After a fairly turbulent week which saw the markets end on a low, things have begun the week in a far more positive fashion
City Index February 13, 2012 5:09 PM
<p>After a fairly turbulent week which saw the markets end on a low, with the FTSE down 43points and the Dow down 89 points on […]</p>
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- After a fairly turbulent week which saw the markets end on a low, with the FTSE down 43points and the Dow down 89 points on Friday, things have begun the week in a far more positive fashion.
- Despite widespread discontent and violence, the Greek Parliament has approved an Austerity Bill which was needed to acquire a second bailout from the European Union and IMF and hopefully avoid a default that would send Europe spiralling out of control.
- Currently the FTSE is up 45 points at 5898 and in both France and Germany the DAX and CAC are up around 1%.
- Anglo American is the biggest gainer so far, up 3.3% as the miners push on. Kazakhmys, Rio Tinto and Vedanta are all up 2.5% to 2% respectively.
- With not many companies in negative territory this morning, Tesco is the biggest faller, down around 0.25%.
- With no major data released today, investors are looking to later in the week with British inflation and unemployment figures of note as well as US CPI figures.
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