Investors are seeing their European funds quietly make a steady profit this week as stockholders prepare for the chancellor's pre-Budget report today (December 9th).
According to City Index, some are apprehensive about Alistair Darling's announcement while others are winding down their investment activity in the run-up to Christmas, but both mean that trading has been quiet.
A lack of macroeconomic data from the US has also contributed to the relative standstill, although energy and mining firms performed well yesterday.
Joshua Raymond, market strategist at City Index, said: "From the limited trading activity we have seen, investors have been buying into energy firms on the back of higher crude oil prices . Copper prices have also strengthened … and as such, the miners have some small gains."
Barclays Stockbrokers recently claimed that its clients are still putting their money into the stock market, with FTSE 100 investments up in October.
European investments making small gains
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European investments making small gains
Wed, 09 Dec 2009
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