Miners help FTSE 100 override trade worries

FILE PHOTO: Signage is seen outside the entrance of the London Stock Exchange in London, Britain. Aug 23, 2018. REUTERS/Peter Nicholls/File Photo - Copyright Peter Nicholls(Reuters)

By Reuters

Published on 02/09/2019 - 09:34•Updated 25/04/2024 - 22:13

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(Reuters) - London's FTSE 100 weathered the impact of the latest U.S.-China tariffs on Monday, thanks to mining stocks as iron ore prices jumped after China pledged support to its economy and nickel prices gained on Indonesia's move to expedite ore exports ban.

The main index <.FTSE> added 0.4% as shares of heavyweight miners Rio Tinto <RIO.L> and Glencore <GLEN.L> advanced 1% each, while consumer goods firms and healthcare stocks also supported the index.