🚀 AI-picked stocks soar in May. PRFT is +55%—in just 16 days! Don’t miss June’s top picks.Unlock full list

Banks, mining stocks lift FTSE 100 to one-week high on stimulus hopes

Published 03/11/2020, 09:25
Updated 03/11/2020, 09:30
© Reuters.
UK100
-
FTMC
-
FTNMX301010
-
FTNMX402020
-
FTNMX551030
-
FTNMX601010
-
STOXX
-
CRST
-

(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window)
* FTSE 100 up 1.3%, FTSE 250 adds 1.2%

Nov 3 (Reuters) - London's FTSE 100 rose on Tuesday, getting
a boost from financial and mining stocks as investors bet on
more stimulus measures to soften the economic impact from a
second wave of new coronavirus infections.
The commodity-heavy FTSE 100 index .FTSE gained 1.3%,
bolstered by banks .FTNMX8350 and energy .FTNMX0530 stocks,
while the domestically focussed mid-cap FTSE 250 .FTMC added
1.2%.
Mining .FTNMX1770 stocks climbed 1.9% - tracking higher
metal prices.
European shares .STOXX also tracked a rally in Asia ahead
of Election Day in the United States. .EU
The Reserve Bank of Australia trimmed interest rates to near
zero on Tuesday and expanded its bond-buying programme, with
dealers expecting a similar asset purchase pump by the Bank of
England in its policy meeting on Nov. 5 to stem a faltering
economic recovery. In company news, Crest Nicholson Holdings Plc CRST.L
jumped 13.2% after the homebuilder forecast annual profit ahead
of market expectations and reinstated dividends due to a strong
recovery in the housing market. The wider homebuilding sub-index .FTNMX3720 gained 1.6%.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.