Morning Markets: FTSE rises on soaring copper prices

clock

Mining shares helped the FTSE 100 jump more than 56.81 points (1.1%) to 5,411.33 in early trading after copper prices hit a five-week high following the earthquake in Chile.

Among mining companies, Kazakhmys shares climbed 4.2% to £13.96, Eurasian Natural Resources was up 2.43% to £10.51 and Antofagasta rose 2.15% to 902.50p. Shares in Prudential were suspended as the insurance company confirmed it was in advanced talks to buy AIA, the Asian arm of US firm AIG. The news hit the rest of the insurance market badly, with Aviva down 1.43% to 384.70p and Legal & General Group falling 0.78% to 76.55p, while Resolution, which has denied rumours it intends to acquire Prudential's UK life assurance business, dropping 0.28% to 72.05p. In Japan, the Nikkei index ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

Why the lead-up to the Budget may have been worse than the Budget itself

Why the lead-up to the Budget may have been worse than the Budget itself

What Rachel Reeves and Dr Evil have in common

Laith Khalaf
clock 13 November 2024 • 4 min read
Bank of England meets expectations with 25 basis point rate cut to 4.75%

Bank of England meets expectations with 25 basis point rate cut to 4.75%

'Continued progress' on disinflation

Valeria Martinez
clock 07 November 2024 • 2 min read
'Budget will be a reset for our economy' Reeves tells IMF colleagues

'Budget will be a reset for our economy' Reeves tells IMF colleagues

Autumn Budget on 30 October

Linus Uhlig
clock 24 October 2024 • 2 min read