Oil giant leads strong FTSE start

clock

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...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets