Pray for Bloomberg tv

Is recent up ticks in ftse  just a case of Market hates uncertainty and now that starmer is gone it's up we go or is this just the summer heat effect?

No real reason for Market to get excited about Burnham as pm, reckon as soon as he opens his gob all these gains and more will evaporate like spring  snow on a stone wall (lol).

Interest rate hold might of helped but overall inflation still high and expected  growth very poor, or is that all just quacky garbage and were ready to rumble?

Would like to think Market has a bit of beef to put on shortly.

Gilt rates are far higher now.

Don't confuse government bond markets with equities. Government bond markets reacted to the unwinding of QE. Map the G7 and you'll see, nothing to do with the mini budget.

Oh and the BoE was nakedly corrupt, telling markets in advance they would be dumping gilts.

If the government / bank of England didn't reduce money supply
things would have been even worse.

Kami kwasi ignored everything he was told, and
deliberately avoided a reality check on his crazy
bodgit, even downgrading it's name, lol, to avoid
legal requirement.

A step akin to spaffer proroguing parliament

They deserved to go

You're competing with people claiming it's all Truss's fault. The media, blob and establishment all blamed her, her own party blamed her, it was very convenient to all of them. Most people have the attention span of a gnat and not interested in the detail of why it wasn't Truss who created higher mortgage interest. 'Everyone' blamed her and it's far easier to believe them. It's there in black and white though, no conspiracy. Just open corruption.

LDI's were contracts (swaps/insurance) against a big shift in market gilt rates (if rates go up, the value of existing gilts in the market goes down). You probably know what a short is, well the pensions business had created huge hedges against this. They didn't bargain on a once in a century event, and a huge spike in gilt rates (meaning the arse fell out of the market value of existing gilts). 

Gilts are hugely important to the pensions business, basically what happens when people buy an annuity is that the insurer purchases gilts to cover the liability. When gilt rates go up, it becomes a lot cheaper to cover the annuity liabilities, hence why CETV's are about the third of their peak. It's now a lot cheaper to cover the cost of an annuity.

Bailey was forced to manipulate the price of long gilts by buying up everything at any price, shortly after dumping them on the market (think petrol, fire etc).

None of the establishment (or regulator) had any clue about the level of LDI liabilities, and that it could have bankrupted huge financial institutions. So the politicians were unaware of it as well, but why would they be aware of it? They rely on the 'experts' in the treasury and BoE.

In a nutshell, Bailey helped to force the value of existing long gilts down by dumping the ones he had, then had to u turn and buy them back again to manipulate the market back up, to lessen the cost of the shorting to the institutions that gambled by selling the insurance. 

It was basically flushed out by the unwinding of QE, it didn't cause it, gilt rates were always going to go big, but it massively increased the volatility.

£425 billion wiped off pension funds is all we need to know

Is this a drip- drip downward decline? The Nasdaq has been shooting up despite the economy struggle and debt of the USA.

Every time you come on here and laugh at Tesla it bottoms out

Literally the biggest market indicator

FANBOY!!!

The UK government was forced to pay the highest interest rate for a 30-year bond since 1998 on Tuesday, underlining the fiscal challenges facing the chancellor, John Healey.

Echoing the global bond market sell-off that has driven up yields, or interest rates, on government borrowing across the main markets, the Treasury paid 5.82% to borrow £4bn.

Tesla having a decent month, more murmurings of a  merger.

FTSE  gains some of Friday's losses, been a lot of chat about impending Oct doom, but let's face it the resiliance the markets have shown in spite of some pretty challenging conditions has been remarkable.

Where have all the doom mongers went?  They usually trigger and come out of woodwork.
It's actually worrying

Intel shares down 50% in month

Ceo buying the dip bought 10mill worth.

Higher interest rate means higher pound so importers will benefit a little. Exporters the opposite.

SpaceX shares were down more than 8% in early trading on Friday, while Tesla shares dropped more than 9%.

Shares in chipmakers Qualcomm and Intel were down nearly 11% and more than 7%, respectively. Nvidia shares have also dropped by more than 7%.

Those losses dragged the tech-heavy Nasdaq stock index down, and it has fallen 4.8% in early trading.

VIX has jumped over 10 points to
27%
Biggie TROUBLE

The nasdaq index had its biggest one-day fall since Donald Trump announced his “liberation day” tariffs on US trading partners in April 2025.