FTSE 100 gains as oil, copper lift energy and miners
EWU•Britain’s FTSE 100 rose 0.78% to 10,835.47 as higher oil and copper prices lifted energy and mining shares. The FTSE 250 gained 0.72%.
1. Energy and miners rise
The energy sector gained 1.7%, ending a seven-session losing streak as crude prices rebounded from two-month lows. BP rose 2.7% and Shell gained 1.3%; industrial metal miners climbed nearly 1.8%, with Anglo American, Antofagasta and Glencore each up between 2.2% and 2.3%.
2. Homebuilders weigh
Financials provided the biggest boost to the FTSE 100, with IG Group and London Stock Exchange Group each rising more than 2%. Homebuilders fell 2.1%; Taylor Wimpey dropped 4.5% after lowering its full-year UK completions forecast, citing a subdued autumn selling season. Traders priced in a near 72% chance of a 25-basis-point Bank of England rate hike in December.
