CITY VIEWS: WILL THE RUNAWAY FTSE?100 SUSTAIN ITS GROWTH TO TOP 5,000 POINTS?
CHRIS METHERELL BBVA
“I think we are in for a period of consolidation, with markets staying at more or less the levels they are at now. They should stay there for an extended few weeks, and then rise more gradually as the economic environment improves. There will be no other upward bursts over the next few days.”
PETER HOLOWKA UNICREDIT
“We are going to see the FTSEstabilise heading into the end of the year. It will stabilise with a slight upward bias from now. There may be a slight correction but we are not going to revisit the lows seen earlier in the year. But the rallies that we have seen are going to come to an end.”
CALUM MACINNES FOX-PITT KELTON
“The markets are going to drift sideways to downwards from now. They could hit 5,000 as there are some big institutional fund managers who need to increase their weighting. There is also going to be a lot of capital raising that could be used by the fund managers to enter markets.”
IAN KING SPA3
“Things are still uncertain at the moment but I do think there is going to be some kind of sell-off. If the FTSE100 was to hit 5,000 it would be quite significant as the margin between theDow and the FTSE would have grown quite large. What the FTSEdoes will always depend on the Dow.”