FTSE 100 heads higher
FTSE 100 heads higher
Monday 1st June 2009
The FTSE 100 headed 1.41 per cent higher in early trading to 4,480.23 by 08:30 BST as hopes for a global economic recovery continued.Commodities led the rise, with Vedanta Resources up by 6.33 per cent and Kazakhmys up by 5.58 per cent, while Rio Tinto rose by 5.21 per cent.
Only Compass Group and Schroders were in the red, down by 0.63 per cent and 0.12 per cent.
The blue-chip index followed a rally on the US stock markets, as rising commodity prices helped mining firms and a falling dollar boosted multinationals.
The Dow Jones was up by 1.2 per cent at the close on Friday, while the S&P 500 rose by 1.4 per cent.
Related News
Sun shines on May house prices - 29/05/09
House prices were up for the second time in three months according to the latest figures from Nationwide
House prices were up for the second time in three months according to the latest figures from Nationwide
Govt's car scrappage scheme leads to boost in sales - 29/05/09
Over 35,000 new cars have been ordered since the launch of the government's new car scrappage scheme last month, official figures show
Over 35,000 new cars have been ordered since the launch of the government's new car scrappage scheme last month, official figures show
UK consumers stoical over economy - 29/05/09
Despite the fear of further job losses and the prospect of a swine flu pandemic, British consumer sentiment held firm in May
Despite the fear of further job losses and the prospect of a swine flu pandemic, British consumer sentiment held firm in May
News Article Search
Quick Apply
News Archive