It’s been a significant week on UK share markets. The FTSE 100 rocketed back through 7,000 points for the first time in 14 months on Friday as market confidence swelled. Meanwhile the FTSE 250 mushroomed to uncharted heights a whisker off 22,600 points.
With this psychologically- and technically-important barrier down I think the FTSE 100 could now head for the stars. Strong US and Chinese economic performance has underpinned this new bull market. And my optimism on further gains is shared by UBS Global Wealth Management’s chief investment officer, Mark Haefele, for one. He comments that, “As the economic reopening accelerates in the coming months, we believe the bull market remains on a solid footing.”
A FTSE 100 stock on my shopping list
Remember, though, that investor confidence remains extremely fragile as the coronavirus emergency worsens in large parts of the globe. UK share prices could reverse sharply … Read more