Just another day on the stock market
As the UK market continues to take in the differing opinions and results during the UK bank reporting season, an unexpected fillip was received today with positive news on the US jobless data. The better-than-expected figures in the US indicate that the economy is turning with 9.4% now unemployed against 9.5% just last month. This is the first drop in unemployment since April 2008 and was received with great glee by investors on both sides of the Atlantic.
There is no doubt that the data would seem to indicate a less than depressed US economy although ultimately we have seen significant volatility over the last few months on differing reports about the UK and the US economies. Today's good news could be overshadowed by tomorrow's bad news and vice versa with investors very much undecided as to the short-term direction of the UK and US economies.
If you're looking to invest into the UK stock market, particularly in the current volatile environment, it is essential that you take professional advice to ensure that any potential investments are aligned with your investment strategy and criteria. There is no easy way to make money on any stock market or any investment market and those who believe otherwise could be nothing more than cannon fodder in the future.
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