UK stocks moved higher on positive German data

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Source: Dukascopy Bank SA
UK equities climbed on Tuesday as market mood was improved after German economic sentiment index beat expectations this month. Meanwhile, UK inflation stood at 2.2% in September, the lowest level in almost three years. Currently, market players are anticipating the EU summit due on Thursday. The FTSE 100 Index jumped 0.98% to trade at 5,862.40. All sectors within the index moved higher. The top-gainers were technology firms and financials. Sage Group jumped 2.28% while Lloyds Banking Group and HSBC advanced 4.99% and 1.58%. Miners also soared, with Anglo American, BHP Billiton and Glencore International gaining 0.92%, 0.86% and 0.65%, respectively. At the same time, GKN was the top-loser, slumping 3.63% as European car sales plummeted to the lowest level since 2010.
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Tue, 16 Oct 2012 17:24:24 GMT

German shares climb as ZEW index beat expectations

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Tue, 16 Oct 2012 16:40:20 GMT

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