(1888PressRelease)
September 27, 2007 - A new survey from Cantos shows that four in five City investors see the slowing US economy as one of the biggest threats to the UK markets.
An economic downturn was by far the biggest threat identified in the poll, compared with the 51 per cent who specifically cited the possible meltdown of the subrprime market in the US.
Nevertheless, 82 per cent of those polled by the corporate communications group agreed that the markets might take "a year or more" to recover from the current liquidity problems caused by the subprime crisis.
Alan Brown at Schroders, who took part in the survey, told Reuters that there is "plenty of uncertainty out there to keep markets nervous, but at the moment there's no particular reason to believe that this is going to develop into a full-blown bear market".
In fact, almost half (47 per cent) of City investors agree that the FTSE will end the year higher than it was on September 10th.
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