London's FTSE 100 climbs over 1% as firmer gold prices boost miners
EWU•The FTSE 100 closed up 1.02% at 10,782.87 points as rising gold prices lifted precious metal miners 4.5%; the FTSE 250 gained 0.8%.
1. Miners lift benchmark
The FTSE 100 closed more than 1% higher on Monday, while the FTSE 250 rose 0.8%. Precious metal miners gained 4.5%, with Fresnillo, Antofagasta and Anglo American among the FTSE 100's top gainers as gold prices rose 1%.
2. Oil and jobs data
Brent crude fell more than 4%, weighing on energy stocks, after US President Donald Trump said renewed strikes on Iran were unlikely, while attacks on ships near the Strait of Hormuz continued to fuel supply concerns. A survey of recruiters showed Britain's jobs market cooled in October, although starting salaries for permanent jobs rose at a faster pace.
3. Company movers
Kainos Group fell 12.4% after keeping its second-half guidance unchanged. TBC Bank rose 9.8% after posting higher third-quarter net profit on Friday.
