Member Info for hardup

Even if rates stay higher for longer, hopes of a soft landing are alive and well.

Investors are again recalibrating their expectations around the Federal Reserve's long-awaited interest rate cuts. After hotter-than-expected jobs market data surprised investors on Friday, Treasury yields spiked and bond futures markets pared back their expectations for policy easing.

While the report showed a reacceleration in hiring, the concern was that too much strength in the job market, coupled with stubborn inflation, could keep the central bank on hold even longer. Bond traders now see a roughly equal chance that rates hold steady or the Fed lowers the funds rate for the first time in this cycle at its September meeting. Before the report, traders pegged the odds of a September cut at 55% versus a 33% chance they'd be held steady.

But despite handwringing over the effect of so-called "higher for longer" policy on the economy and equities, strategists say investors have reason for optimism. In fact, our current scenario – and what's most likely to come – may propel the powerful bull market, which has seen stocks up nearly 12% year-to-date, to even more gains in the second half.

https://www.morningstar.co.uk/uk/news/250160/what-this-weeks-fed-decision-means-for-stocks.aspx?

Chid

Why do you single out Lloyds every time! All UK banks are down today. Lloyds is down the least. Barclays and Natwest have fallen twice as much as Lloyds today. Take your blinkers off.

Labour drops plans to bring back lifetime allowance.

Labour has dropped plans to bring back the lifetime allowance (LTA) on pension savings.

The move, reported by the Financial Times, is a major U-turn for the opposition party as it prepares to launch its manifesto for the 4 July general election with a 22-point lead in current polling.

According to the FT, Labour’s shadow chancellor Rachel Reeves has decided to drop the plans because it would add uncertainty for savers. Labour is also trying to avoid accusations of raising taxes ahead of the vote.

https://citywire.com/funds-insider/news/labour-drops-plans-to-bring-back-lifetime-allowance/a2444082?

After 73 trading days, buyback complete to date:

Total shares to date....................................................1,543,835,051

Aggregate cost to date... ............................................ £794,786,131.36

Average price paid to date..........................................51.4813p

Percentage of £2 billion buyback completed............39.74%

Dorfan

"Labour could change the way the BoE pays interest on the £770bn of reserves it holds on behalf of commercial banks."

How? The BoE sets the rates, not the Government. And lets not forget it was Labour that gave that responsibility to the BoE.

After 72 trading days, buyback complete to date:

Total shares to date....................................................1,499,168,862

Aggregate cost to date... ............................................ £770,614,219.19

Average price paid to date..........................................51.4028p

Percentage of £2 billion buyback completed............38.53%

Falky

"Hardup, well, you are splitting hair now cos the sp didn't hit 71p, did it ?...IMHO"

Who's splitting hairs......you. The SP hit went over 55p the very next day you said it would not in the next 5 years. And your quote was "in 5 years", so the SP has not hit 71p yet but still 5 years to go. If it has not hit 71p in 5 years then you can start crowing.

Falky

"No, it won't see 71p now nor in the next 5 years."

It was not that long that you said it would not see 55p in the next 5 years! 🤣🤣

After 71 trading days, buyback complete to date:

Total shares to date....................................................1,479,596,220

Aggregate cost to date... ............................................£759,871,872.49

Average price paid to date..........................................51.3567p

Percentage of £2 billion buyback completed............37.99%

Glasshalfull

Log on and open your Fund and Share Account. Click on the "CASH" tab. From the drop down menu that appears click on the "INCOME AND LOYALTY BONUS" tab. Then look for the section INCOME ACCOUNT BALANCE AND SETTINGS. In that section click on the link "Transfer your income balance to your capital account now". That then opens a window asking how much you would like to transfer. Enter the amount in the box and press the confirm button. That amount is then transferred to your capital account.

Glasshalfull

With Hargreaves Lansdown when you receive the dividend payment in your income account you have to transfer the money from your income account to your capital account before you can withdraw it or reinvest. You should do this the day you receive the dividend payment in your income account and then it is available to withdraw or reinvest.

The Bank of Canada yesterday lowered it's base rate by 25 basis points for the first time since March 2020, cutting the rate to 4.75%. ECB are also expected to lower rates today.

https://www.cbc.ca/news/business/bank-of-canada-key-interest-rate-june-5-1.7225076#

After 70 trading days, buyback complete to date:

Total shares to date....................................................1,451,503,990

Aggregate cost to date... ............................................£744,334,959.03

Average price paid to date..........................................51.2803p

Percentage of £2 billion buyback completed............37.22%

STP..........."I support Labour, but Starmer is a t055er!"

STP 16 May......."Our mate Keir, will soon be PM."

🤡

"

Nige got of to a good start on the campaign trail today in Clacton.......a woman got arrested for throwing a milk shake over him! 🤭

After 69 trading days, buyback complete to date:

Total shares to date....................................................1,418,867,128

Aggregate cost to date... ............................................£726,366,408.29

Average price paid to date..........................................51.1934p

Percentage of £2 billion buyback completed............36.32%

🤡

"Ah, I bought at two times, during the 2010 crash and the covid crash. You can hardly call that gambling. A few purchases in between, but majority of holdings were bought during the crashes."

Yeah right! 🤥

Gate13Boy......you've been keeping your head low for a while 😎

After 68 trading days, buyback complete to date:

Total shares to date....................................................1,399,928,522

Aggregate cost to date... ............................................ £715,858,739.40

Average price paid to date..........................................51.1354p

Percentage of £2 billion buyback completed............35.79%