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Sector movers: Banks helped higher by macro data
Tue, 22 May, 2012
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Sector movers: Banks helped higher by macro data
Thu, 22 Dec 2011, 16:22:00
The banks were on the rise on Thursday afternoon helped by some helpful economic data at home and abroad.
 
 <b>Lloyds</b> led the way, followed closely by <b>RBS</b> and <b>Old Mutual</b> as stocks rallied on news that the UK gross domestic product (GDP) grew by 0.6% in the third quarter in volume terms versus the previous three months, according to the latest data released this morning by the Office for National Statistics (ONS). Market consensus was for a reading of 0.5%. 
 
 Meanwhile, the US Department of Labor has revealed that initial unemployment claims for the week ending December 18 fell by 4,000 to 364,000, compared with market consensus looking for a reading of 380,000 claims.
 
 BC
 
 <b>Top performing sectors so far today
 </b>Real Estate Investment & Services 1,532.91 +2.19%
 Banks 3,321.29 +2.08%
 Industrial Metals & Mining 3,996.42 +2.05%
 Construction & Materials 3,362.39 +1.96%
 Oil & Gas Producers 8,438.31 +1.77%
 
 <b>Bottom performing sectors so far today
 </b>Industrial Transportation 2,177.00 -0.10%
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