403
Sorry!!
Error! We're sorry, but the page you were looking for doesn't exist.
UK- FTSE holds firm to hover near record highs
(MENAFN- Saudi Press Agency) Britain's top share index hovered just below last month's record highs on Thursday as miners gained ground on expectations that China, the world's largest metals consumer, will launch more stimulus measures to support its economy, Reuters reported.
The UK mining index rose 0.6 percent, the top sectoral gainer, after a survey showing Chinese factory activity contracted for a third month in May indicated a persistent weakness in the world's second-largest economy.
The blue-chip FTSE 100 index was flat at 7,005.28 points by 1100 GMT, leaving it less than 2 percent below a record high of 7,122.74 points reached in April. The FTSE remains up by around 7 percent since the start of 2015.
-SPA
The UK mining index rose 0.6 percent, the top sectoral gainer, after a survey showing Chinese factory activity contracted for a third month in May indicated a persistent weakness in the world's second-largest economy.
The blue-chip FTSE 100 index was flat at 7,005.28 points by 1100 GMT, leaving it less than 2 percent below a record high of 7,122.74 points reached in April. The FTSE remains up by around 7 percent since the start of 2015.
-SPA
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Most popular stories
Market Research
More Story
Comments
No comment