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Sector movers: London races to catch up with Europe
Tue, 22 May, 2012
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Sector movers: London races to catch up with Europe
Tue, 3 Jan 2012, 10:07:00
The mineral extractors have got off to a good start after moderately encouraging manufacturing data from China. China's official purchasing managers' index (PMI) rose to 50.3 in December from 49 in November; a value above 50 indicates an expansion in business activity.
Anglo American
is among those on the up, after it said it would resist an attempt by Chilean state-owned
Codelco
to exercise an option to buy a 49% stake in Anglo American Sur, a huge copper mining plant in Chile that Anglo has spent billions upgrading. With London playing catch-up with many European markets which notched up solid gains yesterday - a bank holiday in the UK - there are no sectors in the red so far this morning.
Top performing sectors so far today
Automobiles & Parts 4,465.71 +4.37% Industrial Metals & Mining 4,051.03 +4.32% Mining 20,251.10 +3.44% Construction & Materials 3,559.45 +2.32% Technology Hardware & Equipment 756.73 +2.13%
Bottom performing sectors so far today
None --
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