At lunchtime the FTSE 100 UK share index is down 0.38%. It was higher, but still negative on the day.
We should expect it to gradually
slide in the months ahead as investors are still nervous about Greece,
the EC, China and the world economy at large. It always bounces back,
although this could take years.
My expectations this year? I think it
will fall to around 5000 then bounce back to 6500. Of course I am only
guessing and it could end up anywhere between 4000 and 7000.
I suspect there will be a bounce if we vote to stay in the EU in the summer. If we vote to leave, I suspect the pound and the FTSE 100 will lose value.
If you watched that program last night with Robert Peston in China, one Electronics company that employed 3800 people hadn't paid its workforce for 2 months, and the boss went on the run, the State had to step in and pay the work force in the end..
ReplyDeleteBut as that went bust with others, most of the work force we were told that labour had been halved in most factories in China, so expect more doom & gloom soon!
73 Steve