Member Info for livestock

FTSE 100 to rally after Fed's Jerome Powell sticks to the script
Spread betting quotes point to the FTSE 100 index opening 74 points higher

Eightyeight88
Amazon back up 5%

Down 10% trader's selling out China growth concerns

Bank of England predicts double-digit inflation this year and recession in 2023

https://www.proactiveinvestors.co.uk/companies/news/981549/bank-of-england-predicts-double-digit-inflation-this-year-and-recession-in-2023-981549.html

IAG : Receives a Buy rating from Barclays

Morning falky

FTSE 100 heading for 100-point plunge ahead of GDP update
Blue-chip stocks are expected to see all their gains from the previous day wiped out

Not looking good for lloyds got another year of this

https://www.markiteconomics.com/Public/Home/PressRelease/a4906e2e8c784143b7c55d1e26a8dd98

https://www.markiteconomics.com/Public/Home/PressRelease/a0b0f8c0bfb8437caad24d0382453674

https://www.markiteconomics.com/Public/Home/PressRelease/f70d33a238214298b8b7955f4f31339c

Eightyeight88
"Amazon"
We was talking about the same thing today at work and all agreed it's worth a buy

American inflation figures that revealed rising prices eased to 8.3% year-over-year in April.

SP will be back to 50p on Friday

Lloyds a ******* for the UK economy

A recession in the UK is just around the corner and the economy will stay in the doldrums without a major policy overhaul, a top think tank warned today.

Britain’s economy will contract in the third and fourth quarters of this year, meeting the grade for a technical recession, the National Institute of Economic and Social Research (NIESR) said in fresh forecasts.

https://www.cityam.com/uk-recession-lurks-around-corner-as-thousands-face-extreme-poverty-without-more-support/

FTSE 100 to start on front foot as Wall Street rally lifts sentiments

The iron ore price dropped nearly 7% on Tuesday, fuelled by concerns about higher interest rates and still-stagnant demand from China.

https://www.mining.com/iron-ore-price-hits-nearly-2-month-low-on-interest-rate-demand-concerns/

Looking like this could fall even more as the china slowdown showed that the world’s second largest economy was suffering from the lockdowns in big cities such as Shanghai

It’s not looking pretty this week with even more negative covid-related headlines for Beijing, Guangdong, and Jilin released over the weekend,” said Atilla Widnell, managing director with Navigate Commodities.

“It’s looking increasingly likely that Chinese blast furnaces will struggle to justify high utilization and operating rates in a demand- and margin-negative environment

https://www.mining.com/iron-ore-price-tumbles-as-covid-curbs-in-china-fuel-concerns-over-demand/

Heathrow has posted strong results for April but continued to warn about the uncertainties that loom ahead.

The London hub reported that 5 million passengers travelled through its terminals in April, with outbound leisure travel driving demand and prompting the airport to increase its passenger forecast for the year by 16 per cent.

https://www.cityam.com/heathrow-posts-strong-april-but-warns-of-uncertainty-ahead/

Bank of England policymaker Michael Saunders, who called in vain for a big interest rate hike last week, said inflation risked exceeding BoE forecasts that already go above 10%, and urged the BoE to "lean heavily" against it.

With price growth already more than three times the BoE's 2% target, Saunders and two other members of the nine-strong Monetary Policy Committee voted to raise Bank Rate from 0.75% to 1.25% at their meeting last

https://www.reuters.com/world/uk/boes-saunders-says-hes-worried-inflation-will-be-higher-than-forecasts-2022-05-09/