UPDATE 1-UK Stocks-Factors to watch on Feb. 25

martes 25 de febrero de 2014 03:31 GYT
 

LONDON Feb 25 (Reuters) - Britain's FTSE 100 futures contract was down 0.2 percent on Tuesday, with the cash market in technically overbought territory and set to consolidate near recent highs, according to financial bookmakers.

* The UK blue chip index closed up by 0.4 percent, or 27.80 points, at 6,865.86 points on Monday, just 1.2 percent below its December 1999 record level of 6,950.60. The index rose for its seventh straight session and had a relative strength indicator (RSI) reading on a nine-day basis of around 80. If a market has an RSI above 70, it indicates it is technically "overbought" while under 30 shows it is technically "oversold".

* London copper on Tuesday bounced from its lowest level in more than two weeks.

* GKN : British car and plane parts maker GKN reported a 17 percent rise in annual profit, beating analyst expectations, as strong demand in its automotive unit offset sluggish growth in military markets.

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