Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Gunsup, i agree..
D..
– but fears Red Sea crisis could push prices higher take hold.
Inflation is expected to continue its descent when new figures are released on Wednesday, amid growing fears that the conflict in the Middle East could spark a resurgence in inflation.
Economists expect the headline consumer price index (CPI) for December to come in at 3.8 per cent, marginally lower than the 3.9 per cent recorded in November.
The dip in the headline rate will be driven by the continued easing in food inflation while energy prices will also continue falling.
Core inflation – which strips out volatile components and is seen as a more accurate gauge of inflationary pressures – is expected to fall to 4.9 per cent, down from 5.1 per cent the month before.
Although December’s figures will still show some progress in the fight against inflation, it will be at a much slower pace than the last two months.
In October and November, inflation came in meaningfully below both market expectations and the Bank of England’s own forecasts. The Bank thought inflation would only have fallen to 4.6 per cent by the turn of the year.
The Bank is likely to face more pressure to start lowering interest rates following the figures. Markets are betting that interest rates will be lowered in the first half of this year, although rate-setters have so far insisted it is “too early” to lower rates.
The Bank has often pointed to elevated levels of wage growth as a sign that domestic inflationary pressures remain too strong to start lowering rates.
Investors will get fresh wage growth figures on Tuesday with City economists predicting that annual wage growth will have eased to 6.6 per cent in the three months to November.
December’s inflation data will be published amid widespread concern that an escalation of conflict in the Middle East could see a resurgence in inflation.
Hundreds of container ships have been forced to sail around the southern tip of Africa rather than going through the Red Sea, where the Houthis have been targeting ships. Last week the UK and US launched air strikes against the Houthis in an attempt to deter the Iran-backed rebel group from disrupting global shipping routes.
Justifying the airstrikes, the foreign secretary, Lord David Cameron, said “prices will go up in Britain and across the globe” if the Houthis continue threatening global supply chains.
Business leaders have also expressed concern about the potential impact on inflation. Last week, Ken Murphy, chief executive of Tesco, warned that the disruption to shipping “could drive inflation on some items“.
Experts suggested, however, that it is still too early to tell whether this disruption will prompt any meaningful uptick in inflation.
Gerald Khoo, a transport analyst at Liberum, said higher shipping costs were unlikely to lift inflation.
Read more.
https://www.cityam.com/inflation-set-to-fall-but-fears-red-sea-crisis-could-push-prices-higher-take-hol
Set for 1997-style election defeat - poll.
British Prime Minister Rishi Sunak's Conservative Party is set for an electoral defeat on a par with its heavy loss to the Labour Party in 1997, according to a YouGov opinion poll published in the Telegraph newspaper.
Ahead of an election expected later in 2024, the poll predicted Labour was on course to win 385 seats in parliament while the Conservatives will retain just 169, losing more seats than they did in 1997.
https://www.reuters.com/world/uk/britains-conservatives-set-1997-style-election-defeat-poll-2024-01-15/?taid=65a4f9f1a212d8000143bd4d&utm_campaign=trueAnthem:+Trending+Content&utm_medium=trueAnthem&utm_source=twitter
DYOR
One million investors to be hit with dividend tax bills for first time
Jeremy Hunt accused of sending ‘mixed messages’ amid efforts to promote investing.
More than a million investors will pay tax on investment dividends for the first time from April as allowances are halved...
DYOR
.... ‘faces £100mn tax bill’ and potential insolvency - https://on.ft.com/3HhM4MV
DYOR
.... to lowest in 28 years as drought continues.
https://www.proactiveinvestors.co.uk/companies/news/1038117/london-ipos-fall-to-lowest-in-28-years-as-drought-continues-1038117.html!~OMSelectionMarkerStart~!!~OMSelectionMarkerEnd~!
DYOR
In London has stalled, prompting calls for “urgent” action by the government to help boost growth in the capital ahead of the March Budget.
https://www.cityam.com/urgent-action-required-as-london-jobs-market-falls-at-steepest-rate-since-covid/
DYOR
As all eyes on big bank earnings
U.S. stock index futures were muted on Friday as investors were cautious ahead of earnings reports from the country's biggest banks that are expected to shed light on the health of corporate America.
U.S. banking giants, which kick off the earnings season, are expected to report lower fourth-quarter profits as they set aside more reserves to cover for potential loan defaults.
Profits could also be curbed by banks paying more to keep depositors' money in their accounts.
Read more;
https://www.reuters.com/markets/us/futures-subdued-all-eyes-big-bank-earnings-2024-01-12/?taid=65a12193f13d5f0001ff80da&utm_campaign=trueAnthem:+Trending+Content&utm_medium=trueAnthem&utm_source=twitter
DYOR
Not all is well in China as we all know weak business confidence is a major problem which having a knock on effect with China’s credit expansion.
DYOR
Hard’on, try not to get mentally erected and as for lloy I dont have be invested and guard the lloy BB like a cartoon dog who doesn’t know he’s on a long lead, due to stockhold syndrome. Lloy can be traded in many different ways, lol…..
D..
Hardup you are an idiot. simple, and well behind the curve.
markets had reached the extreme in the fear and greed index, in fact extreme. this tells you a lot about lloy as it never even recovered to pre-pandemic levels...
As for wars wait until it kicks off between China over Taiwan it will ruin the global economy.
DYOR
HARDUP ""Why the sudden fall in Market and Lloyds share price yesterday after a good start? Looks like the City wide boys got the nod yesterday morning that military action by the US and UK against targets in Yemen was imminent."
Give it a rest, seriously...
Darth
Livestock ""Lloyds is UK focused bank, just wait till rates start dropping and Lloyds will be back over 60p""
you stated as much as rates started to rise....lol
DYOR
Hardup ""Nothing like a down day to flush DT and Falky out of the undergrowth""
unlike you, the one that wont flush, the floater ..lol
DYOR
Afternoon MD..
D..
Kipperfoot "scandalous market makers"
https://www.youtube.com/watch?v=oBtOpA7x3LM&t=3s
DYOR
Fear and Greed : Markets are witnessing Extreme Greed...
DYOR
... picks up more than expected in December.
https://www.bbc.co.uk/news/business-67940747
DYOR
Happy new Year to you MD...
Darth...
“When others are fearful be greedy; when others are greedy be fearful.”
https://edition.cnn.com/markets/fear-and-greed
DYOR