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UK's FTSE 100 climbs as mining stocks shine

ReutersMar 24, 2025 10:50 AM
  • FTSE 100 up 0.19% FTSE 250 rises 0.12%
  • Inflation data and budget update expected this week

- The UK's benchmark FTSE 100 index rose on Monday, buoyed by strong performance in mining stocks, while investors also awaited more clarity on U.S. President Donald Trump's tariff plans.

The blue-chip FTSE 100 .FTSE was up 0.19%. The domestically focused FTSE 250 index .FTMC also gained 0.12%.

Miners Anglo American AAL.L, Antofagasta ANTO.L, Rio Tinto RIO.L, Glencore GLEN.L and Fresnillo FRES.L were among the top gainers on the blue-chip index, rising between 3.6% to 2.4%.

Copper prices in London also gained ground, tracking some weakness in the dollar.

The pan-European STOXX 600 .STOXX was 0.4% higher, led by gains in mining stocks.

This week will see the release of key economic data including UK inflation figures, a half-yearly budget update and the U.S. Federal Reserve's preferred inflation reading.

However, market sentiment will be driven by updates on U.S. President Donald Trump's plans for global reciprocal tariffs from April 2.

Back home, businesses in Britain's huge services sector reported a pickup this month, according to a survey that offered some comfort to Finance Minister Rachel Reeves ahead of a challenging speech on the economy and the public finances this week.

Monday's preliminary reading of the UK S&P Purchasing Managers' Index (PMI) for the services sector hit a seven-month high of 53.2 in March, up from 51 in February.

Among other stocks, Wood Group WG.L rose 1.3% after the oilfield services and engineering firm extended the deadline to April 17 for Sidara's new takeover offer.

For related prices, Reuters users may click on -  UK stock report     .L     FTSE index:         0#.FTS6  techMARK 100 index: .FTT1X         FTSE futures:     0#FFI:  Gilt futures:       0#FLG:         Smallcap index:    .FTSC  FTSE 250 index:     .FTMC          FTSE 350 index:    .FTLC  Market digest:      .AD.L          Top 10 by vol:     .AV.L  Top price gainers:  .NG.L          Top % gainers:     .PG.L  Top price losers:   .NL.L          Top % losers:      .PL.L 
     For related news, click on - UK hot stocks:      HOT and GB     Wall Street:          .N Gilts report:       GB/            Euro bond report GVD/EUR Pan European stock report: .EU Tokyo stocks:       .T             HK stocks:           .HK Sterling report:    GBP/           Dollar report:      USD/
     For company prices, click on - Company directory:  UKEQ          By sector:          FTAX 
     For pan-European market data, click on - European Equities speed guide................ EUR/EQUITY  FTSE Eurotop 300 index........................... .FTEU3  DJ STOXX index................................... .STOXX  Top 10 STOXX sectors........................ .PGL.STOXXS  Top 10 EUROSTOXX sectors................... .PGL.STOXXES  Top 10 Eurotop 300 sectors.................. .PGL.FTEU3S  Top 25 European pct gainers.................... .PG.PEUR  Top 25 European pct losers..................... .PL.PEUR 
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