Word of the week

With March taking the FTSE 100 up above the 4,000 mark again there was talk of a return in the equity markets. What’s more the Dow Jones had its largest monthly rally since 2003! The ‘historic’ G20 doesn’t seem to have had any immediate effect on commercial confidence however, especially in the UK where job cuts are increasing and our flagship FTSE drifting below 4,000 again. Last month is ever more firmly stamped as a ‘bear market rally’ so the next bounce will need to be a little higher for equities to lead the way out of the recession.

Jack