UK market at highest since December 2nd; S&P 500 hits 39th record close this year; Taper speculation picks up ahead of Fed meeting; Carney calls for sustained low rates. Read More
Market overview: UK industrial production comes in bang in line
Tuesday 10 Dec 2013
0930: Industrial production in the UK grew at a 0.4 per cent month-on-month pace during the month of October (consensus: 0.4 per cent), while manufacturing expanded at exactly the same pace (consensus: 0.4 per cent).
0910: Data out overnight from China revealed November retail sales rose 13.7 per cent (pc) year-on-year and up from 13.3pc the previous month. However, November industrial output slowed month-on-month to 10pc (October: 10.3pc). Fixed-asset investments - an indicator of the country's construction activity - climbed at an annualised 19.9pc between January and November, down from 20.1pc between January and October. The FTSE 100 is up four points at 6,563.
0840: The FTSE has edged higher in opening trade, although gains were limited by Fresnillo after it lowered its annual gold production forecast by 8.4 per cent to 425,900 ounces. Lloyds was moving in the oppositve direction after it finally offloaded its remaining stake in St James's Place , as it continues its reduction of 'non-core' assets. On the macro front, BoE Governor Mark Carney last night rejected US Treasury Secretary Larry Summers's claim that wealthy countries have hit a barrier in technological innovation, saying "such worries have proven misplaced in the past and scepticism is warranted now".
Stay alerted with our instant RNS alerts, delivered straight to your inbox. Sign up now.
You are here: news