FTSE 100 rises on mining gains and mortgage data
The FTSE 100 rose 0.4 percent on Tuesday as industrial metal miners gained from higher copper prices. Sentiment was further supported by Bank of England data showing mortgage approvals reached a 15-month high, while geopolitical developments in the Middle East influenced energy and bond markets.
The United Kingdom blue-chip FTSE 100 rose 0.4% to 10,377.4 points midday June 2, boosted by gains in mining-linked stocks. The index is positioned to snap a three-day losing streak as prices for base metals climbed. The midcap FTSE 250 also advanced, climbing 0.8% during the session.
### Miners Lead Gains as Metals Rally Industrial metal miners added 2% to the index as Copper prices reached a two-week high. Heavyweights GLENCORE PLC, ANGLO AMERICAN PLC, and RIO TINTO PLC each climbed approximately 2%.
