15th August 2011
Analysts believe the UK's benchmark share index will make further gains today (August 15th) after a rally on Friday.
Financial bookmakers have indicated the FTSE 100 is expected to firm by as much as 0.8 per cent, or between 28 and 43 points, following overnight gains in Asia, Reuters reports.
The index finished up by 1.3 per cent last week, pulling back earlier losses, as markets reacted to a new ban on short-selling financial stocks in France, Italy, Spain and Belgium.
In addition, investors' appetite for risk was increased by the US Federal Reserve's pledge to keep interest rates at their current low level until at least 2013.
However, research analyst Ben Potter of IG Markets warned that the overall picture for stock market investing remains unclear.
"The fundamental reasons behind the sell-off are largely still present; Europe is still a basket case and US economic growth is slowing," he commented.
French president Nicolas Sarkozy and German chancellor Angela Merkel will attempt to find a solution to the eurozone's sovereign debt crisis when they meet in Paris this week.
Begin trading today! Create an account by completing our form
At One Financial Markets we are committed to safeguarding your privacy.
Please see our Privacy Policy for details about what information is collected from you and why it is collected. We do not sell your information or use it other than as described in the Policy.
Please note that it is in our legitimate business interest to send you certain marketing emails from time to time. However, if you would prefer not to receive these you can opt-out by ticking the box below.
Alternatively, you can use the unsubscribe link at the bottom of the Demo account confirmation email or any subsequent emails we send.
By completing the form and downloading the platform you agree with the use of your personal information as detailed in the Policy.