Copper and oil price rise keeps blue-chips on high
Evening Standard|October 14, 2021
A FAMILIAR story of a surging copper price and multi-year high for oil ensured heavyweight commodity stocks kept the recent recovery for the FTSE 100 index ticking over today.
Graeme Evans
Copper and oil price rise keeps blue-chips on high

Markets have shaken off their jitters thanks to a week without major economic shocks, with US and China inflation figures and guidance from the Federal Reserve about the potential November start for tapering containing few surprises.

The FTSE 100 index rose 53.89 points to 7195.73, driven by miners as a weaker US dollar and economic resilience pushed up metal prices. Gains for copper and iron ore over the past week now stand at 7%, while Brent crude added 1% overnight at above $84 a barrel.

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