FTSE adds 100 points on miner gains

clock

The FTSE opened sharply higher in early trading on Wednesday following positive corporate earnings updates in the US and advancing metal prices.

London's leading index is 94 points, or 1.6%, higher at 5,991. Sentiment was boosted by strong earnings updates in the US, with healthcare giant Johnson & Johnson, Yahoo and tech firm IBM all posting better than expected results. Miners drove the improvement in London's top flight on rising metal prices. Antofagasta and Xstrata have risen 3.11% and 2.91% respectively. However, Resolution is down 1.68% at 287.5p, having gone ex-dividend today. In Europe, the Cac is up 1.38% at 3962.64, while the Dax is up 1.63% at 7154.37. Meanwhile, in Asia, the Nikkei closed up 1.76% at 9,60...

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 Economics

UK employment falls to 13-year low despite positive services output

UK employment falls to 13-year low despite positive services output

BDO Employment index

Cristian Angeloni
clock 07 July 2025 • 1 min read
Trump returns to tariff threats as 9 July deadline approaches

Trump returns to tariff threats as 9 July deadline approaches

EU and BRICS at risk

Linus Uhlig
clock 07 July 2025 • 1 min read
Early Powell departure could be an 'unexpected gift' for EMs

Early Powell departure could be an 'unexpected gift' for EMs

Trump claims he will replace chair sooner

Eve Maddock-Jones
clock 01 July 2025 • 3 min read
Trustpilot