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May 18, 2020, 7:44 a.m. EDT

Miners and airlines shine as FTSE 100 rallies

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By Steve Goldstein, MarketWatch


Reuters
A British Airways Embraer ERJ-170STD aircraft lands next to a EasyJet plane ready for take off at Cointrin airport in Geneva, Switzerland, on September 26, 2017.

U.K. stocks joined a global rally on Monday, as the chairman of the Federal Reserve said the U.S. central bank still had tools to fight the economic crisis and as data showed new virus cases growing at the slowest rate in months.

Metals producers and travel stocks led the way. Silver miner Fresnillo /zigman2/quotes/201300065/delayed UK:FRES -1.87%  surged as silver futures /zigman2/quotes/210315219/delayed SI00 -0.62%  rose over 4%.

Low-cost carrier easyJet /zigman2/quotes/202825892/delayed UK:EZJ -3.50%  and British Airways owner International Consolidated Airlines Group /zigman2/quotes/208070069/delayed UK:IAG -7.40%  each rallied over 7%. Rival Ryanair /zigman2/quotes/202851567/delayed UK:RYA -3.65%  forecast a loss and said it would cut 3,000 staff jobs.

Crude-oil futures /zigman2/quotes/211629951/delayed CL.1 +0.18%  rallied as data showed fewer rigs in operation, giving a lift to oil giants BP /zigman2/quotes/202286639/delayed UK:BP -3.52%  and Royal Dutch Shell /zigman2/quotes/206428183/delayed UK:RDSA -3.80% .

The FTSE 100 /zigman2/quotes/210598409/delayed UK:UKX -2.47%  rose 2.4% in midday trade, with 90 components advancing.

The strong gains in the FTSE 100 were matched in other major European markets. Read Europe Markets.

/zigman2/quotes/201300065/delayed
UK : U.K.: London
903.00 p
-17.20 -1.87%
Volume: 1.09M
May 11, 2021 4:35p
P/E Ratio
23.08
Dividend Yield
2.02%
Market Cap
£6.78 billion
Rev. per Employee
N/A
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/zigman2/quotes/210315219/delayed
US : U.S.: Nymex
$ 27.50
-0.17 -0.62%
Volume: 3,573
May 11, 2021 9:43p
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/zigman2/quotes/202825892/delayed
UK : U.K.: London
1,032.50 p
-37.50 -3.50%
Volume: 3.53M
May 11, 2021 4:35p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
£4.86 billion
Rev. per Employee
£214,929
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/zigman2/quotes/208070069/delayed
UK : U.K.: London
194.32 p
-15.53 -7.40%
Volume: 78.13M
May 11, 2021 4:35p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
£10.43 billion
Rev. per Employee
£120,743
loading...
/zigman2/quotes/202851567/delayed
UK : U.K.: London
16.64
-0.63 -3.65%
Volume: 152,166
May 11, 2021 4:35p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
€19.53 billion
Rev. per Employee
€491,939
loading...
/zigman2/quotes/211629951/delayed
US : U.S.: Nymex
$ 65.40
+0.12 +0.18%
Volume: 14,509
May 11, 2021 9:43p
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/zigman2/quotes/202286639/delayed
UK : U.K.: London
304.60 p
-11.10 -3.52%
Volume: 52.40M
May 11, 2021 4:35p
P/E Ratio
N/A
Dividend Yield
4.87%
Market Cap
£63.67 billion
Rev. per Employee
£2.21M
loading...
/zigman2/quotes/206428183/delayed
UK : U.K.: London
£ 1,367.60
-54.00 -3.80%
Volume: 7.16M
May 11, 2021 4:35p
P/E Ratio
N/A
Dividend Yield
0.04%
Market Cap
£108.59 billion
Rev. per Employee
£1.52M
loading...
/zigman2/quotes/210598409/delayed
UK : FTSE UK
6,947.99
-175.69 -2.47%
Volume: 888,063
May 11, 2021 4:53p
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Steve Goldstein is MarketWatch markets editor for Europe. Follow him on Twitter: @MKTWgoldstein.

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