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Here we go again, the two resident clowns will look for any excuse to criticise anyone who dares talk the SP down with a balanced view. Keep using this CW person as everyone seems to be him if we listen to you pair. :) I do hope he comes back some time to show you two for what you are. Enjoy your afternoon Ritchie poor ;)
Metom
On half of the reason, try researching a little more as financial sector has more than that issue to deal with if central banks keep raising interest rates to combat inflation after a decade of lending cheap money. :) That’s why all eyes are on non farm payroll data at 13:30 today for clues where their central bank may or may not go. 8:30 et = 13:30 uk time will give US market movement today once they’ve looked at permutations :)
Sun
Most investors will be taking up positions in stocks that provide a safer bet given any change in the economic outlook during any dip. I’d be more concerned about your IAG holding IF that data is received poorly this afternoon. I have no idea what’s coming in that data this afternoon, a tricky one if you call it wrong. Outlook on where the American central bank raise rates to is worrying most investors including myself! Good look this afternoon, red or black?
Above news was out yesterday hence big falls over in America yesterday. Predicted rate rises of 5.75% tops at moment so their central bank needs to do more work. A recession of type may be required to tame sticky inflation. :)
Keep a watch for when the non farm payroll data is released later today in America as drop will get worse if that data is received poorly by stock markets. A tough choice going blind into that data release :)
Starting to look like an over reaction on those results. Now looks like a good price for a buy in around these levesl. Can’t see it going much lower given buyback commence shortly regardless of those being 500m. :)
Rr101
I hope we may see a rally up to next central banks interest rate rises later this month and comments they make scrutinised. My only concern is Chinese recovery moving too fast and it’s thirst for oil and LNG growing to quick. Last year LNG supplies destined to China were diverted to Europe whilst it remained in lock down, that will unlikely be the case this time. Any major increases in the LNG spot price due to increased Chinese demand for oil and gas could cause another spike in European inflation and thus force the ECB to go much further with interest rate rises. A steady Chinese recovery would allow commodity markets to cope better. IAG still looks relatively cheap at this point in time tho if take a longer term view :)
Dan
Reference Lavrov, I suggest you “don’t read” the headlines in the western media. Look a little deeper and read/watch all of Lavrov speech and he was applauded at the same meeting for his comments on western interferences recently in notably Syria, Iraq, Afghanistan and Libya to name a few. Putin has good support in East Asia, Latin America and Africa along with India and ****stan but western media don’t want to print both sides of the argument. Worrying those supposed weapons of mass destruction are rotting buried in the sand somewhere in Iraq if you believe Blair and Bush :) Theres crooks on both sides but one side does it in a suit.
Agree, should have a better idea Monday where it’s heading. American service data due today so markets will be looking over that data to see where American central bank may go with regards interest rate rises and how long they’ll remain there. Will show in American markets once they’ve gone through the permutations later today as they’re not the quickest :)
A brokers opinion is just that and nothing else. I hold shares that are way below broker opinions and some higher. A brokers opinion doesn’t mean it will reach that point on the high or low side, it’s just an opinion. There’s no timescale to reaching a brokers opinion and those opinions remain subject to a change on the high or low side. Personally I think there’s better trades that are still low I’ll make more on a trade which I’ll miss if I hold too much trade monies sitting in RR waiting to squeeze out a little more on the upside. Looks over bought or very near to me on the last week or so rise. Market will take profit on this rise in a short timespan as they always do then buy back in lower. It not if merely when :)
Sold trade today over 148p after buying after results around 126p. Great profit but hasn’t got much legs left on this rise IMO. Will come back in if it retraces downwards once it becomes over bought. Good look to those that squeeze some more out before the pullback but I’m happy to reach my target, mustn’t be greedy. GL
Qantas bounced back over 2% in the next trading session after its results loss. As long as the geopolitical situation doesn’t escalate I’d think it will bounce back next week. I thought the results were better than RR so surprised it dropped like it has.