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Stockreport

Bounceback for FTSE as commodities stocks recover [Reuters (UK)]

ROYAL DUTCH SHELL (RDS.B)  More Company Research Source: Reuters
US:NYSE Investor Relations: shell.com/investors.html
PDF Bounceback for FTSE as commodities stocks recover | Reuters 4 Min Read LONDON (Reuters) - British shares bounced back strongly on Monday after a tough week thanks to a relief rally in commodities stocks. But with market volatility tipped to stay elevated, investors were divided over whether to ‘buy the dip’ The FTSE 100 was up 1.3 percent by 0930 GMT, clawing back some of last week’s losses but still near a 13-month low. Some 147 billion pounds was wiped off the leading UK stock index in the past two weeks as heady markets nosedived. Energy, materials and financials provided the biggest boost to the FTSE 100 as the cyclical stocks that had suffered the worst losses last week rebounded to lead the market. Oil majors Royal Dutch Shell ( RDSa.L ) and BP ( BP.L ) rose 1.8 and 2.1 percent respectively, as crude prices also climbed back up from last week’s steep declines. Miners Anglo American ( AAL.L ), Glencore ( GLEN.L ), BHP Billiton ( BLT.L ) and Rio Tinto ( RIO.L ) led gai [Read more]

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