Breaking News - FTSE100 hits 6000

– Breaking News –

Following the apparent resolution of the US Fiscal Cliff saga, the FTSE is back above 6000 for the first time since the summer slump kicked off in July 2011.

The breakthrough is not solely down to the Fiscal Cliff agreement, as 2012 saw a global rally in equities whilst central banks bought bonds in historic volumes, meaning that the money had to go somewhere and that was equities. This rally saw the FTSE grow from a 2012 low of 5261.92 to 5867.06 as December began, creating the opportunity for the FTSE to pass the 6000 mark.

Meanwhile, private investors have made a new years resolution to get into stock so a flood of interest from the general public has thrown gasoline of the flames.

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