FX.co ★ FTSE 100 Rises Led By Miners

On Monday, UK stocks nudged higher following commitments from China's leadership to implement "more proactive" fiscal and monetary policies in the coming year, aimed at bolstering domestic consumption.

However, gains were tempered by a new report indicating that UK business confidence has dropped to its lowest point since January 2023. According to business advisory firm BDO, the Optimism Index, a vital gauge of business sentiment, declined significantly by 5.81 points to 93.49 in November, as enterprises grapple with rising costs.

The FTSE 100 index recorded a rise of 26 points, or 0.3%, reaching 8,334 after a 0.5% decline on Friday.

In the mining sector, shares of Anglo American, Antofagasta, and Glencore increased by approximately 3%. Conversely, Domino's Pizza Group experienced a nearly 3% decline following the announcement of a new five-year framework agreement with its franchise partners.

Meanwhile, Reckitt Benckiser, specializing in nutrition products, saw a slight decrease in its stock following its update on the share buyback program.