The FTSE 100 rose in early trading on Wednesday 11 November 2026, with mining and energy stocks leading the advance as commodity prices recovered and investors looked ahead to UK growth figures due the following day. At 0840 GMT the index was 0.8% firmer at 10,832.78, recovering part of the ground lost in the previous session.

The rise came a day after the blue-chip index gave back its gains to end lower on Tuesday, when a hotter-than-expected United States inflation reading raised expectations that the Federal Reserve could lift interest rates again in December. London opened on the front foot on Wednesday as sentiment improved across global markets, with indices in Japan and South Korea also turning positive.

Miners lead the FTSE 100 higher

Heavily weighted miners were the top performers on the FTSE 100 as copper prices advanced. Antofagasta rose 4.17% to 3,362.00p, Anglo American gained 2.72% to 3,919.00p and Glencore added 2.11% to 517.20p. Fresnillo, the precious metals miner, was up 2.27% to 2,552.00p as firmer metals prices lifted the sector.

Susannah Streeter, chief investment strategist at Wealth Club, said the Footsie had opened strongly after a rebound in silver prices in particular helped mining stocks. She added that sentiment had been lifted globally as attention turned back to technology prospects.

Oil recovery supports BP and Shell

Energy shares also rose as crude oil prices crept higher again. Brent crude was up 0.6% at $92.02 a barrel in morning trading, while West Texas Intermediate was 0.3% higher at $86.29. BP and Shell were both in positive territory as the oil price recovered from the two-month lows reached on Tuesday.

The recovery in crude came as traders assessed developments in the Middle East and their possible implications for global energy supplies. Market attention remained focused on diplomatic efforts to reduce regional tensions, alongside renewed concern about shipping through the Strait of Hormuz, an important route for international oil and gas.

The FTSE 100's relatively large weighting in energy and other commodity-related companies helped it outperform markets with greater exposure to technology shares, which faced pressure from rising government bond yields after the stronger United States inflation data.

Taylor Wimpey and ITV fall on updates

Not every part of the market shared in the gains. Housebuilder Taylor Wimpey fell 4.25% to 79.44p after flagging that full-year 2026 adjusted operating profit would come in towards the bottom end of consensus, following a softer autumn selling season and higher interest rates reducing mortgage affordability. Analysts are forecasting earnings of between £262 million and £299 million, according to a company-compiled consensus. Fellow housebuilder Barratt Redrow was also lower, down 1.37% to 324.30p.

Broadcaster ITV tumbled 4.34% to 64.90p after reporting that group revenue had dipped 1% in the nine months to the end of September, with advertising revenue down 8% in the third quarter. The company cautioned that total advertising revenue for its television and streaming business would fall between 5% and 10% in the fourth quarter and be down around 2% to 3% for the full year.

Engineering group Spirax was among the risers, up 2.86% to 7,600.00p, after saying trading momentum had strengthened in recent months, with organic sales growth and adjusted operating profit margin for the ten months to the end of October ahead of first-half levels. The company said it remained confident of meeting its full-year guidance. The FTSE 250 was 0.43% higher at 24,853.15.

UK GDP figures due on Thursday

Investors are now preparing for the release of UK third-quarter gross domestic product figures and September industrial production data on Thursday. The Office for National Statistics is scheduled to publish both sets of figures, which will give a fresh read on economic activity and the effect of borrowing costs on businesses and consumers.

The data could also influence expectations for the Bank of England's future monetary policy decisions. Slower growth or weaker industrial output could increase expectations of monetary easing, although the outlook will also depend on inflation and other economic data. For UK equities, the interaction between domestic economic conditions, global interest rates and commodity prices is expected to remain an important factor in the coming sessions.