Skip to content

FTSE100 making headway but held back by Miners

By Tony Cross, Monk Communications

The mining sector has had a very strong run over the last week with expectations of increased demand for materials in light of Donald Trump’s infrastructure plans having delivered some significant upside and traders seem ready to book some profits here.

Pearson is the stand out winner in early trade, up almost 5% in the wake of a broker upgrade, whilst Land Securities is also finding favour off the back of some well received earnings – some welcome respite for a business that has been rattled by the prospect of Brexit.

Looking ahead, UK inflation data will be under close scrutiny and the falling pound should again deliver another welcome boost here, although anything too hot would raise concerns over monetary policy which in turn could leave stocks rattled.

Later in the session, US retail sales will also be under scrutiny and could offer some direction on both sides of the Atlantic although on the basis this number will reflect conditions well before the election, the impact could be rather short lived.

Share this article

Invest with these platforms

Hargreaves Lansdown

IG

Interactive Brokers

Interactive Investor

Charles Stanley

IG

Interactive Brokers

Charles Stanley

Looking for great investing ideas? Get our free newsletter.
Join our UK news channel on WhatsApp

This article does not constitute investment advice.  Do your own research or consult a professional advisor.

Learn with our free 'How to' Guides

Our latest in-depth company reports

On the podcast

Sign up for great investing stock tips

Thanks to our Site Partners

Our partners are established, regulated businesses and we are grateful for their support.

Aquis
CME Group
FP Markets
Pepperstone
Schroders

TMX
WisdomTree
ARK
FxPro
CMC Markets
Back To Top