Rio Tinto Shares Rally 2.1% as Miners Lift FTSE on China GDP Upswing
Rio Tinto shares jumped 2.1% as the FTSE 100 opened 26 points higher at 10,585, leading miner gains driven by commodity demand optimism. The uptick outpaced Anglo American’s 1.6% rise following UK GDP’s 0.5% quarterly growth and stronger China economic data.
1. FTSE 100 Opens Higher
The FTSE 100 began trading 26 points higher at 10,585, propelled by outperformance in the consumer and mining sectors. Tesco rose 3.2% on strong full-year results and Entain added 2.4%, but it was the miners that led the rally.
2. Mining Stocks Drive Gains
Rio Tinto surged 2.1% and Anglo American climbed 1.6%, reflecting renewed optimism in commodities markets. UK GDP expanded 0.5% in the three months to February, and fresh China growth figures bolstered demand expectations for industrial metals.
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