UK stocks : FTSE closes up 0.3 pct
Reuters: London, Jan 25 2013, 02:09 IST
trading above the index's 200-day and 50-day simple moving average levels, which are further technical indicators to suggest the index has scope for more gains.
Moustapha Awada, who heads up quantitative trading firm Sunofia Advisers, said worries over the U.S. debt situation and the possibility of slower Chinese economic growth could lead to a pullback on equities in the first quarter.
However, he expected an overall rally during the course of 2013.
"We could potentially see some pullback from debt ceiling problems in the U.S. and slower growth in China, but I see the potential for equities to keep going up," he said.
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