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February 09, 2005
FTSE 100 breaks boundary
The FTSE 100 briefly broke past the 5,000 point barrier today.
This marks part of a general upward trend in UK stocks, that have been rising surely but surely over 2004. It also represents accomplishment of a major psychological milestone.
With falling house prices in the US and UK, and forex highs in South and East Asia, the achievement reflects what has been a generally bullish mood by investors since the start of New Year trading.
The FTSE-100 reached a high of 6,950 in December 1999, before the dotcom bubble burst and stocks slowly plummeted to a low of 3,287 in March 2003.
Posted by at February 9, 2005 10:30 PM
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