Market Summary: 11th Feb 2011

By Huw Jones

Market numbersThe FTSE All Share index, representing the performance of all 627 eligible companies listed on the London Stock Exchange has finished the week at 3143.89, an increase of 21.58 on points the day and 33.51 points higher than its 3,110.38 opening value at the start of the week.

So far this year the FTSE All Share index, which accounts for approximately 98% of the UK’s market capitalisation, has gone up 81.04 from its’ opening level of 3062.85 at the start of trading on 4th January 2011.

The Bank of England (BoE) base rate currently set at 0.5% (where it’s been since a reduction from 1.00% on 5th March 2009).  The Monetary Policy Committee met on 9th & 10th February 2011 and decided to keep rates at 0.5% for another month.  When the minutes are published on 23rd February 2011 we’ll get a n sight as to how close the vote was.

The latest inflation figures will be published on 16th February 2011.  CPI annual inflation – the Government’s target measure – is currently 3.7% for the 12 months to December 2010. In the year to December 2010, RPI annual inflation was 4.8%.