Out of Wall Street's shadow
Article Abstract:
United Kingdom equities have underperformed those of the US for the five years to Mar 1999, but this could change. The FTSE All-Share has performed slightly better than the S and P 500 since Jan 1999, and UK equities are cheaper than those of the US. The UK economy may show stronger growth than the US in 2000, and UK interest rates look more likely to drop. Demand for stocks may also be stronger in the US. Rising US bond yields may contribute to a better performance for UK equities, though they may simply fall less rapidly than those of the US.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1999
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Beyond the Footsie's summertime blues
Article Abstract:
The FTSE 100 index has shown a fall. The UK stock market faces four problems, valuations above historical averages, low liquidity and net selling by pension funds, a possible rise in US interest rates, and pressure on profit margins. The longer term outlook could be better, though the outlook for 1999 may not be good. It is difficult to time changes in the market, so there is a case for retaining equities, despite the short-term problems.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
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