Chinese boost for FTSE 100
London’s top-flight index pushed higher yesterday after bright news on the Chinese economy gave a boost to bluechip mining stocks.
The FTSE 100 Index rose 25.74 points to 7404.13, as the Far East nation secured betterthan-expected economic growth of 6.9% in the second quarter, while industrial production outstripped forecasts and retail sales jumped 11% year-on-year.
Shares in Chilean miner Antofagasta rose more than 2%, or 19.5p to 878p, as investors expect a strong performance from the Chinese economy will mean the country’s appetite for resources will continue.
Copper miner Glencore was also up 4.7p to 320.8p, and Anglo American stepped up by 13.5p to 1.130.5p.
Across Europe, Germany’s Dax was down 0.4% and the Cac 40 in France was 0.1% lower.