EU stocks open positive on better than expected Chinese trade data
Trading Floor News April 10, 2013 4:28 PM
<p>UK stocks have begun the day higher after trade data from China showed an improvement in domestic demand as imports outstripped exports in March, showing […]</p>
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UK stocks have begun the day higher after trade data from China showed an improvement in domestic demand as imports outstripped exports in March, showing that China’s economic recovery remains on track.
This had a significant influence on oil and mining firms, with Rio Tinto gaining 1.3% and oil group Total SA rising 0.4%, pushing the market higher. Vedanta Resources also rose 3% after reporting better than expected production figures.
With shares on the rise the FTSE gained 0.3% to 6332 and EasyJet topped the FTSE leader board, climbing 5% after City Group raised its rating for the airline.
Looking over to the US, after the recent weak economic reports investors will be focusing on minutes from last week’s policy meeting of the US Federal Reserve due at 7pm GMT this evening.
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