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Major European stock markets registered gains ahead of the opening bell on Tuesday following the British government's decision to delay fully lifting coronavirus-related restrictions by a month until July 19.
The United Kingdom remained in focus, with recent reports claiming the country has reached the long-awaited post-Brexit trade deal with Australia and that the official announcement will be coming later today.
The FTSE 100 rose 0.40% at 7:37 am CET, while the DAX climbed 0.52%. Meanwhile, both the euro and the pound stood flat against the dollar at 7:38 am CET to sell for 1.21252 and 1.41160, respectively.
Breaking the News / ND
Divi say and my commercial property lease both activate today.
Meeting Shopfitters from Regatta clothing U.K. at the premises at 8:00 am to hand over the keys marking June 15th as the start of a ten year lease.
Big day here!
Bol all
@RazorEdge Thanks for our reports each day. So glad all turning out well you can relax now how marvelous treat yourself to something nice.All the best Lynn
Hi RazorsEdge
It's nice when plans and hard work come to fruition.
FOMC meeting this week. Could this be the moment?
Yesterday, while I was driving near my home, seven E-Type Jags in a row drove in the oppsite direction, with a Land Rover pulling a trailer that had another classic/vintage car on it. I have never seen that many E-Types on the road at one time. They must have been going to a show. How much money had just past me at that moment?
Hmm. A kilogram or two of gold or an E-Type? I know which would be more fun.
A very busy today for me too, but it's sunny.
Well played Razors, lets indeed all hope for more good fortune.
Aiolfe the E type club had a weekend meeting at Shelsey Walsh Hill climb over the weekend.
Wish I still had mine,.
Great fun, but unless the brakes have been upgraded to present day, difficult to stop without leaving a trail of rubber and smoke. :-)
Hi Redsparrow,
I can recall when nobody wanted E types, they were thought of as rust buckets, about 35 years ago a mate of mine bought a reasonably sound but tatty E type for £1000 , over the years he brought it back to near concourse condition , now with with 39,000mls on the clock its worth around £70-80,000 depending on how badly the buyer wants the car!
Mr Bond raises a very valid point about the brakes, The MK1 E Type Dunlop disc brakes were developed on the C and D Type Jaguars which allowed them to win at Le Mans so they must have been fairly good.however Jaguar did offer a competition disc brake upgrade in period at a cost of £163/2/6 including tax!
If you intend showing an e type concourse "competition" shows then fit the original caliper or you will be down pointed, these work fine in most road conditions, BUT leave a good gap between you and the BMW in front...which of course we all should anyway!
Off topic I know, but thought it may be of interest to you!
Hi Razor's, Shopfitters always do very well, it seems there is a bit of a shopfitters Cartel so they tend to charge what they like because the retaining companies claim most of it back against tax !
I have always found Regatta work wear and outdoor clothing to be very good value, although they keep changing the places of manufacture so he sizing has never been reliable or consistent, Graghoppers are better quality and always very generously sized, but quite a bit more expensive, although I am wearing Regatta outdoor zip off walking trousers at present!
Mr Tibbles you are a mine of unformation. I feel a Sunday off topic in the making.
Goodness, there are so many posts today I can't take them all in.
Macron reminds me of that Monty Python sketch where two people slap each other with salmon. I was so surprized when I worked in France how irreverent the French are towards politicians. No wonder they used to chop their heads off!
I missed all the market action today and will tomorrow. I mentioned copper a week or two ago. The Chinese were trying to control its price. Same for other markets. I wish the US wasn't following in the same vein. It's the future but it will fail. Best to stick to what they're best at. If Macron had said trade freely with Africa instead of selling gold and handing them the money, that is the right way - African farmers would want that.
Mr B and Cowichan = gentlemen. i wish the world had your wisdom.
Sorry for the crappy post but out of time.
Hi RedSparrow,
However long your posts and on whatever subject they are always of interest and long may that continue,
Forget this market madness , what will be will be, enjoy the sunshine and the bird song, at least they are free from lock down, for now!
The French have the right attitude towards politicians, although I wouldn't guillotine them, just pack them up oven ready fashion and export them off to Australia or Norway by the cheapest method, give them the choice though!
A very special message to Boris https://www.youtube.com/watch?v=-Ro4DrewXHE
Agreed RedSparrow!
The world needs more people like Cowichan and Mr Gnome, unfortunately people of their caliber with honest values, integrity,understanding, compassion, technical and professional experience, even plain common sense rarely stand for parliment any more, and even if they did their inability or refusal to lie, deceive and thoroughly gorge themselves to bursting point from the over flowing trough of political privilege and plenty whilst the people and our world are treated with contempt and disregarded would prevent their chances of ever rising up the greasy political career pole!
