FTSE over 5,200 Dow Jones over 10,000
As predicted the stockmarkets are recovering quite nicely. However there has to be concern over the exhange rates. Low UK inflation is having a negative effect on the situation, thus prolonging the difficulties for ex-pats living in Spain. With interest rates set to stay low, one cannot see the position improving in the short term.
I suspect that this will change when the official announcement that the UK is not in recession comes at the end of the month.
