Barclays Share Discussion Threads

[johnwise] 04/4/2023 11:01

Trump has been the victim of a witch hunt from day one. The Democrats will do everything in their power to destroy him because they know he's the biggest threat to their re-election... They have been desperate to find something on him I expect if people dug deep enough they'd find out other President's haven't been squeaky clean, either Love him or hate him Trump did more the for US in his first year in office than Biden has done in his entire term.. The country boomed under Trump and he stuck to his electoral promises.. I can't think of a single thing Biden has achieved..

Trump touts economic boom 'rarely' seen before

Video

[manics] 04/4/2023 09:56

O/T: Watch SHI, imo. Could be about to bip to 55-ish. Watch the volume.

[covid 19 deal] 04/4/2023 09:18

You sold out...market gone up on false declaration

[diku] 04/4/2023 08:34

ISA season...

[xongkudu] 04/4/2023 08:29

Yep but 150 wall will crumble soon.

[oneillshaun] 04/4/2023 08:25

150 seems be the challenge, I am still waiting for my dividend to be reinvested by my broker so I have no issues under 150 for another day or so.

[prbshares] 04/4/2023 08:24

Xong : would be good to break the 150 ... seems there is some resistance here which we need to become support !

[xongkudu] 04/4/2023 08:22

Another assault planned on 150 today. Manics. You go round the back and I’ll spearhead a full frontal with the other lads.

[johnwise] 04/4/2023 07:46

The Telegraph


Britain could have boomed, but the Tories surrendered to sterile decline


Our elites remain gripped by useless fantasies, even as the new world economy offers us unique openings

As the Government wearily winds down for the Easter break, you wouldn’t think that the world system was on the edge of implosion. Sadly it is. Saudi Arabia’s decision to slash global oil supply may have scuppered the Prime Minister’s flagship vow to tame inflation.

With central banks having little choice but to keep interest rates higher for longer, the risk of an inflation-induced banking meltdown has just multiplied. Alarmingly, fears are growing that Britain’s shadow banking sector – heavily invested in dicey assets – could become the epicentre for such a crash.

One would hope that this would put Whitehall on an emergency footing. After all, even if the UK weathers the current turmoil, sooner or later, it must confront a dangerous mega-trend rocking the West. That is the total collapse of the utopian dream of credit-fuelled welfare capitalism.

The long-term threat that endemic inflation poses to the country is by now reasonably understood. It will continue to ravage our standard of living, erode welfare budgets and could ultimately terminate the middle class, which has until now kept itself afloat with cheap borrowing. Less commonly grasped is the fact that, far from being the vanguards of freewheeling capitalism, the financial markets have congealed into a highly destabilising super-bureaucracy that is compounding these problems.

Generating profit from the deliberately inefficient and opaque global circulation of capital, the “financial-industrial-complex” (FIC) has grown to encompass complicated computer trading systems, credit rating agencies, and megabanks. A state regulatory blob, which is not clever enough to stay ahead of the derivatives game, has been easily absorbed into the FIC. The leviathan is now so large and unaccountable that neither ramping up nor rolling back regulation will make much difference.

All this spells evermore frequent market crashes and the further erosion of British pensions. A bloated, uncompetitive financial sector will also eventually stagnate.

Try The Telegraph free for 3 months

[johnwise] 04/4/2023 07:29

As surprise Opec production cut fuels fears over inflation... Oil to hit $110 a barrel, analysts warn

A surprise cut in oil production sent shockwaves through global markets yesterday, fuelling fears crude is heading back above $100 a barrel – derailing the fight against inflation.

In a move that may force central banks to raise interest rates by more than expected, the Organization of the Petroleum Exporting Countries (Opec) and its allies announced plans to slash supply by nearly 1.2m barrels a day.

[johnwise] 04/4/2023 06:38

Credit Suisse Faces Angry Investors With Gap to Rivals Widening

Bloomberg) -- Credit Suisse Group AG executives are set to face off with miffed shareholders for the second year in a row after a losing streak of profit warnings, scandals and management tumult sent the stock into a tailspin.

