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Article: Databank.(Financial Product Reference)
- Article from:
- Money Marketing
- Article date:
- July 15, 2004
CopyrightCOPYRIGHT 2004 Centaur Communications Limited. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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INVESTMENT ANALYSIS
It was a disappointing week for equity investors, with most of the world's stock-markets drifting lower due to higher oil prices and some disappointing earnings' announcements from the US technology sector. By the end of last week, the FTSE World index was trading 0.7 per cent lower, having gained 1.2 per cent since the start of the year.
Having risen by 0.25 per cent in May and June, UK interest rates were left at 4.5 per cent last week, which was no surprise to financial markets. However, it was subdued week for equities and although the FTSE 100 broke a run of seven consecutive days of losses on Thursday, the index still ended the ...