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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 +0.76%  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 +1.07%  , Rio Tinto /zigman2/quotes/208934945/delayed UK:RIO +0.09%   and BHP /zigman2/quotes/203323256/delayed UK:BHP +0.25%   all registered strong gains.

Outside the FTSE 100, GVC /zigman2/quotes/207493593/delayed UK:GVC +3.40%  , 888 Holdings /zigman2/quotes/206991878/delayed UK:888 +3.52%  and William /zigman2/quotes/201135907/delayed UK:WMH -0.35% dropped sharply as members of Parliament called for limits on online gambling

/zigman2/quotes/210598409/delayed
UK : FTSE UK
6,095.41
+45.79 +0.76%
Volume: 666,498
July 10, 2020 4:59p
loading...
/zigman2/quotes/201400686/delayed
UK : U.K.: London
175.38 p
+1.86 +1.07%
Volume: 22.81M
July 10, 2020 4:35p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
£22.93 billion
Rev. per Employee
£1.04M
loading...
/zigman2/quotes/208934945/delayed
UK : U.K.: London
4,616.00 p
+4.00 +0.09%
Volume: 1.65M
July 10, 2020 4:35p
P/E Ratio
12.08
Dividend Yield
7.60%
Market Cap
£77.62 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/203323256/delayed
UK : U.K.: London
1,664.80 p
+4.20 +0.25%
Volume: 2.81M
July 10, 2020 4:35p
P/E Ratio
11.44
Dividend Yield
6.77%
Market Cap
£94.32 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/207493593/delayed
UK : U.K.: London
863.20 p
+28.40 +3.40%
Volume: 2.22M
July 10, 2020 4:35p
P/E Ratio
N/A
Dividend Yield
2.04%
Market Cap
£4.87 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/206991878/delayed
UK : U.K.: London
188.00 p
+6.40 +3.52%
Volume: 1.65M
July 10, 2020 4:35p
P/E Ratio
21.27
Dividend Yield
2.61%
Market Cap
£662.26 million
Rev. per Employee
N/A
loading...
/zigman2/quotes/201135907/delayed
UK : U.K.: London
113.70 p
-0.40 -0.35%
Volume: 3.94M
July 10, 2020 4:35p
P/E Ratio
N/A
Dividend Yield
9.15%
Market Cap
£1.20 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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