Daily market snapshot: FTSE rises on commodity rally

In London, shares opened up strongly this morning with the FTSE 100 up 1.7%, as miners and energy stocks were driven by buoyant commodity prices.

Banks also moved higher as risk appetite improved. Similar rises were seen in Europe as the FTSE Eurofirst 300 rose 1.1%. US stocks closed down last Friday as earnings at computer-maker Dell and homebuilder D.R. Horton trailed analysts' estimates and concerns grew that the European Central Bank will phase out economic stimulus measures. The S&P 500 closed down 0.3% and the Dow Jones was down 0.1%. Previous working day closing figures: Dow Jones: 10,318.16 FTSE All-Share: 2,685.30 FTSE 100: 5,267.70 FTSE 250: 9,167.60 FTSE AIM: 657.70 Market snapshots (at 10:08): FTSE All-Shar...