Reuters: Hot Stocks: UK's FTSE steadies near multi-year highs

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

UK's FTSE steadies near multi-year highs May 16th 2013, 07:09 LONDON | Thu May 16, 2013 3:09am EDT LONDON May 16 (Reuters) - Britain's benchmark equity index steadied on Thursday near 5-1/2 year peaks, helped by solid earnings by major companies although some traders said more big moves higher were unlikely in the near term. The blue-chip FTSE 100 index was roughly flat at 6,695.30 points by 0705 GMT, pausing for breath after a 10-day winning streak that had pushed the market to its highest level since early 2008. "It's been up for 10 days in a row, so I think it is running out potential upside in the near-term," said Central Markets chief strategist Richard Perry, who added the index was reaching a resistance level at around the 6,700 point mark. (Reporting by Sudip Kar-Gupta, editing by Atul Prakash)

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