City Index has reported that the European market has fallen by one per cent after investors cashed in stocks and shares following a good rally.
The FTSE 100 fell below 5000 and the DAX dropped to under 5600 yesterday (September 14th) after the two indexes hit the landmark figures on Friday and City Index put this down to "pure profit making".
With the dollar in a strong position and commodities looking weaker, those with investments in European companies jumped at the chance to secure some money before the market dipped again, the trading platform claimed.
Joshua Raymond, market strategist at City Index, said: "The key will be whether investors use these price dips as another buying opportunity or if they want to take more of a prolonged breather. If it's the former then the markets could bounce back relatively quickly."
Assets management firm BlackRock recently said that those looking to make investments in foreign stock markets should stick with European funds over US equivalents.
European investments cashed in
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European investments cashed in
Tue, 15 Sep 2009
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