FTSE 100 follows 33-month low to close 117 points up at 5403

The UK's benchmark index the FTSE 100 ended an eventful week by climbing 117 points to 5403.1 and is just 16 points up on last Friday's closing figure having hit a 33-month low of 5275.7 on Wednesday. However perhaps a little alarming for investors is the last time the market was close to this week's low was 26 October 1998 when the market stood at 5231.5. However the bad news for investors today is that then the market was in recovery from its 5 October low of 4648.7. There can surely be no doubt now that a recession is nigh, but try convincing the City of that or financial journali...