FTSE closed higher as Mining Stocks Regain Ground

In Europe, stocks finished higher Tuesday and the market gained broadly. The FTSE 100 was higher, gaining 41.84 points or 0.68 percent to close at 6,156.65. The FTSE 250 was up 37.36 points or 0.22 percent to 16,724.42. Stocks were mainly higher helped mainly by a narrowing trade deficit announced Tuesday. The day’s gains helped give back to mining stocks which posted some of the highest increases for the day.


Source: FTSE 100 and FTSE 250. Google Finance.

Among mining stocks leading the market higher were, Anglo American, BHP Billiton and Rio Tinto. The gains were also helped by decreasing price effects from iron ore. Anglo American gained 6.63 percent to close at 572.22. BHP Billiton gained 2.53 percent to 799.81 and Rio Tinto gained 2.14 percent 1,975.54.

TUI also led in Europe Tuesday, the international travel market operator saw a jump in its stock value prior to strong expected earnings which it will be reporting on Wednesday. On Tuesday the stock gained 2.60 percent.

Data from IFA magazine, reported the following stocks leading gains in the U.K. on Tuesday.

Anglo American (AAL) 6.63 percent
Capita (CPI) 4.98 percent
Standard Chartered (STAN) 2.95 percent
Babcock International Group (BAB) 2.66 percent
TUI AG Reg Shs (DI) (TUI) 2.60 percent
BHP Billiton (BLT) 2.53 percent
Barclays (BARC) 2.52 percent
GKN (GKN) 2.48 percent
easyJet (EZJ) 2.31 percent
Rio Tinto (RIO) 2.14 percent

In other European markets, France’s CAC 40 closed up 15.40 points for a gain of 0.36 percent at 4,338.21. Germany’s DAX was higher by 64.95 points or 0.65 percent at 10,045.44. The Stoxx Europe 600 closed at 336.24 for a gain of 3.02 points or 0.91 percent. The Europe Dow was up 14.89 points or 0.97 percent to close at 1,549.73

In Asia, Japan’s Nikkei 225 was up 349.16 points or 2.15 percent to 16,565.19. Hong Kong’s Hang Seng Index was up 85.87 points or 0.43 percent to 20,242.68. China’s Shanghai Composite gained 0.48 points or 0.02 percent to close at 2,832.59. The S&P BSE Sensex was up 83.67 points or 0.33 percent to close at 25,772.53. In Australia the S&P/ASX gained 22.10 points or 0.42 percent to 5,342.80.

U.S. market indexes were also all trading mostly higher on Tuesday. At mid-afternoon the Dow Jones Industrial Average was up 180.01 points or 1.02 percent to 17,885.92. The S&P 500 Index was up 19.79 points or 0.96 percent to 2,078.48. The Nasdaq Composite was up 44.06 points or 0.93 percent to 4,794.27 . The S&P 400 Mid-Cap was on the uptrend at 1,465.70 for a gain of 12.58 points or 0.87 percent and the S&P Small-Cap was up 4.18 points or 0.61 percent to 692.05.

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