Enegi Oil Share Discussion Threads

[tomboyb] 12/10/2022 15:28

Robert Peston
@Peston
·
2h
Yield on 30-year government bond is now well over 5%. Investors have no confidence in Kwarteng’s 5-year plan to reduce national debt. The risk is this fall in government bond prices triggers yet more margin calls on pension funds’ LDIs, worsening fire sales ahead of…
Robert Peston
@Peston
·
2h
Friday’s end of its £65bn support. Grim

[tomboyb] 12/10/2022 15:25

Marks and Spencer will shut 67 shops over next five years to save £300m: Retailer announces a QUARTER of its bigger stores that sell clothing and homeware will close as it battles 'difficult economic backdrop' and rising costs
Marks and Spencer says it will close 67 of its stores down over the next five years
Comes as part of efforts to save £300million and reduce a £100m energy bill
The closures are part of a previous announcement that 110 stores will be closing
But 67 stores will now shut doors at an accelerated rate, possibly in three years
The high street retailer has not yet confirmed which of its stores will be closing.

[tomboyb] 03/10/2022 15:35

SILVER UP JUST UNDER 8%!

[tomboyb] 03/10/2022 15:33

Credit Suisse now -1.45% -

I suspect a few shorts getting burnt for now -

[tomboyb] 03/10/2022 14:42

credit SUISSE -

Down 6.85% -

Need to watch this one in case there as a real problem here. Banks in the red now as well -

[tomboyb] 03/10/2022 12:57

Credit Suisse Market Turmoil Deepens After CEO Memo Backfires
New CEO Koerner sought to reassure employees in Friday memo
Shares fall to a fresh record low, gauge of credit risk rises
ByMarion Halftermeyer and Myriam Balezou
3 October 2022 at 12:08 BST

[tomboyb] 03/10/2022 12:38

Credit Suisse CDS hit record high as shares tumble
Swiss bank fails to calm concerns as cost of buying its credit default swaps soars

[tomboyb] 30/9/2022 15:38

BBC Breaking News
@BBCBreaking
Ukraine's President Zelensky applies for fast-track membership of Nato, after Russia's illegal annexation of four regions of Ukraine hxxps://bbc.in/3SsTxfY

[tomboyb] 30/9/2022 12:10

GBP already falling again to 110 -

[tomboyb] 30/9/2022 12:09

Robert Peston
@Peston
PM and chancellor reject demand by Treasury select committee to accelerate publication of
@OBR_UK
assessment of prudence or otherwise of the tax cuts and fiscal loosening. With small recovery in £ over last 2 days, they are toughing it out, hoping they’ll be proved right. Risky

[tomboyb] 30/9/2022 11:55

FILLING STATIONS IN PARTS OF FRANCE STARTING TO RUN OUT: UNION

[tomboyb] 29/9/2022 16:03

GBP / USD up 1.33% -

110 -

[tomboyb] 29/9/2022 15:54

Germany attacks UK economic plan as it unveils €200bn energy support - live updates

[tomboyb] 29/9/2022 15:34

FTSE down 2.33% -

[tomboyb] 29/9/2022 10:31

CHINA'S STATE BANKS HAVE BEEN TOLD TO STOCK UP FOR YUAN INTERVENTION OFFSHORE - SOURCES

[tomboyb] 29/9/2022 09:38

MACRO conditions look scary -

Compare them to the tech boom and 2008 financial crisis -

Too many variables coming together which was not the case with two other crisis which did eventually morph into other areas -

[tomboyb] 28/9/2022 16:42

Lets hope this does not become a contagion -

[tomboyb] 28/9/2022 16:42

Pension funds 'would have collapsed TODAY' if Bank of England didn't hit panic button: Bank announced £60billion government debt buy-up amid fears institutions were within HOURS of being crushed by soaring interest rates and plummeting Pound
Bank of England has stepped in to buy long-term government debt to stop 'material risk' of financial chaos
The BoE will buy gilts for the next two weeks after interest rates soared in the wake of the Emergency Budget
IMF has criticised the package, White House has urged 'prudence' and Moody's warned on UK credit status
By JAMES TAPSFIELD, POLITICAL EDITOR FOR MAILONLINE

PUBLISHED: 11:18, 28 September 2022 | UPDATED: 16:36, 28 September 2022

[tomboyb] 28/9/2022 15:53

Robert Peston
@Peston
·
6m
Here is one way of seeing the scale of the markets rout that was close to wiping out pension funds. At start of year, 40-year gilt (government bond) with a 0.5% coupon was worth 85p. This morning it was trading at 25p and even after Bank of England intervention it's 34p. This...

[tomboyb] 28/9/2022 15:47

GBP reversed up 0.34% -

[tomboyb] 28/9/2022 12:58

GBP / USD down 1.44% -

[tomboyb] 28/9/2022 11:29

Ian Dunt
@IanDunt
What we're seeing here is completely insane. A massive Bank of a England intervention to address the chaos caused by the government's own actions, rather than an external shock.

[tomboyb] 28/9/2022 11:14

Breaking Market News ⚡️
@financialjuice
BANK OF ENGLAND: BANK WILL CARRY OUT TEMPORARY PURCHASES OF LONG-DATED UK GOVERNMENT BONDS FROM 28TH SEPTEMBER.