Investors call 'peak pessimism' for beaten-up UK stocks

LONDON, Sept 13 - Long-term gloom about Britain's economy appears to be lifting and some big investors reckon the end of extreme pessimism is near, with gains ahead for UK-focused businesses and the more international but long-shunned FTSE 100.

Yet, the economy has not entered recession as feared and official statisticians have sharply upgraded data to show the UK recovered earlier from COVID-19 than previously thought. UNDERPERFORMER A cumulative 76 billion pounds has flowed out of UK equity funds since 2016, data provider Morningstar said, with the bulk of outflows in the last three years. Global equity funds tracked by Morningstar have had 507 billion pounds of net inflows since 2016.

The FTSE 100, trading on a price-earnings ratio of 10.5 times compared to 12.5 times for the wider Stoxx Europe 600 , presented"a real opportunity because you are buying at a discount," Walker said. Pay rises, said Pantheon Macroeconomics Chief UK Economist Samuel Tombs, mean British households can"maintain their current level of real expenditure under any plausible scenario for official interest rates."

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Investors Have Cornered 30% Of Canada’s Homeownership Market Says BoCCanadian home prices have soared to new heights over the past couple of years, and the Bank of Canada (BoC) says that 'strengthened demand' from investors is partly to blame. In a quarterly update published on Friday, the bank attributed 30% of mortgaged home purchases in Canada to investors as of t...
Fuente: storeyspub - 🏆 16. / 74 Leer más »

Investors need to remember that market see-saws always have two endsThere are many opportunities ignored by investors chasing the Magnificent 7 stocks and AI themes. Read more.
Fuente: financialpost - 🏆 7. / 85 Leer más »

Investors need to remember that market see-saws always have two endsThere are many opportunities ignored by investors chasing the Magnificent 7 stocks and AI themes. Read more.
Fuente: fpinvesting - 🏆 43. / 63 Leer más »

Stock futures dip in countdown to key CPI data: Stock market news todayAugust's Consumer Price Index inflation report is a key data point for the Fed when it decides on rates policy next week.
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »

Stocks gain amid hopes for soft landing: Stock market news todayUS futures moved higher on Monday as investors weighed Janet Yellen's upbeat remarks on the US economy and as Tesla surged.
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »

Stocks jump amid hopes for soft landing, Tesla surges: Stock market news todayWall Street stocks jumped early Monday, as upbeat Chinese data and comments from Janet Yellen fueled hopes for the world's two biggest economies.
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »