Economy Miners help FTSE 100 override trade worries

Miners help FTSE 100 override trade worries

Image result for Miners help FTSE 100 override trade worries
Miners help FTSE 100 override trade worries

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 .FTSE added 0.4% as shares of heavyweight miners Rio Tinto (RIO.L) and Glencore (GLEN.L) advanced 1% each, while consumer goods firms and healthcare stocks also supported the index.

The mid-cap FTSE 250 .FTMC inched up 0.2% by 0713 GMT.

Previous articleVW retains access to U.S. public sector contracts, gets second monitor at HQ
Next articleWirecard signs cooperation agreement with SoftBank’s Brightstar