Morning markets: Mining sector climbs to the top in early FTSE trading

The FTSE 100 index continues to make gains in early trading, despite the downgrade of several global banks by Fitch Ratings.

The biggest risers in early trading were asset manager Ashmore and miner Antofagasta, both rising 1.9% to 324.3p and 1,151p, respectively (at 0808 GMT).

Resources firms dominated the top rising stocks, with Xstrata up 1.8% to 965p, Kazakhmys climbing 1.7% higher to 861p, as Vedanta Resources rose 1.6% higher to 1,098p.

The biggest faller was listed hedge fund Man Group, down 1.8% to 131.1p (at 0810 GMT). It was joined at the bottom by British Sky Broadcasting, which fell 0.9% to 718.5p.

Publisher Reed Elsevier dropped 0.5% to 504.5p, as both Imperial Tobacco and Hargreaves Lansdown dropped 0.3% to 2,389p and 433.5p, respectively.

To receive more relevant articles like this one, why not sign up to our briefings and breaking alerts by clicking here.