FTSE surges on strong Wall St open

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The FTSE 100 Index surged 106.60 points, or 1.9%, to 5,785 points today after a strong start on Wall Street.

Vedanta Resources was the best performer, up 6.71% to 1,336p. Antofagasta also rose 5% to 414.75p, while Xstrata gained 5.86% to 1,988p and Rio Tinto advanced 4.07% to 2,835p as copper prices remained high. Crude prices stuck above $72 a barrel, taking Shell up 2.20% to 1,811p and Cairn Enery up 0.84% to 2,155p. PartyGaming rose 0.66% to 114.25p on reports it is to expand into sports betting by making acquisitions, funded by the issue of bonds that could raise £500m. In the US, the Dow Jones industrial average is up 77.16 points, or 0.70%, at 11,050.72 points as news of stronger-tha...

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