FTSE 100 Rises As Miners Surge On China Stimulus Hopes
(RTTNews) - U.K. stocks rose on Monday, with miners leading the surge on hopes of additional policy stimulus in China.
A private survey showed China's factory activity slowed in June, raising calls for more stimulus to boost growth.
Closer home, the S&P Global U.K. Manufacturing PMI dropped to 46.5 in June from 47.1 in May.
The benchmark FTSE 100 was up 21 points, or 0.3 percent, at 7,552 after rising 0.8 percent on Friday.
Gains in metal prices lifted mining stocks, with Anglo American, Antofagasta and Glencore rallying 2-4 percent.
Supermarket chain Tesco gained about 1 percent as it appointed a new chairman to replace its former chair, John Allan, who stepped down last month following allegations of misconduct.
AstraZeneca plunged nearly 6 percent after results from a high-level study of a new cancer medicine lagged expectations.
French Consumer Sentiment Weakest Since 2023
European Shares Decline Amid French Uncertainty
Asian Shares Slip After Trump's Tariff Threats
Indian Rupee Falls To More Than 4-week Low On Tariff Worries
Antipodean Currencies Fall Amid Risk-off Mood
NZ Dollar Slides Against Majors
Australian Dollar Falls Against Majors
