PL

Planet Labs PBC

6.21
USD
-4.02%
6.21
USD
-4.02%
3.70 11.65
52 weeks
52 weeks

Mkt Cap 1.71B

Shares Out 275.80M

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FTSE 100 rises as commodity-linked stocks rebound

June 27 (Reuters) - UK's FTSE 100 rose on Monday, as an easing of COVID-19 restrictions in China brought relief to commodity prices, lifting shares of major oil and mining companies. The commodity-heavy FTSE 100 .FTSE was up 0.4%, as of 0704 GMT, while mid-cap FTSE 250 index .FTMC edged 0.3% higher. The risk sentiment improved following a Wall Street rally late last week and a rebound in copper and iron ore prices on Monday, boosted by an easing COVID-19 restrictions in Shanghai and relaxed testing mandates in several Chinese cities. MET/LIRONORE/ London-listed shares of Rio Tinto RIO.L rose 2% after a U.S appeals court ruled that the federal government may give the UK copper miner a right to lands in Arizona. BAE Systems BAES.L edged 0.4% higher after the defence company received a $12 billion contract from the U.S Department of Defence. (Reporting by Boleslaw Lasocki in Gdansk; Editing by Sherry Jacob-Phillips) ((boleslaw.lasocki@thomsonreuters.com; +48 58 769 66 00;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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