29/05/2012 09:53:00

LONDON MARKETS: Miners Push FTSE Higher On China Stimulus

Related content
08 Feb - 
INVESTOR ALERT: Levi & Korsinsky, LLP Reminds Sharehold..
07 Feb - 
DEADLINE ALERT: Bronstein, Gewirtz & Grossman, LLC Remi..
06 Feb - 
RIO TINTO PLC INVESTOR DEADLINE: Hagens Berman Reminds ..

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

Form 8.3 - AXA INVESTMENT MANAGERS : Booker Group PLC

27/02/2017 14:35:07
FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE ..

Majedie Asset Management Ltd : Form 8.3 - TESCO PLC

27/02/2017 13:56:07
FORM 8.3   PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECU..

HSBC Bank Plc : Form 8.5 (EPT/RI) - London Stock Exchange Group Plc

27/02/2017 10:19:57
FORM 8.5 (EPT/RI) PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY ..

Most read news

  • 24 hours
  • 48 hours
  • 1 week
1
Admiral Group PLC : Statement re Ogden Discount Rate
2
Fingerprints' touch sensor FPC1268 featured in Huawei's new P10 series
3
SHAREHOLDER ALERT: Brower Piven Encourages Investors Who Have Losses In Excess Of $100,000 From Investment In Psychemedics Corporation (PMD) To Contact Brower Piven Before The Lead Plaintiff Deadline In Class Action Lawsuit
4
SHAREHOLDER ALERT: Brower Piven Encourages Investors Who Have Losses In Excess Of $100,000 From Investment In DaVita Inc. (DVA) To Contact Brower Piven Before The Lead Plaintiff Deadline In Class Action Lawsuit
5
InterDigital IoT Demos at MWC 2017 Highlight Working Industry Use Cases, Key Partners

Related stock quotes

BP PLC $0.25 451.64 1.0% Stock price increasing
BP p.l.c. 33.98 1.4% Stock price increasing
Tullow OIL PLC ORD 10P 270.30 2.0% Stock price increasing
BHP Billiton PLC ORD $0... 1,325.10 1.3% Stock price increasing
Rio Tinto PLC 41.83 0.3% Stock price increasing
Anglo American PLC ORD U.. 1,268.12 1.3% Stock price increasing
BHP Billiton Limited 38.60 1.7% Stock price increasing
RIO Tinto PLC ORD 10P 3,341.50 0.8% Stock price increasing
BHP Billiton PLC Sponsor.. 33.14 1.4% Stock price increasing
Vedanta Resources PLC OR.. 870.90 -1.6% Stock price decreasing
BHP BLT FPO 24.99 0.0% Stock price unchanged
RIO Tinto FPO 62.49 0.0% Stock price unchanged
Wolseley PLC ORD 10 53/6.. 4,886.28 0.3% Stock price increasing
Anglo PLC 15.65 0.0% Stock price unchanged

Buy and sell signals

  • Trend
  • Moneymachine

Copyright Euroinvestor A/S 2017   Disclaimer and Terms of Use
Quote information is delivered by Interactive Data.
Data is delayed 15-20 minutes according to the distribution agreements set by the different exchanges.
 
27 February 2017 23:04:49
(UTC+00:00) Dublin, Edinburgh, Lisbon, London
Version: LiveBranchBuild_20170227.1 - EUROWEB5 - 2017-02-28 00:04:49 - 2017-02-27 23:04:49 - 1000 - Website: OKAY