Trading the stockmarket (NO Referrals)

Jokester said:
Might be reason to dis-invest in UK food producers…
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Might be a reason to invest. Say the ones who make processed foods, the ones who make sandwiches etc if they have access to a cheaper product. Not that I would invest in those places myself but if you are considering investing in chicken farms (lol) or food producers there is more to consider.

I'd be very surprised if Starmer has allowed this anyway, I'm expecting more like no tariffs on US cars (who buys them anyway?), reducing the digital services taxes etc.
 
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Gov are saying chlorinated chicken and hormone injected beef was a red line so Jokester will have to fly over there for his chlorine burger fix.
S&P is up in pre trading on the news. Interest rate cut here too, all good.
 
Uther said:
Gov are saying chlorinated chicken and hormone injected beef was a red line so Jokester will have to fly over there for his chlorine burger fix.
S&P is up in pre trading on the news. Interest rate cut here too, all good.
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Just back from the US, was nom nom.

At the moment it looks like the deal will be quite limited in scope. US benefits by reducing their own recently increased tariffs on car imports and drugs. Looks like we’ll reduce tariffs likewise on US car imports and sacrifice the digital services tax.
 
Jokester said:
Just back from the US, was nom nom.

At the moment it looks like the deal will be quite limited in scope. US benefits by reducing their own recently increased tariffs on car imports and drugs. Looks like we’ll reduce tariffs likewise on US car imports and sacrifice the digital services tax.
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All I care about (in this thread) is how the markets react really.
 
Uther said:
All I care about (in this thread) is how the markets react really.
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Doubt it’ll have much impact outside UK car and drug manufacturers, depends if they dropped much on the original 10% tariff news.

The interest rate decision was already baked in (and another drop is forecast next time the meet) due to the existing economic malaise. Doubt this will do anything to change that unless the deal actually is a lot more comprehensive than what’s reported.
 
Jokester said:
Doubt it’ll have much impact outside UK car and drug manufacturers, depends if they dropped much on the original 10% tariff news.

The interest rate decision was already baked in (and another drop is forecast next time the meet) due to the existing economic malaise. Doubt this will do anything to change that unless the deal actually is a lot more comprehensive than what’s reported.
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As long as I'm in the green I'm happy, and I am.
 
Uther said:
Trade deal between the UK and US due to be announced today apparently, might be a bounce (or not)
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Top 5 imports from USA
Crude oil #1
Gas #2
refined oil #5

we aren't allowed to touch our own though as its some kind of demonic evil spirit, better to ship it from half way around the world and let other people have the bad karma
 
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arknor said:
Top 5 imports from USA
Crude oil #1
Gas #2
refined oil #5

we aren't allowed to touch our own though as its some kind of demonic evil spirit, better to ship it from half way around the world and let other people have the bad karma
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The problem is the cost of extraction and the environmental cost... fracking experiments in the UK, for example were really not good in terms of geological stability and poisoning the water table....

There's good reason we don't mine much any more... it's environmentaly very dangerous for the local area, and it's A LOT more expensive to extract than import. As a business case, fresh fossil fuel extraction in the UK makes zero sense.

Nuclear power as a stop gap, whilst wind/solar/tide/hydro power matures is pretty much our only option for the long term.
 
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mattyfez said:
As a business case, frsh fossil fuel extraction in the UK makes zero sense.
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with inflation I'm sure its less viable than ever, but USA has about currency parity with us and they have far higher wages? surely we should be able to do it for cheaper when you take the cost of transporting it over a massive ocean into account.
 
We can't refine it all that's one reason we export a lot, also there are many different types of oil so that is another why we import a lot.
 
arknor said:
with inflation I'm sure its less viable than ever, but USA has about currency parity with us and they have far higher wages? surely we should be able to do it for cheaper when you take the cost of transporting it over a massive ocean into account.
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Define higher wages... they don't even have a national minimum wage over there... no mandatory holiday or sick pay, and the higher earners massivley twist the 'average wage' figure upwards, and that's not to mention the cost of private health insurance etc.

Great if you are a high flying IT contractor, not so much if you work as a waitress or a factory worker.
 
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mattyfez said:
Define higher wages... they don't even have a national minimum wage over there... no mandatory holiday or sick pay, and the higher earners massivley twist the 'average wage' figure upwards, and that's not to mention the cost of private health insurance etc.
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According to google:

The median gross salary in the US was around $62,800 in 2024, which translates to approximately $51,146 after federal tax deductions.
The median salary in the UK, converted to USD after tax, is around $35,714. This figure is based on an average annual salary of £29,198 after tax.
 
'median' lol...
Tell that to someone on £12 per hour who's trying to pay rent, run a car and feed themselves.

Now let's see the modal average...

 
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Jokester said:
Just back from the US, was nom nom.

At the moment it looks like the deal will be quite limited in scope. US benefits by reducing their own recently increased tariffs on car imports and drugs. Looks like we’ll reduce tariffs likewise on US car imports and sacrifice the digital services tax.
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So nothing that benefits UK citizens. This falls in line with government policy, UK tax payer covers the losses.
 
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tamzzy said:
According to google:

The median gross salary in the US was around $62,800 in 2024, which translates to approximately $51,146 after federal tax deductions.
The median salary in the UK, converted to USD after tax, is around $35,714. This figure is based on an average annual salary of £29,198 after tax.
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Their health insurance model skews everything, hence why a lot of them think they need millions of dollars to retire.
 
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