Stoxx 600 Edges Higher on Good Day for Mining

The video discusses recent market gains led by oil, gas, and technology sectors. It highlights the valuation of UK stocks post-Brexit, noting a 20% rise in the Footsie index. Despite this, UK stocks remain relatively cheap compared to European peers due to soaring profit estimates. The mining industry shows strong performance, with companies like BHP and Anglo American reporting significant profit increases. However, political uncertainties and inflation concerns persist. The banking sector, particularly HSBC, faces challenges with missed profit estimates but remains a top performer post-Brexit.

What is the expected profit growth for Footsie 100 index members this year?

• 9.2%

• 20%

• 31%

• 50%

Which company reported better than expected profits due to increased demand from China?

• Standard Chartered

• Lloyds Bank

• BHP Billiton

• HSBC

What was Anglo American's strategy last year to stay afloat?

• Sell assets and focus on core commodities

• Expand into new markets

• Increase dividend payouts

• Merge with another company

What was the percentage drop in HSBC shares at one stage?

• 3.5%

• 5.2%

• 10%

• 6.8%

Which bank has not risen since Brexit according to the transcript?

• HSBC

• Standard Chartered

• Barclays

• Lloyds Bank