UK stocks mirror gains of Asian equities

Note: This section contains information in English only.
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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