FTSE advances ahead of the U.S. jobless report

Source: Dukascopy Bank SA
U.K. equities traded green on Thursday, as analysts waited for a new report on jobless-benefit claims in the U.S. The FTSE 100 Index surged 0.3%, or 21.90 points, to 6,407.81 at 12:42 p.m. GMT. In addition, the index grew for a fourth consecutive day and is estimated to have the biggest weekly rise in three months. Consumer goods sector was one of the leading with Marks & Spencer Group PLC jumping 3.7% to 399.8 pence after posting the seventh straight quarterly drop in its sales. Furthermore, IMI PLC added 2.6% to 1,264 pence. Weir Group PLC, a Scottish engineering company, followed with a 2% increase to trade at 2,335 pence. Meanwhile, Evraz PLC plunged 9.9% to 188.5 pence, as the company announced a $335 million loss in 2012. Eurasian Natural Resources Corp PLC lost 3.1% to 261.3 pence, pushing basic materials sector into the red zone. Fresnillo PLC traded down 3.4% to 1,278 pence.
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Thu, 11 Apr 2013 14:17:33 GMT

DAX up as investors wait for U.S. jobless data

European shares climbed on Thursday ahead of the U.S. unemployment data. The DAX Index added 0.5% to 7,848.20 points, close to its highest value since 2007. 18 out of 30 companies included in the gauge posted gains. Linde AG, a German engineering company, surged 1.5% to 143.70 euros, pushing the industrial sector into the green zone. The company has today

Thu, 11 Apr 2013 14:57:34 GMT

Nigerian Naira depreciates on investors transactions

The Nigerian Naira edged lower by 0.1% to 157.60 per U.S. Dollar by midday trading session in Lagos on Thursday. The currency of the biggest Africa's oil exporter depreciated due to speculation that traders in Nigeria were willing to exchange their profits from the local bond and equities market in the U.S. Dollar.

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