The Independent - London, July 23rd, 1995
A GROWING number of equities analysts, funds managers and other sharewatchers believe that the London market is set for a long rally into the autumn and winter. That is because, following the Dow's dizzying 700- point rise since last November, many UK shares now look cheap compared with US equities. Even if this week's 120-point price dip turns out to be the overdue correction predicted by Wall Street's doubters, it may not extend to London. The FT-SE 100 index has still not regained its peak of 3,594 of February 1994, and the London market looks undervalued. "There comes a point when instit...
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