Tuesday 22 March 2011

Why prices for raw materials important both for the FTSE

Therefore, when the strong growth in China's manufacturing plant and United States, more great economy of the planet, prices of products improved economic data points increase and take blue-chip index Britain with them.

The power produced players also means the FTSE may increase even when the British economy remains weak, because their production sites and markets are largely outside of the country.

In 2010, minor Indonesian coal Vallar struck an agreement that will bring the company list in London, and Africa Barrick Gold, the Tanzanian assets of Barrick Gold Canada, also listed in London.

Swiss products giant Glencore trade is supposed to list in London to 2011 and he is also a Brazilian mining company Vale speculation, can ask a joint list here, which she would join FTSE 100.

Before Christmas, FTSE rose above 6,000 points for the first time in 30 months, driven by energy companies price of oil reaching $91 per barrel.

Copper also reached a record high at the end of 2010, $ 9,660 per tonne.

In rally on Tuesday, the first day of trading for the FTSE in 2011, BP, Shell and minor Anglo American were corporations which led to the increase.

Speculation of a public bid for BP by Shell pushed higher, the oil giant actions as positive economic data from some United States and Europe and a rise in the price of oil.

While keep oil and metals prices climbing, its value for London work hard to maintain its position as leading stock products market worldwide.


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