Friday, August 31, 2012

Royal Bank of Scotland shares prices for 8/31/2012

Royal Bank of Scotland shares prices for 8/31/2012 : Royal Bank of Scotland Group plc (LON:RBS) shares are 1.68 pct higher at 226.74. The upside in RBS is also forecasted to continue as long as 218.75 remains true.

"The RSI is above 70. It could mean either that the stock is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is above its 20 and 50 day MA (respectively at 222.97 and 219.71),

Nationwide reports surprise increase in house prices
House prices have risen at their fastest rate since 2010, but remain significantly lower than they were a year ago, according to Nationwide.

The cost of homes in the UK rose by a "surprising" 1.3% in August to an average of £164,729 - up from a 0.8% fall in July.

It was the largest month-on-month increase since January 2010, the building society said in its monthly house price index.

Osborne and ministers told to get moving
Business has called on ministers “to get some political backbone and show some leadership”, as the two largest industry lobby groups - the CBI and BCC - slashed their growth forecasts for the year, rounded on the Government for failing to kick-start the economy, and warned the Chancellor that he may miss his deficit reduction goals.

Demanding “swift action”, the British Chambers of Commerce (BCC) also cut its 2012 forecast, from 0.1pc growth to a contraction of 0.4pc, and warned that the Chancellor is on course to miss his deficit target by “two to three years” as borrowing balloons on the back of weaker than expected tax receipts

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