--- title: "FTSE 100 rises 83 points as mining stocks rally on US-China trade truce extension" publisher: "Share Talk" author: "sharetalk" published: "2026-11-09T12:24:42+00:00" modified: "2026-11-09T12:24:42+00:00" date: 2026-11-09 canonical: "https://www.share-talk.com/ftse-100-rises-83-points-as-mining-stocks-rally-on-us-china-trade-truce-extension/" category: "Blogs" categories: ["Blogs", "Technology", "Technology, Media & Telecoms"] tags: ["AI", "Artifical Intelligence", "Bank of England", "Cac", "DAX", "FTSE 100", "FTSE 250", "IBEX", "Kospi", "London stocks", "MIB", "Nasdaq Composite", "Nikkei", "Wall Street"] image: "https://i0.wp.com/www.share-talk.com/wp-content/uploads/2026/11/667d4658-6cfd-4e9a-8be8-ae3b41d4dd59.png?fit=1727%2C911&quality=80&ssl=1" format: "news" language: "en-GB" --- # FTSE 100 rises 83 points as mining stocks rally on US-China trade truce extension **Published:** November 9, 2026 **Author:** sharetalk **Categories:** Blogs, Technology, Technology, Media & Telecoms **Tags:** AI, Artifical Intelligence, Bank of England, Cac, DAX, FTSE 100, FTSE 250, IBEX, Kospi, London stocks, MIB, Nasdaq Composite, Nikkei, Wall Street **Featured image:** ![](https://i0.wp.com/www.share-talk.com/wp-content/uploads/2026/11/667d4658-6cfd-4e9a-8be8-ae3b41d4dd59.png?fit=1727%2C911&quality=80&ssl=1) --- **London’s FTSE 100 climbed 0.8% on Monday, 9 November, as a strong rally in mining shares and renewed optimism over US-China trade relations helped European equities recover from last week’s sharp sell-off.** By midday, **the FTSE 100 had gained 82.58 points to 10,756.52**, while the **FTSE 250 advanced 167.83 points, or 0.7%, to 24,672.15**. The AIM All-Share also strengthened, rising 0.8% to 760.02. The recovery followed China’s announcement that it would extend the suspension of additional tariffs on US imports for another two months, reassuring investors ahead of a possible meeting between **President Donald Trump and Chinese President Xi Jinping**. China’s Commerce Ministry confirmed that the additional **24% tariff on certain American imports would remain suspended**, although an existing 10% levy would continue to apply. The decision follows a broader trade truce reached between Washington and Beijing in Busan during October, which helped ease tensions between the world’s two largest economies. **Trump and Xi could meet again during next week’s Asia-Pacific Economic Cooperation summit in Shenzhen**, with Russian President Vladimir Putin also expected to attend. The possibility of meetings between the leaders has increased attention on trade, international security and diplomatic negotiations. European stock markets followed London’s positive direction, with **Germany’s DAX gaining 0.9% and France’s CAC 40 rising 0.6%**. **Mining companies led the FTSE 100 higher as precious and industrial metals recovered**, providing substantial support for Britain’s resource-heavy blue-chip index. **Endeavour Mining and Antofagasta both climbed 3.9%, Anglo American gained 3.6%, Fresnillo advanced 3.4% and Glencore rose 2.7%.** Gold traded around **$4,103.30 an ounce**, up from $4,058.03 on Friday, while silver also strengthened. **Copper recovered to approximately $6.27 per pound**, having fallen towards a four-month low of $6.18 last week amid concerns about the outlook for artificial intelligence infrastructure investment and industrial demand. The rebound in metals prices encouraged renewed buying interest in mining shares following the previous week’s global market volatility. **In the FTSE 250, Meridian Mining gained 4.2%** after announcing that its Cabaçal copper, gold and silver project in Brazil had entered the pre-construction phase as the company advances towards a final investment decision. However, the positive market sentiment was not shared by all London-listed companies. **Kainos Group plunged 9.7%** after reporting weaker half-year profit margins despite delivering revenue and earnings ahead of market expectations. The IT services provider reported **revenue growth of 37% to £268.8 million** for the six months ended 30 September, compared with £196.1 million a year earlier. **Pre-tax profit increased 26% to £35.8 million**, while adjusted pre-tax profit rose 30% to £41.7 million. Bookings also strengthened, climbing **27% to £402.3 million**, although concerns about profitability overshadowed the improvement in underlying trading. Among smaller companies, **Roebuck Food Group plunged 49%** as its shares resumed trading following a €9 million share subscription at 9p per share. **Blackbird and Litigation Capital Management both declined 16%**, with the latter reporting that a party it had funded had been unsuccessful in seeking permission to appeal. **Seeing Machines fell 15%** amid continued uncertainty surrounding the refinancing of its convertible loan notes with Magna. In currency markets, **sterling strengthened against the US dollar to $1.3419**, compared with $1.3362 at Friday’s London close. The pound eased slightly against the euro to €1.1986, while the euro itself advanced to $1.1191 against the dollar. **Wall Street futures pointed towards a stronger opening**, with the Dow Jones Industrial Average expected to gain 0.9%, the S&P 500 up 0.5% and the Nasdaq Composite indicated 0.2% higher. However, **Nvidia shares fell 4.9% in premarket trading** after the semiconductor group’s board announced an independent investigation following reports that Chief Executive Jensen Huang had been targeted by a foreign intelligence operation. The investigation follows allegations concerning Huang’s relationship with a Chinese business executive linked to Singapore-based data centre company Megaspeed International. **Nvidia has stated that it has no reason to believe company secrets or US national security information were compromised**, while Huang has committed to cooperating with the independent review. The developments have introduced additional uncertainty for the semiconductor industry following last week’s substantial decline in artificial intelligence-related stocks. Meanwhile, **Brent crude fell to $95.16 a barrel**, compared with $97.66 late Friday, as investors monitored diplomatic efforts to prevent renewed military action between the United States and Iran. Trump suggested on Sunday that further strikes were unlikely while negotiations continued to make progress, although any agreement remains uncertain. Government bond markets were relatively stable, with the **US 10-year Treasury yield easing to 4.85%** from 4.87% on Friday. Investors were also assessing developments in European monetary policy following reports that eurozone finance ministers were beginning discussions over a potential successor to European Central Bank President Christine Lagarde. **The FTSE 100’s midday advance represented a welcome recovery following Friday’s 1% decline**, with stronger mining shares and renewed optimism over international trade providing support. **Attention will now turn to the opening of Wall Street, developments in US-China trade negotiations and the direction of commodity prices**, as investors assess whether the recovery in London equities can continue through the afternoon session. --- **Original URL:** https://www.share-talk.com/ftse-100-rises-83-points-as-mining-stocks-rally-on-us-china-trade-truce-extension/ *Created by [WP Markdown Endpoint](https://wpmarkdownendpoint.com/)*