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FTSE unaffected by unemployment figures

FTSE unaffected by unemployment figures
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The FTSE 100 has stayed in positive territory during stock market trading so far today (February 17th), despite the release of worse-than-expected unemployment statistics.

According to Reuters, the index was up 0.99 per cent to 5,295.92 points by 13:05 GMT, led by Man Group, which added 5.75 per cent.

Eurasian Natural Resources and Lloyds Banking Group climbed by 4.5 per cent and 4.45 per cent respectively and Kingfisher and Home Retail Group also saw their stock end the morning higher.

"After yesterday's solid finish for Wall Street, investors remain in confident mood," noted Nick Serff of City Index, adding that stock market trading was largely unaffected by the release of unexpected unemployment statistics showing a rise in the number of people claiming jobseeker's allowance.

He explained that investors will be keeping a "close watch" on the value of the euro during the afternoon, as its value could decline further due to continuing concerns about Greece's financial situation.

Posted by Greg SeckerADNFCR-1681-ID-19621351-ADNFCR