5 Aug 2015
FTSE strengthens as Miners rally
FXStreet (Mumbai) - The London’s Ftse index on Wednesday was boosted by the gains in the Mining shares and better-than-expected results from the London Stock Exchange Group.
The LSEG rose 2% after the quarterly results beat expectations as profit after tax rose 21%. British insurer Legal & General rose 3.6%, the top FTSE 100 performer, after beating forecasts with an 18% rise in operating profit.
The Ftse mining index strengthened 1.9%. Shares in BHP Billition, Rio Tinto, Glencore strengthened 2% each. Meanwhile, the losing side includes names like Sports Direct, Travis Perkins, Meggitt, Rolls-Royce holdings.
The Ftse index currently trades 0.30% or 20.23 points higher at 6706.80, about 6% off from the all-time highs hit in April. The drop in the service sector activity highlighted by the final Markit PMI print released today has failed to have a major impact on the stock markets.
The LSEG rose 2% after the quarterly results beat expectations as profit after tax rose 21%. British insurer Legal & General rose 3.6%, the top FTSE 100 performer, after beating forecasts with an 18% rise in operating profit.
The Ftse mining index strengthened 1.9%. Shares in BHP Billition, Rio Tinto, Glencore strengthened 2% each. Meanwhile, the losing side includes names like Sports Direct, Travis Perkins, Meggitt, Rolls-Royce holdings.
The Ftse index currently trades 0.30% or 20.23 points higher at 6706.80, about 6% off from the all-time highs hit in April. The drop in the service sector activity highlighted by the final Markit PMI print released today has failed to have a major impact on the stock markets.