{"id":127088,"date":"2021-06-01T07:50:54","date_gmt":"2021-06-01T07:50:54","guid":{"rendered":"https:\/\/precoinnews.com\/?p=127088"},"modified":"2021-06-01T07:50:54","modified_gmt":"2021-06-01T07:50:54","slug":"miners-oil-majors-boost-ftse-100-higher-ahead-of-factory-activity-data","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/markets\/miners-oil-majors-boost-ftse-100-higher-ahead-of-factory-activity-data\/","title":{"rendered":"Miners, oil majors boost FTSE 100 higher ahead of factory activity data"},"content":{"rendered":"
FILE PHOTO: A man shelters under an umbrella as he walks past the London Stock Exchange in London, Britain, August 24, 2015. REUTERS\/Suzanne Plunkett<\/figcaption>

(Reuters) – London\u2019s FTSE 100 index edged higher on Tuesday, helped by gains in heavyweight commodity stocks, while investors awaited a monthly reading on factory activity to gauge the pace of the country\u2019s economic recovery.<\/p>\n

The blue-chip index rose 0.4%, with base metal miners gaining 2.5% as they tracked higher copper and iron ore prices. [O\/R]<\/p>\n

Oil majors BP and Royal Dutch Shell also added more than 0.5% each after Brent crude topped $70 on favourable demand outlook. [O\/R]<\/p>\n

The domestically focused mid-cap FTSE 250 index advanced 0.4%.<\/p>\n

Wickes Group added 3.1% after the do-it-yourself retailer said its sales had surged in April, resulting in total like-for-like growth in the 21 weeks to May 22 at 46% compared with the same period a year ago.<\/p>\n

Mortgage lender Nationwide said British house prices jumped by an annual 10.9%, the most in nearly seven years, and they look set to accelerate further as people seek new homes after the COVID-19 pandemic.<\/p>\n

The wider homebuilders index rose 1.1%.<\/p>\n

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

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