FTSE 100 retreats on US data

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Source: Dukascopy Bank
After tumbling 1% on Wednesday, British FTSE 100 index retreated on Thursday trade, driven by financials as investors anticipated news about US jobless claims and governmental data showed British manufacturing activity modestly cooled in February but stayed above 50 indicating expansion. Man Group PLC  jumped 7.5% after posting an increase in funds for the first two months of 2012 to USD 59.5 billion and claiming investor sentiment has become more optimistic since December. At the moment of writing FTSE 100 index is 0.75% or 44.01 points up at 5,915.96. 

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Thu, 01 Mar 2012 15:04:22 GMT

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