Party like it’s 1999: Can the FTSE stagger to a new record?

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The FTSE 100 was last down around 23 points at 6848.41 but here’s what some analysts were predicting for the rest of the day:

Rebecca O’Keeffe, Head of Investment at stockbroker Interactive Investor:

“Thanks to a perceived softening of the new Greek government’s position on debt forgiveness and economic policy, markets breathed a huge sigh of relief yesterday.

“The question now is whether the positive momentum generated by this shift will be sustainable, or whether markets will once again be held back by any one of the other downside risks facing the world economy in 2015.”

 

Tony Cross, Market Analyst at Trutnet Direct:

“We’re really going to need all the stars aligned if we are to push out to those all time highs of 6950.6.

“Neither the bulk of the earnings we’ve seen today, or the broker notes, have been exceptional, so unless we see some progress on the Greek debt talks – maybe some encouraging noises from the ECB – it’s arguably going to take a bumper start on Wall Street to give London some fresh momentum.”

Connor Campbell, Financial Analyst at Spreadex:

“Despite receiving further good news as communications-giant Sky exceeding analyst expectations to post impressive gains, the FTSE opened relatively flat as it waited for UK services PMI later this morning.

“With forecasts pointing to slight growth, the FTSE could be in for another good day as long as this oil-rally holds out.”

Source Article from http://www.standard.co.uk/business/business-news/party-like-its-1999-can-the-ftse-stagger-to-a-new-record-10022463.html

February 4, 2015 |
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