Markets edge higher after positive start on Wall Street; Tullow Oil, mining stocks limit gains in London; Chinese exports slow; Japan GDP revised lower. Read More
Market overview: Chinese data in focus
Monday 09 Dec 2013
1630:Close London equities finished the day in the blue, taking their cue from gains Stateside and over on the Continent. That came despite slightly weaker than forecast Chinese importa data released over the weekend. IAG flew higher on reports that subsidiary British Airways is looking to block changes to its pension scheme that could lead to increased payments to its retired employees. Aviva was on the up after being included by analysts at Bank of America in their Europe-1 list. TUI gained ahead the release of its final full-year results, tomorrow. Investors will now be waiting on remarks due out from three Fed speakers and a speech from Governor Carney himself, in New York, at about 17:20. A slew of Chinese data is scheduled for release this evening. FTSE 100 up 7 to 6,559.
1437: Stock in Aviva continues to rise after Bank of America added the insurer to its top European picks list. Petrofac, on the other hand, was downgraded by analysts at UBS to neutral from buy.
1436: "The deal signed in Bali this weekend was reached only after the bulk of the Doha trade agenda was dropped from the negotiations. We doubt that it will make much difference to world trade volumes and nor do we think it signals a renaissance for multilateral trade negotiations," writes Capital Economics.
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