PMI data adds pressure on UK shares

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© scanpix/AFP
The FTSE index slightly increased 0.01%, or to 5,867.32 on improving outlook for the Eurozone, as Spain has officially requested for a bailout and Greece pledges to buy back the debt. However, today's construction PMI data added to concerns as it showed construction activity contracted last month. Six out of ten sectors within the index improved with Consumer Goods gaining 0.53%, Health Care added 0.45%. Sectors that are sensitive to economic mood suffered dragged down by concerns about nation's economic growth. Technology lost 1.18%, Telecommunications fell 0.71% and Oil and gas stepped 0.55% lower. Among the best performers were shire Plc, Centrica Plc and British American Tobacco by rallying 2.76%, 1.37% and 1.26%, respectively. Shares of Tullow Oil dropped the most, down 6.20%, on announcement the company did not find any commercial hydrocarbons after it completed drilling at an offshore well in French Guiana.


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Tue, 04 Dec 2012 17:55:34 GMT

European shares gain on Eurozone's optimism

European stocks advanced for the second consecutive day, rebounding from its earlier losses, as lawmakers in the U.S. continue debating on the budget plans to avert the so called fiscal cliff and growing optimism on the Eurozone as Spain officially requested a bailout. The German DAX index gained 0.03%, or 2.06 points, to 7,437.27 continuing to rise towards its 2011

Tue, 04 Dec 2012 17:33:34 GMT

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