Prices for base metals, food and oil have all recovered this Monday, following this year trend. Brent crude rose above $40 (£28) a barrel on Monday as the oil price continues to recover after falling below $28 a barrel in January.
Iron ore prices have posted a record rise of nearly 20% after China said it plans to boost growth in the world’s second largest economy with higher deficit spending.
The one-day increase of 19%, the highest since 2009, came after the Chinese finance minister, Lou Jiwei, said the government could manage a rising debt load as it stepped up deficit spending to prevent a slide in growth.
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