21 April 2021 | 12:01pm
StockMarketWire.com - The FTSE 100 made a modest recovery on Wednesday after Tuesday s big sell-off gaining 0.5% to 6,894.47 with big oil companies helping to support the index.
The UK consumer price index rose 0.7% in March from 0.4% in February, indicating the economy was on the mend though the market had expected an even stronger reading, of 0.8%.
BHP gained 1.3% to £21.945 after it upgraded its annual copper production guidance, though it also downgraded its guidance for both metallurgical and energy coal.
The world s biggest mining company kept its guidance for petroleum and iron-ore intact, with output of the latter rising 4% in the nine months through March.