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EIB backs 3 7 billion euros business, health, education investment support | Business

MERCANTILE INVESTMENT: Trust pins hopes on UK prospects

Fund manager Guy Anderson is excited about the prospects for the UK economy and the stock market – more so than at any time in the past three years.  Anderson, joint manager of the £2billion Mercantile Investment Trust, believes most consumers are in a healthy financial position as restrictions begin to be lifted – and this will help drive a strong UK recovery.  He says: There is an opportunity for the UK to experience a purple patch of economic growth as consumers start spending again against a backdrop of resilient house prices.   With the UK stock market looking cheap compared to other global equity markets – especially the United States – Anderson says the UK could be the most exciting market in the year ahead although he warns that any advance in share prices will be marked by volatility . 

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Japan January machinery orders seen down for first time in four months

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