Member Info for volcano

BBC NEWS

In the wake of the Bank of England's statement, pledging “to ensure all necessary steps are taken to protect financial and monetary stability”, Samuel Tombs of Pantheon Macroeconomics now thinks we could see an interest rate cut in the UK very soon.

"The Bank of England (BoE) won’t want to be an outlier, if, as now seems likely, all the other major central banks loosen policy to fight the virus," he says.

"As a result, we now think that the MPC will cut Bank Rate to 0.50% this month, from 0.75%, and would not rule out a move coming before the Committee’s next scheduled meeting on March 26.

"Nonetheless, we think the BoE will signal that the rate cut is a temporary measure which will be reversed soon after virus-related disruption has faded."

10:42
Market rebound fading
After an encouraging start to the day, shares are now starting to lose those early gains.

London's FTSE 100 index, which had risen about 3% in early trade, is now up by just 0.9%.

Elsewhere in Europe, France's Cac 40 index is flat while Germany's Dax index is now down 0.4%

Global growth plunging into downturn over coronavirus, OECD says
Mon, 2nd Mar 2020 10:00Thomson Reuters
By Leigh Thomas

PARIS, March 2 (Reuters) - The coronavirus outbreak is
plunging the world economy into its worst downturn since the
global financial crisis, the Organisation for Economic
Cooperation and Development warned on Monday, urging governments
and central banks to fight back to avoid an even steeper slump.

Global growth plunging into downturn over coronavirus, OECD says
Mon, 2nd Mar 2020 10:00Thomson Reuters
By Leigh Thomas

PARIS, March 2 (Reuters) - The coronavirus outbreak is
plunging the world economy into its worst downturn since the
global financial crisis, the Organisation for Economic
Cooperation and Development warned on Monday, urging governments
and central banks to fight back to avoid an even steeper slump.

DAX 11,837.32 -53.03 -0.45%
17 13
CAC 40 5,307.78 -2.12 -0.04%
23 17
IBEX 35 8,688.00 -35.20 -0.40%
16 18
Euro Stoxx 50 3,329.25 -0.24 -0.01%
33 17
UK 100 1,072.7 +11.2 +1.06%
80 19
Italy 40 2,105.1 -46.1 -2.14%
2 38
European markets turning negative

i will wait till 147p and see what happens , i don't like buying on the way down ,

EM like i have said before change your broker ,i have got no problem buy or sell.

me too always take some profits you never know, specially now with this corona-virus, Some of the European markets just turn negative.

European markets are turning
DAX 11,891.36 +1.01 +0.01%
17 13
CAC 40 5,331.80 +21.90 +0.41%
23 17
IBEX 35 8,714.00 -9.20 -0.11%
16 18
Euro Stoxx 50 3,342.45 +12.96 +0.39%
33 17
UK 100 1,076.8 +15.3 +1.44%
80 19
Italy 40 2,109.7 -41.5

looking even better now my finger is hovering over the buy button ,could be in the red any minute.

i told you patience is required
147.90 GBX +1.30 (0.89%)
2 Mar, 09:42 GMT · Disclaimer

you can buy and sell fifty thousand shares no problem, change your broker .

Gold
1,610.75
+44.05+2.81

Gold
1,610.75
+44.05+2.81

you have done well there Morbox ,i have traded EMG this morning in and out with £100 profits ,not a lot but it is better than
loosing.looking to buy back at 149p again but just missed it, there will be another chance today.

i agree mate this is a bargain at this price, IXICO products are in demand and the future looks even better.

Market & Company News
Man Group profit rises as investment performance offsets fund outflows
28 February 2020, 09:01Source - SMW
Asset manager Man group reported a higher profit underpinned by a rise in funds under management as a positive investment performance offset net fund outflows.

For 2019, pre-tax profit increased by 54% to $386m on-year and funds under management rose to $117.7bn from $108.5bn.

Positive investment movement of $10.1bn, compared with a negative $7.7bn on-year, offset outflows of $1.3bn, compared with inflows $10.8bn.

A final dividend of 5.1 cents per share was recommended, bringing the total dividend for the year to 9.8 cents per share, down from 11.8 cents.

'Over the course of the year, we saw continued inflows into our alternative strategies, although overall we recorded a small outflow as our clients reduced their equity allocations. In the fourth quarter, we returned to net inflows and that momentum has continued into this year,' Man Group said.

always do the opposite to IC

Gold
1,598.45
+31.75+2.03%

Gold
1,598.45
+31.75+2.03%