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.



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