Mining gains push FTSE 100 to six-week high
The IndependentFor free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy London’s FTSE 100 surged to a six-week high on Thursday amid a sea of green for global stock markets. The FTSE 100 closed 147.09 points higher, or 1.95%, to 7,673.08, its highest close since July 31. Commodity prices are surging this afternoon and this has lit a fire under the FTSE 100, prompting a rally that has taken the index to its highest levels in six weeks Chris Beauchamp, chief market analyst at IG Chris Beauchamp, chief market analyst at online trading platform IG, said: “Commodity prices are surging this afternoon and this has lit a fire under the FTSE 100, prompting a rally that has taken the index to its highest levels in six weeks. “Optimism around economic growth prospects for Asia has meant that Asia-focused banks HSBC and Standard Chartered have led the banking sector higher too, resulting in the best day for the FTSE 100 since mid-July.” Meanwhile on Thursday, the European Central Bank raised interest rates to the highest level since the euro was established in 1999.