Can Lloyds shares reach £1.50 before the end of 2024?
Update: 2024-11-15
Description
In this episode, (sponsored by Pepperstone) Michael Hewson and Michael Brown discuss the recent developments in financial markets, focusing on the impact of US economic policies, inflation concerns, and the implications for UK mortgage rates. They analyze corporate earnings from major companies like Burberry, Vodafone, and AstraZeneca, and explore the challenges faced by Lloyds Banking Group in light of regulatory changes. The conversation also touches on the success of Disney's streaming service and the dominance of Nvidia in the AI technology sector, while looking ahead to upcoming economic indicators and retail insights.
Takeaways
- The dollar's strength is notable in current markets.
- Higher US treasury yields may indicate economic growth.
- UK mortgage rates are rising despite recent rate cuts.
- Corporate earnings reflect broader economic trends.
- AstraZeneca's investment plans highlight government relations issues.
- Disney's subscriber growth shows resilience in streaming.
- Lloyds Banking Group faces significant regulatory challenges.
- Retailers are struggling with rising costs and consumer confidence.
- Nvidia's growth in AI technology is unprecedented.
- Upcoming economic indicators will shape market expectations.
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