Chi­nese boost for FTSE 100

The Courier & Advertiser (Angus and The Mearns Edition) - - Business -

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.

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