Will the 'May bounce' last the summer?

New Prime Minister Theresa May could be the steady influence investors in an uncertain post-Brexit world have been looking for, argues Colin Morton, manager of the Franklin UK Rising Dividends fund.

The appointment of Theresa May (pictured) as Prime Minister looks to have brought many investors a sense of stability and calm in an otherwise tumultuous period of political uncertainty for the country - the like of which we have rarely seen before. Indeed, the FTSE 100 index jumped into bull market territory as her challenger Andrea Leadsom announced her resignation, while sterling also rose and even the domestic FTSE 250 mid-cap stocks rose by 101 points to more than 16,800. This 'May bounce' finally brought some good news to the markets which had, since the Brexit announcement, bee...