Trades and observations from a British contrarian stock investor

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Wednesday, March 17, 2010

U.K. FTSE 100 finishes at 21 month high

The FTSE 100 finished at 5,645, up 24 points for the day and the highest level for 21 months as commodity stocks went higher on the weak dollar and Goldman Sachs predicted strong demand for raw materials. Ben Bernanke's statement that U.S. interest rates were likely to remain low for some time, has pressurised the dollar and driven commodity prices higher as their price in set in U.S. dollars.
Posted by Contrarian Investor UK at 7:32 PM
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