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Nov. 4, 2019, 11:45 a.m. EST

U.K. stocks boom on hopes for China trade deal

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By Steve Goldstein, MarketWatch

British stocks rallied on Monday, responding to the latest positive comments about the likelihood of a U.S.-China trade deal.

U.S. Commerce Sec. Wilbur Ross, in Thailand for a summit, told Bloomberg Television, “we’re in good shape, we’re making good progress.”

The FTSE 100 /zigman2/quotes/210598409/delayed UK:UKX +2.03%  rose 0.92% to 7369.69.

Gainers included the mining giants that are very sensitive to China’s economic growth prospects, as Glencore /zigman2/quotes/201400686/delayed UK:GLEN +4.15%  , Rio Tinto /zigman2/quotes/208934945/delayed UK:RIO +2.79%   and BHP /zigman2/quotes/203323256/delayed UK:BHP +2.82%   all registered strong gains.

Outside the FTSE 100, GVC /zigman2/quotes/207493593/delayed UK:GVC +2.92%  , 888 Holdings /zigman2/quotes/206991878/delayed UK:888 +2.98%  and William /zigman2/quotes/201135907/delayed UK:WMH +7.88% dropped sharply as members of Parliament called for limits on online gambling

/zigman2/quotes/210598409/delayed
UK : FTSE UK
5,793.16
+115.43 +2.03%
Volume: 171,345
April 9, 2020 9:00a
loading...
/zigman2/quotes/201400686/delayed
UK : U.K.: London
143.00 p
+5.70 +4.15%
Volume: 4.08M
April 9, 2020 9:00a
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
£18.12 billion
Rev. per Employee
£1.04M
loading...
/zigman2/quotes/208934945/delayed
UK : U.K.: London
3,800.00 p
+103.00 +2.79%
Volume: 328,789
April 9, 2020 9:00a
P/E Ratio
9.94
Dividend Yield
9.23%
Market Cap
£60.07 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/203323256/delayed
UK : U.K.: London
1,312.80 p
+36.00 +2.82%
Volume: 747,083
April 9, 2020 9:00a
P/E Ratio
9.02
Dividend Yield
8.58%
Market Cap
£64.56 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/207493593/delayed
UK : U.K.: London
669.00 p
+19.00 +2.92%
Volume: 544,754
April 9, 2020 8:59a
P/E Ratio
N/A
Dividend Yield
2.63%
Market Cap
£3.79 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/206991878/delayed
UK : U.K.: London
131.40 p
+3.80 +2.98%
Volume: 133,632
April 9, 2020 8:58a
P/E Ratio
10.53
Dividend Yield
5.40%
Market Cap
£464.87 million
Rev. per Employee
N/A
loading...
/zigman2/quotes/201135907/delayed
UK : U.K.: London
101.90 p
+7.44 +7.88%
Volume: 1.68M
April 9, 2020 9:00a
P/E Ratio
N/A
Dividend Yield
2.61%
Market Cap
£825.32 million
Rev. per Employee
N/A
loading...

Steve Goldstein is MarketWatch markets editor for Europe. Follow him on Twitter: @MKTWgoldstein.

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