Speculation Over Rate Rise Puts the Skids Under Footsie ; Market Round-Up [Edition 2]
Evening Standard - London › July 27, 2009
Linked as:
Summary
MOVES by the London stock market to stretch the current bull run to 11 consecutive days, were running into headwinds today amid mounting speculation that the next move in interest rates will be up.
They were marked higher at the outset with the FTSE 100 index briefly climbing back above the 4600 level for the first time since 6 January. However, later its lead turned into a deficit of 7.16 at 4569.45.See the full content of this document
Extract
Speculation Over Rate Rise Puts the Skids Under Footsie ; Market Round-Up [Edition 2]
The index has now risen 463 points, or 11.2%, since 11 July, despite further evidence of a bigger-than-expected contraction in the UK economy during the second quarter.
Goldman Sachs and Deutsche...See the full content of this document
Sponsored links
