SLI chief Skeoch says FTSE to end year at 6,000

clock

Keith Skeoch, the head of Standard Life Investments, has predicted the FTSE 100 will close the year at 6,000 points, 14% higher than yesterday's closing figure.

Despite a 2.71% London's leading index of shares so far this year, the bullish Skeoch will rebound over the remaining four and a half months of 2010. Speaking to the Telegraph, the respected Skeoch says the FTSE will shrug off the threat of a double-dip recession. "If you look at bond prices across the world, then we think the markets have already priced in slow growth - verging on a double-dip recession - but not deflation," he says. "For stock markets, the situation is the similar, it is not about avoiding recession but deflation. "Also, the FTSE 100 is not just linked to the ...

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 Economics / Markets

Bank of England meets expectations and cuts rates to 4%

Bank of England meets expectations and cuts rates to 4%

Lowest level in two and a half years

Isabel Baxter
clock 07 August 2025 • 4 min read
Think tank warns UK fiscal hole could surpass £50bn by 2030

Think tank warns UK fiscal hole could surpass £50bn by 2030

Government not on track to meet ‘stability rule’

Sorin Dojan
clock 06 August 2025 • 1 min read
Chancellor Khalaf has a plan to make our economy boom

Chancellor Khalaf has a plan to make our economy boom

'So, Sir Keir, if you're reading, I do genuinely hope Rachel is doing okay. And my number's still the same. So, you know, call me'

Laith Khalaf
clock 25 July 2025 • 5 min read