Market Comment – Poised on the brink
Closing above 6900 at last, our own FTSE 100 Share Index came the closest it ever has to establishing a new high. Indeed, it briefly rose above the previous closing peak, though not above the intraday high it once attained. Not before time. Both the highest closing level and the absolute peak achieved during a day’s trading occurred on the last business day of the last millennium – more than fifteen years ago. Perhaps by the time you read this, a new high has been established.