In the UK, the FTSE 100 Index has recovered from a rickety start this morning, led up 9.20 points to 4,812.50 by mining firm Rio Tinto, after another estimate that iron ore and coking coal prices will rise through this year.
Rio Tinto has added 70p or 4.3% to 1690p. Antofagasta was up 41p to 1,183p, while BHPBilliton added 15.50p to 652.50p. Cairn Energy picked up 32p to 1,197p as oil prices continued to climb. Fallers are led by Smiths Group, which makes parts for Boeing planes and anthrax-detection systems for the US Postal Service. Smiths shed 27.50p to 826.50p as analysts cut its stock rating. Cruise company carnival shed 95p to 3,130p. SABMiller lost 21p to 784p. In the US the Dow Jones Industrial Average has provided some cheer, away from massive losses incurred towards the end of last wee...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
