Barclays Share Discussion Threads

[johny cash] 09/3/2021 13:11

Must admit, BCS looking really bullish for next few days. I would imagine BARC will follow. Quite a few financials looking good. I think I will dip my toe in Barclays for a swift in out trade.

[diku] 09/3/2021 11:41

How much never ending cost cutting can you keep doing?...everything becoming automation or zoom?...

[bernie37] 09/3/2021 11:14

Bloomberg) -- Barclays Plc is planning job cuts at its corporate and investment bank as part of its cost-saving measures, according to people with knowledge of the matter.

The reductions will affect around 60 jobs, including some senior roles in the U.S. and other countries, said one of the people, who asked not to be named discussing private information.

A spokeswoman for Barclays declined to comment.

The London-based bank’s securities division reported a 45% annual rise in markets revenue last month, beating forecasts as well as rival global investment banks. But Covid-19 has slammed its lending businesses -- an impact Barclays has said will likely endure this year.

Like other banks, Barclays paused job losses during the pandemic, but mounting cost pressures have led firms to start resuming these cuts. In London, Societe Generale SA is planning to cut about 80 positions as it scales back securities services to asset managers, banks and brokers.

The biggest lenders in the U.S. also reversed course on pledges to avoid workforce reductions. Last month, Bank of America Corp. cut some of its staff in the global banking and markets division and rivals like Goldman Sachs Group Inc. and Citigroup

[prbshares] 09/3/2021 10:54

Manics : Its certainly an interesting market at the moment. We can't expect it to climb without days of consolidation. We know barc is well funded with plenty of reserves. I wonder when the buy back RNS will be announced .... should be quite soon being within the first qtr.

Tesla certainly has been taken back down but being one of the most shorted stocks in the market this doesn't surprise me... i imagine there should be a good bounce soon.

[johnwise] 09/3/2021 09:14

Starting today, tomorrow and Thursday, the US Treasury will hold a total of $120bn auctions of government bonds in the 3-year, 10-year, and 30-year tenors.


All eyes will be on the bid-to-cover ratios after a recent 7-year auction saw that ratio slump. If markets’ appetite for US government debt at these levels disappoints, Jeffrey Halley, senior market analyst at OANDA, expects “more equity market carnage for a start,” and US Dollar strength.

“Although the US Treasury already has the balances available to start disbursing the $1.90 trillion Biden stimulus, the government was already running eye-watering deficits anyway. A trillion dollars per annum in the latter half of the Trump term,” he told City A.M. this morning.

“So even setting stimulus packages aside, the US government has an impressive underlying borrowing appetite,” Halley noted.

[johnwise] 09/3/2021 09:13

Starting today, tomorrow and Thursday, the US Treasury will hold a total of $120bn auctions of government bonds in the 3-year, 10-year, and 30-year tenors.


All eyes will be on the bid-to-cover ratios after a recent 7-year auction saw that ratio slump. If markets’ appetite for US government debt at these levels disappoints, Jeffrey Halley, senior market analyst at OANDA, expects “more equity market carnage for a start,” and US Dollar strength.

“Although the US Treasury already has the balances available to start disbursing the $1.90 trillion Biden stimulus, the government was already running eye-watering deficits anyway. A trillion dollars per annum in the latter half of the Trump term,” he told City A.M. this morning.

“So even setting stimulus packages aside, the US government has an impressive underlying borrowing appetite,” Halley noted.

[johnwise] 09/3/2021 09:05

NEWSMAX.

Trumps's explosive attack was aimed at Regaining President from Joe Biden

[manics] 09/3/2021 08:54

PRBSHARES: I am staying quiet for the moment as I do not have a firm enough view to put my money where my mouth is.

Sometimes "no position" is a position. Just cautious watching everyone making loads of money everywhere, big numbers, retail making it look easy, lots of stock gains news in the general press.

[johnwise] 09/3/2021 08:42

Markets

Chinese government-backed funds snap up stocks to halt plunge

Correction comes amid worries of asset bubbles, US yields and overvaluation

HONG KONG -- Funds backed by the Chinese government on Tuesday bought shares to limit the rout in domestic stocks after China's main index tumbled into correction territory.

