Miners helped the FTSE advance more than 80 points after three hours' trading Wednesday as fears Europe's debt crisis could hamper global growth softened.
Shortly after 11am, London's leading index was up 1.6% at 5,020.8. Platinum miner Lonmin led the winners, gaining 99p, or 6.34%, to £16.60, while Eurasian Natural Resources advanced 5.85% to 958.5p and Kazakhmys climbed 5.69% to £11.33. Across Europe, the French Cac was 2.3% higher while Germany's Dax advanced 1.5%. Earlier, Asian stock markets rebounded while, overnight, Wall Street bounced in late trading to end all but flat at 10,043. Asian markets rallied from a 10-month low as speculation of rising demand in China overshadowed European debt concerns. The Nikkei 225...
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