UK shares rally after US employment figures

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Source: Dukascopy Bank SA
© Scanpix/AFP
UK equities rallied on Thursday after encouraging US data. US businesses added 158,000 jobs last month, exceeding forecasts of a 135,000 increase. Positive China's PMI data also boosted market sentiment. However, the upswing was capped by disappointing UK PMI release. The national PMI contracted to 47.5 in October, confronting expectations of a decrease to 48.1 last month. The FTSE 100 Index jumped 0.77% to trade at 5,827.49. All sectors within the index soared. The top-performers were telecommunications and financials.  BT Group and Vodafone Group rose 6.87% and 1.22% while Lloyds Banking Group and Standard Chartered added 6.70% and 0.85%. British Sky Broadcasting Group surged 5.64% after reporting upbeat operating profit for the first quarter. Miners also joined the rally on better than expected China's PMI figure. Anglo American, Antofagasta and BHP Billiton climbed 0.21%, 2.07%, 0.20%.


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Thu, 01 Nov 2012 18:20:07 GMT

German equities are trading higher after US labour market data

German equities are trading higher on Thursday as positive data from the world's first and second economies prompted inventories to turn to riskier assets. China's PMI beat estimates in October while US non-farm private employment figure surpassed forecast last month. Easing concerns over Greece also added to gains of German shares. The DAX Index rallied 0.77% and is currently trading

Fri, 02 Nov 2012 09:39:49 GMT

Retail sales in Germany gained more than expected

Destatis reported on Wednesday that Germany's retail sales grew more than expected in September. Retail sales advanced by 1.5% on a seasonally adjusted basis last month, compared to a revised down figure of 0.1% in the preceding month. Economists, however, expected a more moderate increase of 0.3%.

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