Powerful voices are again lining up to question the bank and its approach at the annual general meeting on Friday. Norway’s sovereign wealth fund, one of the bank’s largest shareholders, is backing a call for a special audit into the collapse of funds the bank ran with former partner Greensill Capital. Advisors are urging investors not to absolve leadership of liability for mistakes made in the run-up to the Archegos Capital Management debacle.

More

[johnwise] 03/4/2023 18:27

Precious moments: Gold asserts its role as the risk hedge, breaches $2000 mark

Gold has reasserted its position as a robust risk hedge crossing the $2,000 per ounce mark today. The weekend announcement of a planned production cut by OPEC and others prompted a six per cent spike in the oil price to $80 per barrel which, all things being equal, could reignite inflation fears, the expectation of higher interest rates for longer, and risks of slower economic growth.

[manics] 03/4/2023 16:08

....so long as there aren't any more black swans, and we're trading clear of the March macro.

[xongkudu] 03/4/2023 15:41

Pb

Barring any majors, I think the path to 169 is relatively clear in the short-term. I wouldn’t be surprised if we’re there early May.

Manics

Funny video.

[johnwise] 03/4/2023 15:35

Stockbroker and wealth manager WH Ireland warns of £2.2m loss as it misses forecasts amid market volatility

It blamed a continued 'lack of transactional activity across capital markets'

[manics] 03/4/2023 14:44

Xongkudu: (NSFW)

[prbshares] 03/4/2023 14:20

Gap between 157 and 163 looking to be filled .... thoughts Manics / Reidy / Xong ?

[xongkudu] 03/4/2023 11:57

Manics

Come again?

[johnwise] 03/4/2023 10:46

Tough times are ahead. Something the Biden administration is in denial over.


McDonald's closes all of its US offices and cancels in-person meetings this week as it prepares to layoff corporate staff - after CEO warned 'difficult decisions' will be made

[johnwise] 03/4/2023 10:35

What analysts are saying about the surprise output cut of Opec+

Brent and WTI, the world’s two leading crude oil futures contracts, rallied on Monday after members of the group pledged production butbacks

Members of the 23-member Opec+ alliance of oil producers made a surprise announcement of cuts on Sunday as a precautionary move to stabilise crude prices.

Saudi Arabia, the UAE, Iraq, Kuwait, Algeria, Oman, Kazakhstan and Gabon will together cut output by more than 1 million barrels of crude a day from May until the end of this year.

Russia said the 500,000 bpd cut it was making from March to June would continue until the end of the year. This takes the total output cut to more than 1.65 million bpd by the end of this year.

This led to oil prices surging at the start of trading on Monday with both Brent, the benchmark for two thirds of the world’s oil, and West Texas Intermediate, the gauge that tracks US crude, rising more than 6 per cent.

Brent was trading 5.7 per cent higher at $84.44 a barrel at 12.46pm UAE time, while WTI was up 5.78 per cent at $80.04 a barrel.

[chachacha] 03/4/2023 10:29

LibDem Lab Con traitors all dancing to the EU's Green tune.Glad to see the Finnish general election results.Women politicians are just as bad as the men.

[manics] 03/4/2023 10:26

Do who BTF March D...?

[xongkudu] 03/4/2023 09:52

Oil prices look like they will rise back above $100 a barrel due to surprise opec cut in production yesterday.

Biden has annoyed OPEC. He’s been drawing down on US reserves for months helping to depress oil price and fight inflation so we now have a situation in US where reserves are at lowest level since 1980. He promised to start buying oil/replenishing reserves when oil hit $70 or lower which it did weeks ago. Did he start buying? Not a chance. He instead thought he was an oil speculator and wait for oil to drop to $55 before replenishing stocks. It didn’t drop to those levels and OPEC decided enough was enough and took matters back into their own hands. They cut production to increase the price which happened yesterday.

Biden is left with a long face, no credibility and no or little oil in reserves.

Inflation is now going to rise which rules out any near term interest rates cuts. Probably good for banks on balance.