FTSE 100 poised for best week since 2011 and bond yields hit record lows on post-Brexit stimulus hopes...

London Telegraph
July 1, 2016

As the FTSE 100 heads for its best weekly performance since December 2011, we look back at the 10 best weeks the blue chip index has recorded since 1983:

1. 28 October 2008: +13.41%
2. 31 October 2008: +12.72%
3. 28 September 2001: + 10.59%
4. 18 September 1992: +8.27%
5. 02 January 2009: +8.19%
6. 10 April 1992: +7.97%
7. 05 October 1990: +7.32%
8. 02 December 2011: +7.51%
9. 21 March 2003: +7.20%
10. 03 August 1984: +6.97%

*Note: dates listed refer to the week ending date

So where does this week’s post-Brexit rally rank?

At present the FTSE 100 is up 6.34%.

In the FTSE 100’s 1,696 week history, the blue chip index is on track for its 15th best week ever.

Connor Campbell, of SpreadEx, reflects on financial markets one week on since Britain voted to leave the EU:

“Considering we are exactly a week on from the Brexit referendum, and subsequent market panic, the fact that the FTSE has climbed all the way above 6500 for the first time since last August is staggering. The index was propelled to this 10ish month high by the promise of stimulus, including a rate cut, from the Bank of England. Understandably this news wasn’t greeted with unanimous cheer; cable, which had been teasing $1.35, plunged to $1.32 during Carney’s speech, though it has risen back to $1.33 during the early hours of today’s trading.

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