Economy
In reply to the discussion: STOCK MARKET WATCH -- Friday, 16 March 2012 [View all]Ghost Dog
(16,881 posts)LONDON, March 16 (Reuters) - Britain's top shares posted modest gains on Friday morning, supported by miners which extended their recent advance, with trade set to be volatile due to futures and options expiries...
... UBS said an upgrade of its British GDP estimates for 2012 and 2013 provided the catalyst for its RBS recommendation upgrade. "A more positive view on the UK combined with improving economic momentum in the U.S. where growth expectations are already well embedded will pave a way for improved performance in RBS's core business and should contribute to lower losses in the non-core division," the bank said in a note.
Investors have a number of further U.S. economic releases to digest on Friday, including consumer prices data and industrial output figures.
Volumes recently have been at a very low ebb, with money managers sticking firmly to the sidelines, waiting for the next drivers to push the market higher.
/... http://uk.reuters.com/article/2012/03/16/markets-britain-stocks-idUKL5E8EG0SG20120316