Standard Life predicts the FTSE 100 will surge to 6,900 by the year’s end

first_img Tags: NULL KCS-content Thursday 6 January 2011 7:43 pm REDUCED FEARS of a double dip recession could lead to the FTSE 100 hitting 6,900 by the end of this year, according to Standard Life.Low-valued stocks, including those of BP and Barclays, could help to push the index up 15 per cent despite an anticipated bumpy ride, according to the Edinburgh-based firm.The insurer correctly predicted the FTSE 100 would rise 13 per cent in the final quarter of 2010 to breach the 6,000 mark, at a time when it stood at 5,325 points.The FTSE 100 yesterday continued strongly closing at 6,043.86. Homebuilder Galliford Try, as well as mining firm Vedanta Resources and electronics retailer Dixons, are also stocks picked by Standard Life that could benefit from sustained global economic reovery.Chief executive of Standard Life Investments Keith Skeoch said: “Continued global economic recovery and UK equities’ high exposure to overseas earnings will deliver another year of strong cash flow and earnings growth for UK corporates.” STANDARD LIFE’S 2011 STOCK PICKS1 GALLIFORD TRY 2 VEDANTA RESOURCES 3 BARCLAYS 4 BP 5 DIXONS whatsapp whatsappcenter_img Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Standard Life predicts the FTSE 100 will surge to 6,900 by the year’s end Sharelast_img

Leave a Reply

Your email address will not be published. Required fields are marked *