Friday, 9th October 2015

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London close: Mining and metal stocks help end week on a high

Fri 9th Oct 15, 16:30:53

Edward Swift

(ShareCast News) - Glencore led mining shares higher as investors welcomed its decision to cut 500,000 tonnes or around a third of its annual zinc production as it looks to combat declining prices.

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Commodities: Metals rally but oil futures see correction on profit taking

(ShareCast News) - Oil futures headed lower as profit taking took hold on Friday, while metals recovered from previous lows in the absence of any major intraday data influencing the commodities market direction. 5 hours ago

Europe close: Markets extend gains as energy stocks rally

(ShareCast News) - European stocks rose, led higher by strength in the mining sector as investors welcomed dovish signals from the Federal Reserve. 3 hours ago

Week ahead: Inflation figures in UK, China and US flood market

(ShareCast News) - Inflation data in the UK, China and the US will be in the spotlight this coming week. 3 hours ago

Friday broker round-up

(ShareCast News) - Ferrexpo: UBS upgrades to neutral, cuts target price to 36.00p. 2 hours ago

FX Roundup: Dollar sees mixed fortunes as weekend approaches

(ShareCast News) - The dollar saw mixed fortunes against a basket of global currencies on Friday, as the US wholesale inventories data for August beat market expectations. 4 hours ago

Sector movers: Metal prices drive markets up

(ShareCast News) - Industrial metals and mining stocks helped the London markets continue their rise on Friday, also boosted by Thursday's release of the Federal Reserve minutes. 3 hours ago

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