FTSE 100 rebounds on back of commodities after seven-day losing streak

T

he FTSE 100 made gains on Tuesday to break its worst losing streak since 2019.

London’s top index moved 0.18%, or 12.94 points, higher to finish at 7,270.76.

The rise came on the back of a strong session from commodities firms amid hopes that the tide could be turning in key Asian markets.

It was the first daily increase since August 10.

Michael Hewson, chief market analyst at CMC Markets UK, said: “Mining stocks are gaining despite a disappointing update from Australian miner BHP, which saw its profits fall by 37%, on the back of weakness in the Chinese economy.

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