The UK FTSE has been inundated with a deluge of bad news over the last 1-2 years but this week the index finds itself only 4.4% below its all-time high, a great advert for not reading the press! We often discuss the strong correlation between the ASX & FTSE, due to the indexes’ composition, and their almost exact approach to testing respective all-time highs is another perfect example.
- We still believe the UK FTSE and broader region European EURO STOXX can break/test their post-Covid/all-time highs into Christmas – no longer a big call.
MM remains bullish on European equities into Christmas
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