FTSE 100 recovers despite weaker consumer confidence

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Source: Dukascopy Bank
FTSE 100 recovered on Friday despite a drop in UK consumer confidence in March.  Banks and miners led the gains as metal prices surged. Antofagasta PLC added 2.9%, Vedanta Resources PLC gained 2.7% and Rio Tinto PLC soared 3%. On the downside Tate & Lyle PLC slipped 0.2% after sweeteners producer said it will have to raise its net debt. Heavyweight Vodafone dropped 1% after company said it plans take steps to deal with tax law change that is expected to create additional USD 2 billion tax for telecom firm. At the moment of writing FTSE 100 is 0.62% or 35.75 points up at 5,777.78.


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