FTSE 100 investments hit six-year high

Wed, 18 Apr 2007

Confirmation that the FTSE 100 hit a six-year high has been welcomed by an investments analyst.

This week, it was revealed that the share index broke through the 6,500 barrier, in spite of recent concerns about the impact of global share price fluctuations at the end of February 2007.

On February 27th, the FTSE 100 dropped a full 2.31 per cent to 6,286.10 amid concerns about the security of shares in Chinese markets.

Now, Edward Menashy, economist at investments company Charles Stanley, has welcomed news of the milestone.

"The resurgence of the UK and European stock markets to capture the lost ground forfeited after the February setback sends out the message that the prospect for a recession has significantly reduced," he said.

Moreover, the investments organisation pointed out that, should the share index hit 6,574, the FTSE 100 would have doubled its lowest ebb of 3,287 recorded in March 2003.

The FTSE 100 was originally a joint venture between the Financial Times newspaper and the London stock exchange.

It is now run independently as a means of tracking investments in 100 of the UK's largest listed companies.

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