17th January 2012
The UK's blue chip index the FTSE 100 has reacted positively to data coming out of China that the country's economy grew in the last quarter of 2011.
Growth of 0.8 per cent has been seen on the index so far today (January 17th) with the market standing at 5,699.98 as of 13:10 GMT, Bloomberg reports.
It came following the announcement that Chinese economic growth was down slightly from previous quarters, prompting investors to expect easier monetary policy in the coming months.
Jonathan Sudaria, a trader at London Capital Group, told the news provider: "Given the drop-off in demand for Chinese imports from Europe and the wider global economic uncertainty, traders are spinning the data as a positive given that it could have been worse."
Earlier this week, the Daily Telegraph reported the FTSE 100 had a stable Monday recording a rise of just 0.07 per cent following a consolidation of gains over recent weeks by investors.
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