Friday, February 22, 2013

Reuters: Hot Stocks: Britain's FTSE rebounds, led by miners and banks

Reuters: Hot Stocks
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Britain's FTSE rebounds, led by miners and banks
Feb 22nd 2013, 08:13

LONDON | Fri Feb 22, 2013 3:13am EST

LONDON Feb 22 (Reuters) - Britain's top share index bounced higher in early deals on Friday after sharp falls in the previous session, led by rebounding mining and financial stocks

By 0808 GMT, the FTSE 100 was up 24.43 points, or 0.4 percent, at 6,315.97, having suffered its sharpest one-day fall since July on Thursday on concerns the Federal Reserve could end its stimulus programme sooner than expected, removing a driver of the recent equity rally.

The index, however, found some technical support after pulling back within the three-month up-trend - from lows reached in November 2012, according to Westhouse's technical analyst Dominic Hawker. (Written by David Brett)

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