Almost two-thirds of Barclays Stockbrokers investors believe the FTSE will rise over the next three months.
The broker reports a 58:42 buy to sell ratio amongst its stockbrokers although the US sub-prime mortgage crisis continues to weaken the markets.
Just 25% of Barclays Stockbrokers investors believe the exchange will fall as the bank reports a 58:42 buy to sell ratio amongst its stockbrokers.
Henk Potts, equity strategist at Barclays Stockbrokers, says: “We believe the underlying medium-term picture looks much brighter than current valuations suggest and anticipate that shares will rise 15% over the next 12 months.
“Global growth remains strong, corporate profitability continues to outperform market expectations and company balance sheets still look healthy. Investors who click the buy button now should be rewarded handsomely for their bravery.”
Yesterday the FTSE opened at 6183.5 after dropping 36.6 points, or 0.59%.
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