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Reply #18: Commodities rally underpins fragile FTSE revival [View All]

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xchrom Donating Member (1000+ posts) Send PM | Profile | Ignore Fri May-13-11 06:44 AM
Response to Reply #4
18. Commodities rally underpins fragile FTSE revival
http://uk.reuters.com/article/2011/05/13/markets-britain-stocks-idUKLDE74C18O20110513

LONDON, May 13 (Reuters) - Britain's top shares rebounded on Friday as miners rallied along with recovering metals prices, but traders remained wary of the strength of the bounce with commodities having endured their worst rout in three years.

Silver XAG=, which has fallen more than 25 percent over the last two weeks shaken by global growth concerns, climbed as much as 3 percent on Friday as investors bought back in on the dips.

The uptick helped precious metal miners such as Fresnillo (FRES.L), which rose 2.2 percent having slid more than 7.5 percent on Thursday.
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