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FTSE boosted by mining shares but easyJet falls on flight cancellations

Discussion in 'Market News' started by Lily, Jun 6, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
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    Budget airline hit by French air traffic control strikes

    Mining shares are leading the market higher as the weaker dollar boosts commodity prices.

    But easyJet has fallen 13p to £15.11 despite a 5.7% rise in passenger numbers in May compared to a year ago. The load factor, a measure of capacity utilisation, dipped marginally from 91.6% to 91.5%.

    Mining stocks are topping the FTSE100 this morning as the commodities space benefits from a weaker US dollar basket, back below the key 95 level for first time in a fortnight. The currency’s reversal of recent strength comes in response to Friday’s surprisingly weak May US jobs report that must be considered a setback for Janet Yellen and [the Federal Reserve] in terms of ability to tighten US monetary policy further this summer.

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