Mon, 11th Mar 2013
The leading share index in the UK stalled on Thursday after several of the central banks opted to hold fire on any further quantitative easing. By the end of the session, the FTSE 100 was slightly higher, moving upwards by 0.18 per cent to reach 6439.The recent high climbs paused during the penultimate session of the week after investors stopped to consider their next steps. Market sentiment swung into cautious mode after it was revealed that several of the central banks were opting for a cool approach with regards to monetary stimulus. The Bank of England, the European Central Bank and the Bank of Japan all opted to hold fire on any further action although the latter is expected to radically change its policy with the imminent arrival of the new governor. Investors will be waiting for the minutes of the BofE meeting to be released to see whether there was any further swing in the voting towards an injection of cash.In other market news, word from the US was continuing to boost sentiment with the latest jobless figures coming in way below the forecast, the third lowest level seen in almost five years.The top of the leaderboard wasn't in question on Thursday with temporary power supplier Aggreko dominating trading with a rise of 10.30 per cent. The firm has seen its shareprice soar after announcing an increase in profits for 2012 of 13 per cent and was further lifted by an upgrade in its rating frmo influential broker Investec.