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On Tuesday, British stocks grew for the first time in four trading sessions, driven by a weaker pound, with precious-metals miners among the number one advancers on the back of solid revenues for gold as well as silver prices.
The FTSE 100 UKX inched up 0.5%, trading at 7,319.98, rebounding from Monday’s 0.5% sag.
Randgold Resources Ltd surged 1.91%, demonstrating one of the biggest revenues on Tuesday.
Meanwhile, gold rallied 0.53%, hitting $1,259.70, while silver added 0.87%, trading at $18.35.
Besides this, in the mining space, stocks of Anglo American PLC AAL acquired 1% after the company’s majority-owned De Beers Group posted a 4.9% soar in diamond sales in the third cycle of 2017.
The London benchmark FTSE 100 was also backed by a weaker pound. The currency pair GBP/USD declined to $1.2433 from $1.2487 on Monday. Approximately 75% of profits generated by FTSE 100 companies come from abroad; therefore poor sterling helps to boost those earnings.
On Friday, Asia-Pacific stock indices were quite mixed amid cautious trading after US President Donald Trump dared to cancel the highly anticipated summit with North Korean leader Kim Jong-no and also accused North Korea of showing great anger as well…
On Thursday, the American stock market dived at the beginning of the trading session amid news that US President Donald Trump canceled a scheduled meeting with North Korean leader Kim Jong-no…
On Thursday, European markets rallied, as investors watched the steep increase in financial as well as technological stocks…
America’s on the verge of starting an investigation into whether thermoplastic components utilized in some Japanese as well as German vehicles sold in the country violate its patent laws or not…
On Monday, gold headed south in European trade, making its way toward a three-week minimum after American congressional leaders came to an agreement to fund the government via the fall, thus easing worries as for a shutdown of the federal government…
On Tuesday, crude prices traded weaker because a poll on Chinese manufacturing came in weaker than expected and market participants looked ahead to American inventories on oil as well as refined products to set the overall tone…
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