10th January 2012
The UK's blue chip index has remained stable in trading today (January 10th) following positive shifts in the global commodity market.
According to Reuters, strength in copper prices in commodity trading have helped the FTSE 100 to maintain its increases, with growth of 46.63 points (0.8 per cent) to 5,658.89 so far this afternoon.
Furthermore, a positive revenue announcement from US aluminium mining firm Alcoa for the fourth quarter of 2011 also helped the index.
"The shares have had something of a hangover since the last trading update in November, but this marginal increase in fortunes should restore some confidence," Richard Hunter, head of equities at Hargreaves Lansdown Stockbrokers, told the news provider.
Last week, positive employment data coming out of the US served to bolster the FTSE 100, with the UK index gaining 52 points in afternoon trading on Friday.
It was a positive day for major indices both sides of the Atlantic, with the Dow Jones Industrial Average also gaining 69 points and the S&P 500 up by 8.2 points.
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