US rally boosts FTSE

In mid-morning trading the FTSE 100 is up eight points as UK equities are pushed higher the by US rally last night.

Copper has hit a three-week high as an enormous earthquake off the coast of Chile as sparked fears of a tsunami. Traders are concerned that copper supplies will suffer following the natural disaster. 

Mining companies are in demand as metal prices are higher today. 

Traders have now become accustomed to the standoff between Russia and the west. Unless there is a dramatic development, the crisis in Crimea is unlikely to rattle the markets. 

ASOS is in fashion as the online retailer brought in over two million new customers in the first half of this financial year. Its profits fell as its expansion into China impacted the bottom line, but it will pay dividends in the long run. 

IG clients have an appetite for Just Eat; the online takeaway service is set to float and our grey market shows that clients are currently anticipating a market capitalisation of £1.4 billion. 

IG's Alibaba grey market is currently showing a market capitalisation of $200 billion. When we first offered the grey market the price started at $180 billion; since pushing past $250 billion it has now fallen slightly. 

In the US, we are expecting the Dow Jones to open ten points higher at 16,542 after positive economic indicators from the US yesterday. 

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