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..interestingly enough The Fed’s Raphael Bostic says there’s no rush to cut rates with the labor market and economy still strong...
I would doubt very much that a UK rate cut is forthcoming anytime soon....as the UK is only a "Small Recession, " lol, lol, sorry for the lol but that never gets old...and as for unemployement, what unemployment...
DYOR
I posted an article about the US and the responses from posters are very telling, one can almost smell the fear....
DYOR
SUFCESSEX, try reading the article, it was about the US...not UK
DYOR
Not fundamentals, is driving stock gains, and a recession could send stocks down more than 30%, market vet says.
https://markets.businessinsider.com/news/stocks/stock-market-crash-recesion-outlook-economy-sp500-bull-market-2024-2#:~:text=Emotion%2C%20not%20fundamentals%2C%20is%20driving,than%2030%25%2C%20market%20vet%20says&text=Plowing%20cash%20into%20this%20type,in%20the%20%22wonderland%22%20economy.
DYOR
FB "Labour voters?"
ALL voters, we tend to keep any Gov in power far too long....thinking it will get better.
DYOR
""If the Tories can deliver giant tax cuts in H1 2024, and restore the feelgood factor by summer, Rishi can win the UK election in H2 2024.""
i wouldn't rule anything out.....it's not in the bag for Labour just yet, plus the UK had already put up with 5 Tory PM's. The country is as thick as .....
DYOR
Due to 4% inflation, says Bank boss.
https://www.bbc.co.uk/news/business-68285819
DYOR
High interest rates help Germany's Commerzbank post best results in 15 years...
It'll be interesting to see how the UK banks do...
DYOR
"small recession".....I can't stop larf'n , "small recession"...lol. I can almost hear Sunak at PM questions, it's only a Small Recession....only small. like the mayor of shark city..lol
DYOR
"small recession"....didn't know there was such a thing, is that a Tory thing...?
DYOR
NuckyT... 😂🤣
DYOR
From global office market slump - Morningstar DBRS.
Banks globally will likely rack up further losses on office property loans as a bruising crash in valuations leads to more defaults, credit rating agency Morningstar DBRS said on Wednesday.
Higher borrowing costs and a sharp fall in demand for office space as more people work from home has punished commercial landlords, increasing the risk of their bank loans going unpaid.
Several lenders including Wells Fargo (WFC.N), opens new tab and JPMorgan (JPM.N), opens new tab in the United States and Deutsche Bank (DBKGn.DE), opens new tab in Germany have set aside more cash to cover potential losses on office loans, particularly to cover exposure in the United States.
DYOR
Fell by 1.4% on an annual basis in December, after a revised 2.3% decrease in November, the Office for National Statistics (ONS) said on Wednesday.
London was the region with the biggest annual decrease with prices in the capital falling by 4.8%, it said.
"Our initial estimate of UK house prices shows another annual fall in December, however the pace of decrease has slowed since the previous month," Aimee North, head of housing market indices at the ONS, said.
DYOR
Doesn’t expect Red Sea vessel transits to resume ‘anytime soon’.
https://www.cnbc.com/2024/02/14/shipping-giant-maersk-doesnt-expect-red-sea-transits-anytime-soon.html?taid=65ccb34147c3790001f62788&utm_campaign=trueanthem&utm_medium=social&utm_source=twitter%7Cmain
DYOR
Threatens to light the fuse on Britain’s debt bomb.
https://www.msn.com/en-gb/money/other/a-new-pensions-crisis-threatens-to-light-the-fuse-on-britain-s-debt-bomb/ar-BB1ic8LG?ocid=msedgntp&pc=U531&cvid=0c81565715c344858cc04668b38299c5&ei=4
DYOR
Superdry may have to put on clearance sale in desperate dash for cash as questions swirl over future.....
https://www.msn.com/en-gb/money/other/superdry-may-have-to-put-on-clearance-sale-in-desperate-dash-for-cash-as-questions-swirl-over-future/ar-BB1hhPga?ocid=msedgntp&pc=U531&cvid=d4117b1ce6b94a88875bb431939331fb&ei=3
DYOR
I'm sure UKX will normal service will resume later today..
DYOR
Faces toughest challenge since 1950s on debt - IFS.
DYOR
China's attempts to lift confidence in economy fall flat..
https://www.reuters.com/world/china/chinas-attempts-lift-confidence-economy-fall-flat-2024-01-24/?taid=65b0e5832fcc0f0001fdc5d6&utm_campaign=trueAnthem:+Trending+Content&utm_medium=trueAnthem&utm_source=twitter
DYOR
"Fears are growing that China’s listed companies will announce disappointing earnings in coming weeks, adding to the downdraft facing the world’s worst-performing major equity market"
DYOR