29/05/2012 09:53:00

LONDON MARKETS: Miners Push FTSE Higher On China Stimulus

Related content
16 Dec - 
RIO TINTO SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVEST..
11 Dec - 
The Klein Law Firm Notifies Investors of Commencement o..
09 Dec - 
RIO TINTO SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNE..

By Sara Sjolin, MarketWatch

LONDON (MarketWatch) -- British stocks headed north on Tuesday, with miners and oil firms in the lead, as hopes for further stimulus measures in China spurred a risk-on mood, offsetting ongoing concerns about the euro-area crisis.

The FTSE 100 index jumped 0.8% to 5,402.36.

Miners advanced the most in the index, as growth indications from China lured investors into the metals sector. Metals prices were also higher across the board, while Asian stocks rallied. Reports on Monday said that the National Development and Reform Commission has approved several new steel plants, prompting some analysts to suggest the country has kicked off fresh stimulus measures.

Rio Tinto PLC (RIO) rose 2.4%, Vedanta Resources PLC added 2.3%, Anglo American PLC gained 1.8%, while BHP Billiton PLC (BHP) ticked 1.6% higher.

Oil firms were also on the rise, as oil prices moved up. Tullow Oil PLC rose 2.8% and BP PLC (BP) inched 0.3% higher. BG Group PLC took on 1.2% as it said is has agreed to sell its entire 60.1% stake in gas distributor Comgas for 3.4 billion Brazilian real in cash ($1.7 billion).

Bucking the positive trend in London, Wolseley PLC gave up 4.2% after highlighting weakness in the European market in its third-quarter results.

(END) Dow Jones Newswires

May 29, 2012 04:53 ET (08:53 GMT)

Copyright (c) 2012 Dow Jones & Company, Inc.

Post comment

Related debate

  • 1 week
  • 1 month
  • 1 Year
Ingen indlæg

Regulatory news

HSBC Bank Plc : Form 8.5 (EPT/RI) - Lonmin PLC

22/02/2018 10:54:53
FORM 8.5 EPT/RI) PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY Rule 8.5 of the Takeover Code (the "Code") 1.         KEY INFORMATION (a) Name of exempt principal trader: HSBC BANK PLC (b) Name of offeror/offeree i..

Rathbone Brothers Plc : Preliminary announcement of 2017 results

22/02/2018 07:00:19
Funds under management up 14.3% to £39.1 billionThis is a preliminary statement of annual results published in accordance with FCA Listing Rule 9.7A. It covers the year ended 31 December 2017. Mark Nicholls, Chairman of Rathbone Brothers Plc, said: "UK and global investment markets performed well in 2017, with some indices reaching record levels towards the end of the year. This outcome has b..

Elliott Capital Advisors, L.P : Form 8.3 - GKN Plc

21/02/2018 15:25:10
FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the "Code") 1.         KEY INFORMATION (a) Full name of discloser: Elliott Capital Advisors, L.P. (for itself and related general partners ..

Most read news

  • 24 hours
  • 48 hours
  • 1 week
1
Qorvo® Wins Prestigious GTI Award for 5G RF Front End
2
Canada’s Johnston Maintains Lead after Day Three of FLW Tour at Harris Chain of Lakes Presented by Lowrance
3
PRF: Consolidated Unaudited Interim Report of AS PRFoods for 4th quarter and 12 months of 2017
4
Nokia enhances whole-home Wi-Fi solution for service providers to provide faster, better, smarter network experience
5
Qorvo® RF Fusion™ Helps Microsoft Surface Pro with LTE Advanced Stay Connected

Related stock quotes

BHP Billiton PLC ORD $0... 1,516.00 0.0% Stock price unchanged
RIO Tinto PLC ORD 10P 4,001.50 0.0% Stock price unchanged
Tullow OIL PLC ORD 10P 190.75 0.0% Stock price unchanged
BHP Billiton Limited 48.30 0.0% Stock price unchanged
Anglo American PLC ORD U.. 1,788.40 0.0% Stock price unchanged
BP PLC $0.25 475.29 0.0% Stock price unchanged
BP p.l.c. 40.10 0.0% Stock price unchanged
Rio Tinto PLC 57.07 0.0% Stock price unchanged
Vedanta Resources PLC OR.. 754.20 0.0% Stock price unchanged

Buy and sell signals

  • Trend
  • Moneymachine

Copyright Euroinvestor A/S 2018   Disclaimer and Terms of Use
Quote information is delivered by Morningstar.
Data is delayed 15-20 minutes according to the distribution agreements set by the different exchanges.
 
25 February 2018 17:22:25
(UTC+00:00) Dublin, Edinburgh, Lisbon, London
Version: ReleaseBuild_20180222.1 - EUROWEB1 - 2018-02-25 18:22:25 - 2018-02-25 17:22:25 - 1000 - Website: OKAY