U.K. shares gain on U.S. payroll data

Source: Dukascopy Bank SA
© scanpix/AFP
U.K. shares gained for the third consecutive day on the U.S. payrolls report for the year 2012 that showed better-than-expected results.  U.S. employment surged 146,000 in November, exceeding the October's rally of 138,000. Meanwhile, the unemployment rate shrank to 7.7%, the lowest rate since December 2008. The FTSE advanced 0.2%, or 10.66 points, to 5,912.08, heading for its weekly gain of 0.8%. The gauge has advanced 12% since this year's low on June, when ECB announced unlimited bond buying. Six out of nine sectors surged with Consumer Goods and Basic Materials posting the biggest gains of 0.91% and 0.67%, respectively. Centrica showed the best result by jumping 1.9% to 338 pence after the company was included in the UBS AG's most preferred stock-list. Meanwhile, Technology sector showed the biggest decline of 0.82%., followed by Consumer services and Financials that inched lower 0.22% and 0.14%, subsequently. U.K.'s biggest clothing retailer Marks & Spencer decreased 1.2% to 392.2 pence after recommendation of the company's stocks were downgraded to sell from neutral. 
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Fri, 07 Dec 2012 16:59:41 GMT

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