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FTSE breaks through 6,000 after US averts dreaded fiscal cliff

by Chris Marshall on Jan 02, 2013 at 14:47

Resources companies Xstrata (XTA.L), Glencore (GLEN.L) and Evraz (EVRE.L) all rose by around 7%.

As well as the news from the US, resources companies were also bolstered by more signs of China’s economic recovery, with yesterday’s reading of the official manufacturing purchasing managers’ index for December matching November’s 50.6, a number that indicates expansion.

The oil price was also boosted by today's economic optimism, with Brent crude futures 1.2%% higher at $112 a barrel.

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