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The FTSE closed higher on the back of good set of figures from US jobs report

sundezena
You was right with breakout good finish to the week
GL

This is good news for Lloyds investors as they are closing more high street branches

Face-to-face transactions in cash are near to becoming extinct, as the pandemic-driven shift to convenient contactless takes hold.

New figures from Lloyds Bank claims there has been a huge spike in the use of contactless payments on debit cards rising from 65 per cent in June 2019 to 87 per cent in 2022.

https://www.cityam.com/cash-no-longer-king-lloyds-says-90-per-cent-of-payments-now-by-contactless-card/

Hardup
"the SP will fall as it has with other rises"

Lloyds piggybacks the UK economy, it's only a matter of time before markets will see the extra earnings will drive up the share price, higher earnings drive share price appreciation

""Rate rises can take upto 10 months before the effects are fully felt""

Markets are forward looking 6 to 7 months so this will take the time down to 3 months for hate hikes to take effect, this year we're had 6 rate hikes already, Charlie will be loving this his bonus will be massive

Looks like Governor bailey will hike rates 50 basis points on 15 September Lloyds rallies on the news pricing in for higher profits

August US jobs report up 315,000 good news for the Fed to hike rates 75 basis points

Ryanair reported a 52% annual increase in passenger numbers in August 2022 to 16.9mln from 11.1mln in August 2021 today.

Hollybean
"let's have more buy backs"
This buyback has been a great reward for shareholders

Max I see money week magazine are tipping AngloAmerican as a buy this week

ALIEN METALS (@AlienMetals) tweeted at 9:28 am on Fri, Sep 02, 2022:
.@Ozmining with further coverage of #AngloAmerican securing exclusive rights to negotiate an offtake agreement for the #Han**** #IronOre Project.

Read in full: https://t.co/Ap3snqmt3m

#AlienMetals #UFO
(https://twitter.com/AlienMetals/status/1565617662734094337?t=iifr0blSJ_Od7UcIAO9hjA&s=03)

Positive start for Lloyds this morning markets are pricing in for another 50 basis points rate hike on the 15 September this will get the earnings up, can see Charlie giving a special dividend payment this year

sundezena
SP back to 105. still to much uncertainty about for a breakout markets are forward looking, passenger cap winter flights being cancelled, recession
DYOR

US non-farm payrolls figures due later today a good set of figures will probability rubber stamp the possibility of a 75bps rate hike when the Fed meet later this month

Futures are up 24 points it's looking to get back over 105 today

Jtan
"wrong with the stock market"

All year you been expecting this stock to rally maybe sell up and ramp other stocks your very boring

The great escape: City regulators hit by furious backlash after a six-year probe into the near-collapse of HBOS lets bankers off scot-free

https://www.thisismoney.co.uk/money/markets/article-11166253/amp/Six-year-probe-near-collapse-HBOS-lets-bankers-scot-free.html

I contend that banks are poised to enter a new era of record profit-making. And this is because interest rates are rising to levels not seen in a decade. For more than 10 years, we’ve had near-zero interest rates and that’s not been good for banks like Lloyds.

Currently net interest margins (NIMs) — the difference between savings and lending rates — are rising. In late July, the lender said that net income had surged 65% to £7.2bn for the six months to June 30.

But the thing is, interest rates are set to rise further. Some analysts have even suggested that Bank of England rates could hit 4% in early 2023. Naturally, that would make a huge difference to Lloyds’ income

"75bp has to be the call"

Good news for Lloyds shareholders hope to see a special payment