Low growth and low inflation will continue

When reviewing the performance of the FTSE All-Share index it is clear an investor bias has been at work. For the year to the end of December 1999, the FTSE All-Share returned 21.2%. For the same period, the telecommunication services sector returned 73.01%, while the electrical equipment sector posted a rise of 120.13%. Therein lies the story of 1999. While we believed UK equities were at the top of their trading range as the festive period approached, the market looks well positioned to resume its ascent as we enter the new year with the rally continuing well into 2000. It seems likely ...