RAMSEY CROOKALL & CO
3 May 2011 Evening Report
The FTSE 100 closed higher, up 0.2%, after swinging between gains
and losses throughout the session as fears about possible reprisals
for the killing of Osama bin Laden and about European debt contagion
countered some positive corporate news. Weak mining stocks also weighed
heavy throughout the session, with Kazakhmys down 3.4% and Antofagasta
off 2.6%, amid struggling base metals prices.
UK PMI data, announced today, showed that the manufacturing sector lost
momentum in April. The outcome is the lowest level in 7 months and nearly
6 points lower than the record high of 61.5 seen in January.
Man Group continued to lead the index till the close, up 3.3%, following
the launch of an open-ended fund in Japan.
Finally, mining titan BHP Billiton said Brazilian mining company, Vale,
its partner in the Samarco project, has approved the $3.5bn expansion plan
for the joint venture. The expansion will increase Samarco iron ore pellet
production capacity by 8.3m tonnes to 30.5m tonnes per annum. First pellet
production is expected in the first half of calendar year 2014.
THE FTSE 100 closed Up 12 @ 6082
THE DOW JONES at 4:50 Up 25 @ 12833
THE NASDAQ COMP at 4:50 Down 16 @ 2847
Exchange Rates
GBP – USD 1.6535
GBP - EURO 1.1108
Researching your Manx family history can be a very interesting and rewarding hobby. Trace your roots in the Isle of Man with our helpful of guide.
