UK stocks mirror gains of Asian equities

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Source: Dukascopy Bank SA
UK stocks advanced, mirroring gains of Asian stocks amid speculation about further monetary easing in China after weak GDP data in Q2. FTSE 100 Index added 0.55%   to trade at 5,631.80 at the time of writing. Miners provided support for the UK commodity-heavy index. Rio Tinto, Xtrata and BHP Billiton moved higher 1.33%, 0.89% and 1.31%, respectively. China's easing hopes lifted crude oil price thus boosting oil and gas producers; BP rose 0.6%. Meanwhile, financial sector posted an increase, with Barclays and HSBC Holdings rising by 0.24% and 0.05%.

 

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Fri, 13 Jul 2012 15:45:03 GMT

Telecommunications sector boosted German stock index

Germany's shares surged on Friday amid hopes for easing in China after Chinese GDP growth tumbled to the lowest level in the last three years. German blue chip index soared 1.07% to trade at 6,474.30. Telecommunications sector was the top-performer, skyrocketing 3.88%. Deutsche Telecom rose 3.3% after Credit Suisse Group upgraded  rating of the firm's shares from underperform to neutral.

Fri, 13 Jul 2012 15:12:05 GMT

Hang Seng advanced amid improved lending

Hong Kong shares were mostly higher on Friday as slowdown in China's growth was not much worse than forecast. China's GDP expanded by 7.6% in Q2, the slowest pace since 2009. Hang Seng Index climbed 0.5% to trade at 19,102.38. Financial institutions bounced off previous lows after late Thursday's data indicated that  lending approached three-month high in June. China Construction

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