Metal prices send mining stocks to top

The FTSE 100 rose yesterday as a rebound in metal prices sent mining stocks to the top of the blue chip index.

London’s top flight index ended the day up 0.3% or 22.84 points to 7,543.2 points, buoyed by the likes of Evraz up 23.4p to 476p, Anglo American up 54p at 1,757.4p, Glencore up 10.95p at 357.9p.

The sector benefited from stronger metal prices sparked by data out of China and some relief over the state of global trade relations.

In currency markets, the pound was mixed, trading 0.1% lower against the US dollar at around 1.359 and rising 0.1% versus the euro to 1.136.

Brent crude prices slumped 1.2% to around $72.47 per barrel, after data showed a build up in US oil and gas stockpiles.