FTSE 100 fluctuates on Wednesday

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Source: Dukascopy
© Scanpix/AP

After closing flat on Tuesday, UK's benchmark FTSE 100 experienced a slight increase on Wednesday. Index gained 0.2% reaching 5,583.33 led by financials and miners. Lloyds Banking Group PLC ascended 2.4% whereas Barclays PLC added 1.3%. Resource company Randgold Res Ltd jumped 2.76%. However, in late afternoon FTSE 100 retreated after Germany rejected merging current and durable rescue funds as well as conveyed pessimism regarding the results of EU summit. Index lost 0.3% to 5,551.78 on news from Germany.

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Wed, 07 Dec 2011 14:36:29 GMT

Copper futures rise on the euro-zone optimism

Copper futures increased for a second consecutive day on the better market sentiment as EU summit may result in resolution of the debt-crisis. On the Comex division of the New York Mercantile Exchange, copper futures for delivery in March were traded at USD3.600 a pound at the early European trade, gaining 0.7% since opening.

Wed, 07 Dec 2011 14:58:11 GMT

UK Manufacturing output drops in October

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