FTSE climbs for sixth day in a row

clock

The FTSE 100 remains on track to make gains for the sixth day in a row, with miners powering ahead.

By mid-afternoon the FTSE 100 is up to 6,091, having gained 29.2 points. Miners were pulling the index upwards on hopes the economic recovery will lead to higher demand for metals. Vedanta Resources leads the winners' board, ahead by 4.3%, to trade at £23.34, while BHP Billiton is up 3% at £24.87. Rio Tinto is also posting gains, up 1.83% at £44.46. Elsewhere in Europe the French Cac is up 0.9% while the German Dax has posted gains of 1.69%. The gains come amid a positive opening in the US. The Dow Jones was ahead by 0.53%, at 12,338.

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

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
Advisers urged not to let clients 'act too soon' ahead of Budget

Advisers urged not to let clients 'act too soon' ahead of Budget

Communication is about ‘staying calm and keeping clients focused’

Isabel Baxter
clock 22 October 2024 • 5 min read