U.K. shares edge higher as BOE to announce new round of asset purchases

Source: Dukascopy Bank SA
U.K. shares climbed on speculation the Bank of England policy makers will launch a new round of asset purchases to bolster the economic growth in Britain. The FTSE 100 Index rallied 0.3%, or 16.79 points, to 6,444.43. Six out ten groups edged higher. Aggreko Plc. posted biggest gains in the index, as it rallied 3.6% after increasing its dividend for 2012 and forecasting a strong revenue growth for the next five years. IMI Plc followed with a 3.9% surge to pace gains in industrial shares that were 1.1% higher. Meggit Plc., an engineering group that specializes in aerospace, defense and electronics products, added 2.9%, also supporting industrials. On the downside, Aviva Plc. that skimmed 11.5% to cap gains in financials, as the U.K.'s second-biggest insurance company cut its dividend by 44%. Melrose Industries tumbled 3% to halt further surge in industrials, while Polymental International erased 2.2%.


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Thu, 07 Mar 2013 17:56:05 GMT

China's equity depreciates on IPO and trade data concerns

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Thu, 07 Mar 2013 17:01:07 GMT

Nikkei advances for a sixth consecutive day

Japanese equities advanced, sending the Nikkei 225 to cap its sixth straight day of gains, as report showed the U.S. job market is reviving. In addition, the Bank of Japan held-off more quantitative easing. The Nikkei 225 Index rose 0.3% to close at 11,968.08 after earlier surging as much as 1.2%.  Five out of ten groups advanced. GS Yuasa Corporation,

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