Bloomberg News

U.K. Stocks Fluctuate; FTSE 100 Index Little Changed

November 16, 2011

Nov. 16 (Bloomberg) -- U.K. stocks swung between gains and losses as the European Central Bank was said to have bought Italian bonds, easing borrowing costs.

The benchmark FTSE 100 Index was little changed at 5,515.52 at 9:27 a.m. after swinging between gains and losses at least five times so far today. The gauge earlier fell as much as 0.7 percent after Italian bond yields climbed above 7 percent.

Stocks reversed earlier losses after the ECB was said to have bought bonds, according to two people with knowledge of the trades. The purchases were larger-than-usual sizes and quantities, the people said.

To contact the editor responsible for this story: Sarah Jones at sjones35@bloomberg.net


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