Miners lift FTSE 100 on China optimism

UK’s FTSE 100 opened higher on Monday, led by mining stocks after China rolled out new measures to prop up its stuttering economy, while London Stock Exchange Group (LSEG) rose on the back of plans for a blockchain-based digital assets business.

The exporter-heavy FTSE 100 index (.FTSE) gained 0.6% by 0703 GMT, while the mid-cap FTSE 250 index (.FTMC) was up 0.3%.

Industrial metal miners (.FTNMX551020) rose 1.8%, leading sectoral gains.

China stepped up measures on Friday to boost the country’s faltering economy, with top banks paving the way for further cuts in lending rates and sources saying Beijing plans further action including relaxing home-purchase restrictions.

Fidelity Special Values PLC (LON:FSV) aims to seek out underappreciated companies primarily listed in the UK and is an actively managed contrarian Investment Trust that thrives on volatility and uncertainty.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
X
LinkedIn
Fidelity Special Values

More articles like this

Fidelity Special Values

UK stocks rally as market confidence rebounds

The FTSE 100 saw an upward movement on Monday, continuing its recovery from the previous week’s volatility. Building on Friday’s gains, the index opened higher, reflecting renewed market confidence. Across Europe, Germany’s DAX and France’s CAC

Fidelity Special Values

UK stock markets rally as investors await economic data

Britain’s main stock markets saw gains on Monday, mirroring a widespread rally across European markets as investors looked ahead to key economic indicators due this week, hoping to find clues about future moves in U.S. and

Fidelity Special Values

FTSE 100 rises amid budget concerns and market gains

The UK’s FTSE 100 managed a slight increase on Friday, bouncing back from a recent near-three-month low as a positive shift in some sectors helped counteract inflation concerns sparked by Britain’s latest budget announcement. By 9:54