UK equities: going down
Article Abstract:
Goldman Sachs sees a possible drop for the FT-SE 100 to 3400 by year-end 1996. There are a number of factors that could affect the market, such as a rise in bond yields, political risks, and changes in interest rates. UK interest rates appear to have reached their trough and rates are likely to rise following an election. There are risks from too loose fiscal and monetary policy prior to the election, and other risks such as higher taxes on companies if the opposition Labor party wins an election.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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UK equities: a bear market
Article Abstract:
UK share prices have risen in 1995 and 1996, but not as much as share prices elsewhere. There is concern that the UK economy could be inflation prior to an election, and that interest rates would have to be raised after the election. Fund managers have reduced the weight of UK equities in their portfolios and further reductions are likely. UK shares may be partly protected by bearish views. US equities appear more vulnerable than UK equities to changes in the views of investors.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
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