Following the market lows in early March 2009, there was a strong rally in UK equities as confidence grew throughout last year over the increasing signs of a recovery despite the economy struggling to leave recession.
UK equities, alongside other developed markets, ended 2009 with strong gains even when allowing for the poor start to the year. By contrast to the end of 2009, there has seen a more mixed start to this year. Initially, the positive feeling continued from last year into January with UK equities rising in the first couple of weeks. However, this situation reversed following President Obama’s statement regarding a crackdown on risk-taking by banks. Unsurprisingly, this saw financials lead other sectors lower while other international newsflow, such as China’s move to tighten monetary condit...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
