Market Report 14 April 2009

Review of the Week

A quiet week was had on the FTSE last week. Even the anticipation of the Bank of England meeting  to decide interest rates now creates little excitement as there is not
much more they can do. The only surprise was that interest rates remained unchanged at 0.5%, the first time they had remained unchanged in meetings.

The FTSE 100 gave up ground over the 4-day week and closed down 46 points to finish below the 4,000 level at 3,983. The Dow Jones did however manage to post a gain for the
week and close at 8,082.

In the Far East, the Hang Seng continued its recent run of good form and added a further 2.5% to close at 14,901 and the Nikkei added well over 200 points to close at 8,964.

The Week Ahead

A very quiet week ahead again, as there only trading statements due from Experian, Rio Tinto and SAB Miller.

The Share Centre opinion provided by Nick Raynor, Investment Adviser at the Share Centre and is not intended to constitute an offer or agreement to buy or sell investments.

Moneyextra.com recommends you take independent financial advice before acting on any article

2009-04-15 10:50:17 © Moneyextra.com