UK shares are trading lower after weak PMI data

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Source: Dukascopy Bank SA
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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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