Barclays Wealth reveals its FTSE outlook for 2010 – and stock tips

Kevin Gardiner, Head of Investment Strategy EMEA Barclays Wealth, predicts the FTSE will hit 5700 in 2010.
 
"The UK market is the Chelsea of the Barclays Premier League of stock markets: most of its glamorous playmakers are overseas earners. This is one of the factors that will likely ensure a V-shaped profits recovery into 2010, even as the local UK economy remains one of the most fragile in the G20.
 
“With interest rates likely to stay at emergency levels for most of the year, and valuations subdued, we expect equities again to be the strongest investable asset class in 2010, though with a general election and fiscal retrenchment ahead the gains in prospect seem likely to be more muted than those seen (eventually) in 2009.

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