close
FTSE

Strong miners help Footsie to rally again shaking off any nerves

ftselogo

The Footsie rallied higher as the morning session progressed, lifted again by firmer mining stocks even though oil prices slipped back following a rally and US and Asian markets saw some nerves ahead of key central bank meetings tomorrow.

By mid-morning, the FTSE 100 index was up 26.6 points or 0.4 per cent at 6,840.2, fractionally off the session peak of 6,841.61, having closed 103.27 points higher yesterday when commodity stocks gained on the back of a firmer oil price and a weaker dollar.

European markets were mixed, however, with the CAC 40 index in Paris down 0.1 per cent, but Frankfurt’s Dax 30 index ahead 0.3 per cent as German producer prices proved weaker than forecast, falling 0.1 per cent in August.

Risk Warning:

Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.

There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.

Paul

The author Paul