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FTSE 100 gains three per cent following October 4th low

FTSE 100 gains three per cent following October 4th low
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People forming trading strategies may be pleased to learn that since the FTSE 100 reached a low of below 5,000 points on October 4th, it has gained three per cent.

Experts forecast that the index will rise by between 51 and 54 points today, which represents an advance of up to one per cent on Friday's (October 14th) close.

The performance of the UK's stock market is likely to be influenced by economic data set to be released later this week, such as the September inflation figures, public sector finance data and retail statistics, Reuters asserted.

On Friday, the FTSE 100 improved by 1.2 per cent to close at 5,466.36, which marked the first day since August 3rd on which it has ended above the 5,450-point mark.

Recent improvements may be attributable in part to the pledges by European leaders to develop a plan of action to cope with Greece's debt crisis by the end of the month.

Last week, it was revealed that a meeting is set to take place on October 23rd to finalise a "comprehensive strategy" to tackle the issue.

Posted by Greg SeckerADNFCR-1681-ID-800759981-ADNFCR