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Nice rise today can see this carrying on tomorrow the FTSE 100 closed near a five-week high after optimism surrounding softening monetary policy

An uptick in commodities such as iron ore, copper, and nickel have helped mining stocks outperform the index, with investors clearly willing to overlook continued recession and Chinese lockdown concerns

The pound started to bounce back against the dollar on Tuesday ahead of the Bank of England’s meeting on UK interest rates later this week

""Oil prices are higher, in the wake of the latest OPEC report on the market.

Brent crude has added 1.72% to US$94.41 a barrel while West Texas Intermediate, the US benchmark, is up 1.59% at US$87.91.

Craig Erlam, senior market analyst at Oanda said: "OPEC released its 2022 oil market report on Monday and sees demand continuing to grow in the coming years. That's despite the economic headwinds in the near term that drove its controversial two million barrel cut last month""

The rising oil prices not affecting IAG's share price now is it

FTSE 100 expected to open higher on Tuesday, shrugging off a weak showing in the US, with investors eyeing interest rate decisions either side of the pond this week.

Spread betting companies are calling the lead index up by around 56 points

November 17 rishi sunak will announce his new physical plan Lloyd's will be back to 50p

(IAG), the owner of British Airways, is eyeing up a possible deal for troubled rival easyJet PLC, according to reports over the weekend.

https://www.proactiveinvestors.co.uk/companies/news/996885/british-airway-owner-iag-and-easyjet-takeover-rumour-gets-warm-reception-996885.html

thereal0007

You was calling 80p with your charts and graphs must of lost a package shorting this stock

Heathrow lifts the passenger cap on Sunday IAG up 5% on Monday

China's factory activity fell in October due to frequent Covid outbreaks, the National Bureau of Statistics said Monday

https://www.google.com/amp/s/www.cnbc.com/amp/2022/10/31/chinas-factory-activity-fell-in-october-bogged-down-by-covid-controls.html

JP Morgan raises IAG target to 145 and

China's factory activity shrank in October after industries were hit by strict Covid lockdowns with the PMI coming in at 49.2 points, down from September's 50.1 and below the 50-point mark separating growth from contraction.

Susannah Streeter, senior investment and markets analyst, Hargreaves Lansdown said: “Concerns are growing that China’s Covid curbs are upsetting the applecart for manufacturing yet again.”

“There are reports that the production of i Phones could fall by as much as 30% next month at the mega FoxConn factory in Shenzhen after a fresh virus outbreak.”

“It comes after PMI data for October shows that relentless restrictions have been a blight on factory activity across China.”

Lewis Cooper, Economist at S&P Global Market Intelligence said:

“Latest survey data showed UK households growing increasingly hawkish in October. The net balance expecting an imminent rate hike hit a fresh survey peak of +64%, up from +61% in September. The proportion of households anticipating the central bank to hike within the next six months hit a survey record high of 81% in October.
“It’s clear from the survey data that households remain steadfast in expectations the Bank of England will adopt an aggressive monetary policy stance in order to combat rising inflation. However, the peak of the rate hike cycle is less clear, with latest PMI business survey data pointing to an intensifying economic downturn in the UK, albeit with inflationary pressures sharply elevated, suggesting that higher borrowing costs are already having a significant negative impact on business and consumer demand.”

Bank of England expected to continue hawkish stance, according to latest survey of UK Households
Key findings:
Net balance of UK households expecting imminent rate hike hits fresh peak of +64%
Proportion expecting rates to rise within next 3 months hits series record of 69%
Just 5% of households think the central bank will cut rates

The latest representative survey data of UK households, compiled by S&P Global, point to sustained expectations of further imminent rate hikes by the UK’s central bank.
The proportion of UK households surveyed in October expecting interest rates to rise in the next three months hit a fresh survey peak of 69%, up from 66% in September.
Conversely, just 5% of households are expecting the next move by the BoE to be a rate cut, unchanged on the month and amongst the smallest proportion on record.
The resulting net balance rose jumped further from +61% in September to +64% in October, the highest reading since data were first compiled in 2013 to signal the most hawkish expectations amongst UK households on record.
Moreover, expectations towards the base rate grew more hawkish in October across multiple time horizons. A survey record 81% of households anticipate a hike within the next 6 months.

https://www.pmi.spglobal.com/Public/Home/PressRelease/bce110fbbe274e5ca164c65a6c18fa4d

ScandiExpat
Rishi is yet to announce his physical plan he delayed it till November 17 this guy knows his numbers having worked as Hedge Fund, his plan will bring economic stability and confidence in the markets, we should see a bounce

Paul Gordon, Managing Director for SME and Mid Corporates, Lloyds Bank Business & Commercial Banking, said:

“While confidence has marginally decreased this month, this also comes at a time of great economic uncertainty. The fact that it has only fallen by 1% suggests that businesses are showing resilience. As we head into the winter months and price pressures continue, energy price increases will start to bite and we are seeing continued pressure on pay expectations. Businesses need to keep a watchful eye on costs to ensure they are in the best possible position to face any future headwinds. For businesses that may be struggling, we encourage them to reach out to their networks for support. At Lloyds Bank we remain by the side of businesses to help navigate these challenging times.”

Hann-Ju Ho, Senior Economist, Lloyds Bank Commercial Banking, said:

“While business confidence has marginally fallen this month, along with a drop in forward looking economic optimism, it is encouraging to see businesses still looking to increase their headcounts. However, cost pressures remain evident as businesses raise prices to protect their margins and wage pressure continue to be impactful. Given the recent turbulence in financial markets, it will be interesting to see how this will affect business confidence.”

Overall business confidence fell by one percentage point to 15%, the lowest level since March 2021.
However, almost half of businesses reported better trading prospects (up two percentage points to 46%).
Over a third of businesses felt pessimistic about the economy, 39% (up from 36%), the fifth straight month to show a decline in optimism.
Firms expecting to increase staffing levels rose for the first time in five months to 42% (up from 39%).
Almost two thirds of businesses (60%, up one percentage point) said they expect to raise prices in the next 12 months.

https://www.lloydsbankinggroup.com/media/press-releases/2022/lloyds-bank/october-2022-business-barometer.html

Lucky for IAG Heathrow doesn't have the same problem as Schiphol airport
The share price was 210 after the pandemic with just a hand full of flights, market's are keeping prices suppressed with inflation and press scaremongering with recession

Passenger cap gets removed today