FTSE trades near four-week high ahead of Mark Carney speech
Trading Floor News September 12, 2013 6:56 PM
<p>European markets moved slightly higher on the open today, with the FTSE gaining 1% to 6593 to trade near four-week highs. Bank of England’s Mark […]</p>
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European markets moved slightly higher on the open today, with the FTSE gaining 1% to 6593 to trade near four-week highs.
Bank of England’s Mark Carney is due to talk about the latest inflation report and with Britain embarking on its largest privatisation today to sell the Royal Mail postal service depending on market conditions, we should see a lot of movement.
Stocks to watch today include clothing retailer Next, which is posting an 8.2 per cent rise in first-half profit over success in their internet and catalogue business and with new stores opening.
Supermarket Morrisons posted a 10 percent fall in first-half profit, which was hit by its late entry into online store shopping.
On Wednesday 48000 civil lawsuits were filed against BP for pollution and outsourcing firm Serco and Kazach miner ENRC. Will both leave the FTSE 100 Index?
Investors have a lot to focus on in the markets at the moment and more to come on Friday the 13th, with US retail sales figures coming in at 1.30pm. Thank you for listening.
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