FTSE-100 climbs for a fourth day.

28th September 2011

Ian Copelin, Investment Director, my wealth comments, “What a difference a few days make!

Last week more than $3.5 trillion was wiped from equity values globally amid concern policy makers were struggling to contain a debt crisis that has Greece on the verge of a default.

This week, sentiment in equity markets has changed markedly – investors have become increasingly confident that European policy makers will now reach an agreement to successfully contain the debt crisis.

As a result, yesterday the FTSE 100 index had its best day for 16 months and is today, currently (11.46am) enjoying its fourth day of consecutive gains, extending its advance to 4.6%.”