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Flash: Recent equity strength provides little clarity for caps in rallies – Investec

FXstreet.com (Barcelona) - With little out on the data front yesterday it was equities that once again dominated the headlines.

Indeed, the FTSE 100 closed at its highest level for 12 years as investors strive for higher returns than those being offered by the majority of central banks in the developed world. The index finished up at 6,756, which is the highest close since September 2000, while on Wall Street the Dow Jones and S&P 500 have been reaching all-time records in recent sessions.

According to Lee McDarby, Corporate Treasury at Investec, “The surge in equities has been partly down to the quantitative easing programs and calling the top of this rally is proving increasingly difficult for analysts, as any wobble in the index just look like another buying opportunity.”

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