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Goldman Sachs cuts Aston Martin Lagonda Global price target to 408 (417) pence - 'buy'

Getting a hammering in the press this morning

https://www.proactiveinvestors.co.uk/companies/news/1031657/pricing-power-bolsters-aston-martin-but-debt-pile-throws-a-spanner-in-the-works-1031657.html

House prices in October were 0.9 per cent higher than in September, figures from lender Nationwide

Https://www.reuters.com/business/autos-transportation/aston-martin-lowers-volume-outlook-db12-production-issues-2023-11-01/

The FTSE 100 is expected to open higher on Wednesday after US markets reversed early falls to close ahead of today’s interest rate decision by the US Federal Reserve.

Spread betting companies are calling London’s lead index up by around 45 points

MasterInvestor seems more knowledgeable than Ghini

Https://www.proactiveinvestors.co.uk/companies/news/1031591/british-airways-owner-s-targets-trimmed-on-economic-uncertainty-1031591.html?rel=scroll

Https://media.astonmartin.com/aston-martin-reveals-the-worlds-most-bespoke-advanced-and-meticulously-engineered-road-bicycle/

ALIEN METALS (@AlienMetals) posted at 9:48 am on Tue, Oct 31, 2023:

Iron ore rallies to a 5-week high of $121.90/ton in Singapore on hopes for robust Chinese demand. Vale's VP, Marcello Spinelli, anticipates upside risks in prices as China boosts infrastructure support.

Read here: https://t.co/zfEZgs0rWf

#alienmetals #Ironore #mining #UFO

(https://x.com/AlienMetals/status/1719290183298773249?t=Joi2wkCqNK3jfkZr5gajsw&s=03)

Aston Martin Lagonda Global Holdings – Q3 Results Due Tuesday

https://www.google.com/amp/s/masterinvestor.co.uk/equities/aston-martin-lagonda-global-holdings-q3-results-due-tuesday/amp/

Hann-Ju Ho, Senior Economist Lloyds Bank Commercial Banking, said:

“Business confidence this month reflects a more positive outlook as we head into the important festive period, with trading prospects and economic optimism both at their second highest levels this year. The level also underlines the wider upward trend of steadily rising confidence in 2023. If you look at the year in quarterly time periods, confidence has steadily risen from 20% in the first quarter, 26% in the second and in September an average of 27% in the third.

“However, our data shows that firms are still safeguarding their profit margins in response to the possibility of interest rates remaining high, wage increase pressures, and the prospect of higher energy prices again this winter.

“Therefore, businesses will be keeping a keen eye on the forthcoming Autumn Statement and Bank of England policy announcements as they navigate through a challenging economic period ahead.”

31 October 2023

Business confidence rose to 39% in October, a three-point increase, to reach the second highest level in 2023–surpassed only in August (41%).

The confidence level this month is significantly above the long-term average of 28% and contrasts sharply with the Barometer reading of just 15% in October 2022, in the weeks af ter the mini-budget.

Businesses also reported increased trading prospects for the year ahead alongside greater optimism in the economy.

Firms’ trading prospects were up this month with 54% (up two points) of businesses anticipating stronger activity in the next 12 months, compared with 10% (down one point) expecting weaker outcomes. This resulted in the net balance rising three points to 44% versus 41% in September.

Optimism about the wider economy also increased, with 55% (up four points) of firms reporting greater optimism, while 21% (unchanged) were less upbeat. The net balance therefore rose four points to 34% compared to 30% in September.

https://www.lloydsbankinggroup.com/media/press-releases/2023/lloyds-bank-2023/october-2023-business-barometer.html

The FTSE 100 is expected to edge higher at the open, despite disappointing economic data in China, after US markets made strong gains.

Spread betting companies are calling London’s lead index up by around 6 points

Banks have warned that changing customer behaviour is eroding their net interest margins (NIM) — an indicator of profitability measuring the difference between what banks pay out and receive in interest.

Barclays shares fell more than eight per cent after the bank lowered its NIM guidance amid fierce competition in the deposit market.

NatWest stock plunged as much as 18 per cent after its NIM slipped and investors also weighed a review into a “debanking” row with Nigel Farage

Santander reported on Wednesday that its UK business reduced mortgage lending by £10.1bn due to the higher cost of capital, sending shares down 1.5 per cent.

Lloyds proved more resilient, with the stock remaining little changed by the end of Wednesday after its pretax profit exceeded expectations and NIM fell in line with forecasts.

HSBC announced a further $3bn in share buybacks as higher interest rates ensured that the Asia-focused lender’s profit more than doubled.

Elsewhere, Standard Chartered fell nearly 13 per cent after taking almost $900m in charges linked to China’s troubled economy, which has been hit by a real estate crisis.

https://www.cityam.com/banks-face-tougher-competition-as-profits-boost-from-higher-rates-fades/

The FTSE 100 is expected to start the week on the front foot despite ongoing uncertainty in the Middle East and ahead a busy week of central bank decisions.

Spread betting companies are calling London’s lead index up by around 25 points

UK-based banking giant HSBC says its quarterly profits jumped to $7.7bn (£6.35bn), boosted by higher interest rates.

https://www.google.com/amp/s/www.bbc.co.uk/news/business-67258939.amp

Https://youtu.be/rAMKRnitUAg?si=xA5NgXJ65HX81Mea

👀

Https://karenable.com/q3-earnings/

Https://nypost.com/2023/10/27/real-estate/creative-retail-and-hotel-spaces-are-redefining-new-york/

Interesting AJ Bell says “Cashflow could get a welcome boost” from sales of new model being sold out this year, won't be a need for another placing