The Dow Jones has climbed sharply in early trading this morning on anticipation of a positive start to the US reporting season. At 10.40am, the index was 112.07 points (1.17%) higher to 9711.82.
Aluminum producer Alcoa, which kicks off the third-quarter earnings season tomorrow, leads the way – up 3.65% to $13.91 on rising copper and gold prices. Chemicals maker DuPont and General Electric have also advanced, up 3.35% at $32.41 and 2.91% at $16.29 respectively. In the UK, the FTSE 100 has continued its upward movement, up 102.16 points (2.03%) at 5126.49, with miners continuing to lead the index. Kazakhmys, Vedanta Resources, Randgold Resources and Anglo American have all powered higher on the back of rising commodity prices.
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
