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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. |