Bussiness

Positive trade signals, mining stocks support FTSE 100 – Euronews

Positive trade signals, mining stocks support FTSE 100 – Euronews

(Reuters) – London’s FTSE 100 rose on Friday, lifted by gains in shares of miners as nickel prices hit an all-time high, with sentiment supported by signs of a resumption of U.S.-China trade talks.The main index added 0.2%, but was still set to post its sharpest monthly fall in four years. The mid-cap FTSE 250…

Euronews logo

(Reuters) – London’s FTSE 100 rose on Friday, lifted by beneficial properties in shares of miners as nickel costs hit an all-time excessive, with sentiment supported by indicators of a resumption of U.S.-China trade talks.

The important thing index <.FTSE> added 0.2%, however became as soon as silent set aside to put up its sharpest month-to-month tumble in four years. The mid-cap FTSE 250 <.FTMC> also obtained 0.2% by 0712 GMT.

Heavyweight miners, along side Rio Tinto <RIO.L> and BHP <BHPB.L>, had been among the many largest boosts to the blue-chip index as a smash spill at a nickel plant in Papua New Guinea sparked provide fears.

Most other constituent sectors on the FTSE 100 had been also higher after Washington and Beijing signalled overnight that they’d resume talks to receive a take a study and stay their protracted trade dispute.

(Reporting by Shashwat Awasthi in Bengaluru; Editing by Sriraj Kalluvila)

View Source

Most Popular

To Top