FTSE regains composure - weekly market report

clock

Monday started out as Thursday and Friday had ended last week, as the FTSE 100 index continued its slide below 4,400 and issues such as Shell's missing oil reserves drove investors to the sidelines.

However, confidence did return in drips and drabs, sending the index up on three of the five trading days this week, helping support the 4,400 level at which the index traded as of midday today. Today also saw the much-maligned insurance sector somewhat vindicated after Aviva announced its operating profit should beat expectations when it next reports major results, sending institutions everywhere scrambling to boost the weighting of insurance stocks in their portfolios. Some may even harbour hopes of a dividend payment recovery at Aviva, while others have already expresses hopes of a...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on uncategorised

Building Society-owned Newcastle Financial Advisers acquires Openwork firm

First of a number of acquisitions

Hannah Godfrey
clock 09 December 2019 • 1 min read

Bond managers fear hedges being undermined as liquidity dries up

The recent sell off in the bond market and growing liquidity issues have forced bond investors to use similar hedging techniques, undermining their effectiveness and causing concerns about how much downside protection funds really have.

Anna Fedorova
clock 03 July 2013 •

Police launch investigation into mortgage middleman fined £1m

West Midlands Police have launched a fraud investigation into a Birmingham financier over his role in sale and rent back agreements.

clock 25 June 2013 •