also said the central bank would keep its eyes focused on a broad set of labor market statistics, including how different racial and other groups are faring.
"We will not just look at the headline numbers for unemployment," Powell told the members of the House Select Subcommittee on the Coronavirus Crisis. "We will look at all kinds of measures ... That is the most important thing we can do" to ensure the benefits of the recovery are more fully shared.
Lawmakers pressed Powell on how the Fed was balancing rising inflation risks with its promise to ensure the economy recovers all the jobs lost after the onset of the coronavirus pandemic.
"We have unstable employment and higher inflation," said Representative Jim Jordan, an Ohio Republican, referring to the Fed's congressionally-mandated goals of ensuring maximum employment and stable prices. "Something has to give."
https://www.reuters.com/business/us-lawmakers-likely-press-powell-feds-hawkish-turn-2021-06-22/
Sorry, got my Benns and Foots mixed up - just come in from the garden, thinning the Victoria plum. Mind numbing, as you can see!
As was his son, Paul Foot. A very trusted journalist, by all accounts.
Mr Z,
We don't have any way of checking on the authenticity of the allegations that he begged Jeremy Corbyn for a title, although from my past experience of dealing with both politicians and political parities nothing nothing surprises me anymore.
In the past I met Jeremy Corbyn at union and party conferences, he was never regraded as potential party leader and to be fair he never showed any desire for the role, he certainly was'nt a fan of the awarding of peerages though as he felt it went against Labour party principles, just like Tony Benn, now he was a politician with integrity and priciples1
*Don’t care
MrT. His motives? It turns out he literally begged Jeremy Corbyn for help to snaffle a peerage and even wrote his own reference and nomination! I care for his upbringing as a defence. Some of us have very tough upbringings and just get on with things instead of finding excuses for questionable behaviour.
Analyst's suggest Oracle power is a potential multi bagger from current levels, their Thor block 4 project is of interest and their Jundee East project is yielding promising results. DYOR.
They can Trade with Russia, they have plenty of both.
And pay with other than $ US..
Really Aus has far more problems ,by far.
"The market information out of China is so blatantly propaganda," he said.
Nick Crundall, a senior strategist from the Australian firm Market Check, thinks the Chinese authorities probably want to allay domestic fears about supply and limit the amount they will have to pay for imported grains.
"They don't want the whole world to know that they need grain and they are in a bit of strife so they very closely regulate the information that is released," he said.
Speculation about problems with the crops in China can be a huge driver for world prices but it also has implications domestically for the government.
"It creates all sorts of food inflation problems and them having to pay more for imported grain," Mr Crundall said.
https://www.abc.net.au/news/rural/2021-06-17/missing-china-grains-analyst/100219524
---------------------->>
My Thoughts: If China is willing to take extreme measures to tamper prices on the things they need - what about the things they want - like gold?
Thank you MrTibbles I will save your post in my notes.
Thank you all for your response.
Even Barclays pain divi quickly, for them.
They are normally last.
I am sure some are just slow or taking the pi**
Hopefully will be resolved
Hi Razors,
I received mine HSBC on the payment date, if you have problems with you broker regarding this then contact Darren Lemasurier, he is very helpful regarding divi payments
Darren Lemasurier,
Company Secretary
Centamin plc
2 Mulcaster Street
St Helier
Jersey JE2 3NJ
Razor, I received my dividend on 17 June - I'm with T212. Hope yours comes through ok.
Hargreaves definitely in and re invested
I take it everyone has received their dividend.
My broker was off last week and when I asked him today if the payment was in my account he said no.
Perhaps there has been a genuine mistake, but if everyone else has definitely received payment I think I have cause for concern.
Absolutely Hedgehog , But how many Brexiteers actually know anything about the Baltic Dry Index?
https://corporatefinanceinstitute.com/resources/knowledge/other/baltic-dry-index/
https://tradingeconomics.com/commodity/baltic
British exports of EU goods to Northern Ireland incurring Brexit tariffs
https://bioreports.net/british-exports-of-eu-goods-to-northern-ireland-incurring-brexit-tariffs/ Australia will enjoy an exports boost six times greater than the UK from the controversial trade deal agreed between the two countries,
https://www.independent.co.uk/news/uk/politics/australia-uk-trade-deal-exports-truss-b1869879.html
Boris seems to have not considered the problems of not enough container ships and the extra cost of getting goods to and from the UK, not to mention the carbon foot print, what a complete Tw*T!
Boris Johnson has said the UK joining a trans-Pacific free trade agreement would unlock “unparalleled opportunities” as the Foreign Secretary begins three days of talks underpinning the Government’s “tilt” towards the Indo-Pacific region.
https://www.belfasttelegraph.co.uk/news/uk/joining-trans-pacific-trade-agreement-highlights-uks-entrepreneurial-spirit-40565471.html
Powell is a puppet ,controlled from above, most likely his scripts and agenda from the same source .
But that's normal not just the US.