Monday, December 8, 2008

Markets soar on Obama spending pledges

Commodities stocks led the rally, trimming back recent sharp declines, on bets that the US president-elect's plan to spend on infrastructure projects would boost demand for oil, steel and other raw materials. In the UK, Royal Dutch Shell, BP and Anglo American rallied more than 6 per cent as commodity prices rose. US Steel, Alcoa, and Chevron all rose strongly in the US...

Read more Markets soar

Source: the independent

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