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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 +0.85%  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 +0.48%  , Rio Tinto /zigman2/quotes/208934945/delayed UK:RIO +2.75%   and BHP /zigman2/quotes/203323256/delayed UK:BHP +2.30%   all registered strong gains.

Outside the FTSE 100, GVC /zigman2/quotes/207493593/delayed UK:GVC -2.48%  , 888 Holdings /zigman2/quotes/206991878/delayed UK:888 +1.27%  and William /zigman2/quotes/201135907/delayed UK:WMH -2.98% dropped sharply as members of Parliament called for limits on online gambling

/zigman2/quotes/210598409/delayed
UK : FTSE UK
7,674.56
+64.75 +0.85%
Volume: 619,327
Jan. 17, 2020 4:59p
loading...
/zigman2/quotes/201400686/delayed
UK : U.K.: London
243.20 p
+1.15 +0.48%
Volume: 20.09M
Jan. 17, 2020 4:35p
P/E Ratio
50.67
Dividend Yield
6.31%
Market Cap
£32.09 billion
Rev. per Employee
£1.04M
loading...
/zigman2/quotes/208934945/delayed
UK : U.K.: London
4,651.00 p
+124.50 +2.75%
Volume: 3.11M
Jan. 17, 2020 4:35p
P/E Ratio
7.64
Dividend Yield
6.65%
Market Cap
£75.52 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/203323256/delayed
UK : U.K.: London
1,851.60 p
+41.60 +2.30%
Volume: 4.28M
Jan. 17, 2020 4:35p
P/E Ratio
14.11
Dividend Yield
5.69%
Market Cap
£93.63 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/207493593/delayed
UK : U.K.: London
910.60 p
-23.20 -2.48%
Volume: 2.53M
Jan. 17, 2020 4:35p
P/E Ratio
N/A
Dividend Yield
3.69%
Market Cap
£5.30 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/206991878/delayed
UK : U.K.: London
152.00 p
+1.90 +1.27%
Volume: 1.22M
Jan. 17, 2020 4:35p
P/E Ratio
12.18
Dividend Yield
4.67%
Market Cap
£553.76 million
Rev. per Employee
N/A
loading...
/zigman2/quotes/201135907/delayed
UK : U.K.: London
182.25 p
-5.60 -2.98%
Volume: 4.31M
Jan. 17, 2020 4:35p
P/E Ratio
61.36
Dividend Yield
5.71%
Market Cap
£1.59 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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