Morning Markets: FTSE higher on miner strength

clock

The FTSE 100 is up 32.83 points (0.65%) at 5057.15 following some volatility in early trading, as Australia's decision to raise interest rates surprises the global markets.

Australia is the first leading economy to raise interest rates from global record lows, having increased its key rate by 25 basis points to 3.25%. Strong performances from miners are supporting the blue-chip index, with the sector benefiting from yesterday’s rise in metals prices and upgrades in the sector by the Royal Bank of Scotland. Kazakhmys and Randgold Resources are leading the pack, up 5.19% at £10.54 and 3.89% at £43.57 respectively. Meanwhile, Tesco shares are down 0.87% at 388p following the supermarket’s report of a 1.5% rise in half-year profits and intention to raise ...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Investment

Over a quarter of younger investors own crypto as overall optimism on the rise in July

Over a quarter of younger investors own crypto as overall optimism on the rise in July

Optimism up from May figures

Sorin Dojan
clock 23 July 2025 • 2 min read
Partner Podcast: What clients really want from their managers

Partner Podcast: What clients really want from their managers

Listen to the latest postcast with Honor Solomon, CEO for EMEA and Head of EMEA Retail Sales, at AllianceBernstein

Honor Solomon, CEO for EMEA and Head of EMEA Retail Sales, at AllianceBernstein
clock 22 July 2025 • 1 min read
Dimensional's Kaitlin Hendrix: Counting the cost of index rebalancing

Dimensional's Kaitlin Hendrix: Counting the cost of index rebalancing

Reconstitutions can hurt returns

Kaitlin Hendrix
clock 18 July 2025 • 4 min read
Trustpilot