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June 28, 2013

London’s FTSE sees a return to risk

The final trading day of the second quarter started with gains, and London’s FTSE 100 looked to be heading for one of its biggest weekly advances of the year.

There were signs on the leaderboard of a potential return to risk, with both financial and resource stocks in vogue as investors continued to track the outlook for stimulus in the US and weigh a mixed set of fresh data from Europe.

“Schroders, the fund manager, climbed 2.5 per cent at £22.09, helped by positive comment from Exane BNP Paribas. The broker lifted its rating on the shares to outperform from neutral.

The better conditions on Asian equities markets in the latter half of the week have helped fund managers generally. Aberdeen Asset Management was up 1.2 per cent at 389p.”

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Read full Financial Times article here

 
 
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