Mining firms Power UK stocks to record high

Mining firms on the London List bounced on Thursday, getting rid of the last FTSE 100 The record index is high because investors estimated the impact of 50% of copper tariffs and stronger Chinese economic data.

Anglo -Americans Stocks were 5% higher in noon in London, with Red river and Glencore both increased by 4.5% and Antaphag up 3%.

Profit comes against the background of turbulence in the copper market where prices are record high and Prize paid by American buyers Over those who are the rest of the world, rise after that this week an unexpected ad that 50% of the US responsibilities will be made on August 1 – at the top of your expectations.

This news is mixed for mining giants that have large transactions in key copper export places such as Chile, with uncertainty compared to the dynamics of supply and demand massively increased. According to the head of cash and markets, the wide cost can be useful for manufacturers in the short term.

However the main beneficiaries are higher According to analystsset to see higher realized income.

American imports are slightly under half the copper and widely believed that it is unlikely to increase production to significantly change this mixing in the short term, exerting constant pressure on prices.

There was still a rough year for mining firms listed by Europe Stoxx 600 sectors in the first half, even Goods like gold, rallied. The stock stretched out of their April lows but firms, including Rio Tinto Bad weather broken operations.

Companies, meanwhile, are sensitive to the expectations of global growth that the US tariff uncertainty, as well as economic signals from the Chinese hungry resource, have been impregnated this year.

Mauricio Carul, World Energy Analyst and Mining Analyst at Quilter Cheviot, said on Thursday CNBC that mining profits are supported by data that shows the rise in sales of Chinese construction machines, a key indicator for the Chinese economy.

Wednesday news that some members of the US Federal Reserve Election Committee Expect that the interest rate decrease will be appropriate at the end of this year He is also positive for the sector, he said.

“Finally, after (mining) the sector yesterday there was a technical rebound,” the Carul added.

Dan Koulswort, AJ Bell Investment Analyst, has outlined a wider talk about a “potential new government stimulus in China”, with any support for its giant real estate, which led to greater demand for goods.

“Secondly, this is a weaker dollar, as it makes commodity cheap goods to buy with other currencies,” said Coatsworth CNBC. A US dollar index was slightly lower on Thursday, continuing its recent sensitivity to Updates of tariffs.

And vice versa, Kolbsworth said the stock markets were wide, squeezing their shoulders Names updates by national tariffs It is largely seen as “noise rather than facts”.

“Trump throws the numbers on the left, the right in the center, and the investors have begun to dismiss all that is not installed in the stone … This means a shift in economic data and corporate news as the main drivers for markets,” he said.

. Spencer Kimball CNBC contributed to the story