UK stocks rebound ahead of US employment data

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Source: Bloomberg
UK shares accelerated on Thursday, recovering from a massive drop earlier this week as investors are looking forward data on US consumer confidence and nation's employment. Rally in shares was led by Royal Bank of Scotland jumping 2.3% and International Consolidated Airlines Group gaining 1.2% after it agreed to buy BMI, Lufthansa AG's unit. UK benchmark index FTSE 100 added 1.2% or 63.7 points in London morning trade.

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Thu, 22 Dec 2011 13:43:28 GMT

Canadian Dollar climbs against greenback as crude oil advances

The loonie strengthened for a second straight day against US Dollar as crude oil surged and data showed growth in sales twice as much as predicted by economists. Loonie appreciated to C$1.0209 during day but erased part of gains as optimism on ECB cheap loans faded. The Canadian currency gained 0.3% against its US peer to C$1.0266 in Toronto evening session. Currently USD/CAD is trading

Thu, 22 Dec 2011 13:43:08 GMT

UK economy expands more than predicted

UK economy in third quarter expanded more than was previously predicted by economists. GDP advanced 0.6% compared to earlier forecast 0.5%. Nevertheless Bank of England warns that further rapid growth is unlikely given developments across Europe as debt burden harms demand. BOE predicts UK economy may stop expanding in current quarter and in the beginning of 2012. 

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