|
|
Article: MARKET VIEW: Theme perks.(economic growth of United Kingdom is mainly due to consumer behaviour)
- Article from:
- Money Marketing
- Article date:
- November 24, 2005
- Author:
CopyrightCOPYRIGHT 2005 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)
|
Moderate growth in the UK market has been driven mainly be takeover activity and speculation
After strong returns in 2003 and 2004, the UK market looks set to make further gains in 2005, with the FTSE All-Share index rising by 16 per cent so far this year. But we believe the reasons for these gains are less clear-cut than in the past two years and have implications for investment decisions in 2006.
It is often said that the stockmarket is a reflection of the economic situation and outlook. The global picture appears positive, with US growth still above trend and even Europe and Japan showing signs of recovery. But there are headwinds to growth, ...