FTSE 100 gains on energy and housing
The British FTSE 100 index experienced a modest rise supported by gains in the energy and housing sectors. The building sector saw a rebound following the government's announcement of a new scheme for "Help to Buy" loan programs, which boosted investor sentiment. Conversely, metal and mining stocks declined due to falling gold and copper prices, with shares of companies like Fresnillo and Endeavour Mining dropping by over 4-5%. Overall, the index's performance reflects a divergence between the support from the energy and housing sectors and the impact of commodity price fluctuations on metals and mining industries.
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