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@Jamie Street via Unsplash

Dramatic week on the markets draws to a close

by LLB Reporter
18th Mar 22 11:52 am

Investors have been subjected to significant forces this week. Heightened geopolitical tension, rising interest rates in the US and UK, and China’s pledge to stabilise markets have all been on the agenda and served to shake equities.

Fortunately, the week looks like it will end on a calmer note with minimal movement in Europe and a nice tick-up for the main indices in China, India and Japan.

“The FTSE 100 was flat at 7,380 with strength in miners and financials offset by weakness in energy, consumer non-cyclicals and utilities,” said AJ Bell’s Russ Mould.

“Polymetal jumped 6.4% after filling the big gaps in its board of directors after the mass resignations on 7 March. The share price continues to be highly volatile with a clear risk that the business might have to consider delisting from the London Stock Exchange if serious Western investors are no longer willing to own the equity.

“Pearson was the top faller on the FTSE 100 which doesn’t send a positive signal regarding current takeover talks. Private equity firm Apollo has already had two bids rejected but was still trying to come up with an offer that would win over the board and shareholders.”

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