Thrills, spills and market pressures
2004 looks to be more stable than 2003, with worldwide economic growth leading to fewer ups and downs. Andrew Clare looks forward to a smoother ride
Last year certainly proved eventful for financial markets, from the Iraq conflict precipitating a collapse in equity market valuations to multi-year lows in March, followed by widespread fears of deflation propelling government bond prices to multi-year highs in June. All in all, the financial markets gave investors a tough ride last year. However, Legal & General believes the year ahead should prove less alarming.
Though the spur to the equity market recovery in late March was the realisation
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