LONDON Dec 6 (Reuters) - Britain's top share index was flat in early deals
on Thursday, with investors wary ahead of the final Bank of England and European
Central Bank monetary policy decisions for 2012, although no changes are
expected.
Underlying support, however, came from renewed hopes for negotiations in
Washington to avoid the so-called fiscal cliff of year-end tax hikes and
spending cuts after President Obama on Wednesday that said a deal was possible
within a week, though he expressed it as a hope not a prediction. His comments
boosted stocks on Wall Street and in Asia.
At 0813 GMT, the FTSE 100 index was up 4.87 points, or 0.1 percent,
at 5,896.97, having closed 0.4 percent higher on Wednesday.
Standard Chartered was a FTSE 100 gainer, up 0.6 percent after the
bank said it expects to pay $330 million to settle a case with U.S. regulators
who accused the Asia-focused lender of failing to comply with sanctions against
Iran, further denting profit growth this year.
Rolls-Royce was the biggest blue chip casualty, down 5 percent as the
aerospace and defence group said it had passed information to Britain's Serious
Fraud Office relating to concerns about bribery and corruption involving its
intermediaries overseas.
(Reporting by Jon Hopkins; Editing by Sudip Kar-Gupta)
Source: http://news.yahoo.com/britains-ftse-flat-central-banks-news-awaited-081649214--sector.html
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