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FTSE 100 is expected to make a bright start to the week heading back towards the 7,900 mark taking encouragement from a positive set of earnings from a number of leading US banks.

Spread betting companies are calling London’s lead index up by around 21 points

https://www.google.com/amp/s/uk.sports.yahoo.com/amphtml/news/ftse-100-live-shares-seen-061223980.html

Up 7%

EmeraldCarrots

I agree the share price 178p in 2021 also the GBP/USD was 1.40, as the pound strengthens IAG gets more purchasing power for their buck aircraft leasing costs fuel and insurance is all dollar based, it's all good looking at the big numbers but operating margins are wafer thin for the airline

With the cyclone and severe weather conditions in the pilbara this is bound to push back any approval of the Heritage license another 6 months

FTSE 100 is expected to start the final day of the trading week on the front foot with Dechra Pharmaceuticlals PLC in the spotlight after it confirmed receiving a bid approach after the London market close on Thursday.

Spread betting companies are calling London’s lead index up by around 19 points.

Severe Tropical Cyclone Ilsa struck the state close to Port Hedland, the world's largest iron ore export hub, just before midnight (17:00 BST)

https://www.google.com/amp/s/www.bbc.com/news/world-australia-65259342.amp

“Sell in May and go away, come back on St. Leger's Day,”

Can't see 60p anytime soon

UK mortgage availability turned positive for the first time in over a year in the past quarter, the latest Bank of England survey showed.

But amid recent banking sector wobbles, lenders plan a tighter supply of new mortgages in the second quarter.

The survey was carried out in the first two and a half weeks last month, amid the collapse of Silicon Valley Bank and the fall of Credit Suisse, with lenders asked about conditions from December to February.

Recent mortgage approval data for February showed the first improvement since last summer but remained more than a third below their levels from a year ago as high borrowing costs squeeze household spending.

The quarterly BoE credit conditions survey showed rising default rates across mortgages, consumer credit and loans to both large and mid-sized businesses, with banks expecting defaults to increase further in the current quarter.

Also, losses given default on mortgages increased and were expected to increase further this quarter.

Bank of America raises International Consolidated Airlines price target to 2.8 (2.7) EUR - 'buy'

The UK economy flatlined in February, with no growth in GDP, according to official figures.

It followed growth of 0.4% in January and confirmation that the UK economy avoided recession in the second half of 2022 and actually grew 0.1% in the final three months of the year.

The most recent projections from the independent economic forecaster, the Office for Budget Responsibility (OBR), said the UK will avoid recession - defined as two consecutive quarters of negative growth - in 2023, despite previous predictions.

The FTSE 100 is expected to dip at the open after US markets fell from earlier highs as the minutes of the latest Federal Reserve meeting showed officials fear the recent banking turmoil could tip the US into recession.

Spread betting companies are calling London’s lead index down by 10 points

Gunsup
The main points to take from his speech going forward are
"Today I do not believe we face a systemic banking crisis. When I look at the UK banks, they are well capitalised, liquid and able to serve their customers and support the economy."

Lloyds is oversold and has the potential for a price bounce

GL

Bank of England Governor Andrew Bailey has said bank reforms enacted after the global financial crisis of 2007-09 worked during the recent banking turmoil, but there were questions about whether banks should set aside bigger cash buffers in future, according to a Reuters report.

In a speech on Wednesday to the Institute of International Finance in Washington, where he is attending International Monetary Fund meetings, Bailey said: "Today I do not believe we face a systemic banking crisis. When I look at the UK banks, they are well capitalised, liquid and able to serve their customers and support the economy."

Bailey, however, echoed calls from his predecessor Mark Carney by saying there might be questions over the size of liquidity buffers required of banks in order to tide them over short-term shocks.

"We can’t assume that, going forwards, the current answer on the total size of liquidity protection is the correct one," he said. "We saw with Silicon Valley Bank that with the technology we have today – both in terms of communication and speed of access to bank account – runs can go further much more quickly. This must beg the question of what are appropriate and desired liquidity buffers that create the time needed to take action to solve the problem."

Bailey said future size and make-up of banks' liquidity buffers would influence how far central banks go in reducing the size of the bond holdings they have acquired since the financial crisis and which grew further during the coronavirus pandemic, Reuters noted.

"Weak hands"
is a term often used to describe traders and investors who lack conviction in their strategies or lack the resources to carry them out. It also refers to a futures trader who never intends to take or provide delivery of the underlying commodity or index.

Pound to Dollar Rate Rallies on Softer U.S. Inflation

https://www.google.com/amp/s/www.poundsterlinglive.com/usd/18507-pound-to-dollar-rate-rallies-on-softer-u-s-inflation/amp

Lloyds Banking Group PLC (LSE:LLOY)’s estimates have been tweaked by analysts at RBC Capital Markets which continues to see plenty of upside in the stock.

The broker has updated its model following the restatement of Lloyds’ accounts, which now incorporate the actual impact of the IFRS 17 accounting standard on financial year 2022 historical data.

https://www.proactiveinvestors.co.uk/companies/news/1011877/lloyds-bank-estimates-tweaked-by-rbc-which-keeps-70p-target-1011877.html

IAG is more likely to be linked to GBP/USD got inflation figures out this afternoon The pound slipped against the dollar this morning as investors remain cautious ahead of high-impact events on the data calendar for today, pound to dollar forecast remains bullish needs to get back above 1.30 to 1.40 for SP to recover

GL

https://www.thisismoney.co.uk/money/mortgageshome/article-11960995/amp/The-50-house-price-hot-spots-doubling-10-years.html

investors sitting tight ahead of a key batch of inflation data in the US this afternoon