LONDON STOCK MARKET
No Reaction To Bad News
fNX. Press Assn.— Copyright) LONDON. April 27. In its present buoyant mood the London stock market seems to show no sign of any marked downward reaction to bad news. Lven during the two opening days of the new account when Wall street fluctuated and events in Algeria might have been expected to cause a deterioration, the markets merely paused in the upward trend which has been so strongly in evidence in past weeks. Now that there has been a Wall street recovery and a collapse of the Algerian revolt prices have gone higher still and conditions today were described by financial commentators as “booming.” Industrials particularly were strong and in fact plus signs were apparent everywhere. “The Times.” emphasising how reaction to international affairs has well illustrated the underlying strength of London equity market, points out that industrial shares have withstood the sharpest setback in Wall street since the end of 1958 with little apparent difficulty.
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Press, Volume C, Issue 29499, 28 April 1961, Page 17
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164LONDON STOCK MARKET Press, Volume C, Issue 29499, 28 April 1961, Page 17
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