FTSE100 and other european indices all inched higher this morning, rebounding slightly from their worst levels for almost 6 weeks. Sentiment is expected to remain fragile, however as investors await news from the Federal Open Market Committee meeting tomorrow. The Fed is expected to continue scaling back its asset purchases this month. The impact of a China slowdown is still being feel in world markets amid recent volatility in emerging market currencies.
This morning British Land (BLND.L) released a favourable trading update and has been trading higher. The company revealed like-for-like occupancy for the third quarter is up 30 basis points to 97.1%
also in the news is metals producer Fresnillo FRES.L trading lower this morning even though it released a statement beating Silver production targets for 2013 and on target production for Gold. Targets for 2014 however are likely to remain flat.
FTSE100 and other european indices all inched higher this morning, rebounding slightly from their worst levels for almost 6 weeks. Sentiment is expected to remain fragile, however as investors await news from the Federal Open Market Committee meeting tomorrow. The Fed is expected to continue scaling back its asset purchases this month. The impact of a China slowdown is still being feel in world markets amid recent volatility in emerging market currencies.
In focus today is Royal Bank of Scotland (RBS.L), which has extended its losses after its update late yesterday detailing another £3Bln reserved for claims relating to the credit crisis and warning of further losses. Oil / Gas company BG group continues to fall after yesterdays disappointing update to investors.
This morning British Land (BLND.L) released a favourable trading update and has been trading higher. The company revealed like-for-like occupancy for the third quarter is up 30 basis points to 97.1%
also in the news is metals producer Fresnillo FRES.L trading lower this morning even though it released a statement beating Silver production targets for 2013 and on target production for Gold. Targets for 2014 however are likely to remain flat.
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