On Tuesday the FTSE 100 index reached price levels last seen at the top of the tech bubble.
This has grabbed some attention in an investment media always hungry for content, and it is the type of headline that appeals. It is factually correct (which always helps) but… Read the article
A Bloomberg headline yesterday provided the breaking news that the “ECB Bolsters Economic Recovery”. The article covers the latest European Purchasing Managers’ Index (PMI) numbers from Markit Economics, which indicate expansion in much of the Eurozone.
We believe the longer-term trend in European PMIs is a reasonable indicator… Read the article