FX.co ★ FTSE 100 Trades Around Record

The FTSE 100 remained close to the landmark 9,000 level on Monday, buoyed by robust performance in mining stocks. Iron ore prices reached a peak not seen in four months, enhancing the value of Glencore, which saw a 3.5% increase, alongside Anglo American, which rose over 3%, and Rio Tinto, which gained more than 2.5%. Antofagasta, a major copper producer, experienced a 3% increase in its shares, driven by rising copper prices. Additionally, gold-related stocks, including Fresnillo and Endeavour, saw upward movement as the price of bullion increased. EasyJet's shares also climbed by more than 1%, benefiting from strong earnings and a favorable outlook from rival Ryanair. In a separate development, BP appointed Albert Manifold as its new chair, effective from October 1, amidst ongoing speculation about a possible takeover. Market participants were also monitoring geopolitical events, with European Union representatives preparing for a potential no-deal situation with U.S. President Trump, ahead of the upcoming August 1 tariff deadline, as transatlantic trade tensions remain a significant market focus.