FTSE Ends Week With £38 Billion Rise

Sunday, 30th December 2018

The US markets also made some gains on Friday, following a choppy trading period for them. In Europe, the French and German markets were also strong.

Some of the best performers were the oil giants, with BP and Royal Dutch Shell both performing well, while export company British American Tobacco was another strong gainer.

The recent volatility is a change from a bleak pre-Christmas trading period, where the US markets endured their worst one week performance in seven years. Investors have had a lot of worries to contend with, as fears about a global economic slowdown and a US recession were compounded by worries about a US / China trade war, and the ongoing Brexit uncertainty. Markets have also been nervous about the impact that the US government shutdown might have, as well as having questions about the Fedís stance on interest rate and Trumps opposition to their proposals.

The final week of 2018 proved to be unpredictable and incredibly volatile, and it is unlikely that we are going to see much change in the new year as there are still so many questions and issues that will surface as the markets resume in 2019.

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