There were a few bullish signs on UK markets yesterday as slightly more positive news began to filter through. U.K. stocks rose yesterday, extending a four-month high, as cooling Chinese inflation increased speculation that policy makers will do more to stimulate the world’s second-biggest economy. British Sky Broadcasting Group Plc gained 1.2 percent after winning an appeal against a regulator’s decision that it must make its sports channels available to competitors at a set price. Amec Plc slumped the most since October after saying revenue growth will weaken in the second half. The benchmark FTSE 100 Index rose 5.59 points, or 0.1 percent, to 5,851.51 at the close in London, the highest since April 2. The gauge has surged 11 percent from its June 1 low amid optimism that central banks will introduce more measures to stimulate growth. The broader FTSE All-Share Index also gained 0.1 percent today, while Ireland’s ISEQ Index added 1 percent. The U.K.’s FTSE 100 Index futures lost 0.2 percent this morning. Shoppers throughout the country still feel the pinch and the use of same day payday loans is increasingly common.
European stocks climbed for a fifth day yesterday as Nestle SA posted sales growth that beat estimates and a report showed China’s inflation cooled, increasing speculation that policy makers will do more to stimulate the economy. Nestle, which accounts for more than 3 percent of the Stoxx Europe 600 Index, advanced 2.4 percent as higher prices helped to increase revenue. Novo Nordisk A/S gained 1.3 percent after the company raised its full-year sales and profit forecasts. European individuals also are looking at a payday lender to provide credit. Deutsche Telekom AG slid 2 percent after saying it has lost more customers in the U.S. than analysts had forecast. The Stoxx 600 increased 0.4 percent to 270.26 at the close, its highest level since March 19. The equity benchmark has rallied 16 percent since its 2012 low on June 4, with nine straight weeks of gains, as policy makers eased repayment terms for Spanish lenders and optimism grew that central banks will add more stimulus. European stock futures dropped, indicating the Stoxx Europe 600 Index will snap a five-day rally, as worse-than-expected Chinese trade data added to evidence the global economy is slowing. Futures on the Euro Stoxx 50 Index expiring in September fell 0.5 percent to 2,422 at 7:04 a.m.
European stocks climbed for a fifth day yesterday as Nestle SA posted sales growth that beat estimates and a report showed China’s inflation cooled, increasing speculation that policy makers will do more to stimulate the economy. Nestle, which accounts for more than 3 percent of the Stoxx Europe 600 Index, advanced 2.4 percent as higher prices helped to increase revenue. Novo Nordisk A/S gained 1.3 percent after the company raised its full-year sales and profit forecasts. European individuals also are looking at a payday lender to provide credit. Deutsche Telekom AG slid 2 percent after saying it has lost more customers in the U.S. than analysts had forecast. The Stoxx 600 increased 0.4 percent to 270.26 at the close, its highest level since March 19. The equity benchmark has rallied 16 percent since its 2012 low on June 4, with nine straight weeks of gains, as policy makers eased repayment terms for Spanish lenders and optimism grew that central banks will add more stimulus. European stock futures dropped, indicating the Stoxx Europe 600 Index will snap a five-day rally, as worse-than-expected Chinese trade data added to evidence the global economy is slowing. Futures on the Euro Stoxx 50 Index expiring in September fell 0.5 percent to 2,422 at 7:04 a.m.
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