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Once the infection rate starts to dropping the restriction on air travel will be lifted

China's central bank said on Monday it would cut the amount of cash that banks must hold as reserves, its second such move this year, releasing 1.2 trillion yuan in long-term liquidity to bolster slowing economic growth amid persistent COVID-19 cases.

https://www.reuters.com/markets/rates-bonds/china-central-bank-cut-reserve-requirement-ratio-second-time-this-year-2021-12-06/

woody2002

https://www.google.com/amp/s/fortune.com/2021/12/06/omicron-new-covid-variant-more-infectious-less-severe-delta-experts-fauci/amp/

IHS Markit / CIPS UK Construction PMI®

https://www.markiteconomics.com/Public/Home/PressRelease/58deb8a578974b91bb36c1e83284faab

Good buying price with news out today plenty of gains from here

Looking good for Lloyds this morning up 0.88%
Omicron fears begin to subside

Omicron fears begin to subside IAG is up looking better

ALIEN METALS (@AlienMetals) tweeted at 7:21 AM on Mon, Dec 06, 2021:
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(https://twitter.com/AlienMetals/status/1467756035599474694?t=h0YNvBqm14EeU8bBt7Re-A&s=03)

FTSE 100 set to make a positive start as Omicron fears begin to subside
The index of UK blue-chip stocks looks set to open 67 points higher at 7,189.32

Travellers heading to the UK will now have to take a Covid test before their departure in an effort to limit spread of the virus, the government has said.

This isn't good for IAG another red day

The chief executive of Lloyds Banking Group is preparing a new strategy that will expand its ambitions in property, wealth, commercial and investment banking as he looks to shift the lender into growth mode after years of retrenchment.

Since taking over in August, Charlie Nunn has been plotting his inaugural strategic update, scheduled for February. The former HSBC executive — who succeeded António Horta-Osório after he moved to chair Credit Suisse — has a £4bn war chest as the British economy has rebounded faster than anticipated from the pandemic, freeing up more capital.

Nunn is considering quadrupling the budget of Citra Living, Lloyds’ new private home rental market brand, raising it to an initial £1bn from £250m, people familiar with the deliberations said. The number has not been finalised and could increase further.

Citra is one of a number of measures under consideration intended to diversify Lloyds’ income away from traditional retail banking and lending, which are being squeezed by low interest rates and fintech competition.

Lloyds has dominant market shares in UK mortgages and credit cards, limiting its opportunities to grow organically or make acquisitions. It also has a 19 per cent share of British SME lending, according to its latest annual report.

https://www.ft.com/content/1de87bf6-e791-489b-962c-578471af4509

Bosses at British Airways are turning to fine wine to get the beleaguered airline through the turbulence of the pandemic.

The flag carrier, which has faced criticism over plans to make passengers order food and drink from an app, is recruiting a Master of Wine in an effort to lift its game.

https://www.dailymail.co.uk/news/article-10275759/BA-appoints-wine-expert-improve-onboard-offering.html

Fears over the Omicron variant have meanwhile pushed back expectations for BoE interest rate rises which in turn lowers the incentive for international investors to buy Sterling, Lloyds has been going sideways for 6 months looking like another 3 months stuck below 50p

Bank of England policymaker Michael Saunders has said it is best to wait for more information on the Omicron coronavirus strain before making a decision on UK interest rates

The IHS Markit/CIPS UK Services Purchasing Managers’ Index (PMI) for November was little changed from the flash estimate, at 58.5.

The reading – any level above 50 indicates an expansion in business activity – was down from October’s three-month high of 59.1.

“Surging price pressures have done little to dent business and consumer spending across the UK economy, according to the latest PMI data. New order growth hit a five-month high in November, job creation remained strong, and backlogs of work built up due to supply issues,” reported Tim Moore, the economics director at IHS Markit, which compiled the survey data.

"The overall speed of recovery looks to have accelerated in comparison to the third quarter of 2021, with output growth mostly driven by services as manufacturers struggle with severe shortages of raw materials and critical components.

British Airways has signed a deal for aircraft fuel made from recycled cooking oils and other household waste to be produced at scale in the UK and to be in use as early as 2022 to help power its flights.

The airline revealed on Thursday evening it had reached the agreement with a refinery in north Lincolnshire to purchase thousands of tonnes of sustainable aviation fuel (SAF), which it said would add up to the equivalent of 700 transatlantic flights on a Boeing 787 with net zero carbon emissions.

British banking giants HSBC NatWest and Barclays are among four lenders that have been fined a combined 344 million euros (£293 million) by the European Union for rigging the foreign exchange spot trading market.

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(https://twitter.com/**********/status/1466419646375120902?t=O2WjUQeAhZnCt5g5qi__qA&s=03)

RBC Lifts Lloyds Banking PT, Maintains Outperform Rating

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