UK bearish as FTSE falls

Professional Adviser
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continued from page 1 The year-end index levels should be around or slightly above the current le...

continued from page 1 The year-end index levels should be around or slightly above the current levels, according to Justin Chillingworth, deputy chief investment officer at Rathbones. He said: 'Our overall view is cautious as there is a fair degree of bad news on the earnings front from the US and Europe. 'The market has been oversold so there could be a short, sharp bounce in the next few weeks but this will just be a rally in a bear market. We would expect a possible sustained rally in first quarter next year.' Expectations of a V-shaped recovery in the US have now been modified t...

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