FTSE climbs on strong US data

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The FTSE 100 climbed this morning after the US saw some strong company reports, up 40.03 points (1%) to 4,058.26.

Investors are currently awaiting official GDP figures, which could have dramatic effects on shares later today. Mining firms performed well in early trade, with Xstrata adding 3.8% to 545p, while Kazakhmys added 3.7% to 494p. Cable & Wireless was the biggest winner after tech firms in the US saw strong first quarter performance. Investment firms offset the blue chip index's gains, with Schroders down 1.6% to 748p while Foreign and Colonial Investment Trust dropped 0.8% to 223.75p per share. On Wall Street, shares climbed after good news from the technology sector, with the Dow Jones ...

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