Reuters: Hot Stocks: Miners help buoy FTSE after China data

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

Miners help buoy FTSE after China data Dec 3rd 2012, 08:16 LONDON | Mon Dec 3, 2012 3:16am EST LONDON Dec 3 (Reuters) - Britain's benchmark share index edged higher on Monday after a rise in Chinese manufacturing data boosted sentiment towards mining stocks. The blue-chip FTSE 100 index was up by 0.2 percent, or 13.40 points, at 5,880.22 points by 0810 GMT. Miners were buoyed by the data from China, the world's top metals consumer, with the FTSE 350 mining index advancing by 0.6 percent. "Equities are looking pretty strong at the moment, but any further moves higher could be a little muted," said Central Markets chief strategist Richard Perry. Perry said concerns over the U.S. "fiscal cliff" - a combination of U.S. government spending cuts and tax rises due to be implemented under existing law in early 2013 that may cut the federal budget deficit but also tip the economy back into recession - could limit any further moves higher. (Reporting by Sudip Kar-Gupta; editing by Simon Jessop)

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