UK shares are trading lower after weak PMI data

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Source: Dukascopy Bank SA
UK stocks are trading slightly lower on Friday after weak PMI readings in Spain and Italy. However, stronger US and Asian stocks were supportive for UK blue chips. Moreover, better-than-expected UK construction PMI release, indicating that the country's construction industry swung to expansion last month sent the UK shares higher. The FTSE 100 Index shed 0.04% to trade at 5,859.50. Only three in ten sectors within the index managed to post gains. The top-performers were consumer goods and basic materials. Anglo American added 0.81% while Associated British Foods rose 0.43%. Dragging the UK stock index lower, health care firms  retreated 1.18%. AstraZeneca and GlaxoSmithKlein dropped 0.28% and 2.40%. Meanwhile, Admiral Group led losses, tumbling 5.65%. Admiral Group announced that its Q3 revenue slumped 2%. Royal Bank of Scotland Group witnessed its shares falling 1.90% after reporting a net loss in Q3.

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