Markets: surging commodity stocks lift FTSE100

FTSE 100 up 1.1% to 5,898
Gold up 1.13% to $1,155.60/oz
£/$ 1.4589

FTSE100

In Europe, the Paris CAC 40 rose just two points to 4,228, and the German Xetra Dax slipped 0.4% to 9,393.

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In the US, the Dow Jones Industrial Average rose 0.5% to 16,416, the S&P 500 added 0.2% to 1,915, and the Nasdaq Composite slipped 0.1% to 4,509.

Overnight in Japan, the Nikkei 225 fell 1.3% to 16,819, and the broader Topix index lost 1.4% to 1,368. And in China, the CSI 300 slipped 0.7% to 2,963, and the Shanghai Composite was 0.6% lower at 2,763.

Brent spot was trading at $34.17 early today, and in New York, crude oil was at $31.55. Spot gold was trading at $1,156 an ounce, silver was at $14.83 and platinum was at $903.

In the forex markets this morning, sterling was trading against the US dollar at 1.4533 and against the euro at 1.2991. The dollar was trading at 0.8938 against the euro and 116.88 against the Japanese yen.

And in the UK, spread betting firm CMC Markets says shares will be priced at 240p each when it lists on the stockmarket. The firm is offering 90.6 million shares, or 31% of the company, valuing it at £691m.

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