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FTSE 100 bounces back at start of new week FTSE 100 bounces back at start of new week
(35 minutes later)
(Open): London's leading shares opened higher on Monday, recovering some of Friday's losses.(Open): London's leading shares opened higher on Monday, recovering some of Friday's losses.
In the opening minutes, the benchmark FTSE 100 index gained 79.5 points or 1.32% to 6,122.42.In the opening minutes, the benchmark FTSE 100 index gained 79.5 points or 1.32% to 6,122.42.
On Friday, the index fell 2.4% after US jobs figures fell short of analysts' expectations.On Friday, the index fell 2.4% after US jobs figures fell short of analysts' expectations.
Mining stocks led the FTSE higher, with Antofagasta up 4.5% and Rio Tinto adding 2.1%.
But with US markets closed on Monday for the Labor Day holiday, investors were not expecting any lead from Wall Street later in the day.
There were only two fallers in early trade on the 100-share index. AB Foods, which owns low-cost fashion retailer Primark, fell 1% despite maintaining its full-year earnings forecast in a statement released on Monday.
On the currency markets, the pound rose 0.18% against the dollar to $1.5199 and gained 0.3% against the euro to €1.3649.On the currency markets, the pound rose 0.18% against the dollar to $1.5199 and gained 0.3% against the euro to €1.3649.