The FTSE 100 opened at a fresh intraday record, up 21 points (0.2%) to 10,362, marking a 4.3% rise year-to-date. Mining and precious metals stocks led gains, with Endeavour up 5%, Fresnillo +4%, Antofagasta +2.5% and Anglo American +2.3% as commodity prices pick up. The pan‑European Stoxx 600 also hit a record, rising 0.4% to 619.86, and the European mining sector has gained over 13% this year. Gold is about 12% above recent lows and silver 22% higher. Renewed buying follows a clear-out of leveraged speculative positions, and policy moves such as a tariff u-turn have helped lift markets.
"With a risk-on mood gripping markets, the Footsie has gained 21 points, or 0.2%, to touch a fresh intraday high of 10,362 points. This means the index has risen by 4.3% so far this year. Mining stocks are back in the top risers; gold and metal producer Endeavour has jumped by 5%, followed by rival Fresnillo (+4%). Copper producer Antofagasta (+2.5%) and Anglo American (+2.3%) are also benefitting from a pick-up in commodity prices."
"Share Europe's benchmark share index has also hit a record high today. The pan-European Stoxx 600 index is up 0.4% at 619.86 points, with basic resources (mining) companies leading the risers. European mining sector remains the best-performing one this year with a more than 13% gain, Reuters points out. Share Gold is 12% above yesterday's lows, while silver is 22% higher moves which suggest the market remains somewhat disorderly and prone to wild swings in price, says Neil Wilson, Saxo UK investor strategist."
Read at www.theguardian.com
Unable to calculate read time
Collection
[
|
...
]