{"id":124423,"date":"2021-05-10T09:23:15","date_gmt":"2021-05-10T09:23:15","guid":{"rendered":"https:\/\/precoinnews.com\/?p=124423"},"modified":"2021-05-10T09:23:15","modified_gmt":"2021-05-10T09:23:15","slug":"mining-energy-stocks-boost-ftse-100-stronger-pound-limits-gains","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/markets\/mining-energy-stocks-boost-ftse-100-stronger-pound-limits-gains\/","title":{"rendered":"Mining, energy stocks boost FTSE 100, stronger pound limits gains"},"content":{"rendered":"

(Reuters) -London\u2019s FTSE 100 edged higher on Monday, led by heavyweight miners, although gains were limited by a stronger pound and as investors awaited new government plans for easing lockdowns.<\/p>

FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS\/Toby Melville<\/figcaption>

The blue-chip index rose 0.2%, with miners mainly Glencore, BHP Group and Rio Tinto providing the biggest boost as copper prices touched record highs on hopes of improved demand amid tightening supply. [MET\/L]<\/p>\n

Oil majors BP and Royal Dutch Shell added 1% and 0.4% respectively, tracking crude prices. [O\/R]<\/p>\n

However, the FTSE 100 index\u2019s gains were limited as large dollar-earning consumer staples companies including Unilever, British American Tobacco and Diageo slipped due to a stronger pound. [GBP=]<\/p>\n

British Prime Minister Boris Johnson will set out on Monday the next phase of lockdown easing in England, giving the green light to \u201ccautious hugging\u201d and allowing pubs to serve customers pints inside after months of strict measures.<\/p>\n

\u201cThere\u2019s definitely been a COVID-19 battle premium built into UK equities and the sterling for a while now because their vaccination programme has gone so well and rapidly and as they move forward it\u2019s going to increase,\u201d said Jeffrey Halley, a senior market analyst at OANDA.<\/p>\n

\u201cPotentially the worst of the COVID-19 crisis is approaching an endgame for the UK. The key to (economic normality) will be the reopening of international borders but that one\u2019s a little more challenging as vaccination programmes in other parts of Europe and the world have not gone so well.\u201d<\/p>\n

Britain has allowed international travel to resume from May 17, but just 12 countries and territories made the so-called \u201cgreen list\u201d.<\/p>\n

Ryanair Holdings, British Airways-owner IAG, Wizz Air and easyJet fell between 1.1% and 2.5%.<\/p>\n

The domestically focussed mid-cap FTSE 250 index was flat. Bakery and fast food chain Greggs surged 9% to the top of the index after raising its profit outlook.<\/p>\n

However, Provident Financial slipped 6.5% after the sub-prime lender said it expected costs of up to 100 mln pounds ($140.61 mln) related to the closure of its troubled doorstep-lending division.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

(Reuters) -London\u2019s FTSE 100 edged higher on<\/p>\n","protected":false},"author":3,"featured_media":124422,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23054],"tags":[],"yoast_head":"\nMining, energy stocks boost FTSE 100, stronger pound limits gains - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/markets\/mining-energy-stocks-boost-ftse-100-stronger-pound-limits-gains\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mining, energy stocks boost FTSE 100, stronger pound limits gains - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"(Reuters) -London\u2019s FTSE 100 edged higher on\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/markets\/mining-energy-stocks-boost-ftse-100-stronger-pound-limits-gains\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-05-10T09:23:15+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/05\/Mining-energy-stocks-boost-FTSE-100-stronger-pound-limits-gains.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/markets\/mining-energy-stocks-boost-ftse-100-stronger-pound-limits-gains\/\",\"url\":\"https:\/\/precoinnews.com\/markets\/mining-energy-stocks-boost-ftse-100-stronger-pound-limits-gains\/\",\"name\":\"Mining, energy stocks boost FTSE 100, stronger pound limits gains - 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