UK equities dive after disappointing US GDP data

Source: Dukascopy Bank SA
UK stocks are trading lower on Wednesday as investors shunned risky assets after the data showed the US economy unexpectedly contracted in Q4. The US economy shrank 0.1% year on year in Q4 of 2012, compared to a forecast of 1.1% expansion. The FTSE 100 Index lost 0.16% and is currently trading at 6,329.32. Only four sectors managed to post mild gains. The top-performers were technology and telecommunications sectors, advancing 1.18% and 0.59%. Sage Group rallied 1.63%, while BT Group climbed 1.22%. Meanwhile, WPP was the second-best performer, attaining a 12-year high after Jefferies Group Inc. upgraded its share rating to ‘buy'. Among losers, Imperial Tobacco Group sagged 4.99% after warning its H1 profits are likely to fall. Basic materials sector also put pressure on the UK stock index, declining 0.8%. Antofagasta dropped the most in more than a year after reporting the costs will rise in 2013. Other basic materials producers also followed a downward trend. Kazakhmys and Anglo American dipped 3.72% and 1.76%.
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Wed, 30 Jan 2013 16:11:12 GMT

German stocks slide after dismal US data

German equities are trading in the red territory after dismal US GDP data. US economy unexpectedly contracted by annualized 0.1% in Q4 of 2012, while analysis predicted GDP to grow by 1.1%. However, German stocks seem to have limited downside potential due to positive EU data and rising hopes the Fed will stick to its loose monetary policy. The DAX

Wed, 30 Jan 2013 16:44:04 GMT

US blue chips climbed ahead of GDP, FOMC statement

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