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Germany to Pass Japan as Third-Largest Economy, Helped by Weak Yen. Yen sliding to 160 per euro; near three-decade low to dollar..
IMF also sees Germany’s GDP remaining larger in dollar terms...
DYOR
Germany is about to overtake Japan as the world’s third-largest economy in 2023,
DYOR
Google and a coalition of US banks and foundations are pledging to steer at least $4 billion toward small businesses and minority lending institutions...
DYOR
LTI...
😂🤣
D...
Back plans to pump pension cash into the economy...
Top venture capital firms have thrown their weight behind a move to channel pension cash into start-ups today as the government accelerates its efforts to get more retirement money flowing into the economy.
In an announcement this morning, 20 venture firms including Octopus, Balderton and Lakestar said they had signed a new “Venture Capital Investment Compact” backed by the Treasury, which would help unlock £50bn to flow into unlisted companies by the end of the decade.
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MD "Meant to close the short @ 39.40p....Greed isn't good, never mind.""
??..!
I suppose you are right, it does get worse..
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Tygra, yes, you are correct about Liverpool I know people who can not sleep at night who thought the BLT would a good idea. It was once or as you say if your cash rich.
The impact of rates had only just started to filter down and if inflation takes a turn for the worse then it will be carnage...
DYOR
To choose fiscal muscle over big reforms to revive economy.
China is set to unleash fresh fiscal stimulus to shore up its economic recovery, drawing on a well-used playbook that relies heavily on debt and state spending but falls short on the deeper reforms called for by a growing number of analysts.
Some government advisers are recommending China lifts its 2024 budget deficit target beyond the 3% of gross domestic product (GDP) set for this year, which would allow Beijing to issue more bonds to revive the economy, policy insiders and economists have told Reuters.
DYOR
(BoC) will leave interest rates on hold on Wednesday as the economy stalls, analysts said, though many see the central bank warning that future hikes are still possible with inflation hovering well above its 2% target.
In July, the BoC hiked rates to a 22-year high of 5.0% and said more hikes might be needed, but it held in September as growth appeared to be weakening. That trend has been confirmed, with growth effectively stalling in July and August.
DYOR
Biden fears wider war in Middle East.
Top U.S. officials tell us the threats of a war widening from the Gaza Strip are real and rising, forcing the Pentagon to put more U.S. forces on higher alert for quick deployment and rush additional weapons systems to the region.
read more;
https://www.axios.com/2023/10/23/biden-israel-gaza-middle-east-war-threat
DYOR
Pile into cash savings and government bonds...
Retail investors are flocking to cash savings and government bonds as riskier bets lose their attraction, updates from two of Britain’s best-known asset managers suggest.
Funds supermarket Hargreaves Lansdown said growth over the latest quarter was driven by customers switching to its Active Savings, a platform to access different cash rates offered at banks.
And rival AJ Bell said investors have been stocking up on government bonds, which are much lower-risk than shares and are now providing far better returns than in the recent past.
Stock markets have proved choppy over recent months amid worries about interest rates staying higher for longer. War in the Middle East and the cost of living squeeze have taken a toll.
Hargreaves reported a slowdown in net new client growth to 8,000 for its first quarter to the end of September, down from 13,000 in the previous quarter.
There was a ‘heightened level’ of withdrawals and a shift towards Active Savings. Share dealing volumes also fell even though it enjoyed a boost from the returns on cash in accounts. I
ts shares slid 6.1 per cent, or 44.6p, to 692.2p.
AJ Bell reported a 10,918 rise in customers in the latest quarter and noted a shift to safer investments.
Laith Khalaf, its head of investment analysis, said: ‘Five of the ten most popular investments in September were government bonds... and this is a trend we’ve seen across the summer too.’
The company’s stock rose 4.3 per cent, or 11p, to 265.4p.
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RR78, It's not wee I'm a grown up, bless you., nevermind i suppose you'll get that one day...
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... £565m UK property fund to shut after investors pull cash
High interest rates and a darkening economic outlook are undermining investor confidence.
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S11, exactly, i respect the fact he delivered two Ref, as stated in the Tory manifesto, but to resign was selfish imho afterall he was voted in to lead as you say and should have seen it through.
Truss had a bigger set of Billhooks than Cameron.
DYOR
30-year bond yields climb to the highest since 1998, surpassing levels seen in the crisis that followed the Liz Truss mini-budget..
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88, personally i think winning the election it's a poisonous chalice...
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HU, ""OK......Tory landslide win. 😎""
possible...long road ahead anything can happen;
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As always, expect the unexpected...
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S11, Cameron held that Ref believing remain would win......! Honour had nothing to do with his resignation, he saw his @rse...simple!
DYOR