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Miners, banks boost FTSE 100 ahead of construction activity data

Published 08/04/2021, 08:26
Updated 08/04/2021, 08:30
© Reuters.
UK100
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JMAT
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AAL
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FTMC
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LOOK
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(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 0.4%, FTSE 250 off 0.04%

April 8 (Reuters) - London's FTSE 100 climbed on Wednesday
supported by gains in heavyweight mining and banking stocks,
while investors awaited March construction industry activity
data later in the day.
The blue-chip index .FTSE rose 0.4% to its highest since
February last year, with Johnson Matthey JMAT.L jumping 3.4%
after the chemicals maker said it had started a strategic review
of its health business. Mining stocks rose with Anglo American AAL.L gaining 2.5%,
as the company said it would spin off its thermal coal assets in
South Africa. The domestically focussed mid-cap FTSE 250 index .FTMC
edged 0.04% lower after scaling a record high in the previous
session.
Globally, investor sentiment was upbeat after the Federal
Reserve underlined its commitment to keeping policy super loose
even as the U.S. economy enjoys a rapid recovery. MKTS/GLOB
Among other stocks, Lookers LOOK.L jumped 15% after the
auto retailer forecast 2021 underlying profit before tax to be
materially ahead of analysts' estimates.

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