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Nov. 1, 2019, 10:45 a.m. EDT

London stocks boosted by commodity companies

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By Steve Goldstein, MarketWatch


Reuters
A coal truck passes others inside coal giant Rio Tinto's Hunter Valley operations.

Commodity producers lifted London-listed stocks on Friday, as economic data from both the U.S. and China were mostly stronger than forecast.

The FTSE 100 /zigman2/quotes/210598409/delayed UK:UKX +1.57%  rose 0.6% to 7291.86 with gainers including oil giant BP /zigman2/quotes/202286639/delayed UK:BP +1.00%  and miner Rio Tinto /zigman2/quotes/208934945/delayed UK:RIO +1.11% .

Data from China showed the Caixin measure of manufacturing PMI at a 32-month high, and U.S. nonfarm payrolls grew a stronger-than-forecast 128,000.

While the ISM manufacturing index slightly missed forecasts, the index on new-export orders shot higher, and the series on new orders also increased.

The IHS Markit/CIPS U.K. manufacturing PMI meanwhile rose to a 6-month high in October, though at 49.6, it is still below a level at 50 that signals contraction. The U.K. numbers were helped by stock building and purchasing activity in advance to the October Brexit departure date that was subsequently postponed.

/zigman2/quotes/210598409/delayed
UK : FTSE UK
7,625.68
+118.01 +1.57%
Volume: 246,503
Jan. 24, 2020 1:53p
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/zigman2/quotes/202286639/delayed
UK : U.K.: London
486.95 p
+4.80 +1.00%
Volume: 11.53M
Jan. 24, 2020 1:53p
P/E Ratio
27.02
Dividend Yield
6.41%
Market Cap
£96.99 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/208934945/delayed
UK : U.K.: London
4,475.00 p
+49.00 +1.11%
Volume: 940,837
Jan. 24, 2020 1:53p
P/E Ratio
7.35
Dividend Yield
6.91%
Market Cap
£71.87 billion
Rev. per Employee
N/A
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Steve Goldstein is MarketWatch markets editor for Europe. Follow him on Twitter: @MKTWgoldstein.

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