View more on these topics


Most of the world&#39s equity markets rose sharply last week, with aggressive buying on Friday afternoon following the release of the latest US employment numbers which came in way ahead of expectations. By the end of the week, the FTSE World index had risen 2.9 per cent, taking its gain since the start of the year to 3.7 per cent.

In the UK, shares ended the week higher, with blue-chip stocks leading the way following a gain of 2.5 per cent for the FTSE 100. It was also another solid week for mid-cap stocks, with the FTSE 250 rising 2.1 per cent, taking its gain since the start of the year to 9.1 per cent. Smaller companies were slightly more subdued, although the FTSE Small Cap index still ended the week 0.5 per cent higher and has now risen 7 per cent since the start of the year.

In the US, equity investors reacted positively to farm payroll figures, which showed 308,000 jobs were created in March. The disappointing numbers from the previous two months were also revised higher.

By the end of the week the Dow Jones was up 2.4 per cent while the S&P 500 had gained 2.9 per cent. However, the best returns were seen in the technology sector, pushing the Nasdaq back through 2,000 for a gain on the week of 4.1 per cent.

Europe&#39s stockmarkets also ended the week with strong gains, with the ECB&#39s decision to leave interest rates at 2 per cent for the 10th consecutive month being more than compensated for by the good economic news from the US. By Friday&#39s close, the FTSE Eurotop 300 ex UK index was trading 3.8 per cent higher, a rise of 5.5 per cent since January.

In Japan, share prices moved modestly higher, consolidating on their recent strong gains, while on the economic front the latest Tankan survey of business confidence rose to its highest level since June 1997. The Nikkei 225 rose by 0.4 per cent, taking its annual gain for the fiscal year ended March 31 to 47 per cent, its best performance for more than 30 years.

Other Asian markets were strong.Taiwan shares rose 6.7 per cent and Hong Kong&#39s Hang Seng ended up by 2 per cent.

In the currency markets, the yen surged to a four-year high against the dollar and to its highest level in four months against the euro.


FSA sets out framework for electronic reporting

The FSA has introduced regulations that will compel IFAs to file regulatory returns electronically and provide detailed information about their firms on a six-monthly basis. The regulator will use the information about firms&#39 financial health and business activities to monitor compliance and identify trends in the sector. IFAs are split over the introduction of the […]

Moneyfacts launches IFA portal

Money facts is launching a web portal for IFAs that will offer an information service and online quotes. The service includes a mortgage sourcing service, which the group says will cover all products from all lenders. The site will give users access to an area that lets them view full commission details, a mortgage compliance […]

Base rate stays at four per cent

The Bank of England&#39s Monetary Policy Committee voted today to keep base rate at 4 per cent for another month.

Virtual Net set to buy up Burns Anderson

Technology IFA Virtual Net is believed to be in negotiations to buy the Burns Anderson network, according to sources close to the discussions. Virtual Net, which has 320 RIs, acquired 170 Eurosure Investment Services advisers last September and is understood to be looking to complete its deal with BA in the next few months. News […]

It’s too soon to write Apple off

By Ali Unwin, Chief Technology Officer & Fund Manager at Neptune Earnings season is noisy in the technology sector and a good quarter does not make a good investment. Numbers that come in marginally ahead or behind ‘market expectations’ are extrapolated to produce narratives showing the rise or fall of companies. Our job as technology […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm