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The below stocks have been identified as having potential to register bigger than normal share price moves (up or down) today based on the news cited
Barclays (BARC.L), Lloyds (LLOY.L), Royal Bank of Scotland (RBS.L) – The BoE will cut interest rates close to zero later this year as economists believe there will be a sharp cooling in growth from 1.7% to 0.7% in 2017 and concern persists about the longer-term impact of the Brexit vote, according to a Bloomberg survey. Closing prices 166.45p, 56.44p, 183.70p (Bloomberg)
Crest Nicholson (CRST.L), Berkeley Group (BKG.L) - London’s luxury homes will slump in price this year by around 9%, the most since 2008, compared with a 0% forecast made in October after Britain voted to leave the EU citing uncertainty surrounding the outcome of the U.K.’s negotiations to leave the political bloc. Closing prices 470.80p, 2603.00p (Bloomberg)
UK 100 ( UK 100 Cash), DAX (Germany 30 Cash), Dow Jones (Wall Street Cash) – The Bank of Japan surprised markets by adopting a target for long-term interest rates in an overhaul of its massive monetary stimulus program, the move came as a welcome relief for risk asset markets. The Central bank maintained its 0.1% negative interest rate. Current levels 6,865pts, 10,478pts, 18,204pts (Bloomberg)
For more information on any of these individual news items, call into the trading floor
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