|There wont be many coming from the Trappist system.
|Wasn't Stephen Hawking who warned that ETs may not come bearing gifts.|
|It's life Jim, but not as we know it. (maybe)
|well, blighty isn't abandoning real money.|
we have had Greece,
we have had Brexit,
we have had Trump,
all flagged up as reasons to be fearful, though in the case of Trump the shorters were burnt,
now we have to endure 'worries' about the French election for the next two months!|
|UK growth revised up to 0.7%
Breaking! Britain economy grew faster than expected in the final three months of 2016!
GDP expanded by 0.7% in the October-December quarter, according to new estimates from the Office for National Statistics, up from 0.6%.
That’s because industrial output was stronger than expected -- growing by 0.3%, not flat as first thought. Construction output has been revised up to 0.2%, from 0.1%.
The figures also show that the service sector drove the recovery, by expanding by 0.8% (in line with initial forecasts)
But it’s not all good news.... growth during 2016 has been revised down to 2.0%, from 2.2%.
|The traders, who took the Index down close to 'ground zero' ahead of that, are still poring over the details to see if there is any spin to justify shorting the Index down further. Well given the negative Brexit spin their partners in 'the great scam', Bloomberg, keep pumping out daily to order, I am sure they will find some reason if they search hard enough.|
|The revised Q/Q UK GDP data was better than consensus.|
|So at least British farmers will have access to cheap fruit pickers, even if the EU subsidies dry up.|
|It's a very wobbly election .. but even so, you'd think they could find something useful to do with the money.|
|Brexit Secretary David Davis says UK will stay open to migrants after leaving EU
Cabinet minister says it will take 'years and years' for Britons to fill jobs done by EU workers
|Today German 2 year Bunds have a yield of minus 0.87%.
Yep the market is happy to pay the German Government a premium to hold its debt.
But of course these sovereign debt traders do not trade for the yield but the price, so the negative yield is boosting the price.
Why a negative yield? According to the commentary in the Guardian it is because of more fears about the French election. As I posted yesterday that election is more than 2 months away!
Does anyone take the markets seriously?|
|Pound hits two-month high against the euro ahead of UK growth figures - business live
|Where don they think the subsidies come from .. the tooth fairy?
* UK AGRICULTURE: British farmers are holding back on big investments as they brace for the UK's exit from the European Union, their largest market and a vital source of subsidies.|
|It may be a slow start, but providing the final GDP number does not disappoint, the market should move today on earnings and oil.
But given it is London, who knows!|
|Feb 22 Britain's FTSE 100 index is seen opening up 8 points on Wednesday, according to financial bookmakers, with futures up about 0.1 percent ahead of the cash market open.
* The blue-chip FTSE index closed down 0.3 percent at 7,274.83 points on Tuesday, dragged down by banking stocks as a week of full-year earnings releases for major listed banks began with a profit slump for HSBC.
* ANGLO AMERICAN: Anglo American said on Tuesday it will walk away from its El Soldado copper mine in Chile if it cannot agree with local regulators on a permit for a redesign of the operation.
* LSE: Deutsche Boerse AG and the London Stock Exchange Group Plc are planning further concessions to satisfy the European Commission's concerns about their planned merger, two sources familiar with the matter said on Tuesday.
* LLOYDS BANKING GROUP: Lloyds Banking Group reported its highest full-year profit in a decade on Wednesday, as the taxpayer-backed bank nears a complete recovery from its crisis-era past.
* BARRATT: Britain's biggest housebuilder Barratt posted a 9 percent rise in first-half pretax profit but built fewer homes, in a move which could harm government efforts to boost supply to tackle a growing housing crisis.
* UK AGRICULTURE: British farmers are holding back on big investments as they brace for the UK's exit from the European Union, their largest market and a vital source of subsidies.
* OIL: Oil prices held near multi-week highs on Wednesday after OPEC signalled optimism over its deal with other producers to curb output to clear a glut that has weighed on markets since 2014.
* COPPER: Three-month copper on the London Metal Exchange was 0.4 percent lower at $6,038 a tonne by 0410 GMT after dropping 0.2 percent the previous session.
* GOLD: Gold held firm on Wednesday after falling as much as 1 percent the session before, with investors waiting for minutes from the Federal Reserve's latest meeting for clues on the timing of interest rate hikes. nL4N1G71LG]
ALSO IN LONDON MARKET REPORT
UK Stocks-Factors to watch on Feb. 22
European shares fall as HSBC leads financials lower
* For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets|
|Good stuff from Lloyds this morning. Final payout of 2.2p, including another special dividend of 0.5p, making total payout for 2016 of 3.05p. Will we live long enough to see RBS do the same?!|
London equities are to open in the wake of overall positive sessions on Wall St and in Asia, after their mixed performance yesterday, with a string of companies scheduled to issue final or interim results.
On the economic news front, investors will be scrutinising UK's second-estimate GDP, along with euro-zone final consumer-price index numbers, among other data sets.
US & ASIA
On Wall St last night, the Dow Jones Industrial Average rose 0.58% to 20,743.0, the S&P 500 firmed 0.6% to 2365.38 and the Nasdaq Composite gained 0.47% to 5865.95.
In Asia, the Nikkei 225 had fallen 0.07% to 19,368.01, while the Hang Seng risen 0.77% to 24,147.73.
At 6.11am, WTI crude was up 1.24% to $54.06/bbl and Brent was up 0.44% to $56.91/bbl. Gold fell 0.26% to $1235.7/oz, with both silver and copper down, too.
Interim results are due from Barratt Developments, Hays and Pan African Resources. Final results are expected from Capital & Counties Properties, Indivior, Lloyds Banking Group, Petrofac, Serco, UBM, Unite and Weir.|
European opening update courtesy of CMC MARKETS - FTSE100 +11 at 7,285, DAX +32 at 11,999, CAC40 +12 at 4,900 at 6.04am|
|I DON'T think so. I reckon this will tank on results. You are going to have your balls kicked.|
|Hahaha I said it all from the start :::: the UK is absolutely going to fly high after Brexit the enlightened already knew .... Do Scotland really want to think about going with the over regulated EU dog shot? Scotland your family is the UK never forget it. Ditch Salmond and his lady puppet, get rich.RBS is going to absolutely fly in the next 3 years, go long !!! I have been illuminatied and can't believe im going to live through such fruitful times. Thank god, just don't mi5s out.GO LONG much much more to come.|
|leeds.....who is Junker.....makes me laugh.... Love to see them impose a fine on the UK!!!! still we need to test the new Tridents!!!!|