U.K. shares surge on better than expected unemployment data

Source: Dukascopy Bank SA
U.K. equities stayed flat on Wednesday close to their highest since May 2008 on better-than-expected unemployment data and Prime Minister's announcement to hold a referendum on exiting the European Union block. The FTSE 100 index advanced 0.2%, or 11.88 points, to 6,195.05, lifting its yearly advance to 5%. Five out of ten sectors in the gauge increased. Tullow Oil posted biggest gains in the index by surging 3.55% to pace an increase in the oil and gas sector that was 0.54% up. Unilever Plc. rose 3.14%, the highest price since 1988, after a report showed the quarterly revenue rallied 7.8% on rising sales in North and South America. Petrofac Ltd climbed 2.41% and contributed to oil and gas sector. Meanwhile, TUI Travel paired biggest losses in the gauge, as it slumped 4.7% and led 0.3% losses in consumer services shares. Anglo American Plc., a global mining company, lost 1.8% and prompted the basic materials shares to decline 0.29%. ITV Plc., a United Kingdom media company covering broadcasting, news, and production erased 1.7% to pace losses in the consumer services stocks.
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Wed, 23 Jan 2013 16:37:06 GMT

German shares flat on Wednesday

German shares stayed little unchanged prior to the U.S. House of Representatives vote to stem the nation's borrowing limit. By suspending the decision on the debt-limit, Republicans aim at meeting other deadlines to seek deeper spending cuts. The DAX index advanced 0.13% to 7,706.46, after earlier advancing as much as 0.4%. Five out of nine groups in the gauge

Wed, 23 Jan 2013 16:01:10 GMT

Copper slips from a one-week high as production in China reaches record

Copper futures with settlement for three months were lower by 0.4% to $8,098 a metric ton on London Metal Exchange during Asian trading session on Wednesday. The metal price declined from a one-week high, as China's industrial companies announced that production jumped by 22% in December, making a new record. Also, total output increased by 11% in 2012.

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