Time to be bullish in this bearish market?
Episode 1608, Sep 11, 2023, 09:23 PM
Companies mentioned on today’s Taking Stock include: Avacta #AVCT Vistry #VTY Guild Esports #GILD Engage XR #EXR Intelligent Ultrasound #IUG Union Jack Oil #UJO Premier African Minerals #PREM Bushveld Minerals #BMN BSF Enterprise PLC #BSFA Barkby Group #BARK Sportech #SPO Beacon Energy #BCE Time to be bullish in this bearish market? VOX CONTENT Union Jack Oil #UJO Intelligent Ultrasound #IUG MOST FOLLOWED Atlantic Lithium #ALL CleanTech Lithium #CTL MOST READ RNS Premier African Min #PREM - Approval of further funding for Zulu Project Bushveld Minerals Ld - Investment by Southern Point Resources BSF Enterprise PLC #BSFA - Strategic Update WANdisco Plc #WAND - Interim results RISERS Barkby Group #BARK - Response to media speculation re CSS Guild Esports #GILD - Sky Glass appointed Official Television Partner FALLERS Sportech #SPO - Proposed De-lisiting Beacon Energy #BCE - Schwarzbach-2(2.) Well Update Time to be bullish in this bearish market? We have employment data out tomorrow & GDP data out on Wednesday. Survey of businesses gives further indication that Bank of England could limit future interest rate rises Businesses are pulling back on hiring and slowing their output under the strain of rising borrowing costs, according to a study that gives a further signal that the Bank of England could limit future interest rate rises. A modest pickup in manufacturing in August failed to prevent a slowdown in broader UK private sector economic activity, a survey of businesses by the accountancy firm BDO found. City traders have cut their expectations for further interest rate rises. They forecast that the central bank will increase interest rates by 0.25 percentage points to a peak of 5.5% when its monetary policy committee meets on 21 September. Labour market data released on Tuesday is likely to show the jobs market slowing, with unemployment rising for a third consecutive month and employers cutting the number of job vacancies.