Member Info for Darth.Trader

"small recession"....didn't know there was such a thing, is that a Tory thing...?

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NuckyT... 😂🤣

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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.

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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.

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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

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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

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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

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I'm sure UKX will normal service will resume later today..

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Faces toughest challenge since 1950s on debt - IFS.

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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

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"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"

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STP....."2024 to the year of another crash then?"

"Hardup...If Labour win the General Election yes."

Wasn't aware a Constituency Labour Party existed in China.....

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"With more than $6 trillion wiped off the market value of Chinese and Hong Kong shares since a peak in 2021, investors are hoping the government will try to steady the ship. "

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US-listed Chinese stocks crash to decade lows as concerns about the world's second-largest economy mount.

https://markets.businessinsider.com/news/stocks/us-listed-china-economy-deflation-stocks-nasdaq-golden-dragon-index-2024-1!~OMSelectionMarkerStart~!!~OMSelectionMarkerEnd~!

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Blow to homeowners as major bank increases mortgage rates

Uncertainty ahead of the upcoming Bank Rate decision is impacting the market.

Santander has become the first major lender to increase mortgage rates this year after last week’s surprise rise in inflation...

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China weighs stock market rescue package backed by $278 billion..

https://finance.yahoo.com/news/china-weighs-stock-market-rescue-015731696.html!~OMSelectionMarkerStart~!!~OMSelectionMarkerEnd~!

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Xi plots emergency intervention to shore up China's crumbling stock market

Investor confidence is at a low in the wake of the Chinese property downturn...

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... Impacting every corner of economy', Nasdaq highest since 2021.

https://uk.finance.yahoo.com/news/ftse-100-live-22-january-061612319.html!~OMSelectionMarkerStart~!!~OMSelectionMarkerEnd~!

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US Bankruptcies Hit 13-Year High As ‘Bond King’ Jeffrey Gundlach Predicts Massive Recession Incoming.

https://dailyhodl.com/2024/01/20/us-bankruptcies-hit-13-year-high-as-bond-king-jeffrey-gundlach-predicts-massive-recession-incoming/!~OMSelectionMarkerStart~!!~OMSelectionMarkerEnd~!

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...Facing Critical Distress Surge 26% by Start of 2024

More than 47,000 businesses near collapse by the end of 2023

Construction, health and education drive rise.

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