UK shares advanced on supportive US numbers

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Source: Dukascopy Bank SA
© Scanpix/AFP
UK shares remained higher on Wednesday as Moody's left Spain's credit rating unchanged ahead of the two-day EU summit due to start on Thursday. Upbeat data from the US property market was also supportive for the UK stocks. However, BoE minutes indicated that policy makers are split on the necessity to launch more stimulus measures, thus capping gains of the UK equities.  The FTSE 100 Index gained 0.46% and is currently trading at 5,897.68. Five out of ten sectors within the index climbed. Miners and oil and gas companies were the top-gainers. Anglo American, Antofagasta and Eurasian Natural Resources rose 3.95%, 2.27% and 5.63%, respectively. Petrofac and BP surged 0.25% and 2.78%. Meanwhile, financials were mixed, with Royal Bank of Scotland Group gaining 1.14% and Lloyds Banking Group dipping 2.34%.


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Wed, 17 Oct 2012 17:14:28 GMT

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