Our present government of odious lying, greedy, deceitful parasitical and thoughtfully obnoxious and inept politicians are a testament to that!
There are good decent unselfish people the world over that achieve many marvelous things despite of, not because of the majority of those that are in charge!
Hi Mr Tibbles
I was referring to Mr Bond and Cowichan about being gentlemen in the way they argued and gave each other a slice of tongue pie, but quickly realized they wanted the same result (as we all do) and agreed to reamain friends. That's not to say Mr Goldgnome isn't also a gentleman despite his hatred of all things economist!
Yes, birdsong woke me up just after 4am this morning. I think the rooks and my mother are related - they nag their offspring just as she used to me - get up, get dressed, do your hair, eat your toast, put your shoes on blah de blah. No wonder I've got bags under my eyes.
Yes, I think predicting share prices by charts is difficult. You can get some kind of pattern in broader markets. The link below shows the gold price over the last 5 years in sterling. Since the high, we've had a perfect ABC correction and are in a little 'correction' from the first leg up after that - I reckon £1300 ish and then we go up. The FOMC meeting has given the shorts a chance to cover and I say Centamin fills the gap at 107.4 and then we're up. I put in a buy order today for 107.4 but didn't get hit.
https://www.bullionbypost.co.uk/gold-price/5-year-gold-price-chart/
Basel 3 is important to Germany, Italy and France because they own significant amounts of gold. Britain and American are Keynesians and don't see gold as important. Just because the dollar goes up doesn't necessarily mean gold will fall. In fact, we'll know when the game is finally up when gold and the dollar rise together. With all the debt in the world, which is primarily dollar denominated, a strong dollar will cause a deflationary depression 1930s style and some.
Big money can only really go into bonds or equities. My mate Martin says money is fleeing bonds and going into housing.
https://www.armstrongeconomics.com/markets-by-sector/real_estate/real-estate-alternative-to-bonds/
Here is a nice car for Mr Bond.
https://angliacarauctions.co.uk/classic/sat-26th-sunday-27th-june/1970-jaguar-e-type-42-series-ii-coupe/
Here is a nice car for you.
https://angliacarauctions.co.uk/classic/sat-26th-sunday-27th-june/1975-jensen-interceptor-iii-auto/
This is for me.
https://angliacarauctions.co.uk/classic/sat-26th-sunday-27th-june/raleigh-chopper-mk2-purple/
Oops, wrong link. This is for me.
https://angliacarauctions.co.uk/classic/sat-26th-sunday-27th-june/1967-sunbeam-alpine-series-v/
We just need Centamin at £2.50.
Yes Aofie, the Jensen automatically drove to the next petrol station.
Lovely styling, but huge US engine.
Final choice great, remember selling mine cheaply, now try and buy an original.
Noted Aofie,
My apologies if I do rant on about economists. I will show more restraint. There are good economists, Banerjee, Perkins, Collier, Ha-Joon Chang etc, but more restraint from me.
Good to see the Fed Economics group is starting to have a dose of reality. Federal expects inflation will climb to 3.4 per cent this yearhe real one will probably be closer to 8% as commented on before), higher than the central bank’s previous forecasts, and projected for the first time that there could be two interest rate hikes in 2023. As recently as March, the Fed predicted inflation would be 2.4 per cent for this year. Earlier estimates didn’t project an initial rate hike until 2024. Oh well thats enough of that (like predicting share prices, or the POG, or CEY SP?!), but my bet is inflation is going to rise a lot more than they are predicting.
"The problem right now is that the demand is very strong, and incomes are high," Powell told reporters on Wednesday. The 10-20+m who flip burgers, open doors, sweep floors, work in hospitality, tourism would beg to differ, but what would they know?
The housing market has gone nuts in Queensland as more smart and able people flee Victoria(stan) and the Gold Coast white shoe Real Estate (RE) shufflers and bustlers come to the party. I will get an email in the morning from the Qld RE group telling me of a hush new off market house (or 5) ... just released at a steal... $x.ymillion, and in the afternoon I will get another saying..."you missed the opportunity, but wait, there is another and here it is...sleep on it and let me know in the morning!" The fun never stops in Queensland Real Estate...and especially as people rush to invest in REAL assets, no pun intended...LOL
best
the gnome
Hi Goldgnome
My comment about hating all things economist was tongue-in-cheek. It's very difficult to convey a sense of humour when writing on this board. I suppose you have to write LOL after everything you mean to not be taken seriously.
You write what you want; it doesn't offend me. I agree that most economics is useless. It's just another branch of trying to control human nature just like politics. We end up getting people who tell us what to do and running our lives, when they can't even sort their own lives and heads out (Boris Johnson). The one thing we must all do is not let them get into our heads. Know your enemy.
