Doesn’t seem that long ago that we were worrying that the FTSE was too high when it was set to go above 7000. It’s nearly there again, set to ’soar’, to use tabloid-speak, having ‘plummeted’ below 5000 with ‘billions wiped off the value of your savings’ a few short months ago. The UK stockmarket is still at least 10% below its high point last Jan, and oil company shares and the oil price are a big factor in its reboot. Fund managers are pretty positive (aren’t they always) about the financial world’s prospects. Unless, they say, the virus outwits the vaccine. But even the plague disappeared eventually. Didn’t it?
“Global stock markets fall sharply amid fears over inflation and China slowdown”
Diesel at my local filling station now costs over £7.50 a gallon (kids etc.). Not my problem these days, but I’m sadly old enough to remember the furore in the 1970s when the price went up to 50p a gallon.
