Wall Street shares higher as consumer confidence buoys sentiment
The index eased a further 22 points to 5,936 today despite a rise for the miners.
Company
LON:AAL
Anglo American is a leading global mining company focused on the responsible production of copper, premium iron ore and crop nutrients – future-enabling products that are essential for decarbonising the global economy, improving living standards, and food security. The company's portfolio of world-class operations and outstanding resource endowments offers value-accretive growth potential across all three businesses, positioning it to deliver into structurally attractive major demand growth trends.
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The index eased a further 22 points to 5,936 today despite a rise for the miners.
"Glencore has no debt covenants and continues to retain strong lines of credit," it said.
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Shares fell after Asian markets dipped amid worries about China slowdown
Investments and investor services
The FTSE 100 ended the day around some 2.5% lower, 150 points, at 5,958.
Switzerland's Weko watchdog is looking into seven banks.
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Chinese industrial profits in August declined at fastest annual pace since records began
Investments and investor services
The FTSE 100 ended 1.6%, or 96.4 points higher at 6,032.
A revival in mining and automotive industry shares lifted indices
Mining editor Alastair Ford takes a closer look at the latest data from China.
Credit Suisse did the most damage, downgrading as many as 10 mining stocks.
Investments and investor services
In London, the FTSE 100 fared a little better, but not much, easing 2.8%, or 172 points to 5,935.
The FTSE 100 dropped 99 points to 6,009 despite the US ending on a positive note.
Investments and investor services
Footsie fell away from its session highs as the afternoon went on, with widening losses in the mining sector out-weighing the morning gains made by the index’s healthcare stocks.
Property and investment stocks are replacing miners and oilers in Footsie
Gold was trading US$3 lower to US$1,105 today as US data was met with mixed reaction.
“With that being impossible, they have opted for the second choice, namely running around in circles," Chris Beauchamp at IG said.
FTSE 100 gained 39 points to 6,157 with nearly all of the Footsie members showing early advances.
After lunch, investors were not willing to carry much risk into the American session.
It was right into the midst of a maelstrom of fevered optimism that Glencore listed.