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Market overview: Weir crushed under weight of falling Brent

Published on 13th October 2014

1630:Close UK stocks bounced back on the first day of the week, ending the day near their best levels after carving out a broad 83-point trading range. Miners did best, presumably on the heels of stronger than expected figures on Chinese foreign trade. The commodities space saw some interesting trading patterns. Three-month copper futures rose 0.6% to settle at $6,690 per metric tonne on the LME. Front month December Brent crude futures on the other hand ended the day firmly lower, with losses of 2.1% at $88.36 per barrel on the ICE. The latter meant that Weir group was again to be found at the close of trading. Traders took note of reports of differences of opinion between the ECB and Bundesbank over how to proceed on further stimulus. FTSE 100 up 26 points to 6,366.

URL: http://www.digitallook.com/dl/news/story/22127928/...

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