U.K. shares down on pending news from U.S. housing market

Source: Dukascopy Bank SA
U.K. equities declined on Wednesday as investors were looking for news from U.S. housing market. The FTSE 100 Index lost 0.6%, or 33.16 points, to 6,360.54, close to its highest value since 2008. Only two out of ten industries included in the index increased. Basic materials and health care industries added 0.5% and 0.3%, respectively. TUI Travel Plc surged 2.8% on expectations that profit will grow by 10% in 2013. Furthermore, Weir Group PLC jumped 1.7%, capping losses in oil and gas sectors. Rio Tinto PLC, a British metals and mining corporation, followed with a 1.3% rise to close at 3,121.50 pence, after receiving an "equal-weight" rating from Morgan Stanley. On the downside, telecommunications and industrial sectors lost the most, declining 2.3% and 1.1%. Prudential PLC, an insurance company, plunged 4.1% to 1,053 pence, as it was fined £30 million by regulators over its 2010 bid to buy an Asian subsidiary of U.S. insurer AIG. Smiths Group PLC plummeted 3.2% to trade at 1,227 pence. Aviva PLC followed with a 2.5% decline to close at 296 pence.

Back to articles

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.