FTSE 100 tumbles on manufacturing production data

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Source: Dukascopy Bank
After dropping 2.3% on Wednesday, FTSE 100 index prolonged losses on Thursday as data showed manufacturing production tumbled by 1% in February, falling below economists' predictions of a 0.1% improvement. Financial shares contributed negatively to index as investors awaited BoE latest policy settings. SBC Holdings declined 1.3% and Standard Chartered lost 1.2%. On the upside Burberry Group added 0.7% on news J.P. Morgan Cazenove upgraded its stock and raised price target. At the moment of writing FTSE 100 trades 0.33% or 19.02 points down at 5,684.75.

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Thu, 05 Apr 2012 13:46:58 GMT

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