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Why did the markets go up so much?

135

Comments

  • brendon
    brendon Posts: 514 Forumite
    I don't know how people are attributing this to US jobs data rather than the general election. If you look at futures markets, things started moving as soon as exit polls come out and throughout the night. By comparison, the US jobs data hardly moved the FTSE 100.
  • chronicsaver
    chronicsaver Posts: 113 Forumite
    brendon wrote: »
    I don't know how people are attributing this to US jobs data rather than the general election. If you look at futures markets, things started moving as soon as exit polls come out and throughout the night. By comparison, the US jobs data hardly moved the FTSE 100.

    This is true.

    I attribute the move more to the general election, but suffice to say if US Data came in weak it would have had FTSE going the other way.

    But jobs data was definitely the cause for all rallies across europe.
  • SeniorSam
    SeniorSam Posts: 1,673 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Simply confidence that the country is in good hands and can operate efficiently, without the former restrictions of having to rely on others. It will get better.
    I'm a retired IFA who specialised for many years in Inheritance Tax, Wills and Trusts. I cannot offer advice now, but my comments here and on Legal Beagles as Sam101 are just meant to be helpful. Do ask questions from the Members who are here to help.
  • Glen_Clark
    Glen_Clark Posts: 4,397 Forumite
    brendon wrote: »
    I don't know how people are attributing this to US jobs data rather than the general election. If you look at futures markets, things started moving as soon as exit polls come out and throughout the night. By comparison, the US jobs data hardly moved the FTSE 100.

    So why did the Eurofirst 300 rise by more than the FTSE 100?
    “It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair
  • Glen_Clark
    Glen_Clark Posts: 4,397 Forumite
    SeniorSam wrote: »
    Simply confidence that the country is in good hands and can operate efficiently, without the former restrictions of having to rely on others. It will get better.
    .. and the other countries whose stock markets rose more than Britain?
    “It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair
  • NewKidOnTheBlock_2
    NewKidOnTheBlock_2 Posts: 48 Forumite
    Maybe it has a knock on effect? A lot of world business is conducted through London. This paired with US jobs data probably caused markets world wide to go up just due to confidence in the world markets perhaps?
  • Glen_Clark
    Glen_Clark Posts: 4,397 Forumite
    If its a knock on effect then it must be The rise in Europe knocking on to Britain, because their stock markets rose more than ours.
    “It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair
  • Mistermeaner
    Mistermeaner Posts: 3,024 Forumite
    Part of the Furniture 1,000 Posts
    edited 9 May 2015 at 2:10PM
    Too many factors at play to look at it so simplistically
    Left is never right but I always am.
  • SeniorSam
    SeniorSam Posts: 1,673 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Glen, pesimism will always get you what you deserve, but I'm sure you have a contradictory answer for that. Just be happy with you lot and thankful that the markets are going in the right direction and will probably continue for a while yet.
    I'm a retired IFA who specialised for many years in Inheritance Tax, Wills and Trusts. I cannot offer advice now, but my comments here and on Legal Beagles as Sam101 are just meant to be helpful. Do ask questions from the Members who are here to help.
  • Glen_Clark
    Glen_Clark Posts: 4,397 Forumite
    SeniorSam wrote: »
    Glen, pesimism will always get you what you deserve, but I'm sure you have a contradictory answer for that. Just be happy with you lot and thankful that the markets are going in the right direction and will probably continue for a while yet.

    I asked if you had anything to support your assertion that the FTSE rise was due to the UK election result - when the rest of Europe rose by more than Britain.. Since you changed the subject without answering I can only assume the answer is 'No'
    “It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair
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