Established 1999
123jump.com - U.S. Financial Information Archive: 90,000 Annual and 10-K reports – 20,000 Global news stories - 3,500 IPO reports - 1,700 - Earnings Calls – 320 Fund Interviews – 10-year Annual earnings on 4,500 stocks – 20 Quarterly earnings on 3,600 stocks – 1,800 IPO prospectuses – 1,200 Economic data releases
     
   
 
UK Market Update : 
UK Retail Sales Rise, Stocks Decline
Author: 123jump.com Staff
123jump.com
Last Update: 4:09 PM EDT March 20 2008


(Continued)

Email article | Print article

UK retail sales in three months ending in February rose 1% from previous three months and jumped 4.7% from a year ago. The rise in sales was recorded in food stores, non-store retailing and repair services. February current budget surplus rose to £2 billion compared to £700 million in the month a year ago. Net UK debt increased to £516.4 billion.

 
Homebuilders rose as well. Persimmon advanced 2.72% and Home Retail Group edged up 2.60%.

Anglo America Plc led decliners in the FTSE 100 index shares with a drop of 8.11% followed by losses in Antofagasta Plc of 6.68%, in Cairn Energy of 6.56%, in Xstrata Plc of 6.27%, and Tullow Oil of 6.23%.

Commodity stocks fell on worries demand will drop as U.S. economic growth slowed. Vedanta Resources plunged 5.37% and Kazakhmys Plc edged up 6.21%.

World Markets Review

In Hong Kong Hang Seng index decreased 758.72 or 3.47% closed to 21,108.22. Australia ASX 200 index decreased 161.60 or 3.06% to close 5,127.50. Market of Japan, India, Indonesia, Pakistan, Philippines and Malaysia were closed.

In South Korea Kospi Index increased 1.16 or 0.07% to close at 1,623.39, in Thailand SET index closed lower 9.56 or 1.18% to 798.11.

In London FTSE 100 Index closed lower 50.40 or 0.91% to 5,495.20, in Paris CAC 40 Index decreased 22.23 or 0.49% to close at 4,533.72 and in Frankfurt DAX index lower 41.23 or 0.65% to close at 6,319.99. In Zurich trading SMI decreased 63.13 or 0.89% to close at 7,009.86.
  1  2 More: UK Market Update Archive

 



© 1999-2008 123jump.com. All rights reserved