UK shares rise on US stimulus program

Note: This section contains information in English only.
Source: Dukascopy Bank SA

UK equities soared on Friday as the Fed announced new round of asset-purchases on Thursday. Meanwhile, investors focused on talks between Eurozone's finance ministers in Cyprus about whether Spain has to ask for financial backup after recent ECB decision sent borrowing costs sharply lower. The FTSE 100 Index surged 1.68% to trade at 5,914.40. Seven out of ten sectors within the index edged up. Basic material producers were the top-performers in the index. Kazakhmys, Anglo American and BHP Billiton gained 8.20%, 15.29% and 5.56%, respectively. Anglo American's shares' rally was capped by unrest in South Africa that impacts platinum operations of the company. Financials also went higher, with Barclays and Lloyds Banking Group advancing 4.18% and 3.47%. At the same time, health care sector slid, with Smith & Nephew falling by 0.07%.

 

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