The FTSE opened this morning at 6131.4 after climbing 67.2 points, or 1.11%.
The rising stocks come after the US Federal Reserve cut its lending rate to banks from 6.25% to 5.75%.
Kazakhmys rose 51 points, or 4.53%, to 1176p. British Energy Group rose 19.25 points, or 4.46%, to 450.75p. Rio Tinto rose 121 points, or 4.06%, to 3103p. Xstrata rose 99 points, or 3.73%, to 2755p. BHP Billiton rose 43 points, or 3.51%, to 1267p.
Segro fell eight points, or 1.52%, to 519p. Reed Elsevier fell 3.5 points, or 0.59%, to 590p. Imperial Tobacco Group fell 12 points, or 0.56%, to 2148p. WPP Group fell two points, or 0.29%, to 697.5p. HSBC fell 0.5 points, or 0.06%, to 901.5p.
The Dow Jones closed at 13079.08 on Friday afternoon after climbing 233.3 points, or 1.82%.
Exxon Mobil rose 3.47 points, or 4.3%, to 84.14c. Alcoa rose 1.37 points, or 4.29%, to 33.29c. United Technologies rose 2.74 points, or 3.85%, to 73.82c. Boeing rose 3.19 points, or 3.44%, to 95.93c. JPMorgan Chase & Co. rose 1.54 points, or 3.39%, to 47.01c.
Du Pont De Nemours fell 0.69 points, or 1.44%, to 47.31c. McDonald’s fell 0.5 points, or 1.04%, to 47.57c. General Motors fell 0.22 points, or 0.71%, to 47.57c. Caterpillar fell 0.36 points, or 0.49%, to 72.64c. Wal-Mart Stores fell 0.01 points, or 0.02%, to 43.49c.
To comment on this story contact:
Tel: 020 7034 2679
E-mail: [email protected]
Tim Berners-Lee’s ‘Solid’ project
963 IFAs surveyed
Our weekly heads-up for advisers
Industry Voice: For generations, life expectancy has been steadily increasing, with more and more people now likely to live to 100.