Reuters: Hot Stocks: Britain's FTSE rises on new S&P record, Asia growth outlook

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

Britain's FTSE rises on new S&P record, Asia growth outlook Jul 23rd 2013, 07:11 LONDON, July 23 | Tue Jul 23, 2013 3:11am EDT LONDON, July 23 (Reuters) - Britain's FTSE rose in early deals on Thursday, as fresh record highs in the U.S. stock markets and encouraging forecasts of GDP out of Asia gave a filip to growth sensitive stocks. The S&P 500 notched a third consecutive record closing high on Monday, while Japan upgraded its economy view and China made a commitment to maintain growth above 7 percent. So-called cyclical stocks, such as financials and basic materials which are sensitive to optimism over the global economy led the market higher, contributing 17 points to a 28 point advance on the FTSE 100. By 0707 GMT, the blue chip index was up 0.4 percent at 6,651.71, just 0.1 percent off setting a new six week high.

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