Royal Bank Of Scotland Share Discussion Threads

[leedskier] 23/9/2015 16:23

US indices dive as 4.30pm approaches.

[avatar333] 23/9/2015 14:53

All duly noted, with thanks, leedskier.

[leedskier] 23/9/2015 14:22

As Bloomberg has just commented (in terms) ... Dragi has indicated that the QE arrow is in the quiver but no indication as to when, or if, it will be fired.

[leedskier] 23/9/2015 14:15

That draft includes ...

Economic developments and monetary policy

Turning to the first topic, let me give you an overview of the economic developments since the last hearing in June. Over the summer, industrial production and other indicators of economic activity showed signs of resilience. At the same time, the macroeconomic environment has become more challenging. Our September macroeconomic projections indicated a weaker economic recovery and a slower increase in inflation rates than we had expected earlier this year. The inflation rate will remain close to zero in the very near term, before rising again towards the end of the year. It will take somewhat longer than previously anticipated for it to converge back to and stabilise around levels that we consider sufficiently close to 2%.

Slowing growth in emerging market economies, a stronger euro and the fall in oil prices and in commodity prices more generally are the main causes for these developments. As a result, renewed downside risks to the outlook for growth and inflation have emerged. For many of these changes, it is too early to judge with sufficient confidence whether they will cause lasting slippage from the trajectory that we initially expected inflation to follow when we decided to expand our asset purchase programme in January. More time is needed to determine in particular whether the loss of growth momentum in emerging markets is of a temporary or permanent nature and to assess the driving forces behind the drop in the international price of commodities and behind the recent episodes of severe financial turbulence. We will therefore monitor closely all relevant incoming information and its impact on the outlook for price stability.

[leedskier] 23/9/2015 14:12

Better still read the pre broadcast draft speech.

[leedskier] 23/9/2015 14:07

Draghi speech live broadcast on streaming video

[leedskier] 23/9/2015 12:58

Good afternoon.

The market is clearly expecting mood music from Mario Draghi this afternoon.

[avatar333] 23/9/2015 09:11

Morning.

;

[maxk] 23/9/2015 09:04

Well, you would think the Germans would stay quiet, after all, they'll have written the speech.

[leedskier] 23/9/2015 08:56

Draghi's speech today is going to be crucial. Hopefully he will indicate enthusiasm to provide more help in October for the Eurozone.

With the Germans on the rack this week, perhaps they may not kick up a fuss this time around.

[maxk] 23/9/2015 08:52

The trick is not to get caught.

[pal44] 23/9/2015 08:48

VW are plainly unlucky to get caught out like this there are plenty of mega US and China Firms that have done even worse pollution but managed to get away..

[leedskier] 23/9/2015 08:07

FTSE100 rises 0.5%.The SB companies still gaming the pre market calls.

[leedskier] 23/9/2015 07:55

This is the headline data from China that is spooking today.



Preliminary Caixin China manufacturing PMI falls to 47.0

Updated Sept. 23, 2015 1:01 a.m. ET
BEIJING—A preliminary measure of Chinese factory output in September was the lowest since the financial crisis, adding to a parade of weak data that is increasingly eroding hopes that China’s slowdown would stabilize in the second half.

[careful] 23/9/2015 07:46

that my problem as an investor.
i would be likely to rotate out of services and financials into miners.

[gcom2] 23/9/2015 07:44

Would expect some rotation out of mining into services, financials etc, perhaps that will happen when the worry subsides

[jazza] 23/9/2015 07:38

I get why miners are falling.

It's the fact that everything else is following suit.

Such was always the way - just be ready to pick up non-commodity plays for a good price.

[gcom2] 23/9/2015 07:37

IG show ftse only 9 points off at 5932

[leedskier] 23/9/2015 07:36

gcom2,

Excellent news.

Given the miners are likely to dive even lower this morning, RBS may seem some respite.

CityAM have just posted that it will be another 50 points off the FTSE at the open.

[leedskier] 23/9/2015 07:33

Economic data:09:00: EUR: Markit manufacturing PMI, September09:00: EUR: Markit services PMI, September09:00: EUR: Markit PMI composite, September12:00: US: MBA mortgage applications, September14:00: ECB president Draghi's speech14:45: US: Markit manufacturing PMI, September17:30: US: Fed's Lockhart speech

[gcom2] 23/9/2015 07:24

raised their target from 345p to 400p

[gcom2] 23/9/2015 07:22

RBS Gets First Top Share Rating From Morgan Stanley in 6 Years
Richard Partington and Stephen Morris
August 26, 2015 — 10:41 AM BST

Royal Bank of Scotland Group Plc was given a top rating by Morgan Stanley for the first time in six years, as analysts said the bank can beat profit expectations when it emerges from an extensive overhaul.
Britain’s largest taxpayer-owned lender is entering the “final furlong” of its restructuring program and its future earnings power is “under-appreciated,” Chris Manners and Fiona Simpson wrote in a note to clients on Wednesday. They upgraded the stock to overweight from equal-weight.

[leedskier] 23/9/2015 07:21

September lives up to its reputation.

[leedskier] 23/9/2015 07:20

FTSE100 tipped to open lower this morningStockMarketWire.comThe headline index is tipped to start today's session firmly lower, according to financial websites, with further weak economic data out of China bringing the bears to the fore once again...Elsewhere, Wall St. closed lower overnight and Asian markets were also in the red in early deals today.US & ASIAIn the US last night, the Dow fell 180 points to close at 16,330, the Nasdaq lost 72 points at 4,757 and the S&P 500 slipped 24 points lower to 1,943.In Asia today, the Nikkei remains closed today, but the Hang Seng had dropped 646 points to 21,151.WTI crude oil traded at $46.15 a barrel and Brent at $48.7.Gold settled at $1,122.9 an ounce.LONDON MARKETSIn the corporate diary today, a trading statement is due from United Utilities, interim results are expected from Styles & Wood and final results are scheduled to be released by Pan African Resources and Smiths Group.Meanwhile, Alcentra European Floating Rate Income Fund Red, Arricano Real Estate, Begbies Traynor, First Property Group, Imaginatik, The Real Good Food Company and Twentyfour Income Fund are set to host shareholder meetings.