Morning Markets: Miners buoy FTSE

clock

The FTSE opened buoyantly, up more than 49 points to 5,158.28, on the back of strong performance from mining companies, due to higher metal prices because of the weak dollar.

Currently nine of the top 10 rising stocks in the FTSE 100 are mining companies. Vedanta Resources heads up the winners table, adding 120p (5.70%) to £22.25, following strong production figures. Copper mining company, Antofagasta is up 4.33% to 832p, while Kazakhmys PLC added 4.28% to £11.45. Elsewhere, Lloyds Banking Group dropped 0.65% to 95p as the Government's stake in the part-nationalized bank is set to rise from 43% to 62%. The FTSE's rise follows a steady day for the Dow Jones which ended trading broadly sideways at 9725.58. Alcoa took pole position, climbing 2.23% to $1...

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

Five years on from Covid: What's next for markets?

Five years on from Covid: What's next for markets?

It is now five years since the start of the UK’s Covid lockdown. Since then, we have seen considerable market and geopolitical-related change. Here, William Marshall looks back over the past five years and also explores what we might expect from markets...

William Marshall
clock 06 May 2025 • 4 min read
Gilt yields fall after Donald Trump backs down in 'tariff war'

Gilt yields fall after Donald Trump backs down in 'tariff war'

US president pauses most additional tariffs

Jonathan Stapleton
clock 10 April 2025 • 2 min read
Reeves defends yearly Budget to avoid 'constant chopping and changing'

Reeves defends yearly Budget to avoid 'constant chopping and changing'

Treasury Committee scrutinises chancellor on Spring Statement

Isabel Baxter
clock 02 April 2025 • 3 min read