(RTTNews) – The U.K. market is up marginally in late morning trades on Monday, having eased a bit after a fairly decent upmove at the start. Mining stocks are faring well.
Metal prices climbed higher amid easing U.S.-China trade tensions after U.S. President Donald Trump struck a more conciliatory tone on trade with China, saying that everything would be “fine” and that Washington was not looking to “hurt” China.
The benchmark FTSE 100 was up 6.06 points or 0.06% at 9,433.53 about half an hour before noon. The index had advanced to 9,460.76 earlier in the session.
Miners are in demand as metal prices moved higher. Fresnillo is soaring nearly 8%. Endeavour Mining is gaining nearly 6%, Antofagasta is rising 3.7% and Anglo American Plc is advancing 2.75%. Glencore and Rio Tinto are up 2.1% and 1.3%, respectively.
Persimmon, M&G, Berkeley Group Holdings, Entain, Barratt Developments, Lloyds…
