Stocks in London storm upwards

With the start of trading today, the UK stock market showed a promising start , with copper rising in the Asian Market. The metal was popular among some producers of wire and pipes after copper prices slid down 4.2 percent in London Yesterday. UK’s biggest steel maker , Corus group’s stocks also rose 13 percent to 460 pence because there were speculations that India’s biggest steel maker Tata Steel Ltd. is in talks to buy the Anglo- Dutch company .

Apart from this it is expected that the Bank of England may be keeping the interest rates unchanged at 4.75 percent for the second month showing the consumers a positive sign not to worry too much about the interest rates for now.

With the sharp rise in oil in the Asian and US market overnight , the commodities market was boosted in London .

Therefore, overall there is a very positive and progressive rise in the UK market which is a very good sign of a healthy stock market .