"Both the systemic risk and recessionary risk have declined"
- Moonen, senior strategist at ING Investment Management
U.K. stocks edged higher on Friday, led by banking shares.
The benchmark FTSE 100 index advanced 0.42%, or 24.86 points, to 5,965.58. The FTSE All-Share Index climbed 0.44%, or 13.58 points, to 3,098.09.
"The fundamentals are strong enough," Patrick Moonen, senior strategist at ING Investment Management, said Friday.
"Both the systemic risk and recessionary risk have declined. There's room for this risk premium to decline further and for valuations to move up."
© Dukascopy Bank