Summer holidays are over; children are returning to school and we’re now only weeks away from the start of autumn. This shift in mindset also applies to investors as they sharpen their focus on market opportunities in the final section of the year, says Russ Mould, investment director at AJ Bell.
“With the start of a new month comes a pick-up in equity markets across Europe. The FTSE 100 advanced 0.7% to 7,172, in France the CAC 40 scored a 1% gain, and in Spain the IBEX 35 pushed ahead by 1.6%. This positive momentum is welcome after a patchy summer.
“On the UK market, mining was the only sector to struggle after metal prices took a hit. Investors instead showed more interest in the oil and gas sector where commodities prices were stronger.”