The Dow Jones has climbed sharply in early trading this morning on anticipation of a positive start to the US reporting season. At 10.40am, the index was 112.07 points (1.17%) higher to 9711.82.
Aluminum producer Alcoa, which kicks off the third-quarter earnings season tomorrow, leads the way – up 3.65% to $13.91 on rising copper and gold prices. Chemicals maker DuPont and General Electric have also advanced, up 3.35% at $32.41 and 2.91% at $16.29 respectively. In the UK, the FTSE 100 has continued its upward movement, up 102.16 points (2.03%) at 5126.49, with miners continuing to lead the index. Kazakhmys, Vedanta Resources, Randgold Resources and Anglo American have all powered higher on the back of rising commodity prices.
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