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2025-12-12 16:40:21
[FTSE 100 Rises on Friday, Led by Bank and Mining Stocks] ⑴ The FTSE 100 rose 0.5% on Friday, boosted by strong gains in bank and mining stocks despite weak UK macroeconomic data. ⑵ Standard Chartered rose over 2%, HSBC rose 1.8%, Barclays rose 1.4%, and NatWest Bank rose over 1%. ⑶ Precious metal miners also performed well, with Fresnillo rising about 4%, Endeavour rising 2%, while Anglo American, Antofagasta, and Rio Tinto rose 1% to 2%. ⑷ The market was unaffected by new signs of economic weakness: UK GDP fell 0.1% in October, in line with the decline in September, marking the fourth consecutive month of stagnation. The services sector contracted 0.3%, construction fell 0.6%, while a 1.1% rebound in industrial output partially offset these declines. ⑸ The weak data reinforced market expectations of a Bank of England rate cut in 2026, helping the stock market maintain its positive momentum.
