Miners help FTSE 100 override trade worries
- Country:
- United Kingdom
London's FTSE 100 weathered the impact of the latest U.S.-China tariffs on Monday, thanks to mining stocks as iron ore prices jumped after China pledged support to its economy and nickel prices gained on Indonesia's move to expedite ore exports ban.
The main index added 0.4% as shares of heavyweight miners Rio Tinto and Glencore advanced 1% each, while consumer goods firms and healthcare stocks also supported the index. The mid-cap FTSE 250 inched up 0.2% by 0713 GMT.
Also Read: FTSE 100 heads for best session in 10 days
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