20/02/14 Market Movements

The FTSE 100 closed up 16.28 points at 6,812.99 as mining stocks suffered after reports from China suggested there had been a drop in China’s factory activity, while BAE Systems slid after forecasting a decline in earnings this year.

The FTSE recovered late in the day off the back of strong U.S. manufacturing data.

Stock movements
CAT stock is currently  up 0.95% at $97.21

BAE systems fell 8.33% to close at 400.4p after announcing it faces continuing US budget pressures and stated its earnings per share would probably fall by circa 5% to 10% in 2014.