FTSE 100 reaches 16-month high
FTSE 100 reaches 16-month high
Monday 11th January 2010
The FTSE 100 experienced a strong start to the week, opening on Monday morning up over one per cent.At 09:31 GMT the London index stood at 5,590.92, up 56.68 points, or 1.02 per cent.
Growing optimism about the global economy following impressive trade data from China has been credited with the impressive rise, with Britain's top share index reaching a 16-month high with miners and energy stocks leading the way.
Leading the gains in early trading was Cairn Energy, rising 4.06 per cent to 376.6p.
Xstrata and Rio Tinto also witnessed impressive gains, up 3.81 per cent and 3.77 per cent respectively.
The biggest losers in earlier trading were SABMiller, down 1.80 per cent, and Royal Dutch Shell, which fell 1.08 per cent.
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