Wednesday, October 27, 2021

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    FTSE 100 rises as commodity stocks rise

    UK stocks hit a two-month high on Thursday, boosting optimism about a steady recovery from a pandemic slowdown.

    The rise was seen despite the pound hitting a two-week high in anticipation of the Bank of England raising interest rates this year.

    The benchmark FTSE 100 rose 49 points (0.7%) to 7,191 after rising 0.2% on Wednesday.

    Miners Anglo American, Antofagasta and Glencore rose 3-4%, oil and gas company BP Plc rose 1.2% and Royal Dutch Shell rose 1.7%.

    Household goods chain Dunelm Group rose 1.2% after reporting sales growth in the first quarter.

    Domino’s Pizza Group fell by more than 1%. Fast food chains said they expect labor shortages and rising food costs to continue until the New Year.

    Grainger jumped almost 4 percent.Real estate investment firm said its share had previously recoveredcoronavirus Pandemic level.

    Recruiter haze rose 2.8% after reporting a sharp rise in net commissions for the quarter.

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    FTSE 100 rises as commodity stocks rise

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    The post FTSE 100 rises as commodity stocks rise appeared first on Eminetra.

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