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Market overview: Footsie gains slightly for third day in a row
Monday 17 Jun 2013
1630:Close UK stocks managed to finish slightly higher for a third consecutive day, led higher by shares of Aggreko, ahead of a trading update tomorrow. Resolution, Reckitt Benckiser and Burberry also benefitted from positive broker commentary. ARM Holdings was side-swiped by negative research notes out from analysts at Numis and Bernstein. In general traders seem to be opting to hold their fire ahead of Wednesday’s US Federal Reserve meeting. UK home asking prices rose by 1.2% month-on-month in June, according to Rightmove. FTSE 100 up 22 to 6,330.
1500: The NAHB's housing market index for the month of June has come in at 52 points, well ahead of the 44 point level of a month ago and the 45 points which had been forecast by the consensus. FTSE 100 up 54 to 6,361.
1330: The Federal Reserve bank of New York's manufacturing sector gauge for the month of June has come in at 7.84 points versus -1.43 in the month before (Consensus: 0.0).
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