European markets are looking positive at the open on Friday.
Ladbrokes has had a volatile start to trading, after announcing a huge financing deal to by Coral. The stock was up 0.33% as of 08:24 a.m. UK time.
Here’s how that looks:
Miners are leading the charge. Rio Tinto was up 1.79% as of 08:24 a.m. UK time, while Glencore has surged more than 5% on news that it cut zinc production by a third to boost prices in the market.
Here’s how the FTSE 350 mining index looks:
The FTSE 100 as a whole is up 0.51%.
Glencore’s plan has worked. The price of zinc zoomed up more than 6%.
Meanwhile French production figures came in up 1.6% compared to July, the strongest single-month increase for more than two years. Analysts were expecting a 0.5% rise in production, after a 0.5% slump in August. .
Here’s how the European market scoreboard stands:
- Germany’s DAX: +0.97%
- France’s CAC 40: +0.91%
- Italy’s FTSE MIB: +0.83%
- Spain’s Ibex: +0.68%
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