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Stockreport

FTSE rebounds 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 FTSE rebounds as commodities stocks recover | Reuters 4 Min Read LONDON (Reuters) - British shares rebounded 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 1.2 percent at 7,177.06 points at its close, regaining 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 gave the index its biggest boost as the cyclical stocks that had suffered the worst losses last week led the gains. Oil majors Royal Dutch Shell ( RDSa.L ) and BP ( BP.L ) both rose around 2 percent, as crude prices also recovered from last week’s declines. Miners Anglo American ( AAL.L ), Glencore ( GLEN.L ), BHP Billiton ( BLT.L ) and Rio Tinto ( RIO.L ) were among the biggest gainers, with steel producer Evraz [Read more]

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