Surging commodities lift European stocks

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Surging commodities lift European stocks via IrishTimesBiz

UK Prime Minister Boris Johnson's resignation as Tory leader helped lift London's stock market after Tuesday's crash. Photograph: Stefan Rosseau/PA MediaRising crude oil and commodities prices generally helped lift mining and energy stocks in New York and Europe on Thursday.

London’s FTSE 100 posted another gain on Thursday after UK prime minister Boris Johnson announced plans to step down when a successor can be found. The “Boris bounce” also helped lifted the sterling against the euro and the US dollar.Traders in Dublin said despite some “erratic” moves Thursday was another “positive day” for leading Irish stocks, with the Iseq up almost 2 per cent.share price gaining almost 9 per cent to €2.14 at closing bell after falling out of favour earlier in the week.

had another positive outing, jumping nearly 4 per cent after adding more than 1 per cent in Wednesday session.shed just over 11 per cent in trading after what dealers called a “very strong move” upwards in recent weeks., meanwhile, lost 3 per cent.

 

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