FTSE 100 Rises Ahead Of Elections; Miners Outperform

RTTNews | 121 дней спустя
FTSE 100 Rises Ahead Of Elections; Miners Outperform

(RTTNews) - U.K. stocks traded higher on Wednesday as focus shifted to the July 4 election, which could see a possible end to 14 years of Conservative government.

The Labour Party is set to grab 484 out of the total 650 seats in the Parliament, a pre-poll company Survation projected.

The benchmark FTSE 100 was up 49 points, or 0.6 percent, at 8,170 after falling 0.6 percent on Tuesday.

Higher copper prices boosted mining stocks, with Antofagasta and Glencore both rising around 2 percent.

Retailer JD Sports fell nearly 2 percent after Barclays downgraded the stock to "underweight" from "equalweight".

Topps Tiles tumbled 3.3 percent after the tile retailer reported a sales drop in its third quarter.

Technology company Johnson Matthey rallied 2.6 percent after launching a share buyback program.

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A report released by the Institute for Supply Management on Friday showed U.S. manufacturing activity unexpectedly contracted at a modestly faster rate in the month of October. The ISM said its manufacturing PMI fell to 46.5 in October from 47.2 in September, with a reading below 50 indicating contraction. Economists had expected the index to inch up to 47.6.
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RTTNews | 5ч 53мин назад
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RTTNews | 6ч 8мин назад
UK Manufacturing Contracts For First Time Since April

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RTTNews | 6ч 56мин назад
European Shares Gain Before US Jobs Data

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RTTNews | 9ч 0мин назад
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RTTNews | 9ч 14мин назад