UK shares edge higher on Chinese manufacturing

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© scanpix/AP
UK equities are trading higher on Monday, favored by energy shares and heavyweight mining. The latter sector improved after Chinese manufacturing sector expanded in November the first time in more than year. Data on UK's manufacturing also shrank less-than-expected. However, mixed views have appeared over whether the UK equity market is going to further improve, as the uncertainty on the U.S. fiscal cliff is rising. The FTSE 100 Index added 0.33% to trade at 5,885.91. All industries within the index advanced with Basic Materials and Industrials in the top positions by surging 1.05% and 0.71%, respectively. The top performers were Melrose Industries, Sage Group and Schroders with their shares rallying 2.91%, 2.57% and 2.38% subsequently. The fund management group Schroder rallied after BofA Merrill Lynch improved the company's rating tfrom ‘neutral' to ‘buy'. Among worst performers were Hargreaves Lansdown, J Sainsbury and Lloyds Banking.


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