The FTSE trades flat to slightly lower this Friday morning

<p>Having closed strongly yesterday at around 5935 level, the FTSE trades flat to slightly lower this Friday morning by about 10 points. Elsewhere in Europe, […]</p>

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  • Having closed strongly yesterday at around 5935 level, the FTSE trades flat to slightly lower this Friday morning by about 10 points.
  • Elsewhere in Europe, the German DAX trading flat at 6940, and the French CAC is also trading within a flat range.
  • The biggest riser on the day is utilities firm International Power; which along with its controlling shareholder GDF Suez Asia, has announced they have signed 30-year Power Purchase Agreements for two major geothermal projects with PLN, the state-owned utility of Indonesia. International Power is trading higher by 3%.
  • Also trading higher is engineering firm IMI, which reported this morning that its revenues increased by 12% year on year, and dividends increasing by 15%. IMI are also one of the leaders this morning, up by 1.7%.
  • Amongst the FTSE fallers, Kazakhmys is down by over 2%, along with miners XTA and Randgold Resources. GKN and Next are also trading lower.
  • The dollar is showing some strength this morning so it is not surprising to see some of the miners amongst the fallers, with cable lower by 0.2%, and the euro against the dollar also down by 0.5%.
  • It is a very light day on the corporate and economic data front, but figures to keep an eyes on would be with European Monetary Union PPI at 10am.
See the City Index Economic Calendar and Companies Reporting Dates page for latest economic news and company events that are likely to impact the markets today.

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