Member Info for livestock

Not even China can help Australia's commodity exports

https://www.reuters.com/markets/commodities/not-even-china-can-help-australias-commodity-exports-russell-2024-04-10/

Best thing AML did getting out of electric vehicles the future is hydrogen

https://myelectricsparks.com/bmw-hydrogen-engines/?fbclid=IwAR0usn1x7GaWpFMfUnbNDX6bah5-LxAq8q2kl-t1QMTyzO2ws9evmU9jhcs

Rates higher for longer, good news for share holder

Lloyds reckons a 0.25 percentage point rise will help net interest income by about £225m in the first year, £300m in the second year and £425m in year three

Analysts "cannot understate the importance of today's US inflation" reading as it's expected to affect markets on both sides of the Atlantic.

Kathleen Brooks at XTB noted that European stocks were trading higher ahead of the inflation data, lifted by company earnings and treasury yields falling.

Nevertheless, the broker's research director reckons investors are already "positioned for bad news", building on the negativity of having to wait until September for an interest rate cut.

Inflation data will be released at 1.30 pm GMT and is predicted to have sped up to 3.4% in March, with core inflation slowing to 3.7%.

Https://youtube.com/shorts/WGR7UAMXHyo?si=PdGx6GqAyxD1Ryhp

BEIJING, April 10 (Reuters) - Fitch cut its outlook on China's sovereign credit rating to negative on Wednesday, citing risks to public finances as the economy faces increasing uncertainty in its shift to new growth models.

The outlook downgrade follows a similar move by Moody's in December and comes as Beijing ratchets up efforts to spur a feeble post-COVID recovery in the world's second-largest economy with fiscal and monetary support.

https://www.reuters.com/world/china/fitch-downgrades-outlook-china-negative-affirms-a-rating-2024-04-10/

Https://www.cityam.com/services-trade-sees-uk-become-worlds-fourth-largest-exporter/

The UK has overtaken France, the Netherlands and Japan to move into fourth place in the global rankings.

Ms Badenoch said: “These new figures show how the UK is punching above its weight on trade, and is on track to reach our ambition of exporting a trillion pounds of goods and services a year by 2030.

Britain's high position in the global rankings is due to the strength of services exports which hit a record £470billion last year.

https://www.google.com/amp/s/www.express.co.uk/news/politics/1886543/kemi-badenoch-uk-exports-brexit/amp

The UK has become the world’s fourth largest exporter thanks to a boost in services, fresh trade figures have shown.

It comes after the UK ranked seventh in 2021, moving up three places in the figures for exporting goods and services in 2022, the United Nations (UN) has confirmed.

Business and trade secretary Kemi Badenoch welcomed the news, and said: “These new figures show how the UK is punching above its weight on trade, and is on track to reach our ambition of exporting a trillion pounds of goods and services a year by 2030.”

https://www.cityam.com/services-trade-sees-uk-become-worlds-fourth-largest-exporter/

The FTSE 100 index is set to open up to 50 points higher this Wednesday, having closed eight points lower at 7,934 yesterday.

LONDON, April 10 (Reuters) - Britain's cost of living crisis is showing signs of easing, an FCA survey showed on Wednesday, with a year-on-year fall in the number of people struggling to pay bills and credit repayments in January and a rise in those coping well or very well.

The Financial Conduct Authority's latest financial lives survey estimated that 7.4 million Britons were struggling to pay bills and credit repayments, from 10.9 million in January 2023.

Cost of living pressures should ease further this year as inflation is expected to drop below the Bank of England's 2% target in coming months, raising hopes it will begin cutting interest rates, which currently stand at 5.25%.

https://www.reuters.com/world/uk/uk-survey-shows-signs-cost-living-crisis-easing-some-2024-04-09/

Higher-for-longer rates will be a tailwind for the country’s largest lenders as it will support their net interest margin (NIM), a measure of how much a bank is earning in interest compared to the amount it is paying out to savers.

“Fewer rate cuts mean we expect that banks are likely to have a better outlook for net interest income for full-year 2024 than they did in January,” Betsy Graseck, an analyst at Morgan Stanley said

https://www.cityam.com/big-us-banks-jpmorgan-citi-and-wells-fargo-to-benefit-from-slower-fed-interest-rate-cuts/

Silver “has the most potential to benefit from a sustained rally in gold” among the precious white metals, reckon UBS analysts

https://www.proactiveinvestors.co.uk/companies/news/1044889/silver-to-ride-coattails-of-gold-s-record-prices-says-ubs-1044889.html

I'm back in profit today, Mondays Q1 update going to be good

C2645sg posting misleading information again should be banned

Leas

" there is less chance of loan defaults through high interest rates"

Governor bailey said last month county the doing fine with higher interest rates,

Charlie Nunn reckons a 0.25 percentage point rise will help net interest income by about £225m in the first year, £300m in the second year and £425m in year three

So with a rate cut Lloyds profits will fall doesn't mean the SP will drop

"Be nice for the Blob to be 1st in class"

A interest rate cut is a drop in profits for Lloyds 🤔

Https://www.proactiveinvestors.co.uk/companies/news/1044741/gold-prices-hit-a-new-all-time-high-1044741.html

Looks like silver is following the gold

I think governor bailey is a secret Lloyds share holder and will keep rates on hold until August the longer the better for Lloyds shareholders

Business surveys are pointing to a bright next few months for the UK as the economy finally feels the benefit of falling inflation.

Economic output climbed to its highest level since May 2022 in March, according to the BDO Business Trends report, which collects and regroups data from the UK’s main business surveys

https://www.cityam.com/uk-economy-business-output-at-highest-level-since-may-2022-as-recovery-continues/