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Stock markets: UK stocks climb as miners extend gains

By Indrabati Lahiri

12:13, 25 November 2021

Image of stocks chart
Stocks chart – Credit: Shutterstock

UK stocks moved higher Thursday morning, with the FTSE 100 index gaining as rising iron ore prices lifted hopes of increased steel demand from China. The Chinese government recently announced it would relax fiscal policy and provide more support to the struggling property development sector, which was welcomed by mining companies.

European stocks reflected the same sentiment, with the Euro Stoxx 50 advancing, as investors strived to remain positive, amidst an increasing number of Covid-19 cases. Data released yesterday from purchasing managers indicated the possibility of good growth in the region, which helped lift market sentiment.

Overnight in Asia, Hong Kong’s Hang Seng index gained as well, with the US S&P 500 index following suit.


16,369.00 Price
-1.600% 1D Chg, %
Long position overnight fee -0.0260%
Short position overnight fee 0.0040%
Overnight fee time 22:00 (UTC)
Spread 5.0


4,564.80 Price
-0.030% 1D Chg, %
Long position overnight fee -0.0263%
Short position overnight fee 0.0041%
Overnight fee time 22:00 (UTC)
Spread 0.7


36,114.90 Price
-0.180% 1D Chg, %
Long position overnight fee -0.0263%
Short position overnight fee 0.0041%
Overnight fee time 22:00 (UTC)
Spread 2.2


16,535.60 Price
+0.660% 1D Chg, %
Long position overnight fee -0.0221%
Short position overnight fee -0.0001%
Overnight fee time 22:00 (UTC)
Spread 1.5

What’s interesting today: Shares of Mitchells & Butlers jumped, as the UK operator of pubs and restaurants reported like-for-like sales grew 2.7% in last eight weeks since the end of the financial year. The restaurateur remains concerned about the rising costs of utilities and labour. Investors are worried whether a lack of alcohol during the holiday season will affect business profits, as the UK still faces a shortage of heavy goods vehicle drivers.

Image of stocks chartStocks chart – Credit: TradingView

Why are stocks up/down today?

Miners extend gains: Mining shares rallied as iron ore prices increased, igniting hopes of growing Chinese steel demand.

What is your sentiment on UK100?

Vote to see Traders sentiment!
  • What this means: The mining and property sector have been two of the most affected every since the coronavirus pandemic started, leading to metal and commodity prices falling and many miners seeing their operations in South America and Africa stalled. Thus, the recent Chinese relaxation of fiscal policy, along with increased support to the property sector, caused iron ore prices to rise, leading to renewed investor hopes of recovery, especially in Chinese markets and potentially giving rise to higher demand.

Stock markets: key highlights

  • The FTSE 100 index increased by 0.16% to reach 7298.0 points
  • The Euro Stoxx 50 index also rose 0.26% to 4287.4 points
  • Germany’s DAX index climbed up 0.195 to 15908.9 points
  • France’s CAC 40 index inched up 0.18% to 7054.6 points
  • The leading sectors were finance and consumer services, whereas communications and retail trade lagged behind
  • US S&P 500 futures rose 0.22% to $4709.5

Market sentiment

  • The CBOE Volatility Index, or VIX, a measure of expected fluctuations in US stocks, dropped to 18.58, as the market stabilised further
  • The US dollar index fell slightly to $96.81
  • The US 10-year bond yield index dropped to 1.643% as well

Top stock gainers: UK and Europe

  • In the UK, St James’s Place, Intercontinental Hotels Group and Compass Group were the top stock gainers
  • St James Place shares rallied after the wealth manager recently announced its venture into the virtual reality space
  • Intercontinental Hotels Group shares increased after Jefferies upgraded them to “buy”
  • Compass Group shares gained after they announced better-than-expected profits
  • In Europe, Shell, VINCI and LVMH Moet Hennessy Louis Vuitton were the best performers
  • Shell shares rallied after the oil and natural gas company was reported to be considering opening a new biofuels plant in Singapore
  • LVMH Mot Hennessy Louis Vuitton saw shares do well after its recently released series. “The Doers”

Top stock losers: UK and Europe

  • On the FTSE 100, Vodafone Group, Ocado Group and Rightmove were the top losers
  • Vodafone Group recently launched a new smartphone trade-in programme, known as “Bring Back Friday” in order to promote the recycling of their old phones
  • Ocado Group’s shares suffered after the price fell following speculations that Marks and Spencer were considering buying the group’s UK branch, which has not materialised as yet
  • Rightmove shares dipped after house asking prices fell to their lowest point since January
  • On the Euro Stoxx 50, Allianz, Zurich Insurance and Adidas were the worst performing companies
  • Zurich Insurance shares dropped as the company recently announced that it would not be underwriting fresh oil exploration projects any longer
  • Adidas Originals recently announced a partnership with Coinbase

Stocks news: what you need to know today

Read more: Mitchells & Butlers (MAB) returns to profitability

Markets in this article

Mitchells & Butlers
2.310 USD
0.036 +1.610%
Mitchells & Butlers
2.310 USD
0.036 +1.610%
Mitchells & Butlers
2.310 USD
0.036 +1.610%

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The difference between trading assets and CFDs
The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional trading, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example.
CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.
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