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The markets: In good shape

Six weeks after the budget, the stock market is still bullish and edging upwards. And the rise has been well spread out though, at first sight, engineering shares seem to have done better than the rest.

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Six weeks after the budget, the stock market is still bullish and edging upwards. And the rise has been well spread out though, at first sight, engineering shares seem to have done better than the rest. The bulls have been helped by excellent corporate reports but not all companies have done well and some rather poorly. But, by and large, the corporate sector seems to be in good health and this is reflected in the share price level.