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14 days: FTSE 100 win streak

UK index logs biggest run of daily gains on record
Thursday 19 Jan 2017 Author: William Cain
Story In Numbers

The UK’s blue chip benchmark saw its winning run, which stretched to 14 consecutive days of gains, come to an end on Monday 16 January.

Gains are partly a reflection of earnings forecasts for UK-listed corporates which, according to Bank of America estimates, are set to grow 21.1% in 2017 driven by expected profit improvements at mining and oil and gas companies.

That’s the highest projected earnings growth rate of any major stock market in the world other than the similarly commodity-heavy Canadian index.

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19 Jan 2017

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