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UK EQUITY MARKET INSIGHTS

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The UK stock market performed well last week in the face of a series of big falls on the US stock market. The FTSE...
The UK stock market performed well last week in the face of a series of big falls on the US stock market. The FTSE 100 index closed the week at 3,766.8, up 11.2 points, while the US Dow Jones index lost 150 points.

The Conservative Party's latest by-election defeat in South East Staffordshire came as no shock to traders. However, the scale of the Tory defeat was a surprise to some, and it was encouraging that the UK equity market appeared to take it all in its stride.

The FTSE 100 is finding some of its current upward momentum from the continued flow of new money into the market. Dealers put this influx down to the big institutions, who have been pumping resources into the market with the surge in demand for PEPs, (personal equity plans).

The market is likely to be quite vulnerable this week to the raft of domestic economic data published, including retail prices, the public sector borrowing requirement, and employment and wages data.
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