UK equities climb despite weak national data

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Source: Dukascopy Bank SA
© Scanpix/AFP
UK stocks advanced on Thursday amid optimism US policymakers will agree on budget until January 1. However, warnings from the BoE capped gains of the UK blue chips. The BoE reported that the country's banks may lack capital to set aside to limit potential market dangers due to the bank's over-optimistic risk assessment. Moreover, Nationwide house index was flat last month, confronting forecasts of a 0.1% increase. The FTSE 100 Index climbed 0.84% to trade at 5,851.88. All sectors included in the index jumped. Basic materials rose the most, boosted by Rio Tinto. Rio Tinto soared 3.74% after reporting a USD5-billion savings plan for the next two years.  Meanwhile, BP managed to inch up 0.08% despite a temporary ban from new contracts with the government of the US. The ban is linked to Deepwater Horizon disaster in 2010. At the same time, John Wood Group was the top-loser, tanking 3.99% as stockholders plan to sell a stake in the firm.


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Thu, 29 Nov 2012 14:26:22 GMT

German shares soar after employment figures

German equities jumped on hopes that US lawmakers will manage to reach an agreement on the upcoming tax hikes and spending cuts. Moreover, positive data from the domestic economy also lifted German shares. The number of individuals applying for unemployment benefits in Germany climbed less-than-expected this month. The DAX Index advanced 0.71% and is currently trading at 7,395.45. All but

Thu, 29 Nov 2012 14:04:19 GMT

Hong Kong shares rose on encouraging growth forecast

Hong Kong shares soared as risk appetite improved on hopes that US politicians would finally reach a budget deal. Boosting the market sentiment, experts predict China's economy to expand by 8.2% next year due to steady investment growth and changes in industrial structure. The Hang Send Index surged 1% to 21,922.9. All sectors within the index rallied, with consumer goods,

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