Royal Bank Of Scotland Share Discussion Threads

[leedskier] 22/7/2015 13:34

Apparently London is pricing in transatlantic rate rises, plus sharing the pain felt by Apple shareholders.Do I believe a word of it?Only with my tongue pressed firmly against my cheek.Commodities now disconnecting from currencies and in free fall as Teddy bears are thrown out of cots on the Street of Dreams and Canary Wharf.

[ramco] 22/7/2015 13:33

It behoves to add with regret that the U.K. and Swiss markets are the worst-performing larger bourses, adding to begorrahs chagrin with the the Spanish the best....seriously!...;

[ramco] 22/7/2015 13:27

Stocks in Europe traded mixed, with information tech and energy sectors underperforming, following less than impressive earnings by Apple and Microsoft after the closing bell on Wall Street, as well as lower energy prices. Of note, Apple's German listed shares traded lower by as much as 7%, with ARM Holdings down 4% after failing to meet revenue expectations....

[ramco] 22/7/2015 13:22

WTI and Brent Crude futures trended lower overnight and in Europe this morning, weighed on by the ongoing concerns over the slowdown in China, as well as the latest API data release which showed that stockpiles increased by 2.3mln (Prey. -7.3mIn). Elsewhere, gold resumed its downward trend, moving below the psychologically important USD 1,100 level.

Looking ahead, sees the release of RBNZ Rate Decision, DoE crude inventories added to those above...

[ramco] 22/7/2015 13:17

EUR/GBP continued to trend lower, moving below the 0.7000 in the process, driven by hawkish comments by BoE's Miles who said that he expects inflation to converge towards the 2% target at the end of 2015. The release of the most recent BoE minutes revealed a 9-0 vote and while a number of MPC members see increasing inflation risks which are skewed to the upside, the minutes also warned that GBP strength could suppress inflation . The rhetoric released in the minutes are more or less a reiteration of the most recent MPC comments and as such proved to be somewhat uneventful....

Add: obviously relating to the minutes as opposed to the action in GBP which Leeds posted earlier....;

[ramco] 22/7/2015 13:16

Treasury curve little changed overnight before U.S. economic data calendar comes alive again....

Add: wow go USD/CHF...you too EUR/USD....;

[ramco] 22/7/2015 13:10

7:00am: MBA Mortgage Applications, July 17 (prior -1.9%)
9:00am: FHFA House Price Index m/m, May, est. 0.4% (prior 0.3%)
10:00am: Existing Home Sales, June, est. 5.4m (prior 5.35m); Existing Home Sales m/m, June, est. 0.9% (prior 5.1%)

[begorrah88] 22/7/2015 13:07

....and off we go again.

[avatar333] 22/7/2015 09:48

Indeed.

;

[leedskier] 22/7/2015 09:48

Good Morning.I see the ladies won the ashes odi.

[avatar333] 22/7/2015 09:36

Morning.

;

[leedskier] 22/7/2015 09:35

All nine members of the Bank of England's monetary policy committee voted to hold interest rates at a record low 0.5 per cent this month.

"For a number of members, the balance of risks to medium-term inflation relative to the 2 per cent target was becoming more skewed to the upside at the current level of bank rate," the minutes said.

"For these members, the uncertainty caused by recent developments in Greece was a very material factor in their decisions: absent that uncertainty, the decision between holding bank rate at its current level versus a small increase was becoming more finely balanced."

"For most members, even before accounting for the recent increase in uncertainty in the external environment, the current stance of monetary policy remained appropriate to balance the risks of inflation around the target in the medium term. For all members, the policy decision this month was clear cut."

Bank of England governor Mark Carney recently warned that interest rates could rise ahead of market expectations. Last night he reiterated his previously disclosed view that "the decision as to when to start such a process of adjustment will likely come into sharper relief around the turn of this year".

[begorrah88] 22/7/2015 08:38

Back to the old days of feeling embarrassed about the way the FTSE gives up even the slightest domestic gain if the DOW sneezes.

Gone virtually nowhere this year.The only people making money are the hedgies and shorters who mug the system

[leedskier] 22/7/2015 08:36

The S&P500 closes down 0.43% and the FTSE100 is down 0.91%

[leedskier] 22/7/2015 08:11

There is an article on Bloomberg which those investing in banks may wish to read ...

[leedskier] 22/7/2015 08:08

And falling!

[leedskier] 22/7/2015 08:08

FTSE100 off 0.74%.

[leedskier] 22/7/2015 07:50

The mighty £ is top dog in overnight trading. Up against the $ & €.

[leedskier] 22/7/2015 07:40

The City is slow to share Wall Street's happiness but very quick to share its pain.

[leedskier] 22/7/2015 07:38

Shares, stocks and corporate news: What you need to know before the open
Shares: 715
by Joe Hall
22 July 2015 7:00am

The FTSE is expected to open 22 points lower today, with heavy falls in Asian shares and disappointing earnings in the US weighing on London blue chips.

The Dow Jones, Nasdaq and S&P 500 all suffered falls last night as shares in Apple plummeted more than seven per cent in after-hours trading. Investors were left disheartened by its forecast for the next quarter, while weak earnings for Microsoft, IBM and Yahoo did little to raise spirits.

Read more: Apple shares slide 7pc

Falls across the board in Asian markets, as well as continued downturns in gold and oil prices, all signal a slow start for European equities today.

Elsewhere, Greece will continue to be under the watchful eye of the Eurozone as its parliament prepares to vote on more reforms it needs to pass as part of the conditions of its bailout package.


Corporate news

Sustainable technology firm Johnson Matthey announced a six per cent rise in sales to £797m thanks to "robust demand for catalysts".

Fresnillo, the Mexican-based precious metals mining company, produced 24m ounces of silver and 364,000 of gold in the first half of the year, a rise of 16.8 per cent and 10.6 per cent respectively.

Low cost airliner easyJet reported a slight fall in revenue in the last quarter to £1.22bn - not as bad a drop as was feared by the company which suffered from French air traffic controllers going on strike and a fire at Rome's Fiumicino airport.

Revenue increased over six per cent in the first nine months of the year at software company Sage.

Data in focus

09.30am: UK, BoE minutes
09.30am: UK, BoE vote result
10.00am: UK, Inflation report hearings
14.00pm: USA, housing price index

[begorrah88] 21/7/2015 15:55

The FTSE and banks etc are loyal to a fault to those yanks [on the way down].

[leedskier] 21/7/2015 13:39

Citizens results posted.

[leedskier] 21/7/2015 10:14

What a chaotic year

We have had the oil crisis, caused by oversupply in the USA, a country which does not even permit exports of crude oil, and Saudi Arabia's response which seems to have involved ramping up production.

The Russian Rouble crisis, caused by the falling price of oil and anti Russian sentiment

The Greek crisis, caused by a clash of hard left and hard right politics in Greece and Germany. Amongst other things, this has hammered the €, slowed growth and led to deflation.

A China crisis caused by a massive correction in its stock market and growth figures falling someway short of forecasts. This may be in part because of the situation in Europe.

Now we are witnessing the strong $ crisis, hammering everything from the price of Gold to the price of Wheat, said to be caused by the prospect of a US rate rise of 0.25% in September.

Meanwhile for all the talk of US stocks being over priced ... the US Indices just keep on keeping on.

As for the City, it seems to have taken an early Summer holiday. The FTSE100 seems to be drifting sideways with little prospect of an early return to the fabled 7000. Whatever may be happening in the real economy in the UK, seems to be being ignored, ahead of H1 earnings at least.

I thought 'sell in May' reflected a bygone age, not, it seems, this year.