London stocks rise amid broader gains, commodity shares limit climb

Oct 28 - The UK's benchmark FTSE 100 rose on Monday in a broader rally led by travel and leisure shares, as well as aerospace and defence stocks, though losses in commodity-linked companies restricted overall gains.The travel and leisure sector , rose 1.38% after online train ticket seller Trainline , advanced 9.5%. The company raised its full-year revenue forecast for the second time in less than two months.

In contrast, precious metal miners , led the sectoral losses and slipped 1.7% as gold prices came under pressure against a stronger U.S. dollar and Treasury yields. Both BP , and Shell , were down over 1.6% each, while Ithaca Energy , was the biggest drag on the sector and lost 2.4%. Investors paid attention to the budget scheduled for Oct. 30, where UK's finance minister, Rachel Reeves, faces a tough task of raising the tax revenues needed to invest more in public services and new infrastructure.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Jim Wyckoff Brings Decades of Market Expertise to Kitco NEWSLearn about Jim Wyckoff's extensive background in the stock, financial, and commodity markets, including his roles as a journalist, analyst, and consultant.
La source: KitcoNewsNOW - 🏆 13. / 78 Lire la suite »