Rolling coverage of the latest economic and financial news
- Iron ore and copper both at new peaks
- China reports strong trade growth in April
- US jobs report: Economists predict one million new hires
- Yesterday: UK set for strongest economic growth since WW
Iron ore and copper have helped to push Bloomberg’s index of commodities prices to its highest since 2011.
Copper soared to an all-time record on expectations that rebounding economies will spur a boom in global demand, and the Bloomberg Commodity Spot Index jumped to its highest level since 2011.
Elsewhere, spot iron ore broke $200 a ton for the first time, and WTI crude oil approached $65 a barrel.
#Copper soared to an all-time high, topping the previous record set in 2011, on expectations that rebounding economies will spur a boom in global demand. BBG
As things stand, the FTSE 100 is on track for its best week in a month (since 5th-9th April).
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