FTSE 100 index higher as government aims to support construction

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Source: Dukascopy Bank
British FTSE 100 index advanced on Tuesday lifted by financial sector which added 1.7% after UK PM Cameron said the government will boost construction through supporting buyers with small cash deposits to purchase new homes. HSBC Holdings jumped 2%, Royal Bank of Scotland Group advanced 1.8% and Lloyds Banking Group climbed 1.9%. On the downside Antofagasta fell 4% and insurer G4S dropped 1.6% after both firms reported worst than expected earnings for 2011. At the moment of writing FTSE 100 is 0.68% or 39.77 points up at 5,932.27.

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