The FTSE 100 had a good run in March but April proved to be a rocky ride for the index. Even so it still managed to end the month higher than it started and in fact was only some 409 points behind the all time high of 6,930.20 reached in December 1999 - unlike the Dow Jones Industrials which is already on new all-time highs. This bullish trend of the FTSE has been reached against the release of unimpressive economic statistics.
| Investors Chronicle Confidence Index | |||
|---|---|---|---|
| Month | April | March | February |
| Index value | -28 | -29 | -27 |
Once again half of the constituent factors for our Confidence Index failed to lift off from their lowest scores possible. The remainder turned in low negative scores apart for the retail prices index factor which stayed on +1 so the one point jump was down entirely to the improvement in the sunshine anomaly factor even though it was recording a -2 score.
Confidence is moving in the right direction
Source Investors Chronicle
