Member Info for livestock

All commodities are in great demand all mining companies are up, trader’s are buying gold in times of uncertainty and yet UFO is still going sideways it’s going to be months before a JV or mining can start, there’s no big buyers we’re in uncertain times and with silver and iron ore still in the ground this will still be going sideways

“Financials and value stocks tend to outperform in periods of rising rates,”

https://www.proactiveinvestors.co.uk/companies/news/977229/lloyds-natwest-set-to-gain-from-further-rate-hikes-977229.html

Good afternoon falky
Not long been in, I’ve Got to agree with you with the outlook of the uk economy now I see Rishi Sunak has told colleagues If Europe bans Russian oil and gas imports immediately, the UK will suffer an economic hit of £70bn and enter a recession, it’s not looking good

nickel prices on the LME dropped by the maximum allowed for a third day after rocketing 250% last week on the back of Russia bottleneck worries and some dodgy hedging strategies

Branson will be reaping the benefits of hedging his bets locking fuel prices in this year for $90 per barrel

American Airlines said it will resume sales of alcoholic beverages on domestic and short-haul international flights next month, a plan it delayed almost a year ago because of a surge in unruly passengers and attacks on crew members.

Airlines stopped selling alcohol and paused food sales and service in March 2020, when the pandemic started and travel demand plunged. Carriers have been steadily bringing back many of those services over the past year as travelers returned in droves.

Delta warns oil increases mean higher ticket prices

Higher oil prices are set to lead to a 10% increase in air fares, according to the boss of one of the world's biggest airlines.
Delta Air Lines head Ed Bastian told the BBC the final impact "really depends where fuel prices settle".
Oil prices have reached 14-year highs after Russia's invasion of Ukraine.

Gold prices have surged to $1,941 per ounce despite the US Federal Reserve (the Fed) abandoning its zero-rate policy yesterday, and increasing interest rates by 25 basis points yesterday.
This follows a heavy slump over the past week, with prices dwindling to $1,912 per ounce after spiking earlier this month to $2,057.
The precious metal rode the commodities boom after Russia’s invasion of Ukraine and the ramping up of Western sanctions – placing restrictions on Kremlin-backed energy sources – while investors fled to safe haven assets.

Good morning hardup

The US doesn’t seem to be affected by russian invasion of Ukraine, now UK Trade could be affected by P&O sacking It’s always some kind of headwinds for the Uk economy

March 18 (Reuters) - The Bank of Japan maintained its massive stimulus on Friday and warned of heightening risks to a fragile economic recovery from the Ukraine crisis, reinforcing expectations it will remain an outlier in the global shift towards tighter monetary policy

As widely expected, the BOJ maintained its short-term rate target at -0.1% and that for the 10-year bond yield around 0% at the two-day policy meeting that ended on Friday.

"Japan's economy is picking up as a trend," the BOJ said in a statement. The view was less optimistic than that of the previous meeting in January, when it said the economy was showing "clearer signs of pick-up."

The FTSE 100 is expected to open 12 points higher at 7,397 – a rise that pales into insignificance compared to US gains yesterday’s but looks a bit more impressive when added to yesterday’s 94 point gain.

The Dow Jones industrial average jumped 418 points to 34,481 and the S&P 500 advanced 54 points to 4,412 yesterday as US investors continued to react to the Federal Reserve’s decision to hike interest rates

Which? calls on CAA to investigate Ryanair’s refund policy

UK consumer champion Which? has called on the UK Civil Aviation Authority (CAA) to investigate Ryanair’s refund policy after a customer threatened to sue the carrier.
Ryanair announced last year the introduction of a new refund policy, which sees the airline pay customer refunds into a “wallet” attached to the customers’ account. If passengers want to withdraw the funds, they need to make a request to Ryanair.

The London Metal Exchange (LME) will raise its daily price limit for nickel trading to 12% from 8% effective Friday, the exchange said in a release

After almost two years of “staycations” Brits feel now confident about booking trips abroad.
According to a research by trade association ABTA, 57 per cent of British people have a holiday abroad booked for the next 12 months.
Up 44 per cent on October levels, the figures are close to pre-pandemic levels as UK travel restrictions came to an end yesterday.

https://www.cityam.com/brits-confident-travelling-abroad-end-covid-rules/

British Airways’ owner IAG offered today a €100m loan to Air Europa in exchange for a 20 per cent stake in the company.
The airline said the seven-year unsecured loan would be offered to the carrier’s owner Globalia and, following regulatory approvals, it could be turned into the 20 per cent share.
“This agreement will give us time to evaluate with exclusivity alternative structures that may be of interest to both companies and offer significant benefits for their customers, employees and shareholders,” IAG’s boss Luis Gallego said.

The Bank of England today hiked interest rates for the third successive meeting for the first time since 1997 as it tries to catch up with rampant inflation that is threatening to derail the UK economy.
Rate setters at Threadneedle Street sent borrowing costs 25 basis points higher, taking them to pre-pandemic levels of 0.75 per cent. investors betting rates will land at 2.25 per cent by the end of 2022

The Bank of England raised interest rates on Thursday in a bid to stop fast-rising inflation becoming embedded, but with households facing a huge hit from soaring energy bills, it softened its language on the need for more increases.

Eight of the nine Monetary Policy Committee (MPC) members voted to raise Bank Rate to 0.75% from 0.5%, their third hike in as many meetings and taking rates back to their pre-pandemic level.

British Airways Partner Comair Resumes South African Flights

Even as the BoE continues on a hiking path, we see more downside risks for Lloyds on the back of the ongoing geopolitical conflict, multi-decades high inflation, and a continued surge in oil prices fuelling stagflationary fears. The risk/reward is admittedly less attractive at these levels after the recent move lower

Looks like 25bp hike is fully priced in, and so a rate hike in itself is unlikely to have a notable impact on the share price