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FTSE on course for biggest weekly rise for nearly four years

Discussion in 'Market News' started by Lily, Oct 9, 2015.

  1. Lily

    Lily Forum Member

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    Optimism that US Federal Reserve will not raise rates lifts global markets

    Leading shares are on course for their biggest weekly rise for nearly four years, with stock markets buoyed by the hope that central banks will continue to support a struggling global economy.

    A week ago weaker than expected US jobs figures convinced traders that the Federal Reserve was unlikely to raise interest rates this year and overnight, minutes from the September meeting seemed to go along with that belief. The meeting - which took place before the poor employment data - showed the Fed concerned about low inflation and the global slowdown in the wake of China’s problems.

    The Confused Towers Watson Motor index was published this morning showing some further signs that UK motor rates continue to rise, reflecting a gradual turn in the UK motor cycle. Rates increase by 4.8% quarter on quarter bringing the year on year rate trend to a positive +8.1%. This...will start to earn through into the insurance industry’s earnings in the second half of 2016 and fully in 2017.

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