Royal Bank Of Scotland Share Discussion Threads

[jazza] 21/8/2015 08:16

Yeah but the wine & cheese is good.

Surely they factor in the August down-tools across la Manche?

[jazza] 21/8/2015 08:14

I think they underestimate the sell-side exhaustion.

This (China) isn't the UK's problem.

[leedskier] 21/8/2015 08:13

Meanwhile long lunches and short working weeks have ensured that French Manufacturing PMIs undershot the consensus call ... and that call was negative.

[jazza] 21/8/2015 08:13

A Carlyle Group LP hedge fund that anticipated a sudden currency-policy shift in China gained roughly $100 million in two days last week, a sign of how some bearish bets on the world's second-largest economy are starting to pay off.

The 75% return for Emerging Sovereign Group's Nexus fund developed after China unexpectedly pushed the value of the yuan lower on Aug. 11, according to people familiar with the matter. It was the nation's biggest devaluation in two decades.

The sudden paper gains propelled the ESG hedge fund to a roughly 50% year-to-date return through mid-August, after fees. The surge also helped the fund recover from losses earlier in the year. Through the end of July, it had lost 11%, one of the people said.

[leedskier] 21/8/2015 08:12

It would be cynical in the extreme to suggest that the SB deliberately called an overshoot to the downside today.

[leedskier] 21/8/2015 08:11

6,306.93 -60.96 (-0.96%)

[leedskier] 21/8/2015 08:03

The FTSE100 is down just 1.06% at the moment.

[leedskier] 21/8/2015 07:59

isis I think a lot of this is to do with the markets gaming the Fed.

[leedskier] 21/8/2015 07:33

Amongst all the noise on the media from Wall Street last night, there was one video clip which suggested that the US Indices have not yet broken down but are running on their support lines, no doubt comforted by the knowledge that they can hedge by shorting European shares.

[isis] 21/8/2015 07:29

Well I don't think this is the same as the Financial and Euro crisis.

You can't really expect China or anyone else to grow 10%+ yoy forever.

There is also a glut of oil partially due to US Fracking.

[leedskier] 21/8/2015 07:28

On December 15th 2014, the FTSE100 fell to 6182.

On June 21st 2013, the FTSE100 fell to 6116.

[gcom2] 21/8/2015 07:25

RBS exposure to China ? Zero

[begorrah88] 21/8/2015 07:24

Tin hats again today then.

Our markets fell on Greeces' previous woes and didn't bounce back.Our markets did nothing during the surge in Chinas' economy yet now we are all to suffer as the wind comes out of their sails.

You can almost feel the excited glee with which hedgies greet all these global issues.

[leedskier] 21/8/2015 07:21

Cityam's morning call is even more grim!

The FTSE 100 is expected to open 166 points lower at 6,201, while the German Dax to open 363 points lower at 10,069 and the French Cac 139 points down at 4,644.

[leedskier] 21/8/2015 06:39

FTSE100 tipped to plummet on the open

StockMarketWire.com

The headline index is tipped to start the last session of the week significantly lower, according to financial websites, as Greek Prime Minister Alexis Tsipras resigns and with issues around the latest Chinese economic data along with additional pressure on oil prices, adding to today's negative market sentiment...

US & ASIA

In the US last night, the Dow fell 358 points to close at 16,991, the Nasdaq dropped 142 points to 4,877 and the S&P 500 slipped 44 points lower to 2,036.

In Asia today, the Nikkei was recently down 474 points at 19,558 and the Hang Seng had lost 527 points at 22,230.

WTI crude oil traded at $40.9 a barrel and Brent at $46.08.

Gold settled at $1,163.2 an ounce.

LONDON MARKETS

In the corporate diary today, interim results are expected from Tritax Big Box Reit, HellermannTyton and Spire Healthcare.

88 Energy, Iona Environmental Vct and ReNeuron are set to host shareholder meetings.

Story provided by StockMarketWire.com

[leedskier] 21/8/2015 06:38

According to the Telegraph some OPEC members are pressing for an emergency meeting. The indications are that Saudi Arabia and the Gulf oil States will keep on keeping on regardless.

[leedskier] 21/8/2015 06:34

LONDON, Aug 21 Financial spreadbetter IG expected Britain's FTSE
100 to open 144 points lower, or down 2.2 percent, Germany's DAX
to open 325 points lower, or down 3.1 percent, and France's CAC 40
to open 121 points lower, or down 2.5 percent.

MAJOR EUROPEAN COMPANIES REPORTING:

Koninklijke Vopak NV Interim 2015 Koninklijke Vopak NV
Earnings Release


MAJOR MACROECONOMIC DATA/EVENTS (GMT) :

0600 DE Gfk Consumer Sentiment
0700 FR Markit Flash PMI
0730 DE Markit Flash PMI
0800 EZ Markit Flash PMI
0830 GB PSNB
1230 CA CPI Inflation
1345 US Markit Manufacturing PMI
1400 EZ Consumer Confidence
1430 US ECRI Weekly

------------------------------------------------------------------------------

> GLOBAL MARKETS-Stocks, oil tumble after grim China PMI
> U.S. stock futures tumble to 6-month low after weak China PMI
> Nikkei drops to 6-week low on Wall Street fall, China worries
> TREASURIES-Yields fall, Fed rate hike in Sept seen less likely
> FOREX-Aussie hit by weak China PMI; risk aversion lifts euro
> Gold near 5-week top as China worries spark safe-haven demand
> LME copper targets seventh weekly loss as China factories slow
> Oil on track for longest weekly losing streak in 29 years

[leedskier] 21/8/2015 06:28

USD fell against the EUR overnight.

[leedskier] 21/8/2015 06:28

Eurozone manufacturing and services PMI data out this morning in staggered releases beginning with France at 8.00am.

The China print overnight was weak.

[jazza] 21/8/2015 06:15

Was never convinced by the old "sell in May" adage but I have come to the conclusion that the August summer lull produces sizeable movements with the prevailing trend (this year, down).

The low volumes help those playing. They finding it more easy to generate/ride momentum.

Market efficiency gone oot tha windae..

[leedskier] 21/8/2015 06:13

THE HOUSING market shows no sign of easing up this summer with prices climbing and mortgage lending seeing its strongest month for seven years.

City level house prices are seeing their fastest growth for over a decade, property market analysts Hometrack said today. It said asking prices had increased 4.3 per cent in the three months to July.

“Low mortgage rates, economic growth and rising earnings will continue to stimulate demand and put an upward pressure on prices,” said Hometrack director of research Richard Donnell.

London prices were up 9.4 per cent from May to July compared with the same period last year, Hometrack said.

[leedskier] 21/8/2015 06:09

NEW YORK traders saw red yesterday as Wall Street endured one of the toughest days of 2015. The Dow Jones lost 358.04 points to 16,990.69 while Nasdaq shed 141.56 to close at 4,877.49. Spreadbetters here are forecasting the FTSE will open 65 points lower today.

[leedskier] 20/8/2015 21:08

Can we skip Friday this week?

[leedskier] 20/8/2015 16:15

Yes having purged the index spread betters it is back to business.