UK shares edge higher as Federal Reserve expands its asset purchases

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Most U.K. shares advanced as the Federal Reserve is going to expand its asset purchases to ensure economic stimulus, and economic data indicated German ZEW advanced in December. The FTSE 100 index gained 0.2%, or 12.50 points, to 5,933.45 by 15:44 GMT. The gauge has advanced 13% from its lowest level this year in June when the ECB and Federal Reserve extended the bond-buying.

Three out of nine industries shrank with Consumer goods declining the most by 0.38% and Industrials contracting 0.10%. Alongside to that, Consumer services jumped 0.70% and Utilities 0.62%. Among the top performing companies were Evraz Plc soaring 3.92% and Whitebread Plc takig the second leader position by increasing 3.29%. The latter advanced to 2,505 pence, showing the biggest gain since January 1992 as the company announced same-store sales rose 7.1%  in 13 weeks at its Costa Coffee Outlets. For comparison, the company gained 3.8% the last year. Meanwhile, Tullow Oil Plc dropped the most by losing 5.73% to 1,177 pence touching the lowest price level since Sept. 8, 2011 on the company's announcement it would sell its owned North Holdings and buy Spring Energy for $372 million. Eurasian Natural Resources slid 3% after Citigroup announced in a note it forecasts the company's net debt to b at $5.5billion in the first two quarters of 2013.


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Tue, 11 Dec 2012 17:28:32 GMT

German shares jump as the nation's economy rebounds

German shares jumped to their highest level in 19 months after ZEW Center for European Economic Research in Manheim released data that showed investor confidence rose to 6.9, better than the expected gain to minus 11.5, in December compared to last month's minus 15.7.The DAX index surged 0.75%, or 57.38 points, to 7,587.75 at 16:11 GMT reaching its highest level

Tue, 11 Dec 2012 17:40:52 GMT

Japanese equities drop as Earthquake expected

Japanese shares dropped led by shrinking Utilities sector as an earthquake may be distract functioning of a nuclear reactor, therefore power suppliers are pulling back the stock market today. Experts say prospects for restarting the nuclear reactors are deteriorating, thus increasing the cost of electricity. That in turn could negatively affect raw-material companies. The Nikkei 225 Stock Average (NKY) dropped

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