FTSE 100 Little Changed; Miners And Financials Surge On China Optimism
(RTTNews) - U.K. stocks were little changed on Tuesday amid lingering worries about high inflation and rising interest rates.
However, miners rallied after Chinese Premier Li Qiang said his country was still on track to reach its annual growth target of around 5 percent.
The benchmark FTSE 100 was marginally higher at 7,456 after closing down 0.1 percent on Monday.
Antofagasta jumped 1.5 percent and BHP rose 1.1 percent as metal prices rose on optimism over Chinese growth.
China-focused insurer Prudential gained nearly 1 percent and HSBC Holdings was up 0.8 percent.
JD Sports Fashion plunged more than 5 percent after the retailer reported a slowdown in sales growth in May.
Fintech company Wise soared 18 percent after reporting a surge in annual profit in the financial year that ended March 31.
China Economic Data Disappoints
Yen Rises Against Majors
NZ Dollar Falls On Soft China Data
NZ Dollar Falls Against Majors
European Shares Seen Tad Higher As World Braces For Alaska Talks
Australian Market Extends Early Gains In Mid-market
Asian Markets Trade Mixed
