Markets Rise Following Tough Trading
The FTSE 100 rose back above 5000 after a 5% drop this morning – the first time the FTSE has been below 5000 for over a year.
Markets across the world have been YoYo-ing following an uncertain market climate. The European Central Bank had tried to encourage investment and insert confidence by purchasing bonds – a move which back fired catastrophically.
The financial markets face an uphill struggle following recent global troubles including Greece receiving a bail out, Ireland & Spain is financial disarray and the US credit rating being downgraded to AA+.