FTSE 100 Gains Despite Weak PMI Data
(RTTNews) - U.K. stocks advanced on Wednesday despite the latest manufacturing and service sector readings coming in below expectations.
The manufacturing PMI fell from 45.3 to 41.5 in August, hitting a 39-month low, while the services PMI fell from 51.5 to 48.7, touching a 7-month low.
The benchmark FTSE 100 was up 46 points, or 0.6 percent, at 7,317 after closing 0.2 percent higher on Tuesday.
In corporate news, GSK rose about 1 percent after reporting significant positive findings from its first efficacy trial of the 'Shingrix' shingles vaccine in China.
Cohort's, an aerospace defense company, jumped over 4 percent after its unit Systems Engineering & Assessment secured a contract worth 17.5 million pounds from a U.K. customer.
Oil & gas company Ithaca Energy fell nearly 2 percent after posting a drop in first-half attributable profit and revenue.
TSX Tumbles 2%; Technology, Financials Stocks Down Sharply
Swiss Market Ends Weak
European Stocks Retreat After Positive Start, Close Broadly Lower
Bay Street Likely To Open On Mixed Note
European Stocks Pare Early Gains As Markets Digest Earnings, Economic News
Disney Q4 Profit Beats Street, Revenues Miss; Sees Adj. EPS Growth, Plans $7 Bln Buyback; Stock Down
FTSE 100 Moderately Lower At Noon As Investors React To Earnings, GDP Data
