By Haydn Davies is an economist at BGI The UK market has looked more and more despondent in rece...
By Haydn Davies is an economist at BGI The UK market has looked more and more despondent in recent weeks. Not even at the turn of the year, when the economy was coming perilously close to recession, was the UK market so downhearted. The truth is that although times could be better, there is no crisis. Market sentiment was knocked first by the scandal surrounding Enron. And then WorldCom's admission that it had dressed up its accounts gave investors cause to ask whether they could believe anyone on Wall Street. With the US stock market setting the mood for all the world's m...
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