UK stock market powers ahead again
The UK stock market has today pushed beyond the 5150 barrier as investors again latch on to optimistic economic data and comments from various companies. Despite the fact only a few days ago there had been indications that investors were running out of steam, the market has picked up again and appears to be going from strength to strength.
However, it is also worth remembering that a number of negative comments have also been released regarding the UK economy, with specific attention drawn to the latter part of 2010 which is a time when some analysts expect the economy to fall back. The situation is also further complicated by the forthcoming general election which many people believe will bring in a new government and a new style of economic management.
While it has to be said that the UK stock market has powered ahead over the last few months, there is also feeling that the underlying strength of the recovery may not be as deep as some people assume. We have in the recent past seen a number of disappointing company results and comments on the future which have, at least for a short period, unnerved some investors. Those who believe the worst is well and truly over and the skies are blue may well be in for a surprise!
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