Royal Bank Of Scotland Share Discussion Threads

[ramco] 14/10/2013 12:25

Global stocks mixed as U.S. debt deadline draws ever nearer
Asian and European shares are mixed, and U.S. stocks lower as the deadlock in Washington continued over the weekend. It appears that markets are caught between hope that the debt ceiling will be lifted time and fear that it won't.An unexpected fall in Chinese exports has also added some negative sentiment.

However, Chinese shares rose 0.4%, with train companies soaring on speculation they could participate in the construction of Thailand's high-speed train system.

Japan, Hong Kong closed; India +0.25%.EU Stoxx 50 -0.1%, London +0.1%, Paris -0.3%, Frankfurt -0.3%, Milan flat, Madrid +0.2%.U.S. Stock futures: Dow -0.65%. S&P -0.7%. Nasdaq -0.5%.

[ramco] 14/10/2013 12:23

Toyota sees bright future for hydrogen fuel cell technology
Toyota (TM) forecasts that the cost of hydrogen fuel cells will fall dramatically by 2020 to allow the company to sell mass market vehicles powered by the technology between $50K and $100K.The automaker will unveil a prototype model at the Tokyo Motor Show next month.

[ramco] 14/10/2013 12:21

Futures cut overnight loss, but remain solidly lower

Stock index futures are up from overnight lows but remain down, the S&P 500 and DJIA -0.6%, and Nasdaq 100 -0-.4%. The latest complication is Senate Democrats talking about doing away with the sequester - automatic spending cuts - next year.
Europe's off marginally and Asia was mostly higher overnight.
The 10-year Treasury yield is unchanged at 2.69%.

[ramco] 14/10/2013 12:20

indeed hence the disapproval ratings received you posted earlier....;

[leedskier] 14/10/2013 12:13

Let me repeat what I posted last night.

Suspending the Affordable Care program will not make one jot of difference to the debt ceiling.

It needs to be raised irrespective of that program's status.

Its relevance is that the GOP are refusing to raise the debt ceiling unless the program ... for political reasons ... is binned.

Obama is refusing to bin it. Given that he ran for re-election on the basis of introducing the program, it cannot be reasonably argued that he does not have a mandate.

[leedskier] 14/10/2013 11:54

The USA administration's decision to permit a disorderly default of Lehman Bros was the prime cause of the collapse in Q4 2008/Q1 2009.

One definition of insanity is repeating the same mistake to see if one gets a different result.

Amongst those prepared to try it and see is (R) Senator Rand Paul, son of Congressman Ron Paul. Senator Paul is the junior Senator for Kentucky and the founder and chairman of the anti-tax organization Kentucky Taxpayers United.

He suggested on Thursday that a failure to raise the debt ceiling should not necessarily mean default.

"It is irresponsible for the president to scare people; a good leader should be saying we will never default," Paul said. "We have tax revenues of $220bn a month and $20bn a month in interest payments to pay. Not raising the debt ceiling means you have to balance the budget – it does not mean you have to default. They are not the same thing."

Which kind of overlooks the fact that much of the US debt is short-term and that the holders may not roll it over.

He is said to be a potential candidate in the 2016 Presidential Election.

[gcom2] 14/10/2013 11:35

didnt see that post. real market cap anyone ?

[ramco] 14/10/2013 11:25

We're not going into the market cap & how many shares issued during the rescue again are we....remember jazza offering a definitive figures involved post and even then there was further controversy on the subject...,

[gcom2] 14/10/2013 10:40

how can the market cap be 42bn , 6bn shares x 370= mcap 22 bn

[gcom2] 14/10/2013 10:38

RBS (LON:RBS) opened at 376.90 on Monday. RBS has a one year low of GBX 260.00 and a one year high of GBX 387.40. The stock's 50-day moving average is GBX 340.6 and its 200-day moving average is GBX 313.3. The company's market cap is £42.111 billion.

[leedskier] 14/10/2013 10:29

the silver lining for equities is that the Federal Reserve won't be tapering asset purchases with this in the backdrop. Ben Bernanke, chairman of the Federal Reserve, hinted at this in remarks following the no taper decision in September. Back then he said that "upcoming fiscal debates may involve additional risks to financial markets and the broader economy."

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[leedskier] 14/10/2013 10:25

Good morning ... just a modest retrace from Friday's rise then ;

[ramco] 14/10/2013 10:02

Morning, Dow-99, S&P -11....;

[begorrah88] 14/10/2013 09:58

Do you have to get the skin replaced often on that drum you keep banging?

[dope007] 14/10/2013 09:55

Due to free money ;)

[leedskier] 14/10/2013 09:54

FTSE100 is just positive.

[leedskier] 14/10/2013 09:38

yes ... justwondering ... we briefly mentioned it here at the weekend when the story broke, but the story was probably drowned out by the fear of US default.

[justwondering] 14/10/2013 09:21

uk.finance.yahoo.com/news/canadas-td-bank-plots-8-161114331.html

[cfc1] 14/10/2013 09:12

no this is being played ahead of end of October news on good/bad et al from Osborne. just bought 10K more....this is stupid.....5% drop in 2 days and being played...I'll just load up again

[leedskier] 14/10/2013 09:06

pal44 ... if the US defaults in the sense that it cannot pay interest on its Treasury Bills or worse still could not redeem Treasury Bills due to expire it would be very serious.

[homeboy35] 14/10/2013 08:59

RBS to hit 325p??

Blimey!

[pal44] 14/10/2013 08:58

Leeds Q of the day -If The US defaults the DOW could tank 45 % this would impact the whole globe.

[leedskier] 14/10/2013 08:56

Banks took an early hit, with Royal Bank of Scotland the worst of them, down 4.5p at 372.4p after Bank of America Merrill Lynch downgraded the stock to underperform from neutral and trimmed its target price to 325p from 345. Elsewhere, Lloyds lost 0.89p at 75.13p and Barclays fell 0.82p to 27.18p.
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