Taking Stock on Wednesday 13th December 2023
Banker Rally Starts Now!!!
If you watch yesterday's video, the first thing I said was that the Santa Rally starts today and look what happened overnight & look at the Indices!
The Fed holds rates and indicates three cuts coming in 2024
Committee members penciled in at least three rate cuts in 2024, assuming quarter percentage point increments. That’s less than market pricing of four, but more aggressive than what officials had previously indicated.
Bank of England to hold rates as markets bet heavily on 2024 cuts
Investors on Thursday were pricing almost five quarter-point reductions in Bank Rate during 2024, with the first reduction possibly taking place as soon as March.
Companies discussed on “Taking Stock” today:
01:40 Ocado #OCDO
08:55 musicMagpie #MMAG
13:15 Future Plc #FUTR
17:00 Pfizer $PFE
22:38 Curry’s #CURY
24:50 AO World #AO.
26:30 Deliveroo #ROO
27:20 Aptamer Group #APTA
28:40 Ensilica #ENSI
32:45 Barclays #BARC
33:45 Impax Asset Management #IPX
34:10 Abrdn #ABDN
34:20 Hargreaves Lansdown #HL.
36:39 Allergy Therapeutics #AGY
40:30 Card Factory #CARD
41:20 Destiny Pharma #DEST
42:30 Good Energy #GOOD
46:10 Audioboom #BOOM
53:08 Silver Bullet Data Services #SBDS
TOP BUSINESS STORIES
UK housing market stabilises but high rates still weigh: RICS
Britain's property market saw some recovery in November as a surge in mortgage rates eased, but surveyors remain cautious about the year ahead, an industry survey showed on Thursday, adding to other signs of a stabilisation in the market.
The Royal Institution of Chartered Surveyors (RICS) said its measure of new buyer enquiries rose to a net balance of -14 last month from upwardly revised -25 in October. November's reading was the least weak since +1 in April last year.
Tesco has recalled a batch of Christmas stuffing mix due to the possible presence of moths in the product.
The batch of Tesco Finest Apple & Cranberry Stuffing Mix may be "unfit for human consumption", the retailer warned via the Food Standards Agency.