Huge Dow Jones gains drive FTSE

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A strong performance on Wall Street overnight has led to an opening surge for the FTSE 100, currently up 63.5 points, or 1.03%, to 6252.6.

Again it seems to be the miners dominating the market, with Antofagasta posting a solid result early, up 22 points or 3.27%, to 694. Anglo American, the world’s second largest miner, is up 80 points, or 2.98%, to 2765; while Lonmin is ahead 85 points, or 2.76%, to 3170. The wettest British June on record hit Scottish & Newcastle’s first-half profit, the brewer currently down 7 points, or 1.22%, to 565. In New York, the Dow Jones pegged back much of the losses incurred on Friday, posting the biggest gain in five years of 286.87 points, or 2.18%, to close 13468.78. American Express w...

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