FTSE 100 rallies on the first day of trading in 2012

Source: Marketwatch

UK benchmark FTSE 100 advanced sharply on Tuesday, catching up gains after bank holiday on Monday. FTSE 100 gained 0.9% or 52 points, reaching 622.55. Appreciation in the index was driven by mining companies as Rio Tinto PLC added 4.6%, BHP Billiton PLC climbed 3.5%. Kazakhmys PLC rose 3.2% while Xstrata PLC increased 3.3%. Mining shares surged after positive data on Chinese manufacturing. Engineering shares also recovered with Weir Group PLC and IMI PLC jumping 1.9% and 2.6%, respectively. 

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