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The Bank of England has pushed the UK into recession by refusing to clearly communicate its plans to cut interest rates, top economists have warned
https://www.telegraph.co.uk/business/2024/02/07/bank-england-pushed-britain-into-recession-niesr/
Spotify Technology SA (NYSE:SPOT) shares rallied around 3.5% to €213 after its operating loss for the fourth quarter was narrower than the company’s guidance had initially forecast
https://www.proactiveinvestors.co.uk/companies/news/1040287/spotify-shares-rally-on-earnings-beat-and-user-growth-1040287.html
The FTSE 100 is expected open higher on Tuesday after US markets closed above early lows and despite figures showing a drop in retail sales in January.
Spread betting companies are calling London's lead index up by around 18 points
Lloyds, NatWest and HSBC are all rated 'overweight' by the analyst and StanChart 'equal-weight'. Price targets for Lloyds and NatWest were uncnaged at 65p and 330p respectively.
https://www.proactiveinvestors.co.uk/companies/news/1040208/lloyds-and-hsbc-to-impress-with-shareholder-returns-at-earnings-season-analyst-1040208.html
Lloyds Banking Group PLC (LSE:LLOY) is top of the fallers, down 1.0% after a report in the Financial Times that it was one of two UK’s banks used by Iran to covertly move money around the world as part of a vast sanctions-evasion scheme backed by Tehran’s intelligence services
Looking like it's another year Lloyds trading in the 40p price range crap share
The FTSE 100 is expected to open lower after the chair of the US Federal Reserve poured cold water on hopes for a cut in interest rates in March as they left interest rates unchanged.
Spread betting companies are calling London’s lead index down by around 26 points
The FTSE 100 is expected to open marginally higher on Wednesday as the market awaits the interest rate decision and commentary from the US Federal Reserve.
Spread betting companies are calling London's blue-chip index up by around 10 points
Business confidence has reached its highest level since February 2022, as firms bet that falling inflation and interest rate cuts will boost the economy.
Overall confidence rose in the Lloyds Business Barometer, which measures businesses’ confidence by assessing their trading prospects and optimism in the economy, rose to 44 per cent in January, up nine points from last month.
Hann-Ju Ho, senior economist at Lloyds, noted this had been the strongest start to a year since January 2016.
https://www.cityam.com/business-confidence-bounces-back-in-january-to-two-year-high/