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View the article online at http://citywire.co.uk/wealth-manager/article/a660423

Fed QE doubts spark market sell-off

by Chris Marshall on Feb 21, 2013 at 08:52

Investors were due plenty more economic news on Thursday with European manufacturing Purchasing Managers’ Index (PMI) data filtering out, to be followed by the US PMI later. Also in the US, reports on inflation, jobless claims and home sales were also due.

In London, only BAE Systems (BAES.L) and RSA Insurance (RSA.L) were trading higher on the FTSE 100, the latter up 0.3% to 117p as bargain hunters stepped in after yesterday's sharp sell-off.

BAE rose by 4.4% to 346p, with a 6% 2012 profit slump being offset by the announcement of a share buy-back programme and 4% 2012 dividend hike.

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