Banks, miners drive FTSE 100 to two-week highs - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

📆 2022-09-12 3:56 PM
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UK stocks rallied into the close on Monday, with a surge in banking and mining stocks pushing the blue-chip FTSE 100 to over two-week highs even as data showed Britain’s economy expanded less than expected in July.

FTSE 100 and the domestically focussed midcap index gained 1.7% each

European markets, most affected by the war spanning several months, surged. The region’s stocks gauge closed up 1.8%. Investors will focus on UK jobs and inflation data later this week for clues on the health of the domestic economy and direction of interest rates.

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