Market rallies from lows of March

By Chris Murphy, manager of Framlington Blue Chip and UK Growth funds The Iraq War, high oil prices,...

By Chris Murphy, manager of Framlington Blue Chip and UK Growth funds The Iraq War, high oil prices, nuclear proliferation in North Korea and Sars have all had a knock-on effect on consumer activity. But what a difference a few months can make. With the combined resolution of a number of the events the market has rallied from the lows reached in March of this year. The economic backdrop has continued to be difficult. In the US, the Federal Reserve has cut interest rates to 1% as Alan Greenspan, the chairman of the Federal Reserve in the US, looks to stimulate activity. The consum...