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FTSE 100 bounces back

FTSE 100 bounces back

Tuesday 22nd September 2009

The FTSE 100 has risen by over one per cent in early trading, cancelling out yesterday's drops.

At 08:54 BST, the index was up 1.01 per cent to 5,186.47 – putting on 52.11 points.

The index was back up as the commodity stocks took back some of the ground lost yesterday.

Silver miner Fresnillo was up 3.32 per cent, Tullow Oil gained 3.11 per cent, copper miner Kazakhmys rose 2.85 per cent and Xstrata rose 2.74 per cent.

British Airways gained 2.83 per cent.

Utilities meanwhile were down.

Severn Trent fell 2.51 per cent, United Utilities dropped 1.76 per cent and Scottish & Southern fell 0.43 per cent.

Burberry Group fell out of fashion down 1.01 per cent and British Land lost 0.48 per cent.

Last night in the US, the Dow Jones was down 0.42 per cent while the S&P 500 dropped 0.34 per cent.

In Europe this morning, the Dax gained 1.27 per cent and the Cac40 in Paris rose 1.05 per cent.

Asia overnight was a mixed picture. Tokyo Nikkei dropped 0.70 per cent, but the Hang Seng gained 1.06 per cent.ADNFCR-1783-ID-19371739-ADNFCR

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