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RIO - Rio Tinto News Story

6273p -302.0  -4.6%

Last Trade - 11:25am

Sector
Basic Materials
Size
Large Cap
Market Cap £106.45bn
Enterprise Value £110.32bn
Revenue £31.75bn
Position in Universe 12th / 1827

UPDATE 1-Miners, energy stocks lift UK shares on U.S. stimulus boost

Thu 11th March, 2021 9:20am
(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window)
    * Miners top gainers on FTSE 100
    * Housing market slowed in February
    * IG Group jumps on strong results 
    * FTSE 100 up 0.1%, FTSE 250 adds 0.6%

 (Adds comment, updates prices)
    By Shivani Kumaresan
    March 11 (Reuters) - British shares rose on Thursday, as
higher commodity prices boosted mining and energy stocks after
the United States passed a massive stimulus bill, while online
trading platform IG jumped on a surge in third-quarter revenue. 
    The blue-chip FTSE 100 index  .FTSE  rose 0.1%, with mining
stocks, including Rio Tinto  RIO.L , Anglo American  AAL.L  and
BHP Group  BHPB.L , gaining between 1.2% and 2.6%.  MET/L 
    Oil heavyweights BP  BP.L  and Royal Dutch Shell  RDSa.L 
were also among the biggest boosts as oil prices rose.  O/R 
    The U.S. House of Representatives gave final approval on
Wednesday to one of the largest economic stimulus measures in
American history, a sweeping $1.9 trillion COVID-19 relief bill.
 urn:newsml:reuters.com:*:nL1N2L811C
    "Over the last few weeks, the markets are beginning to price
in debt tightening for two to three years time," said James
Smith, developed market economist at ING.
    "The next thing for UK markets is BoE's (Bank of England's)
meeting next week, whether or not the bank still pushes back
against the recent rise in yields."
     The FTSE 100 has rebounded more than 37% from a
coronavirus-induced crash last year, but the pace of gains has
slowed recently as investors fear a vaccine-led economic
recovery could lead to higher inflation.
    The slow start to 2021 for Britain's housing market
stretched into February, before Finance Minister Rishi Sunak
announced new measures that could revive a property boom that
began after the first lockdown last year, a survey showed.
 urn:newsml:reuters.com:*:nL8N2L85BK
    The domestically focused mid-cap FTSE 250 index  .FTMC  rose
0.6%, led by industrials stocks.
    IG Group  IGG.L  rose 3.8% on a jump in third-quarter
revenue despite a tough comparative a year ago, driven by high
trading during the period that saw a retail frenzy in financial
markets.  urn:newsml:reuters.com:*:nL4N2L91TE
    Transport company Go-Ahead Group  GOG.L  rose 8.7% as it
expected more people to use public transport for work and
leisure in the spring as coronavirus-led restrictions ease.
 urn:newsml:reuters.com:*:nL4N2L91US
    
    
    
    


 (Reporting by Shivani Kumaresan in Bengaluru; Editing by Rashmi
Aich)
 ((Shivani.Kumaresan@thomsonreuters.com; +1 646 223 8780;))
 
(( 
For related prices, Reuters users may click on - * 
 UK stock report      .L     
 FTSE index:          0#.FTS6  
 techMARK 100 index:  .FTT1X          FTSE futures:      0#FFI:  
 Gilt futures:        0#FLG:          Smallcap index:     .FTSC  
 FTSE 250 index:      .FTMC           FTSE 350 index:     .FTLC  
 Market digest:       .AD.L           Top 10 by vol:      .AV.L  
 Top price gainers:   .NG.L           Top % gainers:      .PG.L  
 Top price losers:    .NL.L           Top % losers:       .PL.L  
 
 
 * For related news, click on - *
 UK hot stocks:       HOT  and  GB      Wall Street:           .N 
 Gilts report:        GB/             Euro bond report  GVD/EUR 
 Pan European stock report:  .EU 
 Tokyo stocks:        .T              HK stocks:            .HK 
 Sterling report:     GBP/            Dollar report:       USD/ 
 
 
 * For company prices, click on - *
 Company directory:   UKEQ           By sector:           FTAX  
 
 
 * For pan-European market data, click on - *
 European Equities speed guide................  EUR/EQUITY  
 FTSE Eurotop 300 index...........................  .FTEU3  
 DJ STOXX index...................................  .STOXX  
 Top 10 STOXX sectors........................  .PGL.STOXXS  
 Top 10 EUROSTOXX sectors...................  .PGL.STOXXES  
 Top 10 Eurotop 300 sectors..................  .PGL.FTEU3S  
 Top 25 European pct gainers....................  .PG.PEUR  
 Top 25 European pct losers.....................  .PL.PEUR ))
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