Miners front early FTSE surge

clock

The FTSE 100 is off to a strong start this morning, rocketing 44.90 points (1.02%) to 4432.44, following last night's triple-figure point gain on Wall Street.

Natural resources and mining companies are leading the way, with Fresnillo up 3.77% to 728.5p and Xstrata gaining 3.16% to 670p. Randgold Resources has added 3.1% to 4524p, while BHP Billiton has climbed 3.07% to 1475p. Oil ministers at Opec have decided to keep production on hold at 24.85 million barrels per day as they predict prices will rebound as the global economy recovers. Crude oil gained 28% in May, buoyed by rising equities, a weakening US dollar and increased demand for commodities. However, Tullow Oil has slumped 0.98% to 1009p, while Scottish and Southern Energy is down 0...

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

UK inflation rises to 3.8% in July

UK inflation rises to 3.8% in July

Core CPI also up to 3.8%

Sorin Dojan
clock 20 August 2025 • 2 min read
Bank of England meets expectations and cuts rates to 4%

Bank of England meets expectations and cuts rates to 4%

Lowest level in two and a half years

Isabel Baxter
clock 07 August 2025 • 4 min read
Think tank warns UK fiscal hole could surpass £50bn by 2030

Think tank warns UK fiscal hole could surpass £50bn by 2030

Government not on track to meet ‘stability rule’

Sorin Dojan
clock 06 August 2025 • 1 min read