The FTSE100 has rebounded from a sluggish opening for miners to sit comfortably in the black this morning, up 41.70 points (0.78%) to 5396.40.
The commodities sector is mixed bag so far, with rising crude costs boosting the oil giants. Royal Dutch Shell leads the way, its A stock is up 2.81% to 1830 and B is 2.46% higher to 1793.
Brewer SABMiller has started well, up 2.79% to 1068; while news company Thompson Reuters is 2.73% ahead to 1391.
Lower metal prices have hit the mining giants, with Eurasian 1.99% lower to 1035. Compatriots Kazakhmys and Ferrexpo are also in decline, down 1.76% to 1398 and 1.73% to 270.50 respectively.
In New York, US stocks closed last week lower on gloomy new economic figures as well as a higher than expected jobless rate rise. The Dow Jones IA finished Friday down 51.70 points (0.45%) to 11326.32.
General Motors slid further following an 18% fall in Q2 revenue, down 7.59% to 32.14. The declining metal prices stung aluminium producer Alcoa, 4.77% lower to 1.61.
In Tokyo, Japanese stocks started the week poorly as the country’s car manufactures were hit with a 10-year low in US car sales. The Nikkei 225 closed Monday down 161.41 yen (1.23%) to 12,933.18.IFAonline
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