Stephen Fine says a combination of better GDP numbers and signs of falling inflation is helping sentiment in stock markets improve
Mr Fine pointed to floating a Raspberry Pi earlier this week that Peel Hunt was working on as evidence of improved sentiment. The shares jumped almost 40% on the opening day.
National Grid's £7 billion share raise, its biggest in a decade, and subsequent sales of shares in Haleon and the London Stock Exchange group are also evidence of this. about a healthier London market, Mr Fine said.
Peel Hunt warned last year that parts of the market were stuck in a “doom loop”.
Low prices meant there were fewer investors bought shares, which led to a further drop in their prices. At the same time, overseas investors used the UK “discount” to buy British businesses on the cheap, meaning they had fewer shares.
Peel Hunt warned that the small company index could collapse. in the UK by 2028 if the downturn continues.
Mr Fine said a combination of better GDP figures, signs of easing inflation and expectations of lower interest rates contributed to improved sentiment in stock markets.
Recent Comments