Commodities, banks lift FTSE; up for 4th session

Mon Nov 9, 2009 9:51am GMT
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* Commodities higher; Gold holds above $1,100

* Banks up; Barclays and HSBC report on Tuesday

* 1700 GMT deadline looms for Kraft's Cadbury bid

By David Brett

LONDON, Nov 9 (Reuters) - Britain's leading share index rose 1 percent on Monday, up for the fourth consecutive session, led by heavyweight banks, miners and oils with risk aversion supported as the Group of 20 pledged to keep the aid flowing.

By 0901 GMT, the FTSE 100 was up 47.25 points or 0.9 percent higher at 5189.97, after the index closed up 0.3 percent at 5142.72 on Friday for a weekly gain of 2 percent, its best weekly performance for a month.

With little in the way of domestic economic or corporate news to guide investors Monday, UK shares took their cue from Asia, where shares outside Japan .MIAPJ0000PUS added 1 percent.

"The corporate story will unfold as the week goes on with investors looking to the upside following good figures from the U.S. last week and the expectation of better performances from Barclays and HSBC on Tuesday," said Richard Hunter, Head of UK equities at Hargreaves Lansdown.  Continued...

 
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