Copper miner Kazahkmys gains 18 percent
European equities markets were higher Monday after the London Interbank Office Rate, or Libor, dropped 17 basis points to 2.86 percent and as investors took little notice of reports from the UK and US that manufacturing activity fell in both nations in October.
In London the FTSE 100 added 1.51 percent to 4,443.28 while the FTSE 250 gained 2.57 percent to 6,443.71.
Miners were mixed as copper miner Kazahkmys (LSE: KAZ) had the best day on the 100 with a gain of 18.3 percent while gold and silver miner Fresnillo (LSE: FRES) was the worst performer on the 100 as it dropped 4.59 percent.
The FTSE Eurofirst 300 was up 0.17 percent to 930.42 as the Dax added 0.78 percent to 5,026.84, the CAC-40 was 1.17 percent higher to 3,527.97 and the IBEX gained 1.27 percent to 9,231.8.
Most equities markets in the Asia-Pacific region were higher as well.
The main exception to the gains was in China, where the Shanghai Composite fell 0.52 percent to 1,719.77.
South Korea’s Kospi added 1.44 percent to 1,129.08, the Taiex was up 2.55 percent to 4,995.06, the Hang Seng was 2.69 percent higher to 14,344.37, and the Straits Times Index gained 4.99 percent to 1,883.75.
In Australia, meanwhile, the Sydney Ordinaries added 4.78 percent to 4,173 and the S&P/ASX200 was up 5.06 percent to 4,221.5 while in India the Sensex gained 5.62 percent to 10,337.68.
Japan’s equities markets were closed in observation of Culture Day.
US equities markets were higher in early afternoon trade, but by shortly after 3 p.m. in New York, the Dow Jones Industrial Average was down 0.52 percent 9,276.98 while the Nasdaq Composite was 0.24 percent lower to 1,716.78 and the S&P 100 had dropped 0.82 percent to 960.76.
Crude oil prices were lower while metals were mixed and grains prices saw gains in Chicago.
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