US retail sales rose more than expected in October due to Americans starting holiday shopping early with some merchandise in short supply as
Oil prices continued their decline at the beginning of the week's trading
The strong performance in mining, energy and banking stocks is helping the FTSE 100 to outperform.
Gold prices jumped during today's trading, reaching its highest level in more than two months, around the levels of $1,830 an ounce, following the data of the Producer Price Index in the United States,
It has been a quiet start to the week following the exciting moves seen in the markets last week. The actions of the Federal Reserve and Bank of England pushed up stocks, and Friday’s US non-farm payrolls report was the icing on the cake.
Last month the Associated British Foods (ABF) share price fell to an 11 month low as the company confirmed that its clothing division, Primark, experienced lower than expected sales during the summer.
It has been a busy 24 hours for central banks as the Federal Reserve announced its tapering plans last night, and today, the Bank of England kept rates on hold, disappointing may traders.
Stocks are a touch lower as traders await the Federal Reserve meeting. There is growing speculation the US central bank will announce the tapering of its bond buying scheme, which currently stands at $120 billion per month.
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