Market Roundup
The FTSE 100 Index rose 0.4% on Monday, extending its run towards the key 7,000 level as global markets neared or reached record highs.
The index was pushed higher by commodity stocks and a rising oil price amid hopes that OPEC will impose a production freeze at its September meeting. Royal Dutch Shell and BP were obvious beneficiaries. The generally positive mood was helped by JP Morgan Cazenove reinforcing its “overweight” stance on the FTSE 100, describing it as a “defensive” investment with high yields and a strong correlation to emerging markets. The weak pound benefits the index, with 72% of constituents’ earnings coming from overseas.

Full article – Week in Perspective – 19th August 2016 (PDF)

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