"With a risk-on mood gripping markets, the Footsie has gained 21 points, or 0.2%, to touch a fresh intraday high of 10,362 points. This means the index has risen by 4.3% so far this year. Mining stocks are back in the top risers; gold and metal producer Endeavour has jumped by 5%, followed by rival Fresnillo (+4%). Copper producer Antofagasta (+2.5%) and Anglo American (+2.3%) are also benefitting from a pick-up in commodity prices."
"Share Europe's benchmark share index has also hit a record high today. The pan-European Stoxx 600 index is up 0.4% at 619.86 points, with basic resources (mining) companies leading the risers. European mining sector remains the best-performing one this year with a more than 13% gain, Reuters points out. Share Gold is 12% above yesterday's lows, while silver is 22% higher moves which suggest the market remains somewhat disorderly and prone to wild swings in price, says Neil Wilson, Saxo UK investor strategist."
The FTSE 100 opened at a fresh intraday record, up 21 points (0.2%) to 10,362, marking a 4.3% rise year-to-date. Mining and precious metals stocks led gains, with Endeavour up 5%, Fresnillo +4%, Antofagasta +2.5% and Anglo American +2.3% as commodity prices pick up. The pan‑European Stoxx 600 also hit a record, rising 0.4% to 619.86, and the European mining sector has gained over 13% this year. Gold is about 12% above recent lows and silver 22% higher. Renewed buying follows a clear-out of leveraged speculative positions, and policy moves such as a tariff u-turn have helped lift markets.
Read at www.theguardian.com
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