Market update.

19th September 2011

Ian Copelin, Investment Director, my wealth comments on the recent changes in the Market.

“Global equity markets advanced strongly this week as European officials met in Poland to discuss how they can expand the new bailout fund for the euro area – the FTSE 100 index rose 30.87, or 0.58% to 5,368.41 today (Friday 16 September 2011), bringing this week’s advance to 2.95%. In the US, the S&P 500 index recorded its third – biggest weekly gain since 2009, climbing 5.35% to 1,216.01 over the week and in process, trimming its 2011 loss to 3.31%.

Global markets were boosted after the German Chancellor – Angela Merkel and French President – Nicolas Sarkozy reaffirmed that Greece will remain a member of the euro and the European Central Bank announced coordinated measures with the Federal Reserve to ensure euro – area lenders have enough dollars.”