Stock markets end another turbulent week with more losses

The FTSE100 has closed down just over 1% to end the week at 5040.76 after spending some of the day below the 5000 level.

Autonomy was the outstanding winner today, up over 70% as the market digests the news that it has agreed to be bought by US giant Hewlett Packard. The biggest purchase of a FTSE100 company since Kraft took over Cadbury.

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And we all lived happily ever after…

Another day, another wild swing on the FTSE100. First it was up, then it was down, then it was up again. The difference between the low today and the high was around 200 points.

As I said in a previous post, I hope you day traders are having fun in this market.

The FTSE100 finished the day up 155.67 (3.11%) at 5162.83.
The FTSE250 closed up 2.52% (248.78 points) at 10139.74

Continue reading “And we all lived happily ever after…”