London stocks rally after Wall Street rebound

clock

The FTSE 100 has opened in positive territory after a commodities bounce-back lifted Wall Street yesterday.

Shortly after opening London's leading index had advanced 0.5% to 5,979, as mining stocks benefited from yesterday's rebound in commodity prices which saw oil crude futures rise 1.5%. London has taken its lead from Wall Street's strong showing which finished 0.5% up yesterday as investors were buoyed by the commodities rebound and positive jobs data. Miners are propping up the FTSE, with Lonmin, Vedanta Resources and Anglo American all advancing over 1%. Chip maker ARM holdings lies in pole position, up 1.7%. The positive sentiment is mirrored throughout Europe, with France's Cac 4...

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