Royal Bank Of Scotland Share Discussion Threads

[leedskier] 04/7/2017 08:18

With the US closed today, Europe is rudderless, but after falls in much of Asia overnight, European indexes are weaker today.

[leedskier] 04/7/2017 08:16

I was wrong yesterday when I posted about US Investment banks control of the commodities sector. According to an article/video on Bloomberg yesterday, the Investment Banks are pulling back from commodity trading!

Why?

They cannot make any money trading commodities. So who is controlling the sector? The Chinese?

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Goldman Sachs Group Inc., the dominant commodities trader on Wall Street, is reviewing the direction of the business after a slump in the first half of the year, according to people with knowledge of the matter.

By reconsidering the bank’s long-held view that the downturn in profitability is cyclical and will eventually reverse, Chief Executive Officer Lloyd Blankfein, who started his career in the commodities business, is drawing closer to the industry’s prevailing wisdom. Morgan Stanley, JPMorgan Chase & Co., Barclays Plc and Deutsche Bank AG have cut back or exited commodities trading in recent years amid falling revenue and tougher regulation.

[leedskier] 03/7/2017 12:37

Downing Street rules out lifting public sector pay cap for doctors, nurses and armed forces until at least April 2018

[leedskier] 03/7/2017 11:07

I was being sarcastic.

A very slippery road indeed.

France has funny rules about what is and is not in the public interest when it comes to publication.

Compare with the USA, where free speech is an enshrined right.

[leedskier] 03/7/2017 10:21

maxk we could do with a similar law applying to ADVFN. It would be cleaned-up overnight.

[leedskier] 03/7/2017 10:18

Moving from politics to the economy, the UK's manufacturing PMI's slowed in June. Still positive but lower than the preceding month and lower than consensus.

The fear, expressed in the FT, is that if this trend continues in H2/2017, there will be 'trouble at mill', and everywhere else where Brits makes things for export and the home market.

Hints at falling demand by the GE and austerity impacting on the 17% of the UK workforce in employed in the public sector whose earnings in real terms are now falling year on year, as inflation rises above 2.5%, due to the falling £, will not be helping.

[leedskier] 03/7/2017 10:03

George Osborne is still turning the knife and luving it .....



'Shameless' Theresa May 'pleaded with David Cameron to support her DUP deal'

[leedskier] 03/7/2017 08:50

More on that, the cynical may think that this is a right wing plot to ensure she remains in place until after the brexit deal is negotiated.

By promising to leave in say the summer of 2019, it lances the boil of those on the moderate wing of the party, calling for her to resign this year.

[leedskier] 03/7/2017 08:46

When the Daily Telegraph runs this headline as its lead story, we can guess that the knives are being sharpened.

Theresa May under pressure to set out timetable for her departure from No 10

[leedskier] 03/7/2017 08:04

FTSE 100 7,345.14 0.44%
Financials 0.66%
RBS 249.00 0.73%

[leedskier] 03/7/2017 08:03

FTSE100 opens

7,338.21
+25.49 (0.35%)

[leedskier] 03/7/2017 07:37

One of the systemic problems post the global financial crisis and European debt crisis, is that the US Major Investment banks now have control of the levers.

The price of oil, which is traded as 'futures', is measured not by perceived global supply & demand, but US supply & demand.

For those bullish on the price of oil Goldman Sachs, having examined the tea leaves, last week called for the price to rise, and of course it is ... but for how long this time?

[leedskier] 03/7/2017 07:06

There seems to a fixation on the banking forums with some sort of price crash in bank shares this week.

If the pay cap is coming off for 17% of the UK working population -- i.e. those working in the public sector, banks could rebound.

Whatever the Index is tipped to open higher today.

[tradejunkie2] 02/7/2017 19:54

Don't worry Chinese, in 50 years you'll break even.

[maxk] 02/7/2017 19:22

Some good news for a change, altho the article is so poorly written and inaccurate it can only give a clue as to what is going on.




UK to 'take back control' of waters after exiting fishing convention


Michael Gove announces withdrawal from London fisheries convention and claims leaving EU fisheries policy will be good for environment

[right honorable lord lucan] 02/7/2017 18:26

MondayTuesday, sorry meant Smurfy. How's life in Walton on Thames me old mucker?