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.
The FTSE 100 has slid more than 2% lower this afternoon after US markets suffered even sharper losses in early Wednesday trading.
European markets are in retreat this morning on fresh fears for global growth sparked by a gloomy outlook from the US Federal Reserve.
US stocks opened sharply lower today as investors await a crucial statement from the Federal Reserve which could signal further quantitative easing measures.
The FTSE 100 opened strongly at the start of the week, boosted by Friday's late rally on Wall Street and positive corporate news.
The FTSE 100 has fallen sharply this afternoon on news 131,000 jobs were shed in the US last month.
The FTSE 100 opened in positive territory as strong results from majority-nationalised bank RBS crowned off a largely impressive results week for the UK banking sector.
The FTSE fell in early trading in reaction to losses on Wall Street overnight and a weak opening in European markets.
Incapital Europe has unveiled its new Digital Growth plan, the third since its acquisition of Blue Sky Asset Management in July.
Gilliat Financial Solutions has introduced a new kick-out product in its latest suite of plans.