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| UK Market Update Archive: |
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Unemployment Claims Rise, Stocks Fall
Jul 16, 3:23 PM EDT |
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| UK stocks edged lower on weak mining and energy stocks. ICAP rose 8% after it supported its earnings estimates. |
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| UK stocks edged lower after a fall in crude oil and base metal prices. Miners and energy stocks led the decliners dragging FTSE 100 index lower 0.4%. Financial rebounded on the rally in sector in the U.S. and in Europe after better than expected earnings from Wells Fargo. Barclays investors in the recent public offering have suffered a loss of 14%, before the completion of the offering. Separately, unemployment claims rose but the rate remained at 5.2%. |
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