ftse 100 index down march 5 2012

ftse 100 index down march 5 2012 : UK stocks were headed south today after the Chinese government reduced its longstanding GDP growth target from eight percent to 7.5 percent for the current year. The FTSE 100 stood at 5,892, down 19 points (0.3 percent) from Friday’s close.

In his annual speech to the parliament, China’s Premier Minister Wen Jiabao also said that the government will work on keeping inflation in check after it reached 5.4 percent, well above the four percent target, which has also been set for 2012.

“The cut in growth target for 2012 from 8 percent to 7.5 percent is not necessarily a surprise but perhaps the fact that it has been cut so deeply echoes existing investor concerns over the pace of slowdown in the world's fastest emerging economy,” said chief market strategist at City Index Joshua Raymond.

“On the other hand, Premier Wen has historically sided with being more conservative in growth targets and so there is the potential for growth to exceed these targets by year end.”

For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today

Related Post:

uk stock market

• How payday loan bullies are stealing your cash
• UK stock to watch Invensys, Taylor Wimpey, Vodafone nov 12 2012
• UK Economic out of the double-dip recession report today oct 25 2012
• UK retail sales report september 26 2012
• average payment to a UK bank 2011
• Royal Bank of Scotland shares prices for 8/31/2012
• Lloyds Banking shares prices for 8/31/2012
• London stocks FTSE outlook 8/31/2012
• official figures US economic growth q2 2012
• London stock market closed 8/27/2012
• ETFs Stocks to watch week 27-31 august 2012
• UK Equity markets market closed july 24, 2012
• UK stock market week july 23-27, 2012
• UK Bank Scandals as profits rise, HSBC, Lloyds Banking Group, Royal Bank of Scotland and Barclay
• UK banks need more capital to withstand an escalation in the eurozone crisis
• FTSE 100 stock outlook june 7 2012
• London stock market FTSE 100 down may 23 2012
• impact of Greek exit from Eurozone on UK Economy
• FTSE 100 outlook open may 14 2012
• FTSE stock closed today april 30 2012
• FTSE 100 Risers, Fallers april 26 2012
• Tesco market shares april 2012
• Why Skyepharma stock prices up more than doubled
• FTSE100 expected to open lower today april 23 2012
• British stock market focus next week april 23-27 2012