Hobson: FTSE 100 Will Hit 8,000

THE WEEK: The FTSE 100 will edge higher, says Morningstar columnist Rodney Hobson, but it is getting harder and harder to find good investment opportunities

Rodney Hobson 26 January, 2018 | 10:04AM

the bull market will continue says Rodney Hobson

We all know forecasting is a mug’s game and, as I have written many times before, the further out you forecast the more likely you are to be thwarted by some entirely unforeseen event. As a small nod to caution, I try not to make forecasts for the new year without at least seeing what sort of start we make to January.

On the whole, not a bad one. At home, the pound has edged higher, especially against the weaker dollar; unemployment has fallen again; wage rises are pushing higher just as inflation may have peaked; government borrowing is shrinking; manufacturing continues to enjoy buoyant order books. The devastation caused by the collapse of outsourcing group Carillion has been minimised by rivals picking up the pieces, although it will be keenly felt by its subcontractors and there will inevitably be some knock-on effect.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Kier Group PLC76.45 GBX3.94

About Author

Rodney Hobson

Rodney Hobson  is a columnist for Morningstar.co.uk and author of several investing books, including The Dividend Investor and How to Build a Share Portfolio.

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