Private Investor's Diary Portfolio 

Private Investor Diary: My 10-stock experiment

Private Investor Diary: My 10-stock experiment

Another month of low volatility with most equity markets making further progress. The S&P 500, up 1.8 per cent, closed within a whisker of its 26 July high. In other markets, the Hang Seng gained 6.1 per cent and is up 25 per cent this year and India gained 5.2 per cent (22 per cent this year). The Nikkei 225 was down just 0.5 per cent but the German Dax, suffering I think from the sustained rally of the euro, was off 1.7 per cent. The euro has had quite a run, especially against the US dollar, with its 3.4 per cent gain in July extending its rise this year to 12.7 per cent. Sterling, stuck in the middle, dropped 2.1 per cent against the euro, (to 1.1163) but gained 1.3 per cent against the US dollar, to 131.97. The FTSE All-Share (Total Return) Index was up 1.2 per cent.

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