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January 01, 2005
UK shares end year on high
Shares on the FTSE-100 ended 2004 on a high of 7.5% compared to the start of the year, despite heavily losses on the index in the summer when a combination of rising oil prices and interest rate rises took the wind out of the sails of the shares trading markets.
As reported by the BBC in UK shares end year on high note, market expectations are of gradual but undramatic growth over 2005 across the UK and other European stock exchanges.
However, continuing depreciation in UK & US housing market values could see investors selling out of property on rich gains, and reinvesting in stocks, especially where oil-powered inflation may threaten further interest rate rises from the Bank of England.
Posted by at January 1, 2005 07:37 PM
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