London, England -- (SBWIRE) -- 09/29/2011 -- Spread betting provider City Index (http://www.cityindex.co.uk/) takes a look at the financial activity shaping the markets on 27th September 2011.
The FTSE 100 has rebounded during stock market trading today (September 27th), led by a resurgent mining sector.
By 11:01, the blue chip index had advanced by 2.37 per cent - or 120.82 points - to reach 5,210.19 points.
Mining firms - which had been the subject of heavy sell-offs in recent weeks - jumped, with Antofagasta adding 7.79 per cent and Anglo American rising by 4.22 per cent.
BHP Billiton increased 5.04 per cent and Xstrata was 6.52 per cent higher, prompting chief market strategist at City Index Joshua Raymond to note the climbs by mining firms has been "the key element" to the FTSE's strong morning session.
"Tentative rallies in the prices of copper, silver and gold today have been enough to entice investors to bargain hunt some of the mining firms from their lows," he explained.
Mr Raymond added demand for mining stocks will be "crucial" to a sustained recovery of the FTSE 100.
Learn more about financial spread betting with City Index
Spread betting and CFDs are leveraged products which can result in losses greater than your initial deposit. Ensure you fully understand the risks.
Start spread betting: http://www.cityindex.co.uk/spread-betting/start-spread-betting.aspx
Start CFD trading: http://www.cityindex.co.uk/cfd-trading/start-trading-cfds.aspx
* Spread betting and CFD trading are exempt from UK stamp duty. Spread betting is also exempt from UK Capital Gains Tax. However, tax laws are subject to change and depend on individual circumstances. Please seek independent advice if necessary.
About City Index
Today more and more individual traders are discovering the benefits of derivatives, and many of them are discovering them through a City Index trading platform.
As a group, we transact in excess of 1.5 million trades every month for individuals in over 50 countries worldwide. We provide access to a wide range of instruments including margined foreign exchange, CFD trading and, in the UK, financial spread betting.
We constantly look to widen the range of assets we offer, improve the performance of our platforms and expand the range of services we provide. The result is that our customers benefit from innovative trading tools with transparent pricing, competitive spreads, and a high standard of customer service and support. Visit http://www.cityindex.co.uk/ for more information.