Home

 
India Bullion iPhone Application
  Quick Links
Currency Futures Trading

MCX Strategy

Precious Metals Trading

IBCRR

Forex Brokers

Technicals

Precious Metals Trading

Economic Data

Commodity Futures Trading

Fixes

Live Forex Charts

Charts

World Gold Prices

Reports

Forex COMEX India

Contact Us

Chat

Bullion Trading Bullion Converter
 

$ Price :

 
 

Rupee :

 
 

Price in RS :

 
 
Specification
  More Links
Forex NCDEX India

Contracts

Live Gold Prices

Price Quotes

Gold Bullion Trading

Research

Forex MCX India

Partnerships

Gold Commodities

Holidays

Forex Currency Trading

Libor

Indian Currency

Advertisement

 
PR: Eurozone stimulus hopes fuel London share rise Share
 
The London market built on its gains on Thursday amid speculation about fresh eurozone stimulus from the European Central Bank.

The FTSE 100 Index picked up 46.43 points to 6384 while the CAC-40 in Paris rose 55.6 points to 4949 and Germany's Dax lifted 156 points to 11,325.

UK shares reached the highest in over two weeks while those in Germany touched fresh three-month highs.

Jasper Lawler at CMC Markets said: "Talk that the ECB is considering a two-tier deposit rate has raised expectations over the size of stimulus that the central bank will almost certainly introduce in its meeting next week."

Bank lending to businesses in the single currency bloc rose by €19bn in October after a drop of €9bn in September.

Meanwhile, bank loans to households continued to trend up gradually in October as the year-on-year growth rate edged up to 1.2% year-on-year, the best since early 2012.

It rose from 1.1% in September, 1% in August, 0.9% in July and 0.7% in June.

IHS Global Insight's Howard Archer said: "While the European Central Bank (ECB) will take some comfort from the October’s pick-up in bank lending and money supply growth in October, it is unlikely to deter the bank from pressing ahead with further stimulus in December."

In the London market, TalkTalk (LON:TALK) continued its ascendancy after speculation on Wednesday about possible takeover bids from Vodafone (LON:VOD), Deutsche Telekom and Li Ka-Shing's Hutchison Whampoa. Shares rose 9.3p, or 3.9%, to 248.9p.

Marston's (LON:MARS) frothed up 7.2p to 166.7p as the pub and brewing group attributed higher annual profits to the success of its growing estate of new-build pub restaurants.

Barclays (LON:BARC) gained 3p to 224.5p despite news that it was facing a £72mln fine from UK regulators for failing to carry out enough checks on rich clients.

Elsewhere, Coal of Africa (LON:CZA) heated up 0.3p, or 12%, to 2.8p after it agreed to buy South African miner Universal Coal (ASX:UNV).

Alliance Pharma (LON:APH) will effectively double in size following the planned acquisition of Sinclair IS PHARMA (LON:SPH) for £132.2mln. Shares in Alliance fell 5.5p to 45.5p but Sinclair's stock rose 2.5p, or 7%, to 38.25p.

Pan African Resources (LON:PAF) ticked up 0.19p to 7.2p as it forecast higher half-year earnings due to an improved operating performance from its mines and a better gold price.

Shares in First Property (LON:FPO) advanced 0.5p to 47.25p after increasing its interim dividend by 10% as its growing portfolio in Poland and Romania offset lower fund management income.
Source