U.K. shares advance on Chinese trade data

Source: Dukascopy Bank SA
U.K. equities edged higher after China posted better than expected trade data and European policy makers prepared to consolidate the budget for the first time in the European Union history. The FTSE 100 Index advanced 0.5%, or 31.47 points, to 6,259.89 by 15:59 p.m. in London, pairing the first weekly loss in two months. All but two sectors in the equity index edged higher. Financial shares mainly led gains in the FTSE 100, as they added 1.7%. Consumer services group rose as much as 0.3%,lifted by International Consolidated Airlines jumped 3.1%, while GKN Plc., a producer of automotive components and aerospace vehicles, surged 2.9% to lift consumer goods sector by 0.2%. Aggreko posted third biggest gain in the benchmark gauge as it rallied 2% to pace an increase in consumer services. Meanwhile, Imperial Tobacco Group paired biggest losses in the index with its shares losing 1.8% as the cigarettes maker's stock rating was cut from buy to hold. Randgold Resources, the mining company, followed with a 1.7% slump to cap further advancements in basic materials group that soared 0.6%.
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Fri, 08 Feb 2013 15:40:05 GMT

German shares rise the most in one month

European equities climbed the most in four weeks, yet capping a weekly decline, as data on Chinese exports topped analysts' estimates and investors became more optimistic on the global economy. In addition, the adjusted German exports soared 0.3% in December from January. The DAX Index advanced as much as 0.63%, or 49.68 points, to 7,639.00 by 4:06 p.m. in Frankfurt.

Fri, 08 Feb 2013 12:08:05 GMT

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