9th January 2017
Global equity markets moved higher over the week. And this upward move, coupled with renewed sterling weakness, helped to lift the FTSE-100 to its seventh straight record closing high and its ninth consecutive daily advance (sterling weakness helps exporters and multinational companies as over two-thirds of the FTSE-100’s total revenue is derived from abroad).
China’s yuan strengthened on Friday on speculation that Chinese authorities were preparing contingency plans to support their currency and curb capital outflows.
Ian Copelin, Investment Management Expert*
*Ian Copelin is an Investment Director at Wealth at Work Limited which is a member of the Wealth at Work group of companies
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