Traders said that brokers linked to the funds, which often are referred to as the "national team" for the role they play in stopping rapid falls in China's equity markets, were active in morning trading in the mainland and through the cross-border Stock Connect program, which allows investors in Hong Kong to buy yuan-denominated shares.

The support, which comes amid the National People's Congress meeting in Beijing helped the markets trim losses for the day. The NPC is the most important governmental event of the year in China, where authorities monitor market developments closely.

Investors have dumped stocks on fears they are overvalued and are vulnerable to rising U.S. bond yields. They also have been worried over a faster-than-expected fiscal and monetary policy normalization in China after regulators warned of asset bubbles.

[diku] 09/3/2021 08:42

Yes...support the one trick pony housing market...




when i started investing in 2007, the ftse were 6900 lol, they keep saying hedge funds are good for us investors?!?

but then when you got 20 years of government transfer all money from the stockmarket (pension freedoms etc) to the housing market... what chance have you got

[johnwise] 09/3/2021 08:41

Markets

Chinese government-backed funds snap up stocks to halt plunge

Correction comes amid worries of asset bubbles, US yields and overvaluation

HONG KONG -- Funds backed by the Chinese government on Tuesday bought shares to limit the rout in domestic stocks after China's main index tumbled into correction territory.

Traders said that brokers linked to the funds, which often are referred to as the "national team" for the role they play in stopping rapid falls in China's equity markets, were active in morning trading in the mainland and through the cross-border Stock Connect program, which allows investors in Hong Kong to buy yuan-denominated shares.

The support, which comes amid the National People's Congress meeting in Beijing helped the markets trim losses for the day. The NPC is the most important governmental event of the year in China, where authorities monitor market developments closely.

Investors have dumped stocks on fears they are overvalued and are vulnerable to rising U.S. bond yields. They also have been worried over a faster-than-expected fiscal and monetary policy normalization in China after regulators warned of asset bubbles.

[prbshares] 09/3/2021 08:33

Come on ftse ... time to catch up !!

[jordaggy] 09/3/2021 08:27

Interest rate increase on the cards...double edge sword for banks.

[johnwise] 09/3/2021 08:27

Quantitative easing printing money Update:

FTSE 100 set for modest fall after Bank of England’s Andrew Bailey warns of inflation

Markets have been spooked by concerns that central banks will have to raise rates due to the inflation that will arise as a result of the economic recovery from Covid combined with the pandemic fiscal and monetary assistance programmes.

[prbshares] 09/3/2021 08:11

Manics; whats your thinking on the share price movements. You've been on the money in the past and always interested to hear different views. My rose tinted glasses are still on and imo apart from blips on the way where barc pulls back a little (small top up ops) I think she has legs for a 2 start. The world is coming back alive and the UK is ready to spend over the british summer.

The end of this week will be interesting with all the data due but I will happily settle for a slightly bumpy continuation north... gla

[johnwise] 09/3/2021 08:08

Watching government destroying the British economy

The UK government will ban purchases of new petrol and diesel cars from 2030

doom?
100 Grand plus for a car with a battery.. LOL

[jordaggy] 09/3/2021 08:04

Extraordinary !

[manics] 09/3/2021 08:04

Is TSLA the harbinger of doom?

[johnwise] 09/3/2021 08:03

Tesla loses more than quarter of a trillion in a month as rally fizzles

Shares of Tesla closed lower for a fifth consecutive session last night, caught in a tech-led selloff that has wiped more than $277 billion off the company's market value over the last month.

[prbshares] 09/3/2021 08:01

Morning all... another sunny day in the UK ... lets hope for some more blue in Barc.

The signs of ecomomic life seem to be returning ... ftse definitely will make us all work hard for a climb but imo it will come (just not quite as easy as the dow!)

[hellscream] 09/3/2021 06:11

when i started investing in 2007, the ftse were 6900 lol, they keep saying hedge funds are good for us investors?!?

but then when you got 20 years of government transfer all money from the stockmarket (pension freedoms etc) to the housing market... what chance have you got.

[manics] 08/3/2021 19:16

32k DOW.6.7k FTSE.

[portside1] 08/3/2021 16:48

Looking at th3 buys have the buybacks started

[diku] 08/3/2021 16:33

Dow puts on near 1000 points in 1.5 trading trading days and FTSE can only muster around 60 points over 2 trading days...