Miners lift Footsie into positive territory
The FTSE 100 ended in positive territory yesterday, buoyed by mining and commodities stocks.
London’s top flight closed the day up 34.43 points, or 0.49%, at 7,038.95, with the likes of Antofagasta, Anglo American and Fresnillo leading the charge.
A strong performance from Wall Street overnight also helped boost the index, as well as a bounce back in oil prices.
Fiona Cincotta, a senior market analyst at City Index, said: “Following a Fed inspired rally on Wall Street, the FTSE jumped higher on the open and retained its gains across the session.
“Whilst banks initially traded higher following a comfortable pass in the most recent stress test, commodity stocks did most the heavy lifting as they traced base metals and oil prices higher.”
Brent crude was trading over 2.5% higher at $60 a barrel after a sharp selloff earlier in the week.
A weaker pound, flagging under the