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Whenever we've the FTSE dip back towards 6,660 over the last couple of days there have been buyers coming back in, and these markets are still bullish despite the late plunge we saw in late US trade yesterday.
Some of the momentum witnessed in recent days has slipped on profit-taking – a not altogether surprising turn of events given the fact that the FTSE 100 has regaled markets with 10 consecutive days of new highs. Less than stellar US data has also given markets pause for thought.
The FTSE 100 has found it hard to make any progress this morning but this is more likely due to a general sense of exhaustion after its extended winning streak rather than any shift in underlying sentiment.More quotes »
Newsday's coverage
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US stock market isn't the only one racing ahead
the past year, even though Europe's largest economy contracted in the final quarter of 2012 from the previous quarter.-- Britain's FTSE 100 has pushed above 6,400 for the first time in five years, despite fears that the country is about to sink into its third Read more »
Around the web
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Equity market poised to enter correction mode
mode with local institution funds expected to continue offloading their holdings. Since the 13th General Election two weeks ago, the FTSE Bursa Malaysia KLCI (FBM KLCI) index has continued its upward thrust and climbed to a record close of 1,788.45 points 11:30 AM from Business Times Malaysia Read more »
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Lloyds’s shares cross break-even level
least partial success. Shares in Lloyds have risen by 124 per cent over the past year, outperforming a 25 per cent increase in the FTSE 100, making it the best performing stock in the blue chip index. The bank is now valued at $66 billion (Dh242 billion), 5:42 AM from Gulfnews Read more »
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Bursa likely to trend higher next week
LUMPUR: Bursa Malaysia is likely to trend higher next week with a mild rebound expected with the FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI). Affin Investment Bank vice-president/head of Retail Research Dr Nazri Khan said the key index would 5/18/13 from The Borneo Post Read more »
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FTSE Shares That Soared and Plunged This Week
Despite being briefly shaken by fears that the Federal Reserve might start softening its stimulus policies by summer, the FTSE 100 has now recorded six straight days above the 6,600 level. Here are three of the week's biggest risers, and one faller. Severn from WalletPop Read more »
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Blue-chips secure 6,700 mark
blue-chips finally secured the key 6,700 level at the third attempt, ensuring the FTSE 100 closed the week at its highest level since October 2007. Helped by better-than-forecast consumer sentiment data from the US, the benchmark index climbed 35.26 points from The Telegraph Read more »
