Miners boost FTSE 100 on China optimism; Vistry jumps. The exporter-heavy FTSE 100 index in the United Kingdom began higher on Monday, lifted by miners after favorable statistics from China signaled stability in the world’s second-largest economy. Additionally, Vistry shares increased as the homebuilder maintained its annual profit projection, which prompted investors to see the company positively.
During the early going of trading, the blue-chip FTSE 100 index (.FTSE) increased by 0.6%, while the mid-cap FTSE 250 index (.FTMC) increased by 0.4%.
The data revealed that China’s consumer prices returned to positive territory in August. At the same time, the country’s new bank loans surged more than was projected last month, representing signals of economic stabilization in the world’s largest consumer of metals.
Industrial metal miners rose 2.8%, as represented by the.FTNMX551020 index.
Vistry Group (VTYV.L) soared 14.4% after the British homebuilder announced it would integrate its affordable-housing company ‘Partnerships’ with its Housebuilding activities while maintaining its annual profit projection.
The share price of AstraZeneca (AZN.L) dropped by 0.6% after it was reported on Sunday by The Mail that the CEO of the pharma manufacturer, Pascal Soriot, had discreetly informed friends and close advisors that he was considering stepping down.
Barclays (BARC.L) gained 0.7% after Reuters reported that the lender is drawing up plans to slash hundreds of employees, citing two persons familiar with the situation, as the bank lowers its expenses while starting on a larger strategic review. Reuters based its article on the information provided by the two sources.
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