CAPITAL MARKETS

Pessimism overshadows positivity on markets

Taseko set to list on LSE on Friday

Staff reporter

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The FTSE100 closed higher in London and Australasian markets were mixed yesterday, as were market futures.

IG market analyst Kyle Rodda noted there was growing confidence of a "smooth Brexit" in the UK and hopes for further economic stimulus after a move by the People's Bank of China to boost liquidity in the country's financial system, however the positivity was "washed out" by the pessimism.

Meanwhile Canada-based, copper-focused Taseko Mines (TSX: TKO) expects to debut on the London Stock Exchange on November 22 as it seeks greater exposure to UK and European-based generalist investors.

President Stuart McDonald said the listing would also supplement the trading of its shares on both the Toronto and New York stock exchanges.

Its Toronto-quoted equity was down 3.4% yesterday to C56c, near a 52-week low of 50c.

Base metals including copper were lower across the board on the London Metal Exchange yesterday.

Finally, gold is about US$3 an ounce higher than at this time yesterday, above $1,470/oz on the spot market.

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