Despite a slight rally, UK equity markets appear set for another difficult quarter
The UK equity market is on course for its fifth quarter of negative returns in the past 18 months. From 1 April to 26 June the FTSE All-Share has returned -0.23%, although this was superior to the -8.35% achieved in the first three months of 2001. The only quarter in the past six when the All-Share has produced positive returns was July-September 2000 when it returned 0.71%. According to Lipper, which has looked as far back as 1987, this is the longest period in which the UK market has produced such consistent negative returns. The All-Share's quarterly performance is worse than that...
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