FTSE at 1-wk highs on strong China data

Nov 22 2012, 16:15 IST
Comments 0
Britain's FTSE 100 index extended gains into a fourth session on Thursday.  (Reuters) Britain's FTSE 100 index extended gains into a fourth session on Thursday. (Reuters)
SummaryBritain's FTSE 100 index extended gains into a fourth session on Thursday.

Britain's FTSE 100 index extended gains into a fourth session on Thursday, hitting one-week highs after a return to growth in Chinese manufacturing boosted demand prospects for the produce of UK metals and energy companies.

The Chinese HSBC Flash Manufacturing PMI rose to 50.4 in November, moving above the 50 mark that separates growth from contraction for the first time in 13 months and offering fresh proof of recovery in the world's No. 2 economy.

Britain's FTSE 100 was up 19.05 points, or 0.3 percent, at 5,771.08 points by 0801 GMT, with strong results from SABMiller also boosting sentiment.

Ads by Google

More from World News

Reader´s Comments
| Post a Comment
Please Wait while comments are loading...