14th August 2012
Investors have bought into recent weakness causing blue chip indexes all over Europe to rebound this morning (August 14th).
The appetite for risk was buoyed by better than expected economic data from France and Germany.
According to Reuters, the FTSE 100 index gained 32.41 points, or 0.6 per cent, during early trading.
Not only did the gross domestic product (GDP) statistics from Europe help the price, it was also lifted by much-needed rise in cyclical oil and mining shares.
While traders are coming to terms with the conditions in Europe there was a stark remainder of the pressures that some sectors currently face.
Results from Irish-based building materials group CRH were symptomatic of the struggling construction sector as it forecast annual earnings to stagnate this year and as a result its price dropped by 4.9 per cent.
At 11:00 pm BST the FSTE 100 current stands at 5,861.49.
Begin trading today! Create an account by completing our form
At One Financial Markets we are committed to safeguarding your privacy.
Please see our Privacy Policy for details about what information is collected from you and why it is collected. We do not sell your information or use it other than as described in the Policy.
Please note that it is in our legitimate business interest to send you certain marketing emails from time to time. However, if you would prefer not to receive these you can opt-out by ticking the box below.
Alternatively, you can use the unsubscribe link at the bottom of the Demo account confirmation email or any subsequent emails we send.
By completing the form and downloading the platform you agree with the use of your personal information as detailed in the Policy.