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The FTSE 100 index in the UK has only increased by 3% this year, much lower than other European stock indices

The FTSE 100 index in the UK has only increased by 3% this year, much lower than other European stock indices

Bitget2023/12/29 11:06

According to Jin10's report, data shows that the FTSE 100 index in the UK is expected to only rise by 3% this year, much lower than the stock indices of other European countries. Among them, the Stoxx Europe 600 index rose by 11.5%, Germany's DAX index rose by 19%, and France's CAC-40 index rose by 15%. Hargreaves Lansdown's chief stock analyst, Lund-Yates, said in a report that concerns about weak UK economy and persistent inflation have dragged down the UK blue-chip stock index. She stated that the FTSE 100 index will largely trade sideways this year, largely due to extreme uncertainty and rising interest rates. Inflation stubbornly remains above the central bank's target of 2%, which limits room for interest rate cuts.

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