Aerospace stocks propel FTSE

clock

Aerospace and commodity stocks are leading the way for the FTSE 100 this morning, driving the index up 29.58 points (0.74%) to 4,032.12 at 8.55am.

BAE Systems has been the morning's largest gainer, up 5.63% to £3.47. This has been followed by aerospace developer Cobham, which has added 4.36% to £1.84. Mining company Rangold Resources has also advanced this morning, up 3.44% to £33.05, while silver and gold producer Fresnillo was up 3.1% to £4.32. Financials are struggling so far this morning, with Standard Chartered the biggest loser, down 2.45% to £9.36. Legal & General Group also fell by 2.35% to 49.8p. In the US, the Dow Jones closed Monday down 41.74 points (0.52%) to 7,975.85 - with financials suffering. Citigroup was the...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

'Discussion-worthy stuff': Chinese assets under pressure

'Discussion-worthy stuff': Chinese assets under pressure

China has an 18% share of global GDP and only a 3% MSCI ACWI weighting

Chris Justham
clock 02 April 2024 • 2 min read
Why investors 'can't outrun' slow-moving demographics

Why investors 'can't outrun' slow-moving demographics

'Demographic change is a key megatrend'

Darius McDermott
clock 07 March 2024 • 5 min read
Spring Budget 24: Ten key takeaways from Jeremy Hunt's speech

Spring Budget 24: Ten key takeaways from Jeremy Hunt's speech

British ISA, Office for Budget Responsibility, tax cuts

Valeria Martinez
clock 07 March 2024 • 4 min read