UK stocks climb ahead of the US data

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Scanpix/AFP

UK stocks pared gains on Friday ahead of the US payrolls data. UK shares continued to draw strength from the recent ECB decision regarding unlimited short-term debt purchasing program. Adding to the gains of the UK stock index, national manufacturing production rose more-than-expected in August. The FTSE 100 Index advanced by 0.20% to trade at 5,788.13. Only four in ten sectors within the index climbed. The largest gains posted basic materials and financials. Anglo American, BHP Billiton and Xstrata rose by 4.37%, 2.88% and 7.46% Xstrata rallied after Glencore International raised its offer for the mining company. Among lenders, Barclays and Royal Bank of Scotland 5.10% and 3.25%. At the same time, health care and consumer goods dragged the UK index lower. Smith & Nephew and TESCO fell 0.22% and 1.36%.

 

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