Investors remain worried about market momentum

Investor confidence in the UK has hit a three-year low, according to JPMorgan Fleming. In a recent company survey, 53% of investors sampled believed the stock market would be lower in six months. That compared to 48% after the 11 September terrorist attacks. Just 21% were confident the market will have recovered in six months and 26% were undecided about the future. Peter Brewster, head of market research, said: 'Clearly worries about war with Iraq, which have contributed to the FTSE100 recently hitting a fresh seven-year low, are continuing to dampen investor enthusiasm for...