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FTSE up as China package plan boosts commodities

Posted on 11 November 2008

From Reuters: The FTSE 100 rose 0.9 percent in a global equities rally on Monday, powered by mining stocks after China’s almost $600 billion (382 billion pound) stimulus package plan boosted hopes of solid demand for commodities.

The share index .FTSE ended 38.96 points higher at 4,403.92 points, but way off its day’s high of 4,524.87 points. Metal prices surged after China approved 4 trillion yuan (373 billion pounds) in new government spending, and the G20 group of nations pledged to take all necessary steps to put financial markets back on their feet….. Full Article: Source


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VRS - who has written 34624 posts on Opalesque Commodities Briefing.


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