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Britain's FTSE finds buyers after worst day in 1-1/2 yrs
by Cals Fri 21 Jun 2013, 16:11
Britain's FTSE finds buyers after worst day in 1-1/2 yrs
Business & Markets 2013
Written by Reuters
Friday, 21 June 2013 15:54
LONDON (June 21): Britain's FTSE 100 index edged higher on Friday, with some investors seeing cheap buying opportunities after the market's biggest one-day drop in 1-1/2 years, and with technical charts offering some support.
The FTSE 100 was up 10.27 points, or 0.2 percent, by 0701 GMT, edging up from five-month lows hit the previous session and holding above its 200-day moving average.
The British benchmark dropped 3 percent on Thursday, its worst daily showing since September 2011, spooked by news that the U.S. Federal Reserve was planning to scale back its equity-friendly stimulus programme in coming months. - Reuters
Business & Markets 2013
Written by Reuters
Friday, 21 June 2013 15:54
LONDON (June 21): Britain's FTSE 100 index edged higher on Friday, with some investors seeing cheap buying opportunities after the market's biggest one-day drop in 1-1/2 years, and with technical charts offering some support.
The FTSE 100 was up 10.27 points, or 0.2 percent, by 0701 GMT, edging up from five-month lows hit the previous session and holding above its 200-day moving average.
The British benchmark dropped 3 percent on Thursday, its worst daily showing since September 2011, spooked by news that the U.S. Federal Reserve was planning to scale back its equity-friendly stimulus programme in coming months. - Reuters
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