Royal Bank Of Scotland Share Discussion Threads

[leedskier] 12/8/2015 08:43

6,554.49
-110.05 (-1.65%)

[leedskier] 12/8/2015 08:39

The blue chip miners are getting washed and rinsed.


6,557.92
-106.62 (-1.60%)

[leedskier] 12/8/2015 08:28

6,572.62
-91.92 (-1.38%)

[leedskier] 12/8/2015 08:20

6,583.18
-81.36 (-1.22%)

[leedskier] 12/8/2015 08:09

Was it two weeks ago when I suggested that a right shoulder was forming on the FTSE chart.

This month could see it move much lower unless, which is unlikely, there is some stimulus to reverse this trend.

[leedskier] 12/8/2015 08:06

6,589.33
-75.21 (-1.13%)

[leedskier] 12/8/2015 08:05

beg, you know better than most that the FTSE100 traders only react to bad news.

[leedskier] 12/8/2015 08:04

6,601.52
-63.02 (-0.95%)

[begorrah88] 12/8/2015 08:01

Don't recall the FTSE benefitting at all when China was surging yet now it is an easy knock of 1-2% off the value of UK companies.

An absolute casino.

[leedskier] 12/8/2015 07:51

European markets are expected to open lower again today as the People’s Bank of China allowed the renminbi to devalue further.

The FTSE 100 is expected to open 50 points down at 6,624, while the German Dax is anticipated to open 106 points lower at 11,187 and France’s Cac is tipped to open 33 points lower at 5,066.

Asian markets fell in Wednesday morning trading after the Chinese central bank devalued the country's currency for the second consecutive day. The impact was also being felt in the US, where major markets fell overnight amid concerns about global growth.

Focus today will be on UK unemployment statistics, released at 9:30am, as well as industrial production data from the European Union.

Corporate news:

Eon has reported revenue of €57.3bn (£40.8), up five per cent year-on-year
Nestle is being sued by India for $100m (£64) over unfair trade practices
Balfour Beatty reported revenue of £4.1bn for the first half of 2015
Commonwealth Bank of Australia has posted full year net profit of A$9.1bn (£4.6bn)
G4S reported revenue of £3.3bn for the first half of 2015
Economic data

9:30: UK, Claimant count rate – July
9:30: UK, ILO unemployment rate – June
9:30: UK, Average earnings – June
10:00: EU, Industrial production, year-on-year – June
10:00: EU, Industrial production, month-on-month – June
19:00: US, Monthly budget statement - July

[leedskier] 12/8/2015 07:35

Will the Euro now recover and rebalance Global trade ... ?


There is no doubt that Germany's policies may have inflicted pain on others but it is really benefitting from the weaker Euro.

...........

Currency turmoil is wreaking havoc with British and American company earnings, leaving businesses trailing the growth of rivals in the Eurozone.

Profit growth in the Eurozone is on track to race past American levels for the first time since 2007 and leave the UK for dust after reporting forecast-busting earnings in the latest reporting season.

China’s shock move to devalue its currency – the biggest cut to the yuan since 1993 – has also sharpened the headache of companies listed in New York and London, as they battle a strengthening dollar and pound.

“Eurozone earnings growth will not just be a 2015 phenomenon but a much longer term trend,” NN Investment Partners’ Patrick Moonen said. “It will be the first year since 2007 that Eurozone earnings will outgrow those of the US.”

Euro area firms grew earnings by 17 per cent in the second quarter, according to Barclays, compared to 0.9 per cent for S&P 500 firms and 0.1 per cent for UK firms listed in the Stoxx 600.

[leedskier] 12/8/2015 07:26

Germany is in large measure responsible for much of this, by force feeding austerity plus onto the straitjacketed Euro spenders, inevitably the major Euro economies are flat.

Flat Euro economies, the second largest Global market, means less exports from China, which means less spending in China, which means currency wars, the trashing of commodity prices and currencies which depend on them ... including Australia and Canada.

This down cycle could now continue unless and until the ECB stimulus begins to work.

[leedskier] 12/8/2015 07:20

It is the holiday season ....




LONDON, Aug 12 Britain's FTSE 100 index is seen opening
down by around 40 points, or 0.6 percent lower, according to financial
bookmakers.

* The UK blue chip index closed 1.1 percent lower on Tuesday, led by mining
companies and luxury firm Burberry after China devalued its currency,
raising the costs of imports.

* UK CORPORATE DIARY:


CAL.L Capital & Regional PLC Earnings Releases
GFS.L G4S PLC Earnings Releases
NEPI.L New Europe Property Investments PLC Earnings Releases
MRKT.OQ Markit Ltd Earnings Releases
CLSH.L CLS Holdings PLC Earnings Releases
BALF.L Balfour Beatty PLC Earnings Releases

[leedskier] 12/8/2015 07:19

China's yuan hit a four-year low on Wednesday, falling for a second day after authorities devalued it in a move that sparked fears of a global currency war and accusations that Beijing was giving an unfair advantage to its struggling exporters.

Spot yuan in China fell to 6.44 per dollar, its weakest since August 2011, after the central bank set its daily midpoint reference at 6.3306, even weaker than Tuesday's devaluation.

[rickyvader] 11/8/2015 19:40

Maybe, so are these shares going to rocket and we pocket a wedge? I'm looking at 4oop target

[worlds lrgest undies] 11/8/2015 19:27

Sorry. Thought this was MDX Fred.

[worlds lrgest undies] 11/8/2015 19:27

Rumours of relocation back to Scotland are concerning...

[worlds lrgest undies] 11/8/2015 19:26

A welcome distraction?

[rickyvader] 11/8/2015 18:25

What has the weather got to do with rbs?

[avatar333] 11/8/2015 14:49

BRITAIN is set to bake in the hottest August for YEARS with temperatures potentially reaching 100F in weeks.

[leedskier] 11/8/2015 14:07

RBS comes up for air.

[avatar333] 11/8/2015 13:54

Might be worth a small(ish) saver on Mr Burnham, just in case:

[avatar333] 11/8/2015 11:50

Noted, leedskier.

[leedskier] 11/8/2015 11:49

AV the yellow peril spooking the markets is not from above, but Asia.

[jazza] 11/8/2015 11:47

Seems Corbyn isn't the only one living the politics of the past.


It should be a battle for the centre-ground at election time - that's the statistically smart move.

Whether or not the victor sticks to a centre-ground manifesto is another matter - a mixture of necessity and chutzpah with the latter being the ability to convince a forgetful electorate next time that you didn't renege on your promises.