FTSE Worst Performing European Index of 2017

The FTSE 100 is the worst performing European index of 2017 so far, and according to a poll of 33 major market watchers, the UKs leading index is unlikely to see any major growth in the remainder of the year, only showing signs of recovery as we head in to 2018.

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shareprices.com - Friday, October 20, 2017

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The respondents to the poll predict that the FTSE 100 will finish 2017 at 7,456 points - which would give it growth of 4.4 percent over the course of the year - while the STOXX 600 market is projected to get to nine percent.

The same respondents project growth of 7 percent from the end of 2016 through to the end of 2018 - while the STOXX 600 is projected to gain 16 percent. Since the Brexit vote last June, the FTSE 100 has enjoyed the boost from the weak sterling, but that is a short term boost and any gains from it could be easily undone if the Sterling were to recover.

For this reason, many investors are turning to the non-UK markets, which are trading at a more similar premium to their average valuations.

The soft currency offers theoretical benefits, but at the expense of volatility, and with the risk of inflation rate changes, and the lack of general clarity in the markets, it is understandable that investors are reluctant to commit to the index. There is still room for the FTSE 100 to hit new record highs, but those milestone figures, isolated from supportive fundamentals, are not enough to support the index.

 

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