Markets: Miners lift FTSE 100 back over 6,000

  • FTSE 100 up 1.5% to 6,037
  • Gold down 1.44% to $1,208.63/oz
  • £/$ – 1.4150

The FTSE 100 bounced back yesterday, closing up 1.5% at 6,037.

Miners were the day’s best performing stocks. Glencore topped the index with an 11.8% rise, while Anglo American added 10.8%, and BHP Billiton, Rio Tinto and Antofagasta gained between 8.6% and 7.7%

In Europe, the Paris CAC 40 rose 1.8% to 4,298, and the German Xetra Dax added 2% to 9,573.

In the US, the Dow Jones Industrial Average rose 1.4% to 16,620, the S&P 500 added 1.5% to 1,945, and the Nasdaq Composite rose 1.5% to 4,570.

Overnight in Japan, the Nikkei 225 fell 0.4% to 16,052, and the broader Topix index lost 0.7% to 1,291. And in China, the CSI 300 slid 1% to 3,089, and the Shanghai Composite fell 0.8% to 2,903.

Brent spot was trading at $34.18 early today, and in New York, crude oil was at $32.86. Spot gold was trading at $1,217 an ounce, silver was at $15.17 and platinum was at $925.

In the forex markets this morning, sterling was trading against the US dollar at 1.4104 and against the euro at 1.2782. The dollar was trading at 0.9062 against the euro and 112.19 against the Japanese yen.

And today, BHP Billiton, the world’s biggest miner, cut its dividend for the first time in 15 years after reporting a half-year loss of £4bn, its first loss in 16 years.


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