Saturday, 10 April 2010

Hung parliament keeping markets hanging

With the Torys on 306 seats, Labour on 258 and the Lib Dems on 57 we are presently in a state of hung parliment, before the election the Conservative warned of the effects on the economy but what has happened?
As we became closer and closer to a hung parilment the FTSE 100 fell more and more. The FTSE started on 12 April at just under 5800 but by the 4 may it had fallen to just over 5400. At the start of the 10th of may the FTSE was around 5125. This would imply that the hung parilment is hurting stocks but there are other factors, by 8:45am the FTSE had jumped to 5350, why? A euro stablizing fund has raised the FTSE but over all it is on the fall.

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