Can the FTSE 100 break 7,000 this year?

Can the UK's largest index by market cap break 7,000 this year?

clock • 4 min read

Rebecca Jones asks advisers whether the UK's flagship index will find the strength and momentum to outgrow its smaller peers in 2014.

Ian Brady Cio, Oaktree Wealth Management The FTSE 100 would need to advance a little less than 4% from its 2013 year-end close to breach 7,000 in 2014. Thus, even with a multiple contraction due to US tapering and/or UK interest rate fears, this magnitude of advance does not seem improbable. The FTSE 100 has been the laggard index of the last two years, significantly trailing the FTSE All Share and truly being left in the dust by the small- and mid-cap indices. This makes it significantly cheaper than other smaller indices on a price to earnings basis. Those with long memories will ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

Bank of England meets expectations with 25 basis point rate cut to 4.75%

Bank of England meets expectations with 25 basis point rate cut to 4.75%

'Continued progress' on disinflation

Valeria Martinez
clock 07 November 2024 • 2 min read
'Budget will be a reset for our economy' Reeves tells IMF colleagues

'Budget will be a reset for our economy' Reeves tells IMF colleagues

Autumn Budget on 30 October

Linus Uhlig
clock 24 October 2024 • 2 min read
Advisers urged not to let clients 'act too soon' ahead of Budget

Advisers urged not to let clients 'act too soon' ahead of Budget

Communication is about ‘staying calm and keeping clients focused’

Isabel Baxter
clock 22 October 2024 • 5 min read