04/11/13 Market Movements

Markets closed up 28.88 points at 6,763.62 today.

Stock Prices
HSBC closed 2.28% higher today as its interim results were released.  HSBC saw a substantial increase in profits of 30%.  The bank has concentrated on a disposal of non-strategic businesses and HSBC continues to be one of the most profitable global banks.

Market Movements
Markets edged higher today as improved growth data from China was released over the weekend showing the services Purchasing Managers’ Index increased from 55.34 in September to 56.3 in October.