Global markets rebound after second Japan quake

The FTSE 100 opened higher this morning after a sharp fall yesterday on news Japan had been hit by a second earthquake.

London’s leading share index rebounded 0.65% or almost 40 points to 6,047, while the FTSE 250 was up 0.37% and the All Share up 0.66% in early trading. Miners led the winners, with more than a 2% rise from Talvivaara Mining Company, and strong gains from Fresnillo, Antofagasta and Kazakhmys. Mining giant Vedanta produced record volumes of metals in the fourth quarter as it sought to benefit from soaring commodity prices. Among the fallers were energy companies, with Gulf Keystone Petroleum, Indus Gas and New Britain Palm Oil all dropping in morning trade. City traders had expected ...