Member Info for Darth.Trader

Sterling steady at one-month highs as Powell remarks dent dollar..

DYOR

..for 'difficult' talks with Tata Steel.

New negotiations with Tata Steel over its restructure will be "difficult", the business secretary has said.

But Jonathan Reynolds said the UK government has "got to try" to change plans which will cost 2,800 jobs.

The company will close the second of its Port Talbot blast furnaces in September, citing losses of £1m a day.

Mr Reynolds is meeting unions on Wednesday to discuss efforts to reach a "better deal" with the company.

https://www.bbc.co.uk/news/articles/cxx2jzz175go

DYOR

Raises £1.8bn to back UK start-ups and unicorns like Revolut..

Global venture capital firm Index Ventures has announced $2.3bn (£1.8bn) in new funds, which it will use to supercharge startups and growth companies in the UK and globally.

The capital injection includes an $800m (£625m) venture fund and a $1.5bn (£1.2bn) growth fund. Index Ventures plans to deploy a significant proportion of this in the UK, where it has backed a large number of UK unicorns.

Britain’s growth minister, Lord Livermore, praised the investment, saying: “Boosting private investment into the UK economy is an urgent priority for our growth mission, so I very warmly welcome Index Ventures’ commitment to Britain and their vote of confidence in our VC sector.

“It’s great to see how private investment in the technologies of the future will create thousands of jobs so people across the UK can benefit,” he added.

https://www.cityam.com/vc-firm-index-ventures-raises-1-8bn-to-back-uk-start-ups-and-unicorns-like-revolut/

DYOR

Current data does not support greater confidence in the inflation path the Fed needs to cut rates

He also said that holding rates high too long could jeopardize economic growth

"It is not likely that the next move will be a rate hike"

DYOR

US will no doubt be upbeat on $NVDA...

DYOR

The SP may well be closing a Small gap-up from Friday's opening bell, nothing to get excited about MD...

DYOR

Face pressure from lower interest payments, higher credit losses

https://www.reuters.com/business/finance/us-bank-profits-face-pressure-lower-interest-payments-higher-credit-losses-2024-07-09/?taid=668d18409362c50001641484&utm_campaign=trueAnthem:+Trending+Content&utm_medium=trueAnthem&utm_source=twitter

DYOR

MD "" DT, Thanks, I have big faith that Labour will f6k up things soon (The Banks) .""

not in the near future, maybe the global turbulence will lend you a hand but to be honest i can see Lloy SP touching 70 before a retrace...

Good luck..

D....

MD, i did say if the SP breaches 56p then it had legs...hopefully you can recover some loses on another trade, good id luck..

DYOR

, breaking streak of gains in "setback".

https://www.reuters.com/markets/europe/euro-zone-investor-morale-drops-breaking-streak-gains-setback-2024-07-08/?taid=668ba84168b1fc0001ab87ae&utm_campaign=trueAnthem:+Trending+Content&utm_medium=trueAnthem&utm_source=twitter

DYOR

RR78, "" so I ask this. When is he signing Blair's arrest warrant for war crimes?"".

So i suppose saying that the last 5 PM's did not have integrity...?

😂😂😂😂😂

DYOR

Skier ""FTSE plunging now. Reality of the UK situation is sinking in.""

oh please....stop it my sides are aching...lol. Wall ST also giving up some gains...

DYOR

'There's not a huge amount of money'..

Rachel Reeves has issued a damning assessment of the state of the UK’s finances.

The incoming chancellor of the exchequer said she was inheriting a depleted economy from the Conservatives that would create a “challenge” for the new Labour government.

“There’s not a huge amount of money there,” Ms Reeves told the BBC. “I know the scale of the challenge I inherit.”

Ms Reeves, who will be formally appointed chancellor on Friday afternoon, said she would lean on the private sector to cover the shortfall.

“Private-sector investment is the lifeblood of a successful economy. We need to unlock private-sector investment,” she said.

read more;

https://www.bbc.co.uk/news/articles/cldyeykzp33o

DYOR

The Gap up @the open today may well get filled at the bell and that will only be good news for Monday's opening bell...

DYOR

Added 206,000 jobs in June, while prior months were revised lower, bolstering prospects that the Fed will cut interest rates in coming months..

DYOR

RR78, ""Has Starmer finished for the weekend yet?"

No, but Sunak knocked off earlier today...

DYOR

Mick-b , apologies for typo's etc, i'm on my phone and trying to do lots of things...time for lunch, enjoy the rest of the day..!

DYOR

Mick-b, as soon as the exit poll got announced, it was curtains for the Tory party but i'm glad this election had put to the SNP bid to break up the Union so at least we can put that to bed which something that the other elections could not do, but agian this was parly down to a wee bit of self harming..

DYOR

""Larry the cat about to receive his SIXTH Prime Minister.""

3 Lives to go then....lets hope it's not in the first term...!

DYOR

ATISHA "I expect that the people traffickers in France, Belgium and Eastern Europe will be putting up their prices now and hiring ferries to bring over our much needed workers . Ah no, Labour are going to smash the gangs."

Don't be silly, Labour will not waste them Rwnada planes, he'll fly them in...Only joking ...please no threats on taking my my village out..!

Well done Labour, although Tory self harming played a huge part in this win...

DYOR