Reuters: Hot Stocks: UK's FTSE ends losing streak as China data boosts miners

Reuters: Hot Stocks Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Best Start-Up Jobs. 100s of jobs @ tech companies and start-ups in New York and San Francisco. Free for candidates. Get hired now! From our sponsors

UK's FTSE ends losing streak as China data boosts miners Aug 8th 2013, 07:27 Tweet Share this Email Print Thu Aug 8, 2013 3:27am EDT * FTSE 100 up 0.4 pct after four days of losses * Aviva rises after posting higher H1 profits By Sudip Kar-Gupta LONDON, Aug 8 (Reuters) - Britain's benchmark equity index ended a four-day losing streak on Thursday as forecast-beating trade data from China, the world's biggest metals consumer, lifted mining stocks. The blue-chip FTSE 100 index rose by 0.4 percent, or 22.62 points, to 6,533.83 points in early session trading, with miners Antofagasta and Anglo American featuring prominently on the leaderboard. Data earlier showed China's exports rose 5.1 percent in July from a year ago, beating predictions of a 3 percent gain, while imports jumped 10.9 percent versus forecasts of 2.1 percent. "Both sets of data are encouraging as the improving exports are a sign that demand from the global economy is picking up," said Spreadex trader Shavaz Dhalla. The blue-chip index reached a 13-year high of 6,875.62 points in late May but has since slipped back, partly on expectations that the Federal Reserve will scale back stimulus measures as the U.S. economy gradually strengthens. Central Markets chief strategist Richard Perry said he would keep a positive outlook on the FTSE until mid-September, when the Federal Reserve meets amid expectations it might start to ease back on its bond buying programme at that point. Many firms have reassured with interim results over the last month, and the FTSE 100 remains up roughly 10 percent since the start of 2013, having rallied from lows reached in June. Insurer Aviva topped Thursday's FTSE leaderboard, rising 5.6 percent after posting higher first-half profits. (Editing by John Stonestreet) Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions