FTSE 100 closes higher despite yet more recession signals

Published by
City AM

By Jack Barnett London’s FTSE 100 finished higher today despite yet more data signalling the UK is on a one ticket to recession. The capital’s premier index climbed 0.17 per cent to 7,465.24 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, jumped 0.4 per cent to 19,500.5 points. Traders seemingly shrugged off a fresh purchasing managers’ index today that revealed the UK private sector economy is still shrinking. The flash PMI for November inched ever so slightly higher to 48.3 points from 48.2 in October, meaning it has now…

Read More