London market to track eurozone news

Reported by AAP
Saturday, November 5, 2011

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British investors will next week pore over the latest eurozone debt crisis developments, alongside an interest rate decision from the Bank of England and company results.

The FTSE 100 index of leading shares shed 3.1 per cent over the week to finish at 5527.16 points on Friday.

Financial markets have suffered badly in recent days by simmering tensions over the eurozone debt crisis and concerns that bailed-out Greece could exit the single currency in a move which would threaten the entire euro project.

The Bank of England meanwhile unveils its latest monetary policy decisions on Thursday, when it is expected to keep its key interest rate at a record low 0.50 per cent.

Investors will also digest the latest third-quarter results from Lloyds Banking Group on Tuesday and banking giant HSBC on Wednesday.

Other companies reporting their earnings will include mobile phone giant Vodafone, retailer Marks & Spencer, insurer Prudential and hotels specialist InterContinental.

21/05/2013 12:20Sydney, Australia. 21 May,2013
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