Wed, 24 Oct 2012 16:20:42 GMT
UK shares erase losses ahead of FOMC statement
UK shares rebounded on Wednesday despite weak data from the eurozone. Eurozone's manufacturing PMI indicated further contraction in October. Meanwhile, investors remained cautious ahead of FOMC statement due later in the day. The FTSE 100 Index gained 0.22% to trade at 5,813.22. Seven out of ten sectors within the index climbed. The top-performer was technology sector, adding 3.39%. ARM Holdings