FTSE 100 Rises on Monday
2026-08-24 15:43
By
Agna Gabriel
1 min. read
The FTSE 100 rose 0.4% on Monday, outperforming broader European markets.
Mining stocks led the gains, with Endeavour rising more than 2%, Antofagasta 1.8%, Anglo American 1% and Rio Tinto 0.5%.
The sector benefited from strong metal prices and gains in SSAB following the collapse of a proposed US-Canada trade agreement that would have lowered tariffs on Canadian steel.
In contrast, energy stocks weighed on the index as oil prices started the week under pressure.
BP fell nearly 3%, while Shell also edged lower despite reports that its US chemicals business has attracted interest from Exxon and Apollo, with the assets potentially valued at up to $8 billion.
Healthcare stocks also declined, with AstraZeneca and GSK each down around 1%.
Investors remained cautious ahead of the US plan to intensify economic pressure on Iran, with Treasury Secretary Scott Bessent expected to outline further measures later Monday.