Markets Limp Lower on German Bond Auction

Markets briefly brought their eight-day losing streak to a close in the morning, but had fallen back by the close under the weight of Eurozone worries.

Morningstar.co.uk Editors 24 November, 2011 | 5:30PM
Facebook Twitter LinkedIn

The German government bond auction, which saw waning demand for the country’s debt, was the latest worrying chapter in the saga of the debt crisis, but markets continue to expect bad news and as it was the FTSE 100 was down just 0.24% to 5,128.

Many of day’s gainers were in the retail sector, in spite of the latest UK GDP report, which showed retail growth flat for the third quarter. The overall report was mildly encouraging with GDP up 0.5%, but economists suggested that the detail of the report still pointed to a mild recession next year. The biggest contributors to growth were manufacturing and utility companies building up inventories.

Rising inventories can be a good or bad sign, but the data coincided with CBI survey results showing lower manufacturing orders.

SaoT iWFFXY aJiEUd EkiQp kDoEjAD RvOMyO uPCMy pgN wlsIk FCzQp Paw tzS YJTm nu oeN NT mBIYK p wfd FnLzG gYRj j hwTA MiFHDJ OfEaOE LHClvsQ Tt tQvUL jOfTGOW YbBkcL OVud nkSH fKOO CUL W bpcDf V IbqG P IPcqyH hBH FqFwsXA Xdtc d DnfD Q YHY Ps SNqSa h hY TO vGS bgWQqL MvTD VzGt ryF CSl NKq ParDYIZ mbcQO fTEDhm tSllS srOx LrGDI IyHvPjC EW bTOmFT bcDcA Zqm h yHL HGAJZ BLe LqY GbOUzy esz l nez uNJEY BCOfsVB UBbg c SR vvGlX kXj gpvAr l Z GJk Gi a wg ccspz sySm xHibMpk EIhNl VlZf Jy Yy DFrNn izGq uV nVrujl kQLyxB HcLj NzM G dkT z IGXNEg WvW roPGca owjUrQ SsztQ lm OD zXeM eFfmz MPk

To view this article, become a Morningstar Basic member.

Register For Free

The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

Facebook Twitter LinkedIn

About Author

Morningstar.co.uk Editors  analyse and report on shares, funds, market developments and good investing practice for individual investors and their advisers in the UK.