Kind regards
Aoife
Hi Red,
Thank you for the classic car links, very nice Jag, although I would sort out the drivers seat,(it lets the interior down) with some leather cleaner, food and colour polish https://www.buffaloleather.co.uk/repair-and-care-products-leather-car-seats.htm
Its amazing how many classic car dealers fall down on the finer detail, the drivers seat is a very important part of the buying experience and might be the sale clincher, even adding £1-2k to the agreed price.
I would also want to have a little tap or two with my tiny panel hammer of the that under seal on underside of the sill, under seal can be a good thing, but it can block drain hole causing rot or be used to cover issues rather than dealing with them properly.
The video made me cringe, the idiot from the auction drove much too fast when passing the parked cars and on the gravel of the car auction plot, those stones can cause chips to underside of wheel arches etc, you wouldn't get this behavior in an American auction, the Yanks do know how to prepare classic cars and present them much better than some sellers in the UK!
Nice Jensen, Italian styled body, although which engine 6.3L or &. 7.2L,You’re unlikely to find a manual – only 24 were made – but the Torqueflite automatic is superb. And parts for it are relatively cheap because of the huge numbers built!
Listen for rumbling on start-up: the Chrysler V8 can be very long-lived, but only if it’s well maintained. Many Jensens have been through long periods of neglect or occasional short journeys. The latter can wear them out in as few as 50,000 miles!
But more important than specification is condition, because the complex bodyshell can rot almost anywhere, especially in the bottom six inches of the structure.
Buyer beware, many are full of filler, often hidden behind stainless-steel sill trims, and many have been poorly repaired. So I would take my panel hammer and magnet and spend plenty of time inspecting door shut lines and looking along the sides of the car, get right underneath, too. Then check the car’s restoration history!
The SunBeam Alpine has been re trimmed inside, so its more than likely had bodywork too which is fine as long as its done properly!
Water and neglect are a sports car's greatest foes and many Alpines suffer the effects of both. Values during the 1980s were so low that owners dumped rusty cars rather than replace rotten sills, floors and chassis members. Those which survived into the 1990s frequently did so due to cheap repairs which are now due for proper and costly rectification. Jacking each side of the car and checking for changes in the door gaps is a quick way to uncover serious structural faults. If the framework seems sound, check under the carpets for dampness or evidence of rust, the sills, wheel-arch lips and rear quarters for body filler.
Alpine power plants are tough, reliable and easily maintained or rebuilt. Virtually everything is available!
So the Chopper may prove to be a wise
Hi Mr Gnome,
Boris has created such an unbelievably bad mess for the UK!
US president Joe Biden urged Boris Johnson to ensure the Northern Ireland peace process is protected in his bitter row with Brussels over post-Brexit trading arrangements, the White House has disclosed.
US national security adviser Jake Sullivan said Biden – who has spoken of his pride in his Irish roots – had held a “candid discussion” with the PM about the issue during the course of the G7 summit in Cornwall.
Answering questions from American reporters, Sullivan said the president had expressed his views with “deep sincerity” but declined to go into detail, suggesting Biden may have delivered his message with some feeling.
“All I’m going to say: they did discuss this issue. They had a candid discussion of it in private,” Sullivan said.
“The president naturally, and with deep sincerity, encouraged the Prime Minister to protect the Good Friday Agreement and the progress made under it.
“The specifics beyond that, I’m not going to get into.”
Sullivan would not be drawn on whether the president had linked the issue to a free trade deal with the UK and did not specify when the conversation took place.
The two leaders held a bilateral meeting on Thursday before the main summit began and afterwards Johnson played down any differences between them on the issue.
The disclosure came as the gathering ended with a furious diplomatic spat after foreign secretary Dominic Raab accused French president Emmanuel Macron and other senior EU figures of talking about Northern Ireland “as if it was some kind of different country to the UK”.
He described such attitudes as “offensive” and called on the EU to show “respect” as such comments caused deep concern within Northern Ireland.
At his closing news conference, Macron strongly denied that he had ever questioned British sovereignty but insisted the UK must honour the commitments which Johnson signed up to in the Brexit Withdrawal Agreement.
“On this topic, everyone should return to reason, and my wish is we succeed, collectively, to put in motion what we all decided upon together several months ago,” he said.
“We should do it in all calm and with mutual respect, and I think that polemics every morning are not helpful.”
The continuing row over the implementation of the Northern Ireland Protocol in the agreement – intended to protect the peace process by ensuring there is no return to a hard border with the Republic – overshadowed much of the summit.
Johnson repeated his warning that he could unilaterally delay the latest checks on chilled meats moving from Great Britain to Northern Ireland – due to come into force at the end of the month – unless there was a resolution to the dispute.
The EU has previous said that its patience is wearing “very, very thin” and had threatened to launch a trade war unless the UK abides by its treaty obligations.