FTSE100 rally driven by hunt for yield, Is Deutsche Bank too big to fail? – Panmure Gordon from uk banking sector market Watch Video
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Description: FTSE100 is trading above 7000 levels at a time when Pound is at 31-year low, while Deutsche Bank is in a mess and the banking sector in Europe is under fire. nnDavid Buik, Senior Market Commentator for Panmure Gordon believes the major part of the rally in the UK’s mining heavy FTSE100 index represents hunt for yield… meaning investors have little option other thanequities given the low/negative rates on other assets. He does acknowledge that part of the rally is also due to weak GBP boost
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