UK Stock Markets Update

In March companies listed on the UK stock markets raised a total of £2399m, representing a 46.3% month on month gain.

Global markets continued to rally in March as the central banks, including the US Federal Reserve, were more optimistic about the outcome of US/China trade talks.

In the UK continued uncertainty over Brexit contributed to a volatile pound, but helped to boost the more export-orientated FTSE 100 companies to a 3.29% monthly gain, whilst AIM companies turned in a 0.94% gain in March.

Across business sectors, UK companies delivered gains and the mining and food & beverage sectors performed very well.

Overall, UK economic data over the course of March came in better than had been expected. It appears increasingly likely that the UK will eventually have a ‘soft brexit’ and the Chancellors spring statement, although low key, pointed to borrowing projections significantly lower than expected, despite a cut to economic growth forecasts.