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Post by DunnetHeadMoonraker on Jul 3, 2019 18:38:31 GMT
Today the FTSE 100 index closed at just over 7600. At the start of 2019 the FTSE 100 index was under 6700. I would have thought that with all the concerns expressed by various industries about Brexit that all the political and financial uncertainties would have had a negative effect on the FTSE 100 index. With the planned closure of Ford at Bridgend and Honda at Swindon, the collapse of the Carillion construction company and the uncertainties about major infrastructure projects such as HS2 and the third runway at Heathrow then surely this affects confidence in the national economy.
So why is the FTSE 100 index booming ?
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Post by sheikhmomo on Jul 3, 2019 18:46:33 GMT
Today the FTSE 100 index closed at just over 7600. At the start of 2019 the FTSE 100 index was under 6700. I would have thought that with all the concerns expressed by various industries about Brexit that all the political and financial uncertainties would have had a negative effect on the FTSE 100 index. With the planned closure of Ford at Bridgend and Honda at Swindon, the collapse of the Carillion construction company and the uncertainties about major infrastructure projects such as HS2 and the third runway at Heathrow then surely this affects confidence in the national economy. So why is the FTSE 100 index booming ? It's actually reflective of poor economic data and a weak pound if you dig into it. This particular hike is in response to Carney's downbeat assessment of a no deal the other day. One thing you can 'bank' on is that whatever happens, some people will always have the correct side of their bread buttered. |
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Post by harryburrows on Jul 3, 2019 18:49:56 GMT
Today the FTSE 100 index closed at just over 7600. At the start of 2019 the FTSE 100 index was under 6700. I would have thought that with all the concerns expressed by various industries about Brexit that all the political and financial uncertainties would have had a negative effect on the FTSE 100 index. With the planned closure of Ford at Bridgend and Honda at Swindon, the collapse of the Carillion construction company and the uncertainties about major infrastructure projects such as HS2 and the third runway at Heathrow then surely this affects confidence in the national economy. So why is the FTSE 100 index booming ? Whenever the £ loses value the stockmarket rises . The reason being many of the footsie 100 companies make a lot of profit in overseas markets , in euros , dollars , yen etc Thus increasing profits and share value on the back of more favorable exchange rates |
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Post by wizzardofdribble on Jul 5, 2019 18:21:15 GMT
Strong oil prices and a falling pound have pushed the FTSE up but it was 7,900 points in 2018.
It has risen from relatively low levels.
Of course people who have the money (lots of it) to 'short' shares..make money when the FTSE falls as well.
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Post by franklin66 on Jul 5, 2019 18:25:39 GMT
Brexit.
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Post by corkster on Jul 6, 2019 0:11:31 GMT
Low interest rates
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