Tribe Technology set to deliver healthy pipeline of orders from Tier-One miners. Watch the video here.
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Brixton
M&G has been taking riding lessons from this horse ! falling at fences.
Sold 5k Nwg @ 306.33
Better than working this speculation thingy 🤑😍👏
53 to then get a chance to break 55. Hopefully we're will see a hold on 53 today ready for the attempt at 55
In light of banks doing well on profits and outlook LLoyds should be rerated to at least 70p imo compared to how other banks have progressed on SP and assets and more going forward. Underrated bank and SP.
...on that note i'm off to golf...good weekend all .
Cannot see the fed doing anything next weds...it will probably be all about what is said/infered by powell about future cuts...higher for longer ?..or not etc etc..US employment data 3rd may always worth a look.........gla.
FTSE 100 looking frothy for the moment !
Markets take NatWest Q1 results in stride despite profit drop on tough competition concerns for UK mortgages and savers deposits.
"You can colour my world with sunshine yellow each day" . NWG £1.09p now £3 .
Petula Clark/e i fink..... 🤣
PP, ""Chart looking fantastic here now.""
At a glance the Lloy chart , Triple Top - Monthly & Weekly. Double Top on the Daily.
DYOR
Happy days atm....been here before with Thoma bravo...wanted higher ..sometimes things do work out gla.
PP, ""Chart looking fantastic here now.""
really..., looks overbought.
DYOR
..out of that long, on the DOW.
DYOR
Looks like the start of the next leg up to 64p.
Chart looking fantastic here now.
GLA
The Big Four bank posted an operating profit of £1.3bn in the first three months of 2024, down 27 per cent from £1.82bn in the same period last year but little changed from £1.26bn in the previous quarter. Analysts had expected a first-quarter profit of £1.25bn.
https://www.cityam.com/natwest-profits-slide-27-per-cent-but-beat-market-expectations/
Core PCE deflator, had to look that up….
The consumer price index (CPI) looks at a typical consumer’s basket of goods and evaluates its price over time. The producer price index (PPI) looks at the cost of inputs into the production process. The GDP deflator considers all goods that are part of GDP, which excludes imports and includes exports (the opposite of CPI and PPI). Finally, the personal consumption expenditures (PCE) price index uses a continuously changing basket of goods that is the basis for the private consumption component of GDP.
And there’s more. Each of these inflation indicators can be broken down into more-specific versions. You can find many subsets of data for CPI, PPI, GDP deflator, and PCE price index. A popular version of the CPI is the one that excludes food and energy, two highly volatile components with strong seasonal fluctuations. Some people use this version of CPI when they want to track “core inflation.” One is an experimental dataset that calculates the CPI for those over 62 years of age.
This is the US version, the European version is different as is ours I believe.
It's all about statistics and those damned lies.
FTSE 100 futures contracts have the index swimming to another record high this Friday in what has been a resoundingly strong week for equity and company earnings.
The index closed at the third record peak for the week of 8,079 yesterday, and it is tipped to open another 71 points higher to 8,150 today.
Morning Fakey,
FTSE futures up over 60 points!
You must be nervous,
Did you manage to get any sleep ay all??
LOL
Futures 8150, smashed through 8000 now.
US first quarter GDP growth is an annualised 1.6%, well below the 2.5% consensus expectation, but inflation is hotter with the core PCE deflator up 3.7% annualised versus 3.4% expected. This suggests, assuming no revisions to monthly data, that the core PCE deflator will come in above 0.4% tomorrow rather than the current 0.3%MoM consensus forecast. Unsurprisingly, Treasury yields have pushed higher as if that is the case, it makes a near-term Federal Reserve interest rate cut look even more unlikely.
https://think.ing.com/articles/us-gdp-growth-slows-markedly-but-inflation-remains-the-focus/
Another 7 hours, but currently due to open at about 8,090 , so a new all time high maybe a possibility later today to beat the current high of about 8,105
UK stocks are cheap .
Sk1
''Fantastic results from Microsoft this evening. Saved the day''
in terms of what? - Tomorrows Dow currently showing little changed from the days fall of 375 points
of 375 points
Ftse currently around 8132
..also Microsoft up nearly 5% after hours..