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Commodities spur minor FTSE recovery

Monday 8th February 2010

Shares in mining companies and other commodities-based firms lifted the FTSE more than 1% in early trading today.

Crude and metal prices also recovered slightly after last week's price plunge.

The last seven days have been turbulent for global commodities prices.

Raw sugar fell more than 12%, copper 6%, crude oil 4% and gold 3%.

The US-based commodities benchmark - Reuters-Jefferies CRB index .CRB - suffered its largest daily drop (2.6%) on Thursday, since August 2009.

This year alone it has fallen 8.8%.

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