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Miners help FTSE 100 override trade worries

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 -
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Peter Nicholls(Reuters)
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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.

The mid-cap FTSE 250 <.FTMC> inched up 0.2% by 0713 GMT.

(Reporting by Shashwat Awasthi in Bengaluru; Editing by Arun Koyyur)

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