FTSE Ends Its Losing Streak

The equity markets finally broke their nine-day losing run to end the week on a higher note

Morningstar.co.uk Editors 25 November, 2011 | 5:26PM
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The rise may not be dramatic, but it does suggest that are at least a few buyers still out there to support the market.

The FTSE 100 rose 0.7% to 5,164 in spite of continued political intransigence in the Eurozone. Bond investors remained unimpressed by the news that leaders were negotiating for closer fiscal union. Italian debt yields surged higher after a weak debt auction. The government managed to raise the full £100bn as planned, but at higher rates. The market is still waiting for new Prime Minister Mario Monti to announce his plans for deficit reduction.

There was relatively little corporate news to distract markets and trading was thin at the start of the US thanksgiving weekend. What little news there was firmly focused on the retailers, as ‘Black Friday’ – the start of the US pre-Christmas shopping season - began in earnest.

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Morningstar.co.uk Editors  analyse and report on shares, funds, market developments and good investing practice for individual investors and their advisers in the UK.