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(Shut): Mining shares pulled the FTSE one hundred larger, with Anglo American main the best way boosted by hopes Chinese language demand will improve.
The FTSE 100 closed fifty one.eighty three factors, or zero.eight%, greater at 6,405.35.
Anglo American shares rose eight.5%, with Antofagasta up 7.6% and silver miner Fresnillo up 5.1%, after the worth of silver hit a ten-month excessive.
Hopes that China’s financial system shouldn’t be slowing as shortly as feared helped to help the sector.
“With Chinese language knowledge clearly displaying tentative indicators of a resurgence, there’s a feeling that the commodities sector as an entire will start recuperate regardless of ongoing reservations over the crude oil glut,” stated Joshua Mahony, market analyst at IG.
Shares in Primark proprietor Associated British Foods rose 1.9% after reporting a small rise in half-yr income.
Underlying pre-tax income rose four% to £466m for the 24 weeks to 27 February, with gross sales down 2% to £6.1bn.
On the foreign money markets, the pound rose almost a cent against the dollar to $1.4384, and was up greater than half a euro cent against the euro at €1.2653.
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